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Available Open Courses

Finance & Financial Management for Clinical Professionals

Provider CPD Points Duration
Academyst61 Day

Developed in conjunction with a Senior NHS Finance Director, this course is designed for the many consultants, senior nurses and PAMs who would like NHS finance and business planning demystified to the point of being both understandable and manageable. With particular emphasis on what it takes to be financially successful in today's NHS environment, the course balances a detailed understanding of the principles and process of NHS money flow with the practical skills to operate successfully to ensure services survive and thrive in a deeply troubled health economy, including how to significantly influence service finance in complete alignment with delivering high quality care.

Post Course Learning

This programme comes with bonus e-learning too, access to which is granted immediately on attendance and allows you to develop a real depth of understanding in a complex arena.

  • Financial Management (6 CPD Points)
  • The Effective Business Case (3 CPD Points)

All of these are high quality, video-captured programmes. In addition, we are releasing an augmented version of Cost Improvement in the Autumn, ensuring you have the very latest and up-to-date knowledge.

Pricing Structure

Our Easyjet-style pricing means places start at £225 + VAT for the first 5 places, step to £255 + VAT for the next block and then revert to the standard price of £285 + VAT. It's not time-related, it's 'places available at' and so it pays to book swiftly to secure one of the lower price places.

This means that you get the best price available by booking early but it does require payment at the time of booking, as the place is attached to you and that denies someone else the chance. In the event study leave is declined, refunds are issued according to standard terms & conditions.

 
 

Programme

UNDERSTANDING THE FINANCIAL WORLD OF CLINICAL SERVICES

  • Understanding the NHS market economy & money flows
  • Health & Social Care Act, 5yFV, Choose & Book and PbR
  • Role of commissioning in finance & service funding
  • Financial terminology: PbR, HRGs, tariffs, CQUINs, reference costs
  • Understanding tariff & its critical management considerations
  • Understanding what impacts & influences financial return on care delivered
  • Just how is care turned into cash & where does that go wrong?
  • Where is money lost and where can it be found?
  • The critical link between quality and financial return
  • Understanding Budgets, Service Line Reporting & Service Line Management
  • Making sense of budget and service line reports
  • Capital and Revenue spending - principles & differences
  • Purchasing - following the guidelines and rules - local and national
  • Standing financial procedures, instructions & fraud - what you need to know
 
FINANCIAL MANAGEMENT FOR CLINICAL LEADERS
  • Understanding financial prioritisation and linking to directorate & clinical goals
  • Financial goal setting at a departmental or directorate level
  • Balancing financial and clinical needs - developing consensus
  • Understanding return on investment from both fiscal & clinical perspectives
  • Proactive management of financial stability
  • Developing strategies for recovery from a poor financial position
  • Common financial pitfalls & how to avoid them

 

CORE PRINCIPLES IN COST REDUCTION

  • Financial modelling - the relationship between income, cost and activity
  • Identifying potential savings & testing their plausibility
  • Risk assessment in cost improvement
  • Eliciting savings from staffing - the right way
  • Organising cost improvement for maximum effectiveness
  • Engaging the whole team willingly in cost improvement

 

POST COURSE CONTENT

This programme comes with bonus e-learning too, access to which is granted immediately on attendance and allows you to develop a real depth of understanding in a complex arena.

  • Financial Management (6 CPD Points)
  • The Effective Business Case (3 CPD Points)
  • Effective Cost Improvement (6 CPD Points)
 

 

Course Dates

  • London - 7th, Nov 2018

Pricing

  • First Five Delegates: £225.00
  • Next Five Delegates: £255.00
  • Standard Price: £285.00

Book Now

This takes you to the Medmeetings course page for this course, from which you can see the latest availability & best available pricing, as well as book onto the course.

Click here to book onto this course

More Information & Compelling Reasons

Why Academyst?

Healthcare is tough today and the training you receive must adequately address that reality. No idealism or wishy-washy, overly academic regurgitation, just focused, bang up-to-date, hard-hitting, highly practical courses designed to address the things you need to be very good at today. Equally, your study leave time and budget are both scarce and precious. We won’t waste your time, we work hard to provide the very best training at professionally sustainable fees (lower than many) and we NEVER compromise on learning quality. Other practical reasons include:

  • 100% Money-back Guarantee
  • Just 12 Participants Per Course (Academyst Select)
  • Extremely experienced faculty with seniority & genuine gravitas
  • Many courses are augmented by significant additional e-learning for depth
  • Academyst Select Courses

Academyst Select is a truly comprehensive approach to supporting you from both the learning perspective and in how you use or implement that learning. By operating with reduced participants and days i.e. only working with comparatively few individuals, we are able to provide an unmatched and truly enabling level of support.

Academyst Select courses have as standard:

  • Open dialogue with the team and more targeted advice on your specific issues
  • Access to ongoing implementation advice
  • Full-sized PDFs of all slides used
  • Implementation Guide to help you apply principles and learning
  • Implementation Materials – actual documents, slides & models that you can use

Discover more about Academyst Select