Veidlapa Nr. M-3 (8)
Study Course Description
Basics of Finance Management
Course Code
VVDG_018
Branch of Science
Economics and Business; Finances and Loan
ECTS
6.00
Target Audience
Rehabilitation
LQF
Level 7
Study Type And Form
Full-Time
Study Course Implementer
Course Supervisor
Alina Dūdele
Structure Unit Manager
Daiga Behmane
Structural Unit
Health Management Teaching Group
Contacts
Dzirciema street 16, Rīga
About Study Course
Objective
The aim of the course is to develop students' understanding of the impact of the financing system on the provision of health care and rehabilitation services and to develop basic skills for the analysis and interpretation of financial information.
Preliminary Knowledge
Desired knowledge of economics and business fundamentals.
Learning Outcomes
Knowledge
1.Students understand the impact of the financing system on the provision of health care services, understand the supply and demand in health care.
Skills
1.Students are able to analyze and interpret simple financial statements, prepare a company budget and a business plan for the implementation of a rehabilitation service.
Competences
1.Students are able to critically analyze and interpret financial information in health care, are able to organize financial aspects in the course of introducing new rehabilitation services.
Assessment
Individual work
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
-
|
-
|
|
Literature analysis, tasks - research of rehabilitation services market in Latvia, analysis of the company's financial statements, selection of the company's budget, preparation of the rehabilitation service implementation business plan.
|
||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
|
|
- active participation in practical classes; timely submitted, high-quality written works, quality of oral answers;
- presentations of independent tasks;
- Test at the end of the course: assessment of individual rehabilitation service implementation plan.
|
||
Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Costs. Variable, fixed, tiered costs. No-loss threshold. Direct, indirect and overhead costs. Cost centers. Attribution of costs. Cost profile. Out-of-pocket cost.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Preparation of the rehabilitation service implementation business plan.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Financial analysis: Balance sheet; profit and loss statement; cash flow statement.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Service cost calculation, service price. Company budget.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Accounting of economic activities. Accounting. Presentation of financial information in financial statements.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Healthcare financing systems. Methods of purchasing services.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
The influence of investment sources on the results of economic activity.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Preparation of the rehabilitation service implementation business plan.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Costs. Variable, fixed, tiered costs. No-loss threshold. Direct, indirect and overhead costs. Cost centers. Attribution of costs. Cost profile. Out-of-pocket cost.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Business planning. Methods of evaluating capital investment projects. The impact of capital investment decisions on the company's economic activity.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Operational planning assumptions. Drawing up a work plan.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Healthcare financing systems. Methods of purchasing services.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Business planning. Methods of evaluating capital investment projects. The impact of capital investment decisions on the company's economic activity.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Financial analysis: Balance sheet; profit and loss statement; cash flow statement.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
4
|
Topics
|
Operational planning assumptions. Drawing up a work plan.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Service cost calculation, service price. Company budget.
|
Total ECTS (Creditpoints):
6.00
Contact hours:
48 Academic Hours
Final Examination:
Exam
Bibliography
Required Reading
1.
M.Rurāne. Finanšu pārvaldība un analīze. Rīga: Avots, 2019.
2.
M.Rurāne. Finanšu menedžments. Rīga, 2005. (akceptējams izdevums)
3.
Financial Management in Health Services. Reinhold Gruen & Anne Howarth. Opern University press. 2005. (akceptējams izdevums)
4.
A.Dudele, T.Korsaka. Finanšu vadība. Rīga, 2003. (akceptējams izdevums)
5.
Ārvalstu studentiem/For international students:
6.
Financial Management in Health Services. Reinhold Gruen & Anne Howarth. Opern University press. 2005. (akceptējams izdevums)
Additional Reading
1.
S.Berger. Fundamentals of Health Care Financial Management : A Practical Guide to Fiscal Issues and Activities. John Wiley & Sons, Incorporated. 2008.
2.
Julia Fox-Rushby &John Cairns. Economic Evaluation. Opern University press. 2005.
3.
Goodwin, N., et al. Managing Health Services. Opern University press. 2005.
4.
L.Guinness, V.Wiseman. Introduction to Health Economics. 2nd ed., Open University Press, 2011.
5.
E.A. McGlynn, et al. Identifying, Categorizing, and Evaluating Health care efficiency measures. PhD, AHRO Publication, April 2008.
6.
Drummond M. Methods for the economic evaluation of health care programmes, Oxford university Press, 2015.
7.
Morris, et al. Economic Analysis in health care. John Wiley &Sons., Ltd. 2012