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Financial Management in Nursing Practice

Course Description

This course explores basic concepts on financial reporting, resource allocation, and performance management nurse managers need in the daily operations of their units or workplaces. It includes topics in budgeting, revenues and costs, staffing, and performance monitoring/evaluation tools.

Course Objectives

At the end of the course, participants will be able to:

  1. Interpret financial reports/statements used in decision-making;
  2. Prepare a budget for their respective units;
  3. Analyze the common types of revenues and costs in health care affecting nursing care;
  4. Utilize performance management tools in monitoring and evaluation; and
  5. Demonstrate the role of nurses in financial management.

Course Delivery and Materials

The course materials include course guide, study guides, and reading materials that will be uploaded in the course site.

Course Requirements

  • Budget Preparation
  • Financial Report Analysis

Admission Requirements

A graduate of a Bachelor of Science in Nursing degree.

Course Structure

This non-formal course is divided into 12 modules which are grouped into 4 units. The first unit covers an introduction that looks into the financial environment and the nurses’ role. The second unit focuses on preparation and analysis of budgets. Revenue, cost analysis and resource allocation are tackled in the third unit. While performance management tool particularly the use of dashboard and scoreboard is covered in the fourth and last unit.

Unit I. Financial Frameworks

Module 1: Financial environment in the health care setting

Module 2: The language of finance: Basic accounting principles and financial concepts

Module 3: Financial Statements and Financial Position

Module 4: Financial position analysis

Unit II. Budget

Module 5: Basic budgetary concepts

Module 6: Types of budget

Module 7: Budget variance analysis

Module 8: Budget preparation

Unit III. Revenue, Costs and other Resource Allocation

Module 9: Sources and types of revenues

Module 10: Sources and types of costs

Module 11: Costs and issues related to staff

Unit IV. Performance Management

Module 12: Dashboard and Scorecards

Enrollment

Interested participants may register online using the Online Sign-up form, or visit the Faculty of Management and Development Studies, UPOU HQ, Los Baños, Laguna. Details of course offering will be emailed a month before the start of class. (This includes the admission form with the assessment of fees and payment procedures.)

Schedule of Course Offerings

For inquiries, please email FMDS @ This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at (049) 536-6010.


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