Financial Management in Nursing Practice (FMNP)
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.
At the end of the course, participants will be able to:
- Interpret financial reports/statements used in decision-making;
- Prepare a budget for their respective units;
- Analyze the common types of revenues and costs in health care affecting nursing care;
- Utilize performance management tools in monitoring and evaluation; and
- 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.
- Budget Preparation
- Financial Report Analysis
A graduate of a Bachelor of Science in Nursing degree.
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|
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.)
For inquiries, please email FMDS at email@example.com or call us at (049) 536-6010.