Effective health financing and robust budgeting are the twin pillars of a sustainable and high-performing healthcare system. This training course is specifically designed for managers who need to navigate the complex financial landscape of modern healthcare. By providing a deep understanding of economic principles, budgeting methodologies, and strategic financial planning, this program empowers participants to make informed decisions that ensure resource efficiency, service quality, and long-term organizational stability.

This comprehensive program moves beyond simple accounting, focusing on the strategic application of financial principles to solve real-world healthcare challenges. You will learn to control costs, optimize revenue streams, and leverage financial data to drive organizational success. Through practical case studies and hands-on exercises, you will gain the skills to build and manage budgets, secure funding, and ensure your organization remains fiscally sound in an ever-changing environment.

Duration

5 days

Target Audience

• Healthcare managers and administrators
• Finance directors and accountants in health organizations
• Program managers and project coordinators
• Public health officials and policy makers
• Hospital and clinic department heads
• Quality assurance and performance managers
• NGO and non-profit health professionals
• Directors of human resources
• Strategic planners in the health sector
• Senior medical and clinical staff

Objectives

• Understand the core principles of health economics and financing.
• Develop and implement a robust budgeting process.
• Analyze financial reports to inform management decisions.
• Master revenue cycle management to optimize income.
• Conduct cost analysis to identify savings and efficiency gains.
• Explore different health financing models and their implications.
• Implement strategic financial planning for long-term sustainability.
• Mobilize resources and secure funding from various sources.
• Manage financial risks and ensure compliance with regulations.

Course Modules

Module 1: Foundations of Health Economics and Financing

• Introduction to health economics and its relevance for managers.
• Understanding different health financing models (e.g., public, private, social insurance).
• The flow of funds in a healthcare system.
• Equity and efficiency in resource allocation.
• The role of micro and macroeconomics in health sector decisions.

Module 2: Budgeting Principles and Techniques

• The annual budget cycle and its key components.
• Types of budgets (e.g., operating, capital, program-based).
• Practical techniques for budget preparation and justification.
• Monitoring budget performance and variance analysis.
• The role of budgeting in strategic resource management.

Module 3: Revenue Cycle Management

• The process from patient registration to payment collection.
• Understanding coding and billing processes.
• Managing accounts receivable and denial rates.
• Strategies for improving revenue capture.
• Navigating third-party payer relationships and contracts.

Module 4: Cost Analysis and Management

• Methods for identifying and classifying costs in healthcare.
• Cost-benefit analysis and cost-effectiveness analysis.
• Techniques for cost reduction and operational efficiency.
• Activity-based costing for services.
• Analyzing the impact of cost-management decisions.

Module 5: Financial Reporting and Analysis

• Understanding key financial statements (e.g., income statement, balance sheet).
• Using financial ratios for performance analysis.
• Interpreting financial data for decision-making.
• The importance of timely and accurate reporting.
• Communicating financial information to non-finance professionals.

Module 6: Strategic Financial Planning

• Developing a financial strategy aligned with organizational goals.
• Forecasting future financial needs and trends.
• Capital investment decisions and project evaluation.
• Long-term financial sustainability planning.
• The role of financial planning in organizational growth.

Module 7: Resource Mobilization and Risk Management

• Strategies for mobilizing resources from donors and grants.
• Preparing grant proposals and funding applications.
• Public-private partnerships in health financing.
• Identifying and mitigating financial risks.
• Ensuring compliance and ethical financial practices.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.