Essential finance for managers in the health sector

In the current climate it's never been more important for managers in the health sector to sharpen up their financial management skills. This highly practical programme will explain the structure of the health sector, the workings of the government budget cycle, organisational and Crown governance frameworks and how to control and manage expenditure. On completion of this programme you'll be able to use financial information to make well informed decisions and prepare credible budgets, forecasts and business cases. You'll be able to apply new management and financial tools as soon as you return to work.

What our participants say:

'The course was very clear, well thought out and bespoked to our needs' - Frank Booth, Service Manager, Auckland Regional Public Health Service.

Objectives:

After completing this course you will be able to:

Understand the structure of the health sector and your planning and reporting obligations to the Crown
Understand financial terminology, financial processes and financial reports of your DHB/ organisation
Understand the rules of finance and apply them in the health sector
Interpret cost centre reports and be able to take actions to get back on track
Know what is expected from you from a financial perspective and how to record and manage expenditure to the approved budget in accordance with purchasing processes and approval levels
Understand appropriations, funding sources, baseline updates and the authority for variations
Understand the nature of costs and be able to appropriately cost new initiatives
Prepare budgets and forecasts for your area

Our training is:

Competency based: we enable participants to apply what they have learned when they return to work
Professionally designed to cater for all learning styles, with a mix of activities
Based on accelerated learning techniques to engage participants
Fully evaluated for continuous improvement
Customised for an organisation's specific needs and issues and financial systems and processes

Participant feedback from essential finance for managers in the health sector