An Interactive 5-Day Training Course
Healthcare Financial and Accounting Management Skills
Reporting Value, Economy and Efficiency
in the Healthcare Sector
Course Overview
This GLOMACS Healthcare Financial and Accounting Management Skills training course will help healthcare professionals in the multitude of disciplines and functions in hospitals, clinics, and community health settings to navigate modern healthcare organisations' complexities and positively contribute to their financial and operational success.
Modern healthcare organisations are complex in the many different treatments and therapies provided and varied in their operating models and strategic and financial objectives: from the UK style national healthcare systems financed from taxation to the US-style insurance financed healthcare systems and profit-making enterprises.
In all of these models, the management of cost, efficiency, and economy is crucial, whether to operate within constrained funding budgets or make a profit. To effectively manage and achieve these goals, healthcare professionals in all disciplines need a working knowledge of the financial accounting and management systems in their organisation. This leading-edge training course will provide you with the essential skills to understand financial reports and engage effectively in managing your own healthcare organisation.
This GLOMACS training course will feature:
- The fundamentals of healthcare operating models
- Key concepts of accounting and financial reporting
- Measuring and managing financial and operational performance
- Effective budgeting for healthcare organisations
- Developing an integrated management approach for healthcare
Training Objectives
The training course has been designed to provide healthcare professionals from all disciplines to understand the healthcare sector's financial accounting and management principles and apply their knowledge the managing organisational performance of their organisation.
By the end of this GLOMACS training course, you will be able to:
- Understand the fundamentals of financial accounting
- Analyse and interpret healthcare financial reports
- Participate effectively in healthcare sector budgeting processes
- Understand the principles of capital investment decision-making
- Focus decisions based on ‘value for money’ and cash management
- Assist in developing and implementing management dashboards
Who should Attend?
Professionals from a wide range of healthcare disciplines will benefit from attending this practical course on financial and management skills.
The training course is suitable for a wide range of professionals but will greatly benefit:
- Healthcare budgeting team members
- Healthcare planning professionals
- Financial and management accounting team members
- Clinical and surgical budget holders
- Hospital administration managers
- Dental surgeons and dental practice managers
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor, will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Healthcare Management and Accounting Fundamentals
- Healthcare operating models: state, charity, insurance-funded
- Fundamentals of stakeholder and shareholder value
- Concepts of value for money (VfM)
- Basic principles in financial accounting
- Cash versus accruals accounting
- Financial accounting versus management accounting
DAY 2: Healthcare Financial and Management Reporting
- Relevant reporting frameworks for healthcare organisations
- Distinctive characteristics of healthcare financial reports
- The five elements of financial statements
- Assets and liabilities: principles for recognition and measurement
- Nature and classification of healthcare sector income and expenses
- Management accounting in healthcare entities
DAY 3: Measuring and Managing Healthcare Performance
- Understanding and analysing cost behaviour
- Managing the cost-volume-profit relationship
- Understanding and analysing healthcare financial reports
- The financial analyst’s toolkit
- Interpreting financial ratio analysis of healthcare entity reports
- Analysing and interpreting healthcare cash flow statements
DAY 4: Budgeting for Healthcare Sector Organisations
- Setting goals and outcome requirements
- Effective forecasting techniques
- Budgeting for funding, income and expenses
- Principles of cash flow budgeting
- Human and behavioural aspects of budgeting
- Principles of capital investment budgeting
- Investment decision-making in the healthcare sector
DAY 5: Integrated Management Reporting in Healthcare
- The limitation of financial reports
- Identifying organisational key success factors
- Measuring economy, efficiency, and effectiveness
- Developing key performance indicators (KPI’s)
- Using strategy maps and balanced scorecards
- Developing tactical management dashboards
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
Sessions in international locations
Online Sessions
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