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PHCM9441 - Healthcare Economics and Financial Management
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This course combines health economics and healthcare financial management. There is an introduction to double entry accounting to provide a working knowledge of cash and accrual accounting, plus an analysis of balance sheets, profit and loss statements and cash flow statements. How to construct a budget in a healthcare environment is a core skill in this course. The health economics component of the course introduces students to important economic concepts such as opportunity cost and supplier-induced demand and illustrates how these concepts can be applied to the healthcare industry.
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