This course will provide the theory and practice of Clinical Costing in a concise form so that today’s health professionals can equip themselves with the knowledge and skills of Clinical Costing Datasets to respond to the question of cost-effectiveness of their work.
Healthcare performance management needs information on cost, revenue and clinical outcomes of care because of the rising healthcare costs around the world. Empowering healthcare professionals with Clinical Costing information is central to the success of value-based healthcare which confers maximum clinical benefit at minimum cost.
The course will touch on the importance of Clinical Costing Datasets in public hospitals from the theory, philosophy and practice. The course will then discuss how financial information is brought into the clinical information to attach cost and revenue to a specific clinical work. The course will also provide practical examples of its application in writing a business case and analyzing cost data for a surgical case.
This course is suitable for any student (both undergraduate and postgraduate) and registered healthcare professional.
- Understand the theory, philosophy and practice of clinical costing systems and datasets.
- Understand how the information of financial, human resources, ancillary and clinical services are linked together.
- Gain the knowledge of Clinical Costing Standards which guide the methodology of cost allocations.
- Gain the knowledge of how Clinical Costing Datasets are used in practice.