Management of Costs in Healthcare
Code | Completion | Credits | Range | Language |
---|---|---|---|---|
F7PMSRNZ | KZ | 5 | 2P+2S | Czech |
- Garant předmětu:
- Lecturer:
- Tutor:
- Supervisor:
- Department of Biomedical Technology
- Synopsis:
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The students are acquainted with basic economic concepts connected with the issue of costs, their division and methods of determination. The costs are discussed in more detail both from the point of view of corporate practice and economic theories. Students strive to apply theoretical knowledge and solve practical examples. Potential options on how to reduce costs are also discussed. An integral part of the course is to practice the given topic using examples and graphs, everything being solved in connection with the practice. Students learn to understand the meaning and significance of budgeting and costing from the point of view of management and in relation to economic activities of a company.
- Requirements:
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To acquire a graded assessment it is necessary to gain at least 50 points from 100. 1) a check test aimed at practical solutions of examples related to the field of CPC. The maximum number of points for the test is 25.
2) max of 25 points – partial activities in the seminars
3) final test, max of 50 points – it is required to gain minimum of 50 %. Assessment based on the ECTS scale.
Participation in the seminars is required – max of 2 absences is allowed.
- Syllabus of lectures:
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•Introductory lecture – introduction to the subject, basic terminology. Cost management as a part of a company management.
•Asset and capital structure of a company
•Costs – a term, costs division, options to reduce costs, healthcare system situation.
•Costing – aim of costing, traditional and modern approaches to costing, costing according to activities (Activity based costing), costing in healthcare facilities.
•Budgeting – budgets, functions and content of a budget, long-term and short-term budgets.
•Cost management in healthcare facilities – cost allocation in HF, principles of allocation, system of cost management in private HF and state HF.
•Profit and loss statement. Specific issues of profit assessment in healthcare service (private entities NP, private entities LE, semi-budgetary organisations). Turning point.
•Material costs – optimization approaches to inventory management, stock standardization.
•Depreciation – depreciation of fixed assets, accounting and tax depreciation.
•Wage costs – wages, salaries. Labour law claims of employees on an employment relationship or from agreements concluded outside the employment relationship. Health and social insurance.
•Prices – types of prices, factors affecting price levels, pricing policy, pricing strategies, pricing methods. Issue of pricing in healthcare.
•Cost accounting in a company.
•Tax system of the Czech Republic, direct tax.
•Indirect tax. Specifics of VAT in Healthcare.
- Syllabus of tutorials:
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•Introductory lecture – introduction to the subject, basic terminology. Cost management as a part of a company management.
•Asset and capital structure of a company
•Costs – a term, costs division, options to reduce costs, healthcare system situation.
•Costing – aim of costing, traditional and modern approaches to costing, costing according to activities (Activity based costing), costing in healthcare facilities.
•Budgeting – budgets, functions and content of a budget, long-term and short-term budgets.
•Cost management in healthcare facilities – cost allocation in HF, principles of allocation, system of cost management in private HF and state HF.
•Profit and loss statement. Specific issues of profit assessment in healthcare service (private entities NP, private entities LE, semi-budgetary organisations). Turning point.
•Material costs – optimization approaches to inventory management, stock standardization.
•Depreciation – depreciation of fixed assets, accounting and tax depreciation.
•Wage costs – wages, salaries. Labour law claims of employees on an employment relationship or from agreements concluded outside the employment relationship. Health and social insurance.
•Prices – types of prices, factors affecting price levels, pricing policy, pricing strategies, pricing methods. Issue of pricing in healthcare.
•Cost accounting in a company.
•Tax system of the Czech Republic, direct tax.
•Indirect tax. Specifics of VAT in Healthcare.
- Study Objective:
- Study materials:
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[1].DAVID P. DOYLE. Cost control: a strategic guide. London: CIMA Publishing, 2002. ISBN 9781859715178.
[2].MARC WOUTERS. Cost management: strategies for business decisions. International ed. New York: McGraw-Hill Professional, 2012. ISBN 9780077132392.
[3].WEIL, Roman L. a Michael MAHER. Handbook of cost management. 2nd ed. Hoboken, N.J.: Wiley, c2005. ISBN 978-0471678144.
- Note:
- Further information:
- No time-table has been prepared for this course
- The course is a part of the following study plans:
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- Systematic Integration of Processes in Healthcare - full-time (compulsory course)