Health Economics and Finance for Managers

Module code: EC7438

This module will equip you to navigate the economics and financial management of healthcare by exploring how healthcare resources are allocated and how decisions are made about the costs and consequences of healthcare interventions. By taking this module, you will develop an understanding of key economic concepts and their application to healthcare.

The module explores organisational, departmental, and service line costing, profit analysis, pricing, and budgeting within healthcare providers. It also considers the uncertainties associated with drug development and patent protection, compares healthcare systems from around the world, and examines the role of economic evaluation in informing healthcare decision-making. Through the study of cost-effectiveness analysis, cost-benefit analysis, and the critical assessment of economic evaluations, you will develop the skills to assess healthcare interventions and contribute to evidence-informed managerial decision-making.