HFMA Qualifications Programme 2017/18 Masters-level Qualifications in Healthcare Business and Finance

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1 HFMA Qualifications Programme 2017/18 Masters-level Qualifications in Healthcare Business and Finance HFMA Diploma in Healthcare Business and Finance HFMA Higher Diploma in Healthcare Business and Finance Pathway to MBA

2 Masters-level Qualifications in Healthcare Business and Finance Masters-level Qualifications in Healthcare Business and Finance 1 Develop the skills and knowledge that you need to innovate and deliver value in healthcare Welcome From Mark Knight, Chief Executive, HFMA Contents Welcome 1 Why study with HFMA? 2 Programme structure 4 Overview of the modules 6 Your future starts here 9 Key benefits of the HFMA qualifications Providing you with a route to achieving an MBA in healthcare finance Gain masters-level qualifications via flexible online learning Develop your understanding of how to address the financial and business challenges facing today s health and social care market Participate in a programme from a highly respected source of training, education and professional development Study a range of challenging and relevant topics that will enhance your knowledge, broaden your horizons and help to improve your career prospects Learn from highly experienced experts in the field of healthcare and finance. Choosing to study for a qualification is a serious decision. HFMA s brand new masters-level programme in healthcare business and finance is demanding and will challenge you, but its flexibility helps to make it an achievable and worthwhile investment. Successful completion will mean you will be well placed to further develop your career in healthcare and set you well on the way to achieving a full MBA in healthcare finance. HFMA Qualifications in Healthcare Business and Finance In response to the demand for practical and effective support for professionals in the NHS to deliver the sustainability and transformation agendas, my colleagues at HFMA have developed a set of unique, masters-level qualifications in Healthcare Business and Finance. The HFMA Diploma and Higher Diploma qualifications provide the opportunity to develop your knowledge and understanding of healthcare business and financial management both within and outside of the UK. You will analyse and evaluate complex issues and reflect on your own work based practice to develop innovative solutions and recommendations. The HFMA programme has been designed to fit around demanding careers and busy lives and offers online, flexible learning with access to support from tutors who have a wealth of NHS experience and expertise. The HFMA Diploma and Higher Diploma qualifications are aimed at a wide range of professionals working in healthcare or a related field. This includes finance staff at all levels, general management, clinicians, nurses, GPs, practice managers, other healthcare professionals and non-executive directors. I hope this prospectus gives you a flavour of what our qualifications offer and that you will be eager to join us on your journey to academic excellence. The HFMA programme has been designed to fit around demanding careers and busy lives and offers online, flexible learning with access to support from tutors who have a wealth of NHS experience and expertise. NHS Improvement fully supports the launch of HFMA s Qualifications in Healthcare Business and Finance. This approach to developing necessary knowledge, to deliver value across the NHS will be welcomed by the healthcare community. Register your interest You can register your interest for this programme online at qualifications or qualification.enquiry@hfma.org.uk and receive HFMA updates as well as a downloadable version of this document. Bob Alexander, Deputy CEO/Executive Director of Resources, NHS Improvement

3 2 Masters-level Qualifications in Healthcare Business and Finance Masters-level Qualifications in Healthcare Business and Finance 3 Why study with HFMA? Studying our diploma or higher diploma will develop your understanding of healthcare business and financial management. A qualification from HFMA will support you in delivering value in your place of work and could lead you on to an MBA with our partner university. About HFMA HFMA is the professional association for NHS finance and wider healthcare community. With more than six decades of experience and serving 12,000 members from finance, clinical and other professional areas, the association is widely recognised as the voice of NHS finance. We are a provider of outstanding training and personal development for finance and non-finance healthcare professionals throughout the UK. HFMA s qualifications have been designed and written by respected experts with decades of experience at a senior level in healthcare. Learners will benefit from studying In 2015/16 HFMA delivered: 105,405 CPD hours 11,702 e-learning modules 150+ events a highly relevant and challenging syllabus as well as having the opportunity to transfer and use their learning in a working environment. You may be a clinician looking to enhance your business and financial skills. Or perhaps you are working in a healthcare finance team and are looking to develop your career into a more senior role. Whatever your situation, the HFMA qualifications programme provides the perfect opportunity to strengthen your development and learning. 40 webinars We received good or excellent feedback from an average of 98% of our learners As someone from a clinical background in the NHS, I recognise the importance of HFMA launching the Diploma and Higher Diploma in Healthcare Business and Finance as a tool for development and delivering value. Sanjay Agrawal, Consultant Respiratory Intensivist, University Hospitals of Leicester NHS Trust Why HFMA qualifications are for you The knowledge you need From the outset your studies will be focused on the delivery of healthcare services and you will be supported by tutors who have many years of practical experience of working in the sector. If your current role is in healthcare then almost everything you learn will have direct relevance to your job and help you to deliver value to your organisation. Masters-level qualifications Our qualifications are all at masters-level and completion of the HFMA level 7 diploma and/or higher diploma will enable students to move on to the final stage of an MBA qualification with our partner university. Programme of study The HFMA programme provides a flexible and comprehensive study route. The curriculum has been carefully designed with NHS partners who have all worked at the frontline of healthcare or social care many of them as board directors and CEOs meaning their teaching is grounded in real experience. With its online learning approach, the HFMA programme offers ultimate flexibility to fit alongside busy working lives and match a variety of learning styles. Your studies will be focused on the delivery of healthcare services and you will be supported by tutors who have many years of practical experience of working in the sector. The HFMA Academy Online learning environment The HFMA Academy s online learning environment gives you the platform to carry out your study with easy access to learning resources, supporting tools and discussion forums to communicate with your tutors and student peers. Our courses are delivered through: Online seminars Extensive resource libraries Networking opportunities. Support and guidance The HFMA Academy provides an exceptional online learning environment with regular contact time for discussion with tutors and fellow students. You will also be able to contact your tutors directly for learning support. Each qualification is supported by a programme lead and a number of dedicated module leaders. Who are the qualifications aimed at? Finance staff in healthcare Clinicians and clinical professionals NHS healthcare professionals and managers Professionals working in a healthcare related role. Find out more online at If you do not currently work in healthcare, or you have less than two years experience in a healthcare related environment, you can apply to study for HFMA s Certificate How Finance Works in the NHS. On successful completion of this certificate learners will be eligible to transfer to the HFMA Diploma.

4 4 Masters-level Qualifications in Healthcare Business and Finance Masters-level Qualifications in Healthcare Business and Finance 5 Programme structure D Diploma in Higher Diploma Healthcare HD in Healthcare MBA Business and Finance Business and Finance Move on to complete a full MBA in healthcare finance Learners must successfully complete three 20 credit modules. The core module C1 must be studied first, followed by your choice of two optional modules. All healthcare professionals who can demonstrate through their application that they can work at masters-level. Candidates with less than two years of professional experience in healthcare will need to complete the core module C1 before they can register for the Diploma in Healthcare Business and Finance. 60 credits C1 How Finance Works in the NHS Learners must successfully complete a further three 20 credit optional modules in addition to the three modules that they completed at the diploma stage. Alternatively, learners must be qualified to be awarded a 60 credit transfer. Successful completion of HFMA Diploma (60 credits); or professionally qualified accountants* with at least two years recent post-qualification experience in healthcare or a related field may be eligible to be awarded a 60 credit transfer and gain direct entry to the Higher Diploma in Healthcare Business and Finance. *CCAB or CIMA qualified accountants 120 credits cumulative Achieving 120 credits enables access to the full MBA, where you will study for a further 60 credits (180 credits cumulative). Students who have successfully completed the HFMA Higher Diploma in Healthcare Business and Finance. 180 credits cumulative MBA project (60 credits) Having successfully achieved the HFMA higher diploma, you will have the opportunity to approach BPP University for admission onto their MBA programme in healthcare finance to gain a full MBA. If you wish to find out more please us at qualification.enquiry@hfma.org.uk s are: Also available: HFMA Certificate in Healthcare Business and Finance O1 Managing the Healthcare Business O2 Personal Effectiveness and Leadership 03 Tools to Support Decision-Making 04 Creating and Delivering Value in Healthcare 05 Comparative Healthcare Systems As an alternative to the diplomas, learners can choose to complete a maximum of two individual certificates. They must successfully complete the core module C1 before studying for any other individual module/certificate. Further study requires transfer to the diploma or higher diploma (if eligible). Such transfer must take place within two years of commencing the first certificate. Module C1: Anyone who can demonstrate through their application that they can work at masters-level Modules O1 O5: Successful completion of module C1.

5 6 Masters-level Qualifications in Healthcare Business and Finance Masters-level Qualifications in Healthcare Business and Finance 7 Overview of the modules Each module includes up to ten topics and is supported by a series of key resources and assessments, assisting you in building your knowledge of each topic and challenging your thinking through critical analysis. C How Finance Works in the NHS Managing the Healthcare Business Personal Effectiveness and Leadership Tools to Support Decision-Making In a rapidly changing NHS, this module gives the context for understanding healthcare business and finance. This is key to recognising how finances and financial pressures can affect patients and minimising their negative impact. In order to keep expenditure within the resources available, the NHS must do things differently. This means working increasingly closely with social care, new ways of delivering care and in England, the urgent implementation of the Five Year Forward View. This module will help the learner to understand who does what and why in the NHS and how the money flows from HM Treasury to NHS organisations. It will also provide insight into what needs to change and the barriers to making that happen. The NHS in England The devolved nations Arm s length bodies Commissioning healthcare Providing NHS services How NHS services are paid for Primary care Revenue and capital Local government Integration. NHS healthcare providers in England finished 2016/17 with a significant deficit 791m. Although the NHS in England saw more patients than ever, it has come at a financial cost. Public sector organisations cannot spend more money than they have available without significant system-wide consequences. When there is the need and demand to do more with no additional resources, managing the money that is available is vital in demonstrating that public money has been used wisely and well and for its intended purpose. Public sector organisations cannot simply spend what they like; they must plan how their resources will be used to meet their objectives and report what actually happens to the Government and the public. This module will help the learner to understand: how planning, reporting and governance arrangements in the NHS help organisations to establish an agreed way forward, aims and objectives, how they will be achieved and by when, a framework for day-to-day decisions and be accountable for their performance. Introduction to business finance and planning Introduction to interpreting accounts and costing Business and financial challenges and planning Facilitating approaches to budgets and financial analysis Charitable funds Attaining a micro perspective on financial accounting Attaining a macro perspective on financial accounting Local collectivised governance and audit Governance models and their effectiveness Leaders and aspiring leaders in today s NHS face immense challenges that require particular personal and professional characteristics. As part of the management structure, faced by multiple and competing demands and priorities and as pressure on public finances increases, innovative approaches, drive and the ability to make things happen are paramount. In a world of media, regulator and public scrutiny, this module will help the learner to greater self-awareness, an understanding of approaches to personal effectiveness and leadership in order to support the overriding objective of the NHS to deliver high quality care for all. Different leadership approaches Leadership in context Leadership competencies and behaviours Leading motivation and handling conflict Leading the role of communication Managing teams leading for high performance Approaches to influencing Planning and prioritising under pressure Commitment and confidence Presenting effectively. Better data and better use of that data are vital in a complex healthcare system needing to deliver more for less year on year. Data is used to improve services, better understand patient needs, support new payment approaches and planning, monitor and manage performance. In order to determine the best course of action and what is best for the patient, both for individual and organisational decisions, high quality data is needed and needs to be used. All decisions should be well-informed for example, at what point should a service be switched off? Is a service or an organisation operationally and financially sustainable? Which pathway of care is best for this person? This module will enable the learner to examine tools to support decision-making in terms of information, data, performance indicators and benchmarking the NHS is underpinned by a plethora of data, not all of which is used to maximum advantage. Decision-making Information systems and how they can support decision making in healthcare Primary sources of comparative data and other valuable information Compiling and presenting information Performance indicators and benchmarking Investment/disinvestment process and governance Business planning Ethical and professional considerations Negotiating and managing internal and external relationships Risk management and assurance framework. Review and case study.

6 8 Masters-level Qualifications in Healthcare Business and Finance Masters-level Qualifications in Healthcare Business and Finance 9 I fully support the launch of HFMA s Qualifications in Healthcare Business and Finance as a tool for finance staff at all levels to develop to their full potential and deliver best value in their workplace. Sue Jacques, Chief Executive, County Durham and Darlington NHS Foundation Trust Your future starts here Fees and funding 04 Creating and Delivering Value in healthcare 05 Comparative Healthcare Systems How to apply Contact us to request an application form on or qualification.enquiry@hfma.org.uk Submit your application via to admissions@hfma.org.uk HFMA Higher Diploma in Healthcare Business and Finance (60 credits): Total cost: 4,000 +VAT Registration fee: 400 (payable as a deposit after application has been approved) Three outstanding issues are well recognised in today s healthcare systems. The first is huge and unwarranted variation in access to services and the associated quality, cost and outcomes. This gives rise to the second and third issues: overuse resulting in waste i.e. anything that does not add value to the outcome for patients; and underuse in that the potential of technology is not fulfilled. Improving value is a high priority in the NHS. Given rising need and demand for healthcare with no additional resources, the focus must be on delivering better value for individuals and populations. Covering issues raised by health economics, the allocations process and patient-level cost and outcome data, the learner will be able to see how the NHS can improve the quality of care to deliver the best possible outcomes for patients using scarce resources, sustainably and the important role of the board in driving this change. The learner will also explore the role of the Board in balancing competing priorities and seeking better value in healthcare. Defining value in healthcare finance Allocation policy and its impact on value The use of NHS payment systems to drive value and change behaviours NHS cost behaviour analysis and its contribution to generating value NHS improvement techniques efficiency, productivity and quality Investment and disinvestment decision making in the NHS Working with the private sector to add value to the NHS Measuring outcomes and taxpayer value Board level decision making for value. A healthcare system is a dynamic network of agents acting in parallel, constantly reacting to what the other agents are doing, which in turn influences behaviour and the network as a whole. Healthcare systems across the world are all faced with and tackle the same issue: how to meet increasing healthcare needs with limited resources in a way that is both qualitatively and financially sustainable. Sustainability needs to be addressed in terms of individual organisations, local geographical areas and for the healthcare system overall. This module will enable the learner to explore how this is tackled across the United Kingdom and in other parts of the world, identifying success and failure and contemplate where the NHS goes next when it is clear that it cannot provide everything for everyone for ever. Elements of a healthcare system Healthcare systems nearer to home in the devolved nations Classification of healthcare systems and their funding systems Country reviews International comparisons of health expenditure and their sensitivity to global/local recession and growth Impact of lifestyle, ageing populations, ageing, new technologies and expertise on health expenditure The fiscal sustainability of health systems Global trends in healthcare Integrated care: Review of integrated care approaches Issues facing emerging countries. Required supporting documents for your application: Statement from your line manager/reference of employment experience where relevant Certification of accountancy qualification (if applicable). On acceptance of your application, you will be notified and required to pay a non-refundable registration fee. Full tuition and assessment fees will also need to be paid before the start of the programme. Starting the programme There will be three entry points throughout the year you can find more information on this at education-events/qualifications HFMA Diploma in Healthcare Business and Finance (60 credits): Total cost: 4,000 +VAT Registration fee: 400 (payable as a deposit after application has been approved) HFMA Certificate : Total cost: 1,500 +VAT Registration fee: 150 (payable as a deposit after application has been approved) Assessment only route HFMA Certificate Total cost: 675 +VAT HFMA Diploma & Higher Diploma Total cost: 1,650 +VAT (per assessment Full payment is required before the start of your course. To find out more, call or visit Applications open now

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