Clinical Costing Fundamentals and Analyses

An ageing and growing population, increased prevalence of chronic diseases, and technology-aided advances in treatment contribute to the rise in healthcare costs globally each year. To deliver optimal healthcare performance management, accurate and detailed information on cost, revenue and clinical outcomes is required. Understanding how clinical costing information is developed, determined, utilised and allocated will ultimately empower healthcare professionals to deliver value-based care.

This course comprehensively covers the fundamentals of clinical costing datasets in public hospitals from theory, philosophy to practice. The course explores how financial information aligns with clinical information to establish the cost and identify potential revenue associated with specific clinical tasks. Practical examples of clinical costing in action, including how to analyse and interpret cost data to develop a business case, is provided.

Designed For

This course is suitable for Medical Doctors. Clinical Costers, Cost Analysts, Students, Nurses, Trainees and Allied Health Professionals with an interest in clinical costing.

Learning Outcomes

1. Understand the theory, philosophy and practice of clinical costing systems and datasets
2. Understand how information from finance, human resources, ancillary and clinical services are linked
3. Gain knowledge on clinical costing standards which underpin cost allocations
4. Gain knowledge on how clinical costing datasets are used in practice

Course Units

• Tutorial 1: Why clinical costing is important?
• Tutorial 2: The background of clinical costing
• Tutorial 3: Clinical costing starts with finance
• Tutorial 4: Where the clinical services are
• Tutorial 5: Mapping clinical services to the dollars
• Tutorial 6: Clinical costing standards, reporting and analyses
• Tutorial 7: Funding and revenue allocation

Knowledge and Skills

• Practical application and working knowledge of the fundamentals of clinical costing
• Comprehensive understanding of the importance of clinical costing datasets in healthcare cost-effectiveness analyses
• Effective working knowledge of clinical costing standards and reporting requirements
• Understanding of financial and clinical information systems

Assessment

A certificate will be issued on successful completion of 7 self-assessment units and 10 case studies.

Delivery Mode

Course completion requires approximately 10 hours of eLearning. This course is delivered online and students can study in their own time and location. Course materials can be accessed using a web browser.

Authors

• Stephen Cole, Director - ABF Financial Reporting | Financial Services Gold Coast Health, Gold Coast University Hospital
• Dr Jason Wang, Registrar, Austin Health
• Yvonne Ballueer, Nurse Unit Manager, Intensive Care Unit, Austin Health

Application Procedure

Click on the ‘Enrol now’ button to be guided to the application form.