Hospital Economics, Finance and Budgeting

At the end of the course, the student should be able to: 1. describe theories of hospital finance and budgeting at the federal, state and local government levels; 2. develop a realistic budget for the hospital; and 3. implement budget effectively and efficiently.

Hospital finance and budgeting. Its definition, content, conceptual clarifications, theories and the essence of hospital finance and budgeting at the federal, state and local government levels. Sources of management of hospital finances. Socio-political and welfare aspects of budgeting are equally significant and relevant. The study of modern hospital management economic strategies as tools for development in the health sector. Emphasis on privatization for effective and efficient management of the country’s health care resources.