Applied Finance Management

  • European Master in Health Economics and Management
Course unit code
  • IHSM-EU-HEM-E3.3
Level of course unit
  • Master
Semester when the course unit is delivered
  • 3
Number of ECTS credits allocated
  • 5.0
Name of lecturer(s)
  • Wörndle Michael, PhD
Learning outcomes of the course unit
  • Students understand the fundamentals of finance management in healthcare
    Students have knowledge of different business models and payment systems
    Students can apply financial management tools and they can calculate real-life projects within the healthcare sector
    Students understand the basics of medical controlling and quality management
Mode of delivery
  • -
Prerequisites and co-requisites
  • none
Course contents
  • Business Models and Hospitals
    Hospital Payment Systems
    Decision Analysis
Recommended or required reading
  • Kaplan, R. & Norton, D. (1992) The Balanced Scorecard—Measures That Drive Performance. Harvard Business Review, 79.
    Morschett, D., Schramm-Klein, H., & Zentes, J. (2015). Strategic International Management. Springer Fachmedien Wiesbaden.
    Pflueger, D. (2015). Accounting for quality: On the relationship between accounting and quality improvement in healthcare. BMC Health Services Research, 15, 178.
    Porter, M. E & Lee, T. H. (2013). The Strategy That Will Fix Health Care. Harvard Business Review (October 2013).
Planned learning activities and teaching methods
  • The course comprises an interactive mix of lectures, discussions and individual and group work.
Assessment methods and criteria
  • To monitor the students’ learning this course will provide ongoing assignments as a basis for feedback and grading (formative assessment) and/or will evaluate the students learning at the end of the course or an instructional unit via exams, final project reports, essays or seminar papers (summative assessment).
Language of instruction
  • English