Financial Management for Health Institutions Training in Tbilisi

Program Date

22 Jul 26 Jul 2024

Program Location

Tbilisi, Georgia

Program Venue

Regus Tbilisi - Vazha Pshavela

Registration & Payment Deadline

31 May 2024

Program Overview

Health institutions should be pre-eminent in multiple areas. Whilst delivering the quality, safety and successful clinical outcomes, they should maintain profitability and sustainability in the long term. Various decisions made by institutions’ management will lead to different financial implications, hence effective financial management system has to be present in order to maintain the financial viability of the organization and make sound decisions for the future.

Financial Management for Health Institutions Training in Tbilisi, Georgia teaches critical skills for analyzing and working within the health care industry, providing the comprehensive coverage of major essential concepts, methods and models required by both financial and non-financial managers that are working in various types of healthcare institutions. The sessions will focus on the economic and financial drivers of health care system including private and public financing and delivery models.

Target Audience

Financial Management for Health Institutions Training in Tbilisi, Georgia is an ideal suit for:

  • Middle to senior level health managers who are responsible for program administration in health organizations
  • Administrators and consultants who manage project budgets or finance
  • Doctors
  • finance managers or professionals who would like to acquire the knowledge of financial management specifically in health sector context
  • Anyone who intends to build or enhance their understanding of financial management of health institutions.

Program Objectives

Upon successful completion of this course the participants will have a quality understanding of:

  • Basic concepts of financial management
  • Effective Strategies that can improve the financial management of health programs and services
  • Various tools in the cost monitoring of health services
  • Cost data in planning and service development
  • How to Analyze, interpret and produce different financial statements.

Program Contents

  • Introduction to Financial management
  • Fundamentals of Healthcare Finance
  • Budgeting & costing of health care services
  • Global patterns of health care expenditure
  • Economics of health systems and health financing
  • Market failure
  • Measuring Financial performance in Healthcare
  • Planning, Managing & Controlling the money
  • Measuring, Understanding & Reducing Healthcare Costs
  • Pricing Healthcare Services and Planning for Healthcare Investments
  • Direct costs and Indirect costs
  • Incorporating budget justifications
  • Direct payment and user fees (elasticity, empirical, implementation and exemption mechanisms)
  • Developing cash-flow budgets
  • Public-private mix
  • Introduction to insurance
  • Comparative analysis of different insurance models
  • Health care system & Hospitals
  • National health accounts
  • Financial Functions, processes and procedures
  • Financial Planning and budget calculation
  • Management Accounting and Controlling
  • Cash flow management
  • Tools for Financial Analysis and Decision making
  • Introduction to the economic evaluation of health programs
  • Producing financial reports
  • Laws and regulations.

Program Methodology

The presenter will apply modern training and adult learning techniques in order to maximize the level of comprehension for the attendees. The methods deployed will involve: presentation, open discussion, group and individual assignments, task visualization, numerical examples, case studies and a field visit. The approach taken will be more practical in order to ensure the instant appliance of the knowledge gained through the sessions at the workplace.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report