About the Special Executive Masters Programme

The MSBM Special Executive Masters Programme is short certificate modules designed for anyone who would benefit from more in-depth business knowledge delivered in a short and intensive Programme. This Programme is suitable for successful professionals or specialists in the private, public or non-profit making sectors that have new management responsibilities and need to quickly expand their management knowledge.

The (SEMP) Programme serves as a refresher course for those who have had their Masters a long time ago and need a quick reminder or as an academic update while it serves as a crash Programme for those very experienced professionals who never made time out for their masters yet they require the academic and practical relevance of this masters’ experience. It is a good Programme for individuals who are newly promoted to the managerial post, the program enables them to acclimatize to the new position as well as help them intake the right decisions.

Objectives

The primary objective of this course is to enhance cost control management skills among decision-makers in the hospital, especially leaders who are primarily responsible for financial decisions.

Participants will also be able to:

• Participate actively in financial decision making that affects their department, like budgeting and forecasting
• Understand the strategic role of basic cost concepts
• Explain cost-driver concepts at the activity, volume, structural, and executional levels
• Explain the cost concepts used in product and service costing
• Identify the different ways to calculate the true cost and understand the real cost to their organization for delivering patient care
• Control those costs effectively to assure sustainable profitability and growth

Who should attend?

The Healthcare Management Course is appropriate for all professionals working in the healthcare/ hospital operations who need basic knowledge and a better understanding of healthcare cost management, especially the following: 

• Operations Manager
• Chief Financial Officer
• Chief Executive Officer
• Chief Quality Officer
• Director of Organizational Development
• Performance Improvement staff
• Administrative Director
• Risk Management Staff
• Department Head
• Patient Safety Officer

It will also benefit finance managers who have recently moved into the healthcare industry, who need to understand and practice how to apply cost control essentials in a healthcare context.

 

Modules

During this practical training course on Healthcare Management, participants will be able to learn how to identify the primary areas where excess expense typically occurs in healthcare. In addition, they will be able to design an approach for identifying and eliminating waste in their organizations that engages the front line and results in improved quality and reduced costs.

Day 1: Cost Management

Direct vs. Indirect Costs

Management Influence on Cost Behaviour

Fixed Costs and Variable Costs

Cost Hierarchy

What is the Value of ABC?

When Would ABC be most useful?

Cost Management Processes

 

Day 2: Implementation of Cost Management Processes

Metrics for Cost Analysis

Cost Volume Profit (CVP) Analysis

Assumptions of CVP

The Basic CVP Model

Extensions of the Basic CVP Model

Make vs. Buy (Outsourcing)

Performance Improvement

 

Day 3: Economic Characteristics of Costs

Relevant Costs for Decision Making

Short-run vs. long-run

Pitfalls to avoid

10 ways to improve healthcare cost management

Report results using a balanced scorecard technique

Adopt benchmarking

Costs for Strategic Decision-Making

 

Day 4: Costs and Business Pressures

Cost containment strategies

Health issues around the world

Healthcare market

Health risk

Employment challenges

Lifestyle and chronic disease

Preventing and managing claims

 

Day 5: Encourage Healthy Behaviours

Incentive and Knowledge

Combating Rising Employee Health Care Costs

Cost Shifting Versus Cost Management

Ways to Differentiate your Healthcare Program

Employee Assistance Plan (EAP)

Health Portal

Health Risk Assessment (HRA)

The content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.

There is no strict Academic Requirement for this Programme as it is a Non-Credit Bearing Programme. However, Students are expected to have working experience as a Team Lead, Supervisor or Manager.

UAE VISA

Please check with your Country’s Ministry of Foreign Affair to know if you require a UAE VISA to come into the country. 

If you do require a UAE Visa, kindly send down the following documents:

- Editable application form including DOB, Email ID, contact no, home address & signature.
- Scanned copy of your International Passport Data Page.
- E-copy of your Passport Photograph.

Your Visa and Hotel Confirmation Slip, (if handled by us) along with your Joining Instructions would be sent to you before the program commences.

UK VISA

Please check with your Country’s Ministry of Foreign Affair to know if you require a UK VISA to come into the country. 

If you do require a UK Visa, kindly note that you are required to handle this on your own without any recourse to us.

We advise that Delegates already hold a UK Visa with at least 3 months' validity before registering for the Programme.

Your Hotel Confirmation Slip, (if handled by us) along with your Joining Instructions would be sent to you before the program commences.