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Integrated course: Prevention and Health Services
Module business economics

Academic Year 2023/2024 - Teacher: FABIO LA ROSA

Expected Learning Outcomes

The course aims to provide students with a basic knowledge of business administration with particular regard to healthcare companies and the relationships that the healthcare company has with its stakeholders. The course will focus on the economic components of the health care system, with the aim of initiating students to the knowledge and understanding of the main problems and tools of health care systems, the interactions in health care between planning, evaluation, organization and management, the main methods and tools of governance for the management of health care companies.

Course Structure

The course will include lectures with the aid of MS-power point.

Required Prerequisites

None.

Attendance of Lessons

Mandatory

Detailed Course Content

FOUNDATIONS FOR THE GOVERNMENT OF HEALTHCARE COMPANIES
  • The principles of corporate governance and the autonomy principle of healthcare companies
  • Healthcare seen through the eyes of economists
  • Financing of the NHS
  • Business success and entrepreneurial formula
THE PROCESS OF CORPORATIZATION OF HEALTHCARE STRUCTURES: GENERAL AND ANALYTICAL ACCOUNTING
  • The financial statements and its limits. The financial statements of a healthcare company
  • Analysis of the balance sheet and income statement
  • Self-financing
  • The budget
  • Cost analysis (direct and indirect costs) and allocation criteria
  • Cost analysis (fixed and variable costs) and the profitability diagram
  • Management control as a system

Textbook Information

  • Sorci C., Lezioni di Economia aziendale, Giuffrè, Milan, (second edition) 2014, part I, ch. 2 and 5; part II, ch. 1, 2, 3, 4 and 5; part III, ch. 1, 2 and 7.
  • Zangrandi A., (2010). Economia e Management per le professioni sanitarie. McGrawHill, ch 1.
  • Slides provided by the teacher.



AuthorTitlePublisherYearISBN
Zangrandi A.Economia e Management per le professioni sanitarieMcGrawHill2010
Sorci C.Lezioni di Economia aziendaleGiuffrè2014

Course Planning

 SubjectsText References
1Basic principles of business governanceSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part I, ch. 1
2Healthcare seen through the eyes of economists Zangrandi A., (2010). Economia e Management per le professioni sanitarie. McGrawHill, ch. 1
3Business success and the entrepreneurial formulaSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part I, ch. 5
4Financial statements: composition, limits and analyis of the balance sheet and income statementSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part II, ch. 1, 2 and 3.
5The self-financingSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part II, ch. 4
6The budgetSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part II, ch. 5
7Cost analysis: the allocation criteria of indirect costsSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part III, ch. 1
8Cost analysis: the profitability diagramSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part III, ch. 2
9Management control as a systemSorci C., Lezioni di Economia aziendale, Giuffrè, Milano, 2014 (second edition), part III, ch. 5

Learning Assessment

Learning Assessment Procedures

Written exam: 10 multiple choice questions, each worth 3 points; the test is passed with at least 6 correct answers; test duration: 30 minutes.

Examples of frequently asked questions and / or exercises

  • What are the basic principles of governance?
  • What are the funding criteria of the NHS?
  • What do DRG and LEA mean?
  • What are the characteristics of the financial statements of a healthcare company?
  • What variables are present in the profitability diagram?
  • What are the main criteria for allocating indirect costs?

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