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​Dollars and sense: leadership in the delivery of cost-effective health care

This course is also available in a 6-week online format. Register below or contact us to find out more. Participants need to be a CMA member to access the course through the CMA’s learning management system (LMS).

Please click to view computer requirements for online courses.


How much is enough health care? Just how many tests should be ordered? Is the care cost-effective? In this course, you will learn how to resolve these and other fundamental economic dilemmas in health care. Participants discover how to interpret financial statements, identify high-performing hospitals and determine the real costs of choosing among alternatives, such as “fix versus replace.” Looking at how costs behave (or don’t behave), you’ll be able to calculate a contribution margin, understand the concept of break even and determine the optimal action when resource demand exceeds availability — a reality in today’s environment. Real-life examples in health care will challenge you to make appropriate decisions based on sound economic and accounting principles.

Return on investment

  • Explain how the fundamental principles of economics shape the health care system.
  • Analyze and interpret financial statements for a health care organization.
  • Apply economic evaluation and accounting principles when making decisions.
  • Discuss the interaction of ethics, autonomy and allocation in health care.
  • Practise financial decision-making that maximizes quality of care in times of scarcity and competing alternatives.

The course involves hands-on work with financial spreadsheets: participants should bring a laptop with Excel installed.

Duration

2.5 days

Maximum class size

25 participants

Faculty team

Jeffrey Hoch, PhD
Ian McKillop, PhD, FRSPH


Dates, prices and to register


For open-enrolment PLI course information please call 800-663-7336 x8455 or e-mail pli@cma.ca.