HML504 Financial Management in Health Services (8)

This subject provides students with an opportunity to explore future trends and challenges in health care funding and to learn to develop budgetary strategies and financial management strategies. Students develop a business plan related to their current or future health management or leadership context and role, learn how to respond to challenging financial circumstances and to present a cogent argument for a renegotiated budget.


Session 2 (60)
Bathurst Campus

Continuing students should consult the SAL for current offering details: HML504. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Biomedical Sciences

Enrolment Restrictions

Students enrolled in the Graduate Diploma in Health Management and Leadership, Master of Health Management and Leadership or with CD approval.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to critically analyse future trends and challenges in health care funding;
  • be able to create strategies for operational budget and non-budget control;
  • be able to plan and manage a financial budget through the application of key accounting principles and financial management tools;
  • be able to develop financial strategies for challenging circumstances and present a cogent argument for a renegotiated budget; and
  • be able to write a business plan.


This subject will cover the following topics:
  • Health care funding internationally;
  • Health care funding models;
  • Trends and challenges in health care funding;
  • Strategies for budget control and for working within a budget;
  • Managing a budget under challenging circumstances;
  • Renegotiating budgets; and
  • Accounting principles and financial management tools.

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.