The LICQual Level 6 Diploma in Health Economics is a specialised qualification designed for healthcare and public health professionals seeking to advance their expertise in the economic aspects of healthcare. This advanced diploma equips learners with the knowledge and analytical skills required to evaluate healthcare systems, assess the cost-effectiveness of interventions, and apply economic principles to decision-making in healthcare policy and management.
This qualification is not intended for fresh candidates; it is specifically aimed at professionals who wish to enhance their career prospects, broaden their knowledge, and strengthen their Continuing Professional Development (CPD). Learners will gain an in-depth understanding of health economics, including health technology assessment, resource allocation, cost-benefit analysis, and economic evaluation methods, enabling them to contribute effectively to evidence-based healthcare decisions.
Centres offering the LICQual Level 6 Diploma in Health Economics must maintain the highest standards of education and training. This includes employing competent and qualified staff, providing comprehensive and up-to-date learning materials, and ensuring access to the resources necessary to support learner engagement and success. Such standards guarantee a professional learning environment where learners can develop both theoretical knowledge and practical expertise in health economics.
Completing this diploma empowers learners to take on senior analytical, advisory, or managerial roles within healthcare organisations, consultancy firms, or policy-making bodies. It combines rigorous academic content with real-world applications, preparing learners to make informed economic decisions that improve healthcare outcomes and organisational efficiency.
Course Overview
Qualification Title
LICQual Level 6 Diploma in Health Economics
Total Units
6
Total Credits
120
GLH
480
Qualification #
LICQ2200770
Qualification Specification
To enroll in the LICQual Level 6 Diploma in Health Economics, applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200770-1 |
Principles of Health Economics |
20 |
80 |
|
LICQ2200770-2 |
Health Technology Assessment (HTA) |
20 |
80 |
|
LICQ2200770-3 |
Costing and Resource Allocation in Healthcare |
20 |
80 |
|
LICQ2200770-4 |
Economic Evaluation Methods |
20 |
80 |
|
LICQ2200770-5 |
Healthcare Policy and Decision Making |
20 |
80 |
|
LICQ2200770-6 |
Data Analysis and Health Outcomes Measurement |
20 |
80 |
By the end of this course, learners will be able to:
Unit 1: Principles of Health Economics
- Understand the core principles and concepts of health economics.
- Explain the role of economics in healthcare decision-making and resource allocation.
- Analyse supply, demand, and market mechanisms in healthcare systems.
- Evaluate the impact of economic factors on healthcare delivery and policy.
Unit 2: Health Technology Assessment (HTA)
- Understand the purpose and scope of Health Technology Assessment in healthcare.
- Analyse methods for evaluating medical technologies, treatments, and interventions.
- Apply HTA findings to support policy and organisational decision-making.
- Assess the cost-effectiveness, safety, and efficacy of healthcare innovations.
Unit 3: Costing and Resource Allocation in Healthcare
- Understand methods for calculating healthcare costs and budgeting effectively.
- Analyse strategies for efficient allocation of resources across services and programmes.
- Evaluate the economic impact of resource allocation decisions on healthcare outcomes.
- Apply cost management principles to improve operational efficiency in healthcare organisations.
Unit 4: Economic Evaluation Methods
- Understand key economic evaluation techniques, including cost-effectiveness, cost-benefit, and cost-utility analyses.
- Apply evaluation methods to assess healthcare interventions and programmes.
- Interpret economic models to inform strategic healthcare decisions.
- Critically appraise evidence to support data-driven healthcare planning.
Unit 5: Healthcare Policy and Decision Making
- Understand how economic principles influence healthcare policy and strategic planning.
- Analyse the economic implications of policy decisions at organisational and national levels.
- Apply evidence-based approaches to support decision-making in healthcare.
- Evaluate the role of health economics in shaping effective and sustainable healthcare policies.
Unit 6: Data Analysis and Health Outcomes Measurement
- Collect and analyse healthcare data to inform economic and clinical decisions.
- Measure and interpret health outcomes to evaluate service effectiveness.
- Apply data-driven insights to improve efficiency and patient care.
- Use statistical and analytical tools to support evidence-based health economic evaluations.
This advanced qualification is specifically designed for professionals who want to deepen their expertise in health economics and advance their careers in healthcare, policy, and management. Learners who will benefit most include:
- Healthcare Economists and Analysts: Professionals working in hospitals, public health agencies, or consultancy firms who analyse healthcare costs, efficiency, and outcomes.
- Healthcare Policy Makers: Individuals involved in planning, developing, or implementing healthcare policies and resource allocation strategies.
- Health Service Managers: Professionals responsible for operational planning, budgeting, and resource management in healthcare organisations.
- Public Health Specialists: Learners aiming to apply economic principles to improve population health and evaluate public health interventions.
- Consultants and Advisors: Professionals providing evidence-based recommendations on healthcare investment, cost-effectiveness, and service delivery optimisation.
- CPD-Oriented Professionals: Individuals committed to continuing professional development (CPD) and seeking to enhance their knowledge, analytical skills, and career progression in health economics.
This course equips learners with the theoretical knowledge, practical skills, and analytical expertise necessary to make informed decisions, optimise healthcare resources, and influence policy and strategy at both organisational and national levels.
To deliver the LICQual Level 6 Diploma in Health Economics effectively, training centres must meet the following standards to ensure a high-quality learning experience for all learners:
- Qualified and Competent Staff: Centres must employ trainers and assessors with relevant qualifications and extensive experience in health economics, healthcare policy, and data analysis. Staff should be capable of guiding learners through complex economic concepts and practical applications.
- Comprehensive Learning Materials: Centres should provide up-to-date learning resources, including textbooks, case studies, digital tools, and access to online learning platforms, enabling learners to engage fully with the curriculum.
- Access to Technology and Facilities: Centres must have adequate facilities, including classrooms, computers, internet access, and multimedia resources, to support both face-to-face and blended learning delivery.
- Robust Assessment and Support Systems: Centres must implement clear assessment procedures, provide timely feedback, and offer guidance and support to help learners achieve their learning outcomes and complete the qualification successfully.
- Commitment to Continuing Professional Development (CPD) and Best Practices: Centres should foster a culture of continuous professional development for both learners and staff, maintaining high standards in teaching, assessment, and industry relevance.
- Regulatory Compliance and Quality Assurance: Centres must comply with all relevant education regulations and quality assurance processes to uphold the credibility and integrity of the qualification.
Meeting these requirements ensures that learners receive a professional, structured, and supportive learning environment, enabling them to develop advanced skills in health economics, make data-driven decisions, and excel in senior roles within healthcare organisations, consultancy, or policy-making bodies.
Assessment and Verification
All units within this qualification are subject to internal assessment by the approved centre and external verification by LICQual. The qualification follows a criterion-referenced assessment approach, ensuring that learners meet all specified learning outcomes.
To achieve a ‘Pass’ in any unit, learners must provide valid, sufficient, and authentic evidence demonstrating their attainment of all learning outcomes and compliance with the prescribed assessment criteria. The Assessor is responsible for evaluating the evidence and determining whether the learner has successfully met the required standards.
Assessors must maintain a clear and comprehensive audit trail, documenting the basis for their assessment decisions to ensure transparency, consistency, and compliance with quality assurance requirements.
