The LICQual Level 6 Diploma in Healthcare Financial Analysis is a specialist qualification designed for healthcare and finance professionals seeking to advance their careers, broaden their expertise, and enhance their Continuing Professional Development (CPD). This advanced diploma equips learners with the knowledge and practical skills required to analyse healthcare financial data, interpret key performance indicators, and support strategic decision-making within healthcare organisations.
Learners will explore the principles of healthcare financial management, budgeting, cost analysis, and resource allocation. The programme emphasises analytical techniques, financial reporting, and risk assessment, enabling learners to evaluate organisational performance, optimise resource utilisation, and contribute to sustainable healthcare delivery.
This qualification is ideal for experienced finance managers, accountants, healthcare administrators, and operational leaders who wish to take a strategic role in financial planning and decision-making within healthcare settings. It is not intended for entry-level candidates; learners are expected to have a foundational understanding of finance or healthcare operations.
Centres delivering the LICQual Level 6 Diploma must maintain high standards of training provision. They are required to employ competent and qualified staff, provide all necessary learning materials, and ensure access to relevant financial software and tools. This guarantees learners receive a high-quality educational experience that meets international standards and supports professional growth within the healthcare finance sector.
Course Overview
Qualification Title
LICQual Level 6 Diploma in Healthcare Financial Analysis
Total Units
6
Total Credits
120
GLH
480
Qualification #
LICQ2200787
Qualification Specification
To enroll in the LICQual Level 6 Diploma in Healthcare Financial Analysis , applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200787-1 |
Principles of Healthcare Financial Management |
20 |
80 |
|
LICQ2200787-2 |
Budgeting and Resource Allocation |
20 |
80 |
|
LICQ2200787-3 |
Financial Reporting and Analysis |
20 |
80 |
|
LICQ2200787-4 |
Healthcare Costing and Risk Management |
20 |
80 |
|
LICQ2200787-5 |
Strategic Healthcare Financial Planning |
20 |
80 |
|
LICQ2200787-6 |
Project and Change Management in Healthcare Finance |
20 |
80 |
By the end of this course, learners will be able to:
Unit 1: Principles of Healthcare Financial Management
- Understand the core principles and concepts of financial management in healthcare.
- Identify the roles and responsibilities of finance professionals within healthcare organisations.
- Analyse the impact of financial planning and control on healthcare operations.
- Evaluate key financial concepts such as cost, revenue, budgeting, and forecasting.
- Apply strategic financial decision-making techniques to support organisational objectives.
Unit 2: Budgeting and Resource Allocation
- Understand the processes of preparing, managing, and monitoring healthcare budgets.
- Analyse models and techniques for effective resource allocation.
- Apply cost-benefit and cost-effectiveness analysis in financial decision-making.
- Evaluate expenditure control mechanisms and budget monitoring processes.
- Assess financial prioritisation strategies for optimising healthcare service delivery.
Unit 3: Financial Reporting and Analysis
- Understand the principles of financial reporting and relevant accounting standards.
- Prepare and interpret financial statements for healthcare organisations.
- Analyse financial performance using key performance indicators (KPIs).
- Conduct ratio analysis, trend analysis, and benchmarking for decision support.
- Communicate financial information effectively to management and stakeholders.
Unit 4: Healthcare Costing and Risk Management
- Understand methods of healthcare costing, including activity-based and patient-level costing.
- Analyse direct and indirect cost allocation within healthcare services.
- Identify financial risks and evaluate their potential impact on healthcare organisations.
- Develop strategies to mitigate financial risks.
- Assess the effect of cost management on operational efficiency and service delivery.
Unit 5: Strategic Healthcare Financial Planning
- Understand the principles of long-term financial planning and forecasting.
- Evaluate capital investment appraisal and funding options for healthcare projects.
- Apply financial modelling techniques to support strategic decision-making.
- Align financial strategy with organisational goals and objectives.
- Assess financial sustainability and the effectiveness of healthcare services.
Unit 6: Project and Change Management in Healthcare Finance
- Plan and implement financial projects in healthcare settings.
- Apply change management principles to financial initiatives.
- Develop budgets and financial plans for organisational change and innovation.
- Evaluate project outcomes, return on investment (ROI), and financial impact.
- Demonstrate leadership and effective communication in financial decision-making.
The LICQual Level 6 Diploma in Healthcare Financial Analysis is specifically designed for experienced professionals in healthcare and finance who wish to enhance their expertise, advance their careers, and contribute strategically to healthcare organisations. This course is ideal for:
- Healthcare Finance Professionals: Accountants, finance managers, and financial analysts working within hospitals, clinics, or healthcare organisations.
- Healthcare Administrators and Managers: Individuals responsible for budgeting, resource allocation, and financial oversight in healthcare settings.
- Operational Leaders in Healthcare: Professionals involved in strategic planning, financial decision-making, and performance management.
- Data and Compliance Officers: Individuals responsible for financial reporting, auditing, and regulatory compliance within healthcare organisations.
- Professionals Seeking Career Progression: Learners aiming to take on senior roles in healthcare finance, including financial planning, risk management, and strategic decision-making.
- CPD-Focused Professionals: Learners committed to Continuing Professional Development (CPD) who wish to enhance their knowledge and practical skills in healthcare financial analysis.
This diploma is not intended for entry-level learners and is tailored for individuals with prior experience or qualifications in finance, accounting, or healthcare management, ready to develop advanced expertise in healthcare financial analysis.
To ensure high-quality delivery and successful learner outcomes, centres offering the LICQual Level 6 Diploma in Healthcare Financial Analysis must meet the following requirements:
- Qualified and Competent Staff: Centres must employ trainers and assessors with relevant qualifications and professional experience in healthcare finance, accounting, and financial analysis. Staff should have the expertise to support Level 6 learners effectively.
- Comprehensive Learning Resources: Centres must provide learners with access to up-to-date textbooks, digital resources, financial software, and tools necessary for practical exercises, data analysis, and financial reporting.
- Appropriate Facilities: Training environments should include classrooms, computer labs, and secure IT systems that support hands-on activities, simulations, and online learning components.
- Assessment and Feedback Systems: Centres must implement robust procedures for formative and summative assessments, including project work, case studies, and written assignments, ensuring learners demonstrate competence.
- Commitment to Continuing Professional Development (CPD): Centres should support learners’ ongoing professional development through workshops, seminars, and access to industry updates in healthcare finance.
- Compliance with Regulatory Standards: Centres must adhere to national and international standards for training delivery, data protection, and quality assurance to maintain safe, effective, and ethical learning practices.
- Supportive Learning Environment: Centres must provide guidance, mentoring, and learner support services to facilitate successful course completion and career progression.
Meeting these centre requirements ensures that learners receive a professional, high-quality educational experience, equipping them with the advanced skills and knowledge necessary to excel in healthcare financial analysis roles.
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.
