LICQual Level 7 Postgraduate Diploma in Healthcare Financial Management

The LICQual Level 7 Postgraduate Diploma in Healthcare Financial Management is an advanced qualification specifically designed for professionals seeking to elevate their expertise in the financial management of healthcare organisations. This qualification is not intended for entry-level candidates; instead, it is aimed at experienced professionals who wish to enhance their career prospects, broaden their knowledge, and strengthen their Continuing Professional Development (CPD).

This comprehensive programme equips learners with the skills and knowledge required to effectively manage financial operations within complex healthcare environments. Learners will gain a deep understanding of budgeting, financial planning, resource allocation, cost analysis, and risk management tailored to the healthcare sector. By applying advanced financial principles and strategic decision-making, learners are empowered to drive efficiency, sustainability, and innovation within their organisations.

Centres delivering this Level 7 qualification must ensure the highest standards of learning. This includes employing competent and qualified staff who possess the expertise necessary to guide learners through advanced financial concepts. Additionally, centres are required to provide all essential materials and resources to facilitate an engaging and effective learning experience, enabling learners to achieve their full potential and succeed in their professional development.

This postgraduate diploma is ideal for healthcare managers, financial officers, and senior professionals looking to advance their careers while making a tangible impact on the financial health and operational success of healthcare organisations. By completing this programme, learners not only enhance their professional credibility but also position themselves as strategic leaders in healthcare financial management.

Course Overview

Qualification Title

LICQual Level 7 Postgraduate Diploma in Healthcare Financial Management

Total Units

6

Total Credits

120

GLH

600

Qualification #

LICQ2200805

Qualification Specification

Download Qualification Specification

To enroll in the LICQual Level 7 Postgraduate Diploma in Healthcare Financial Management, applicants must meet the following criteria:

  • Age Requirement: Applicants must be at least 21 years old.
  • Educational Requirements: A recognised Level 6 Diploma, Bachelor’s degree, or equivalent professional qualification in finance, healthcare management, or a related discipline is required. Learners without a formal qualification but with substantial professional experience may be considered on a case-by-case basis.
  • Experience: A minimum of three years’ professional experience in healthcare management, financial management, or a related senior operational role is highly recommended. This ensures learners can contextualise advanced financial strategies within real-world healthcare settings.
  • English Language Proficiency: Learners must demonstrate a high level of English proficiency in reading, writing, and speaking. Non-native English speakers may need to provide evidence through a recognized language test such as IELTS (minimum score of 6.0) or equivalent, or proof of prior education delivered in English.
  • Commitment to CPD: Learners are expected to actively engage in Continuing Professional Development (CPD) throughout the course, applying knowledge to improve their professional practice and organisational impact.
  • Access to Required Resources: Learners should have reliable access to necessary learning resources, including a computer, internet connection, and access to relevant financial and healthcare management tools. Centres must provide additional materials to support effective learning.

Qualification#

Unit Title

Credits

GLH

LICQ2200805-1

Strategic Financial Management in Healthcare

20

100

LICQ2200805-2

Healthcare Economics and Resource Allocation

20

100

LICQ2200805-3

Risk Management and Financial Governance

20

100

LICQ2200805-4

Advanced Budgeting and Financial Planning

20

100

LICQ2200805-5

Financial Decision-Making and Performance Measurement

20

100

LICQ2200805-6

Leadership, Ethics, and Strategic Management in Healthcare Finance

20

100

By the end of this course, learners will be able to:

Unit 1: Strategic Financial Management in Healthcare

By the end of this unit, learners will be able to:

  • Critically analyse strategic financial management principles in healthcare organisations.
  • Evaluate financial performance and investment decisions to support organisational goals.
  • Apply advanced financial strategies to improve efficiency and sustainability in healthcare settings.

Unit 2: Healthcare Economics and Resource Allocation

By the end of this unit, learners will be able to:

  • Demonstrate an understanding of healthcare economic theories and their application.
  • Assess cost-benefit and cost-effectiveness of healthcare initiatives.
  • Formulate strategies for efficient allocation of healthcare resources.

Unit 3: Risk Management and Financial Governance

By the end of this unit, learners will be able to:

  • Identify and assess financial risks within healthcare organisations.
  • Critically evaluate governance frameworks and regulatory compliance requirements.
  • Develop risk mitigation strategies to ensure financial stability and accountability.

Unit 4: Advanced Budgeting and Financial Planning

By the end of this unit, learners will be able to:

  • Prepare comprehensive operational and capital budgets aligned with strategic goals.
  • Apply forecasting and variance analysis to monitor financial performance.
  • Formulate financial plans to optimise resource utilisation in healthcare organisations.

Unit 5: Financial Decision-Making and Performance Measurement

By the end of this unit, learners will be able to:

  • Utilise financial reporting tools to inform decision-making.
  • Design and apply key performance indicators (KPIs) for healthcare financial performance.
  • Critically evaluate financial data to support strategic and operational decisions.

Unit 6: Leadership, Ethics, and Strategic Management in Healthcare Finance

By the end of this unit, learners will be able to:

  • Analyse leadership approaches and their impact on financial decision-making.
  • Apply ethical principles to healthcare financial management.
  • Develop strategic management solutions to enhance organisational effectiveness and sustainability.

This advanced Level 7 programme is ideal for professionals aiming to enhance their expertise in healthcare financial management. The course is particularly suitable for:

  • Senior healthcare managers and administrators seeking to strengthen financial leadership skills.
  • Finance officers, accountants, and financial analysts working within healthcare organisations.
  • Professionals responsible for budgeting, resource allocation, and financial planning in healthcare settings.
  • Leaders aiming to improve organisational efficiency, sustainability, and financial performance.
  • Experienced professionals seeking to expand their knowledge and advance their career prospects.
  • Individuals committed to Continuing Professional Development (CPD) in healthcare financial management.
  • Professionals looking to acquire strategic skills to make informed financial decisions in complex healthcare environments.

To deliver the LICQual Level 7 Postgraduate Diploma in Healthcare Financial Management, centres must meet the following standards to ensure high-quality training and learner success:

  • Qualified and Competent Staff: Centres must employ trainers and assessors with recognised expertise in healthcare financial management, accounting, and strategic leadership. Staff should have relevant professional qualifications and practical experience in healthcare finance.
  • Adequate Learning Resources: Centres should provide access to up-to-date learning materials, textbooks, case studies, software, and digital resources to support effective learner engagement.
  • Learning Environment: Centres must maintain a professional and safe learning environment that encourages interactive learning, collaboration, and independent study.
  • Assessment and Support Facilities: Centres should have robust assessment systems in place, including formative and summative evaluation methods, and provide learners with guidance, feedback, and academic support.
  • Technology and Infrastructure: Reliable IT facilities, internet access, and financial management tools must be available to facilitate online research, simulations, and practical exercises.
  • Commitment to CPD: Centres should encourage and support learners’ Continuing Professional Development (CPD) and provide opportunities to apply knowledge in practical, real-world healthcare settings.
  • Compliance with Standards: Centres must adhere to all relevant educational and regulatory standards, ensuring quality assurance and the consistent delivery of Level 7 learning outcomes.

Meeting these requirements ensures that learners receive a high-quality, industry-relevant education that equips them with the advanced financial management skills needed to excel in senior healthcare 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.

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