Financial leadership, tendering and public procurement in social and health care (5 cr)

Objective

The student understands the core concepts of health economics and financial leadership and can assess the relation between the financial and steering systems of social and health care as well as service production and development. The student assesses conditions for economic activity and the economic circumstances of his/her organization. S/he knows how to plan, implement and analyze tendering for public procurement in the social and health care sector and bidding processes as well as to follow up operators in the social and health care market.

Content

- core concepts of health economics and financial leadership
- framework for public economy, steering and follow up and their relation to the social and health care services and development of service production
- significance of financial competence of management to steering activities
- public procurement legislation and tendering
- interpreting the profit and loss account and balance sheet as prediction tools
- steering and evaluating economy, efficiency and cost-effectiveness in everyday leadership

Location and time

Autumn 2025: 27.8-16.11.2025
Online studying

Materials

The course material can be found on Moodle

Teaching methods

Online learning, guided
Study assignments

Employer connections

Work life-oriented learning task

Exam schedules

The exams for the study course are in the platform Moodle and you can do assignmentsthroughout the duration of the entire course

International connections

N/A

Completion alternatives

N/A

Student workload

Literature, assignments, and take-home exam in Moodle. 3 cr
Learning assignment 2 cr


1 cr credit corresponds to approximately 27 hours of student work

Content scheduling

The student plans and progresses in their studies while the course is open.

Further information

The assignments and MATERIALS prepared by the teacher are works according to the Copyright Act (404/61), to which the teacher has the copyright. Assignments AND MATERIALS may not be used other than in their own studies. Their public distribution is only allowed with the teacher's permission.

Open master degree program student requires the same learning capabilities as master's degree students

Students themselves responsible for ensuring that he has the necessary study skills: the use of e-learning tools, to promote learning to read articles, search and work-oriented knowledge learning tasks.

Artificial intelligence can be utilized for brainstorming in written assignments, but it should not be used as a substitute for independent thinking and writing. Editing the language and style of self-produced text is permitted, but generating entire texts using AI is not allowed. If you use AI, its use must be transparently disclosed. Failure to disclose the use of AI will be considered misconduct. (https://opiskelija.oma.metropolia.fi/delegate/desktop_web_content_attachment/attachment/9923680)
When using AI, please familiarize yourself with Metropolia's guidelines for AI usage and take responsibility for adhering to these guidelines.
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Course Feedback:
Feedback will be collected for the course, which is an important part of the development of teaching and activities. By providing feedback, you have the opportunity to influence the content of the courses and the development of teaching. Feedback helps the instructor improve their implementation and teaching methods across other courses as well. Providing constructive feedback also enhances your own professional skills. Course feedback is anonymous, and the identity of the person providing feedback cannot be identified.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student displays competence to deal with the basic content of the study unit but lacks competence in independent data acquisition, interpretation and the ability to apply the acquired knowledge to the context of workplace.

Assessment criteria, good (3)

The student fulfills the requirements for the study unit well. S/he displays competence in active data acquisition and is able to interpret the key features of the data to a clinical setting. The student has the ability to analyze the acquired knowledge and to apply it to the context of workplace.

Assessment criteria, excellent (5)

The student displays broad and versatile competence in the content of the study unit. S/he has great competence in targeted data acquisition. The student’s ability to make decisions shows independent thinking, responsible actions and leadership skills. The ability to apply the acquired knowledge to the context of workplace is creative and versatile.

Assessment criteria, approved/failed

Pass: The student is proficient in the basic content of the study unit (competence evaluation), but independent data acquisition, interpretation and the ability to apply the acquired knowledge to the context of workplace has shortcomings.

Assessment methods and criteria

Assignments and take-home test in Moodle: pass-fail
Course written assignment numerically (1-5)

Further information

Recognition of previously acquired competence:
The study unit may be accredited based on previously acquired competence, if the student has completed similar studies and/or the student has a long experience of a demanding managerial role equalling the same level of competence.

Objective

The student understands the core concepts of health economics and financial leadership and can assess the relation between the financial and steering systems of social and health care as well as service production and development. The student assesses conditions for economic activity and the economic circumstances of his/her organization. S/he knows how to plan, implement and analyze tendering for public procurement in the social and health care sector and bidding processes as well as to follow up operators in the social and health care market.

Content

- core concepts of health economics and financial leadership
- framework for public economy, steering and follow up and their relation to the social and health care services and development of service production
- significance of financial competence of management to steering activities
- public procurement legislation and tendering
- interpreting the profit and loss account and balance sheet as prediction tools
- steering and evaluating economy, efficiency and cost-effectiveness in everyday leadership

Further information

Recognition of previously acquired competence:
The study unit may be accredited based on previously acquired competence, if the student has completed similar studies and/or the student has a long experience of a demanding managerial role equalling the same level of competence.