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Aster Health Academy > Management > LDP > Certificate in Finance for Healthcare

Certificate in Finance for Healthcare

Gain financial expertise to drive growth.

Course Outcomes:

  • Understand financial concepts and terminologies critical to healthcare industry
  • Interpret & analyze financial statements to assess fiscal performance of the healthcare organization
  • Measure & report business costs and margins
  • Make informed and strategic financial decisions to manage business capital & resources
  • Communicate and clarify financial implications to business stakeholders a leadership approach

About the course:

How do you interpret financial statements specific to healthcare organizations? What strategies can be used to control and manage costs in healthcare operations for your organization? What are the key financial risks faced by healthcare organizations, and how are they mitigated?

 

The Certificate in Finance for Non-finance in Healthcare enables healthcare professionals to answer these questions and stay updated on industry trends, healthcare reforms, and evolving financial best practices.

 

The course has been designed in collaboration with Industry and Academic Experts, to bring a deeply immersive and application-based learning experience.

 

With the newfound financial literacy, participants will be able to bridge the gap between operational tasks and financial implications thereby contributing to the success of their organisation.

Curriculum:


Introduction to Accounting Basics

1
Define and understand key accounting terminologies that are used in everyday business functionalities.  

P&L and Balance Sheet

1
Understand the financial performance of a business unit by analysing financial statements including income statements, balance sheets and cashflow statements.

Construction of Cashflow Statement

1
Prepare Cash Flow Statements to measure the cash position of an organization and learn to assess the long-term growth of the organization.

Ratio Analysis

1
Explore and evaluate various financial ratios to assess organization’s financial performance compared to competitors. 

Capstone Project

1
You will complete Capstone Action Learning Challenge for each of the 4 modules with your respective teams at work, and a Capstone Group Project under the able guidance of empanelled mentors from MentorNET, an Aster Health Academy Mentoring initiative, utilizing the concepts and techniques you have mastered from the course.

Who this course is for:

  • Healthcare professionals looking for career acceleration
  • Non-finance managers responsible for making business decisions
  • Non-finance professionals transitioning to roles requiring an understanding of finance

Knowledge Partner:

Wharton – University of Pennsylvania

A member of the Ivy League, University of Pennsylvania is the fourth-oldest institution of higher education in the United States and the first to offer both undergraduate and graduate studies. Wharton provides world-class executive education that is innovative, evidence-based, practical, and results-focused to prepare individuals and organizations for greater success. Course offered on the Coursera platform.

Eligibility:

Bachelor’s degree in any discipline with a minimum of two years of professional experience in the healthcare sector.

Sample Certificate:

Academic Team

Prof. Hema Krishnamurthy F.C.A
Faculty at IIM, Bangalore

Curriculum:


Introduction to Accounting Basics

1
Define and understand key accounting terminologies that are used in everyday business functionalities.  

P&L and Balance Sheet

1
Understand the financial performance of a business unit by analysing financial statements including income statements, balance sheets and cashflow statements.

Construction of Cashflow Statement

1
Prepare Cash Flow Statements to measure the cash position of an organization and learn to assess the long-term growth of the organization.

Ratio Analysis

1
Explore and evaluate various financial ratios to assess organization’s financial performance compared to competitors. 

Capstone Project

1
You will complete Capstone Action Learning Challenge for each of the 4 modules with your respective teams at work, and a Capstone Group Project under the able guidance of empanelled mentors from MentorNET, an Aster Health Academy Mentoring initiative, utilizing the concepts and techniques you have mastered from the course.

Duration: 2 Months

Level: beginner

Price:
Buy Now

Batch Start Date

Nov, 2024

Enquiry Form








    Includes

    Full lifetime access
    Access on mobile and TV

    Related Courses

    Certificate in Finance for Healthcare
    Price:
    INR 125,000
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