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Aster Health Academy > Management > Post Graduate Certificate in Finance for Healthcare

Post Graduate Certificate in Finance for Healthcare

Gain Financial Acumen to Drive Business Success

Course Outcomes:

  • Understand the fundamental principles of effective financial management
  • Interpret & analyse financial statements to assess fiscal performance of the healthcare organisation
  • Measure & report business costs and margins
  • Communicate and clarify financial implications to business stakeholders
  • Make data-driven financial decisions for business sustenance and growth

About the course:

Healthcare is a dynamic industry where every decision—clinical, operational, and strategic—is closely tied to financial implications. Thus, it becomes critical for leaders and professionals in healthcare to operate with a strategic and nuanced understanding of financial intricacies.

 

The Post Graduate Certificate in Finance for Healthcare enables participants with the knowledge to interpret financial statements, use performance metrics, and build healthcare-specific financial summaries. Participants will learn how fiscal insights steer strategic choices, amplifying organizational success.

 

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

 

Through this course, participants will be enabled to proficiently manage the revenue, expenses, earnings, and cash flow of their business. Participants will be able to harness new-found financial knowledge to make effective business decisions and drive results.

Curriculum:


Module 1: Introduction to Financial Accounting in Healthcare Environment

1
Understand the dynamics of the healthcare industry and the role played by finance as a department in the day-to-day functioning of an organization
2
Learn accounting basics through concepts and terminology like accrual and cash accounting, fundamental accounting equation, ledgers, and more

Module 2: Essentials of Cashflow

1
Identify important financial statements like the income statement, balance sheet and statement of cashflows
2
Understand the essential components like EBITDA, Operating Cashflows, Nonoperating Income, etc. that comprise these financial statements and how they are recorded

Module 3: Planning Managing and Controlling

1
Analyse how different types of business costs are structured and allocated, and how pricing decisions are made by business leaders using critical price-setting strategies.
2
Learn how to run analyses profit analysis, breakeven analysis, marginal analysis, etc.

Module 4: Planning and Budgeting

1
Explore how financial operations are managed by business leaders through strategic and operational planning.
2
Learn about critical concepts of Variance Analysis, Revenue Cycle and Receivables Management.

Module 5: Capital Investment and Structures

1
Understand details of capital budgeting and risk-return relationship and how they influence investment decision-making.
2
Learn about capital structures and how cost of capital in determined across different structures.

Module 6: Financing and Capital Investment Decisions

1
earn to evaluate the financial merit of a capital investment decisions using techniques such as discounted cashflow analysis and return on investment.
2
Analyse risk and cashflow estimation for capital investment decisions.

Module 7: Time Value Analysis and Financial Risk Management

1
Analyse time value of investment decisions to measure return on investment.
2
Interpret portfolio risks and relationship between financial risk and required return.

Module 8: Performance Indicators

1
Interpret income statements and dive deeper into analysing financial condition of the business using critical Key Performance Indicators (KPIs) and financial ratios.
2
Learn how to assess financial performance of the business, determine long-term financial growth and sustenance of the business.

Module 9: Strategic Growth and Competitive Advantage in Healthcare

1
Identify and design strategies to optimize organizational change and turnaround.
2
Learn about the ethics in healthcare accounting along with the upcoming trends and innovations in healthcare industry.

Who this course is for:

  • Healthcare professionals responsible for making business decisions
  • Healthcare managers and leaders aspiring to analyse, present, and defend business proposals and financial data
  • Healthcare professionals looking for career acceleration
  • Professionals looking to gain an understanding of finance
  • Non-finance professionals transitioning to roles requiring an understanding of finance

Knowledge Partner:

In Partnership with RV University

With a legacy of 8 decades in nation building through education and research, RV University stands tall as one of the finest educational institutes of India with their world-class faculty, infrastructure, leadership, and collaborations. Combining RV University’s academic strengths and Aster’s extensive experience in healthcare, the alliance promises a holistic learning experience for learners through a unique blend of theoretical knowledge and real-time industry experience, enabling them for substantial grow in their careers.

Sample Certificate:

FAQ:

The course duration will be 3 months.
You will be granted full access to the learning content for 6 months, starting from the date of enrollment.
The time investment for the course includes 3-6 hours per week for asynchronous learning.
Yes. After successful completion of the course, you will be awarded a certificate from Aster Health Academy and RV University.
Yes, we offer financial aid opportunities for participants.
Here's the structure of our refund policy: 1) A candidate is eligible for 75% refund if the drop out is within 7 days of launch of the program 2) A candidate is eligible for 50% refund if the drop out is within 8- 15 days of launch of the program 3) There is no refund if the drop out is after 15 days of launch

Academic Team

Prof Sankarshan Basu
Faculty, IIM Bangalore

Curriculum:


Module 1: Introduction to Financial Accounting in Healthcare Environment

1
Understand the dynamics of the healthcare industry and the role played by finance as a department in the day-to-day functioning of an organization
2
Learn accounting basics through concepts and terminology like accrual and cash accounting, fundamental accounting equation, ledgers, and more

Module 2: Essentials of Cashflow

1
Identify important financial statements like the income statement, balance sheet and statement of cashflows
2
Understand the essential components like EBITDA, Operating Cashflows, Nonoperating Income, etc. that comprise these financial statements and how they are recorded

Module 3: Planning Managing and Controlling

1
Analyse how different types of business costs are structured and allocated, and how pricing decisions are made by business leaders using critical price-setting strategies.
2
Learn how to run analyses profit analysis, breakeven analysis, marginal analysis, etc.

Module 4: Planning and Budgeting

1
Explore how financial operations are managed by business leaders through strategic and operational planning.
2
Learn about critical concepts of Variance Analysis, Revenue Cycle and Receivables Management.

Module 5: Capital Investment and Structures

1
Understand details of capital budgeting and risk-return relationship and how they influence investment decision-making.
2
Learn about capital structures and how cost of capital in determined across different structures.

Module 6: Financing and Capital Investment Decisions

1
earn to evaluate the financial merit of a capital investment decisions using techniques such as discounted cashflow analysis and return on investment.
2
Analyse risk and cashflow estimation for capital investment decisions.

Module 7: Time Value Analysis and Financial Risk Management

1
Analyse time value of investment decisions to measure return on investment.
2
Interpret portfolio risks and relationship between financial risk and required return.

Module 8: Performance Indicators

1
Interpret income statements and dive deeper into analysing financial condition of the business using critical Key Performance Indicators (KPIs) and financial ratios.
2
Learn how to assess financial performance of the business, determine long-term financial growth and sustenance of the business.

Module 9: Strategic Growth and Competitive Advantage in Healthcare

1
Identify and design strategies to optimize organizational change and turnaround.
2
Learn about the ethics in healthcare accounting along with the upcoming trends and innovations in healthcare industry.

FAQ:

The course duration will be 3 months.
You will be granted full access to the learning content for 6 months, starting from the date of enrollment.
The time investment for the course includes 3-6 hours per week for asynchronous learning.
Yes. After successful completion of the course, you will be awarded a certificate from Aster Health Academy and RV University.
Yes, we offer financial aid opportunities for participants.
Here's the structure of our refund policy: 1) A candidate is eligible for 75% refund if the drop out is within 7 days of launch of the program 2) A candidate is eligible for 50% refund if the drop out is within 8- 15 days of launch of the program 3) There is no refund if the drop out is after 15 days of launch

Duration:

Level: intermediate

Price:
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Batch Start Date

Nov, 2023

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    Includes

    Full lifetime access
    Access on mobile and TV

    Related Courses

    Post Graduate Certificate in Finance for Healthcare
    Price:
    INR 100,000*
    GST as applicable

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