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Aster Health Academy > Management > MDP > Planning & Budgeting for Healthcare

Planning & Budgeting for Healthcare

Accelerate Your Career with Expertise in Healthcare Planning and Budgeting

Course Outcomes:

  • Demonstrate a comprehensive understanding of healthcare finance including how money flows in healthcare
  • Discover the principles of financial planning and budgeting to manage money effectively
  • Explore strategic financial planning techniques to reach organizational goals
  • Implement effective budgeting strategies to optimize resource allocation and financial management in healthcare settings
  • Enhance decision-making and strategic planning skills

About the course:

In 2022, a survey conducted by IMA and Deloitte revealed that 82% of healthcare finance professionals are currently involved in or have finished a transformation in their finance functions. This means that healthcare organizations are relying more on their finance teams to help them with efficiency, quick decision-making, and useful insights.

 

This course in Planning & Budgeting in Healthcare teaches you how money works in healthcare and how to manage it wisely. You’ll learn how to plan and budget effectively to reach your organization’s goals. Additionally, the course explores how healthcare providers get money for important purchases and operations.

 

The course offers a curated learning pathway highly contextualized to healthcare, with input from academia and industry experts. Tailored for and by the industry, this unique course integrates practical insights through case studies covering diverse healthcare scenarios. Upon completion, you’ll be equipped to capitalize on opportunities within the healthcare and finance industries, driving positive financial outcomes for your organization.

 

Curriculum:


Module 1: Introduction to Financial Management

1
Understanding Healthcare Finance
2
Accounting Cycle
3
Balance Sheet Basics

Module 2: Financial Planning & Budgeting

1
Financial Planning VS Budgeting
2
Strategic Planning
3
Organizational Goals

Module 3: Financial Planning & Analysis (FP&A)

1
Understanding FP
2
Budget Variance Analysis
3
Capital Structure

Module 4: Long-term Financing

1
Long-term debt
2
Debt-compliance

Module 5: Healthcare Finance Metrics

1
Key Metrics in Healthcare Finance
2
Cash Flow estimation for Capital Budgeting
3
Price

Module 6: Financial Condition Analysis

1
Analytical techniques
2
Ratios Analysis
3
Benchmarking

Who this course is for:

  • Healthcare managers or finance personnel involved in financial operations, budgeting & strategic planning
  • Healthcare administrators or executives needing to understand financial concepts and metrics
  • Healthcare finance professionals enhancing skills in financial planning, analysis, and long-term financing
  • Clinical leaders or first-time department heads understanding financial performance metrics
  • Professionals transitioning into healthcare finance roles
  • Healthcare professionals seeking career advancement

Knowledge Partner:

Coursera: Northeastern University

The eLearning course, issued by Northeastern University on the Coursera platform, is a collaboration with the renowned global research institution located in Boston, Massachusetts. Founded in 1898, Northeastern is known for its experiential learning approach and leadership in cooperative education, providing students with hands-on experience in real-world settings.

The university’s commitment to collaboration drives its use-inspired research enterprise, focusing on addressing global challenges in health, security, and sustainability. With a spirit of innovation and dedication to making a difference, Northeastern empowers learners to engage with cutting-edge ideas and contribute meaningfully to society. Join Northeastern University’s community of scholars and innovators and embark on a journey of transformative education and discovery.

Sample Certificate:

FAQ:

The course duration will be 6 weeks.
You will be granted full access to the learning content for 3 months, starting from the date of enrollment.
The time investment for the course includes 4-6 hours per week for asynchronous learning.
Yes. After successful completion of the course, you will be awarded a certificate from both Aster Health Academy and Northeastern University, Coursera.
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

Dr. Prashanth N
Chief Executive Officer- Aster DM Healthcare
Sunil Kumar M R
Joint Chief Financial Officer - Aster DM Healthcare: Finance & Accounts

Curriculum:


Module 1: Introduction to Financial Management

1
Understanding Healthcare Finance
2
Accounting Cycle
3
Balance Sheet Basics

Module 2: Financial Planning & Budgeting

1
Financial Planning VS Budgeting
2
Strategic Planning
3
Organizational Goals

Module 3: Financial Planning & Analysis (FP&A)

1
Understanding FP
2
Budget Variance Analysis
3
Capital Structure

Module 4: Long-term Financing

1
Long-term debt
2
Debt-compliance

Module 5: Healthcare Finance Metrics

1
Key Metrics in Healthcare Finance
2
Cash Flow estimation for Capital Budgeting
3
Price

Module 6: Financial Condition Analysis

1
Analytical techniques
2
Ratios Analysis
3
Benchmarking

FAQ:

The course duration will be 6 weeks.
You will be granted full access to the learning content for 3 months, starting from the date of enrollment.
The time investment for the course includes 4-6 hours per week for asynchronous learning.
Yes. After successful completion of the course, you will be awarded a certificate from both Aster Health Academy and Northeastern University, Coursera.
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: 6 Weeks

Level: intermediate

Price:
Buy Now

Batch Start Date

Jun, 2024

Enquiry Form








    Includes

    Full lifetime access
    Access on mobile and TV

    Related Courses

    Planning & Budgeting for Healthcare
    Price:
    INR 35,000
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