Healthcare Management and Finance
Become a transformative leader in healthcare. Explore how healthcare managers navigate the complexities of the healthcare system from both administrative and financial perspectives.
Instructor: Michael Rubyan , Simone Singh , Jeffrey McCullough
Beginner Level • 4 weeks to complete at 10 hours a week • Flexible Schedule
What You'll Learn
- Develop a foundational knowledge of healthcare organizations’ structure, management, marketing, leadership, and philanthropic work.
- Evaluate the financial performance of healthcare organizations.
- Build financial models for business planning in healthcare organizations.
Skills You'll Gain
Shareable Certificate
Earn a shareable certificate to add to your LinkedIn profile
Outcomes
- Learn in-demand skills from university and industry experts
- Master a subject or tool with hands-on projects
- Develop a deep understanding of key concepts
- Earn a career certificate from University of Michigan
3 courses series
In Introduction to Healthcare Management, you’ll learn the daily operation and management of healthcare delivery organizations and nonprofits, focusing on transformational leadership and decision-making processes. Explore the structure of healthcare organizations, the roles of clinical professionals, the importance of quality improvement, fundraising and community partnerships, effective communication strategies, and advocacy in healthcare. This course combines theoretical knowledge with practical case studies for a comprehensive understanding of managing complex healthcare organizations.
To remain sustainable, it's crucial for healthcare organizations to effectively manage their finances. In Introduction to Healthcare Accounting, you’ll learn how to understand and manage hospital finances. This includes the cost of patient care, major payers and reimbursements, resource efficiency, and the modernization of facilities. Hands-on course assessments will allow you to apply financial analysis to gain a deeper understanding of institutional revenues and balances, so that you can make informed decisions for your institution. With this course, you’ll emerge with a crucial understanding of institutional finances and become a more effective leader.
Introduction to Healthcare Finance equips healthcare leaders with fundamental finance tools and concepts necessary for effective collaboration with experts and managing organizations. In this course, you’ll explore healthcare pricing, investment valuation, and pharmaceutical research and development costing. You will consider the motivation, consequences, and valuation techniques essential to helping you make strategic decisions and engage in effective bargaining in healthcare mergers and acquisitions. Get an inside look at the variations and complexities of healthcare pricing, trade-offs between financial risk and performance incentives, and the bargaining processes vital to pricing strategies and organizational viability. Financial valuation techniques, such as net present value and internal rate of return, are explored alongside financial risk considerations and opportunity costs.
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