Exam Preparation

Healthcare Financial Management

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Course Overview

The course is designed to help develop professional skills that will manage financial programs and activities to protect the organization from financial loss. Participants will discuss prudent financial management practices and methods to identify gaps in managing accounts.

Key Takeaways

• Recognize financial terminology and Basic financial analysis
• Learn the historical financial risks and returns of the biopharma industry
• Recognize the biomedical mega funds and drug royalty investment companies
• Analyze the different areas of expenses in healthcare organizations
• Define Quality in Healthcare and cost containment methods

Massachusetts Institute of Technology
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Massachusetts Institute of Technology — a coeducational, privately endowed research university founded in 1861 — is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. Learn more about MIT. Through MITx, the Institute furthers its commitment to improving education worldwide. MITx Courses MITx courses embody the inventiveness, openness, rigor and quality that are hallmarks of MIT, and many use materials developed for MIT residential courses in the Institute's five schools and 33 academic disciplines.

Course Outline

Part 1
Introduction to Healthcare Finance
Current Challenges in Healthcare Finance
Biomedical Megafund FAQs
Fundamentals of Leadership in Healthcare
Financial Management in Healthcare 1
Financial Management in Healthcare 2
Glossary of Healthcare Finance
Financial Indicators and Performance Ratios
Healthcare Quality Principles
Fundamentals of Budgeting
Preparing a Budget for a Healthcare Organization
Managerial Accounting in HCO’s
Micro-Economics Principles
Health Economics
Internal and External Auditing
Managed Care and HMO’s
Basics of Health Insurance
Healthcare Utilization Management
Part 2
Present Value
Market Efficiency, Wisdom of Crowds and Madness of Mobs
Time Value of Money, and Drug Pricing Examples
Buying Cures vs. Renting Health
Capital Budgeting
Cash Flows, NPV and IRR
Genentech and Herceptin Funding Example
Volatility, Risk and Uncertainty: Framework and Application to Drug Approval
Stocks and Bonds
Dividend Pricing Model
Corporate Bonds
Debt in the Biopharma Industry
The CAPM and Diversification
Arbitrage Pricing Theory
Portfolio Theory: Examples and Special Cases
Portfolio Theory in a Biomedical
Pricing Theory
Real Options and Biomedical Examples
Monte Carlo Simulations
Part 3
Clinical Trials
Drug Development & Clinical Trials
Randomized Clinical Trials
Statistical Framework for Clinical Trials
Bayesian Adaptive Trials
Venture Capital and New Business Models
Introduction to VC financing
The Term Sheet
Biotech Valuation
Venture Philanthropy
The Financial Crisis and Securitization
Megafunds & Their Limits
Healthcare Analytics
Risk and Return in the Biopharma Industries
Clinical Trial Success Rates
Predictive Analytics for Drug Approvals and Clinical-Phase Transitions
Bayesian Decision Analysis for Randomized Clinical Trials
Part 4
Pricing, Insurance & Ethics
Pricing & Ethics
Pricing Issues for Cancer Drugs
Value vs Price
Improving Revenue and Cost Containment Strategies
Revenue Cycle Management in HCO’s
Expenses Control in HCO’s
Payment for Performance (P4P)
Fund Raising and Program Development

Who Should Attend?

This highly practical and interactive course has been specifically designed for
This course is designed for the healthcare professionals; clinical staff; physicians, nurses, pharmacists, etc. as well as hospital administrators and managerial staff who want a working knowledge and basic understanding of financial management and budgeting in healthcare facilities.

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What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +91 4 95 5711 or
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.