Overview
Google, IBM & Meta Certificates – 40% Off
One Coursera Plus subscription covers most Professional Certificates on Coursera.
Unlock All Certificates
In this Specialization, you'll build healthcare finance and business strategy skills for real-world organizational decisions. You'll learn how healthcare money flows across providers, health plans, employers, government, and pharmaceutical organizations. You'll read key financial statements, connect budgets to financial condition, and assess revenue, expenses, assets, liabilities, equity, cash flows, and risk.
You'll also study business, corporate, and functional strategy in healthcare. You'll use market, competitor, environmental, customer, value chain, and VRIO analysis to evaluate opportunities and challenges. The Specialization also covers FP&A, capital budgets, long-term financing, debt covenants, credit ratings, bonds, benchmarking, strategic alternatives, mergers and acquisitions, partnerships, organizational design, and strategic leadership.
This Specialization is best for healthcare providers, payers, administrators, and career changers who want practical finance and strategy fluency. By the end, you’ll be able to:
Interpret healthcare financial statements and connect budgets to financial health Analyze revenue, expenses, reimbursement models, capital needs, and financial risk Evaluate healthcare markets, customers, competitors, service lines, and strategic options Link strategic plans to organizational effectiveness, leadership, and implementation
Syllabus
- Course 1: Intro to Finance in Healthcare
- Course 2: Healthcare Financial Management Fundamentals
- Course 3: Intro to Strategic Management for Healthcare Organizations
- Course 4: Engaging in Strategic Management in Healthcare Organizations
Courses
-
This course is best suited for individuals currently in the healthcare sector, as a provider, payer, or administrator. Individuals pursuing a career change to the healthcare sector may also be interested in this course. In this course, you will have an opportunity to explore general business strategy concepts as they relate to the healthcare industry. You will also examine how strategic decisions are made within organizations. After an introduction to the different levels of strategy, through examples, you will look at each level in greater detail. You will also have the opportunity to conduct an external evaluation that explores market, environment, customer, and competitor analyses.
-
Engaging in Strategic Management in Healthcare Organizations presents and discusses analytical frameworks for making strategic decisions, drawing on different disciplines, including economics and management. You will get an understanding of how strategic decisions are made within organizations. After exploring the different levels of strategy in the first course, you will now dive into each level in greater detail. You will have the opportunity to conduct an external evaluation that examines market, environment, customer, and competitor analyses. You will get an understanding of strategic issues in healthcare organizations, including mergers and acquisitions, vertical integration, joint ventures and alliances, performance-control systems, and organizational design.
-
This course is best suited for individuals currently in the healthcare sector, as a provider, payer, or administrator. Individuals pursuing a career change to the healthcare sector may also be interested in this course. In this course, you will have an opportunity to explore concepts and topics related to accounting and finance basics for healthcare organizations. After an introduction to the financial statements of healthcare entities, you will then learn how to read, interpret, and use a financial statement in order to understand the financial health of an organization. Your attention will be primarily focused on the Balance Sheet and Income Statement and basics surrounding revenue and expenses. This course will tie together the financial elements learned, to the risks facing healthcare entities, as the industry continues to evolve from the COVID 19 pandemic and its resulting impact on labor, supply chain expenses, and value-based care reimbursement models. Throughout this course, you will be given the opportunity to evaluate your understanding through engagement in course discussions, application of course concepts to a course assignment, and through completion of content quizzes along the way.
-
This course is the continuation of "Intro to Finance in Healthcare." If you have not yet taken the introductory course, it is recommended that you complete that course prior to this course. The foundational knowledge is carried through in this deeper dive into financial management in healthcare. In this course, you will continue to explore concepts and topics related to accounting and finance basics for healthcare organizations. You will learn how to read, interpret, and use a financial statement in order to understand the financial health of an organization. You will explore long-term financing and learn about the types of debt available to healthcare organizations. You will also be introduced to financial planning and analysis and how to best assess the financial performance of a company. You will be asked to put yourself in the position of a financial officer within a healthcare organization as you explore the complexities and challenges healthcare organizations face when managing healthcare financial decisions. Throughout this course, you will be given the opportunity to evaluate your understanding through engagement in a course project, discussions, and through completion of content quizzes along the way.
Taught by
John Friar, Patrick Holland, and Paul Levy