Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study, Virtual Classroom | Video and Text Based |
Course Overview
This Health Care Finance training is a twenty-week online course. This course was created and offered through the EDX platform by the Massachusetts Institute of Technology. This course was explained by Andrew W. Lo.
Funding for basic science and early-stage translational medicine is becoming increasingly scarce, and at the worst possible time—when we now have the scientific and engineering expertise to make significant advances in our understanding of the molecular basis of many deadly diseases, as well as ways to treat or prevent them.
The lack of financial support for new treatments in the so-called "Valley of Death" can be attributed to a number of influences, but a common thread among them is the biopharma industry's growing financial risks and greater uncertainty surrounding the biomedical ecosystem's economic, regulatory, and political environments. Increasing uncertainty and risk will inevitably cause capital outflows as stakeholders and investors seek more appealing opportunities in other industries.
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The Highlights
- Twenty weeks online course
- Three to Five hours per week
- Instructor paced
- Shareable completion certificate
- Access to course materials
- Video transcript
Programme Offerings
- Graded Assignments and Exams
- Intermediate level
- Massachusetts Institute of Technology designed syllabus
- World-class institutions
- and universities
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 3998 | yes | MIT Cambridge |
Health Care Finance certification fee varies for the different kinds of tracks mentioned below chosen by the candidates.
Health Care Finance Certification Fee Structure
Description | Amount in INR |
Verified Track | Rs. 3,998 |
Audit Track | Free |
Eligibility Criteria
Certification Qualifying Details
- Completion of Columbia University's Health Care Finance certification by the EDX Platform. In order to receive the certification, candidates must attend and successfully complete the course.
What you will learn
After completion of this Health Care Finance certification syllabus, users can understand the basic financial analysis for the life sciences professional, as well as the biopharma industry's historical financial risks and returns. Pharmaceutical companies' capital budgeting, as well as drug development and clinical trials. The mechanics of biotech startup funding, as well as biomedical megafunds and drug royalty investment firms. Machine learning and healthcare analytics Pricing, value, ethics, and so on.
Who it is for
Candidates who are interested in the medical field along with finance can apply for this online course.
Admission Details
Students may take the following steps to gain admission to Health Care Finance certification course classes:
Step 1: Follow the official URL: https://www.edx.org/course/healthcare-finance
Step 2: Participants must create an account on the Edx website.
Step 3: Only after the participant has registered and logged in is admission confirmed.
The Syllabus
- Current Challenges in Healthcare Finance
- Biomedical Megafund FAQs
- Market Efficiency, Wisdom of Crowds and Madness of Mobs
- Time Value of Money, and Drug Pricing Examples
- Buying Cures vs. Renting Health
- Inflation
- Cash Flows, NPV and IRR
- Genentech and Herceptin Funding Example
- Volatility, Risk and Uncertainty: Framework and Application to Drug Approval
- Dividend Pricing Model
- Corporate Bonds
- Debt in the Biopharma Industry
- The CAPM
- Arbitrage Pricing Theory
- Portfolio Theory: Examples and Special Cases
- Portfolio Theory in a Biomedical Context
- Option Pricing Theory
- Real Options and Biomedical Examples
- Monte Carlo Simulations
- Drug Development & Clinical Trials
- Randomized Clinical Trials
- Statistical Framework for Clinical Trials
- Bayesian Adaptive Trials
- Introduction to VC financing
- The Term Sheet
- Biotech Valuation
- Venture Philanthropy
- The Financial Crisis and Securitization
- Megafunds & Their Limits
- 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
- Pricing & Ethics
- Pricing Issues for Cancer Drugs
- Value vs Price
Instructors
MIT Cambridge Frequently Asked Questions (FAQ's)
This is a twenty-week online course with a weekly time commitment of four to six hours.
The Massachusetts Institute of Technology designed and offered this course through the EDX platform.
An English video transcript is available for this online course.
This course was explained by Andrew W. Lo.
This course is taught by an instructor.
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