In four courses, earn the credentials to advance your career in health care finance.
Jobs in health care finance are expected to grow 9% by 2030, outpacing overall labor market growth.
Health care employers need financial professionals who are well-versed in the unique intricacies of the health care industry. The advanced certificate in health care finance is ideal if you have an interest or background in finance and you’d like to work in health care.
Health Care Financial Certificate: Offered Exclusively Online
Designed for working professionals, this four-courses graduate-level credential will familiarize you with how the U.S. health care system is financed and the impact of efforts to reform. You will gain financial management skills that can be leveraged in both for-profit and not-for-profit health care organizations. The advanced certificate in health care finance is an ideal way for health care professionals to deepen their understanding of health care financial management. The four-course, 12 credit hour curriculum supports student's understanding of how the US health care system is financed, the impact of efforts to reform the system, as well as the development of financial management skills within for-profit and not-for-profit health care organizations. To meet the needs of working professionals, the certificate is offered exclusively online.
A Foundation for the MS Health Systems Management
With your advanced certificate in health care finance, the master of science in health systems management is within your reach. In this masters’s degree you will build competencies in the five core areas key to success in health care management and leadership: (1) knowledge of health care systems in the U.S., (2) communications and interpersonal effectiveness, (3) critical thinking, analysis, and problem-solving skills, (4) canagement and leadership skills, and (5) professionalism and ethics theory and practice. The four courses that comprise the advanced certificate in health care finance will count towards this master’s degree.
What is a Graduate Certificate?
A graduate certificate, also called an advanced certificate, is a selection of up to five graduate level courses in a particular area of study. It can serve as a stand-alone credential that provides expertise in a specific topic that enhances your professional knowledge base, or it can serve as the entry point to a master's degree. Some students complete an advanced certificate and apply those credit hours later toward a master's degree.
Health Care Finance, advanced certificate, typical course sequence
Sem. Cr. Hrs.
Health Care Economics and Policy
This course provides an examination of the roles and responsibilities of policy makers on the health care system and the resulting economic impact of their policies. Students will compare and contrast the regulatory functions of varying levels of government, the political process and economic impacts as they relate to health care systems as well as examine control issues, economic functions and regulatory trends in the United States. In addition, an assessment will be made of national health systems and national health policies of other countries as they compare to the United States. Lecture 3 (Spring).
Health Care Financial Management I: Principles & Practice
This course provides a basic understanding of health services financial management. We begin with elementary accounting concepts and then focus on financial statement preparation and analysis. Special topics areas include discounted cash flow, risk, capital investments evaluation, debt/equity financing, and financial decision making models such as break-even analysis, cash flow forecasting and the like. Lecture 3 (Fall).
Health Care Financial Management II: Concepts/Applications
This course builds on the foundational learning from Health Care Financial Management I: Principles & Practice. Course emphasis will be on for-profit entities within the health care sector. The course goes into greater depth on discounted cash flow analysis, risk, financial performance evaluation, capital investments, capital budgeting, debt, and equity financing. A key objective of this class is to develop the student’s ability to engage in long-term financial modeling. Students will complete a comprehensive financial forecast as their final graded assessment for this field of study. (Prerequisites: HLTH-730 or equivalent course.) Lecture 3 (Fall).
Health Insurance and Reimbursement
This course provides an in-depth review of the characteristics of successful health insurance plans with emphasis on cost containment and premium control techniques. Emphasis will be placed on learning various cost containment and quality improvement tools of an effective delivery system and how to apply those tolls to different delivery structures. The relationship between shared risk and behavior change is explored as well as basic concepts of health insurance underwriting and the essentials of a successful provider payer partnership. Lecture 3 (Fall).
Total Semester Credit Hours
Certain countries and individuals are subject to comprehensive embargoes under US Export Controls, which prohibit virtually ALL exports, imports and other transactions without a license or other US Government authorization. Individuals applying for online study who are subject to these embargoes will be notified during the application process.
Note for online students
The frequency of required and elective course offerings in the online program will vary, semester by semester, and will not always match the information presented here. Online students are advised to seek guidance from the listed program contact when developing their individual program course schedule.
Admissions and Financial Aid
This program is available
Fall, Spring, or Summer
Part-time study is 1‑8 semester credit hours.
RIT will not issue a student visa for programs offered exclusively online.
To be considered for admission to the Health Care Finance Adv. Cert. program, candidates must fulfill the following requirements:
International applicants whose native language is not English must submit one of the following official English language test scores. Some international applicants may be considered for an English test requirement waiver.
International students below the minimum requirement may be considered for conditional admission. Each program requires balanced sub-scores when determining an applicant’s need for additional English language courses.
The online Health Care Finance Advanced Certificate can only be completed part-time, taking one or two courses per term. The average time to completion is one year. All courses in the online Health Care Finance Advanced Certificate are offered asynchronously with the opportunity to participate in 1-2 synchronous class sessions with the course instructor. For specific details about the delivery format and learning experience, contact the Program Contact listed on this page. RIT does not offer student visas for online study.
Online Tuition Eligibility
The online Health Care Finance Adv. Cert. is a designated online degree program that is billed at a 43% discount from our on-campus rate. View the current online tuition rate.
Online Study Restrictions for Some International Students
Certain countries are subject to comprehensive embargoes under US Export Controls, which prohibit virtually ALL exports, imports, and other transactions without a license or other US Government authorization. Learners from the Crimea region of the Ukraine, Cuba, Iran, North Korea, and Syria may not register for RIT online courses. Nor may individuals on the United States Treasury Department’s list of Specially Designated Nationals or the United States Commerce Department’s table of Deny Orders. By registering for RIT online courses, you represent and warrant that you are not located in, under the control of, or a national or resident of any such country or on any such list.