About the Healthcare Financial Analysis Program
Program Benefits
Learn the various strategies related to finance and accounting when applied to healthcare environments.
Cover the basics of insurance reimbursement, accounting statements, cost allocation, compounding and discounting, financial risk, debt and equity financing, ROI analysis, revenue cycle management, and supply chain management.
Learn intermediate to advanced Microsoft Excel skills as they particularly relate to financial analysis in the healthcare environment.
Acquire the art of visualizing healthcare financial data by learning skills and strategies to prepare and import data into Tableau and create dashboards for financial analysis (elective).
Learn reimbursement methodologies and compliance (elective).
Understand innovative methods, tools and processes to transform data to knowledge and provide a foundation for measurable action (elective).
Work one-on-one with a career coach. Receive assistance with employment, internaships, resume and interview preparation.
Who will benefit?
- Financial Analysts wanting to break into the Healthcare Industry (hospitals, clinics, insurance companies etc.)
- Clinic Financial Managers
- Programmers and Data Managers working in the healthcare industry who need or desire to learn financial analysis
- Junior Business Analysts
- Operations Support Staff and Management in the healthcare industry who need to support financial units especially as it relates to financial allocations and investments
- Nurse Managers in charge of financial statements and management
- Finance Students or recent graduates who need to bridge the gap between what they learned in university and what they need to know to be employed
Occupational Outlook
According to the Bureau of Labor Statistics the healthcare industry will be adding about 2.4 million new jobs by 2026. Healthcare occupations are projected to add more jobs than any of the other occupational groups. This projected growth is mainly due to an aging population, and an increased number of people covered by insurance, leading to greater demand for healthcare services.
From an accounting and finance perspective, some of the factors affecting the increase in employment include growing mandates to reduce the cost of care while increasing quality, and an unprecedented escalation of mergers and acquisitions of healthcare entities.
In this scenario, the role of Financial Analysts is to:
- Generate financial reports and metrics
- Analyze and communicate the key metrics of financial performance
- Plan and forecast financial activities
- Develop and maintain various financial models used to support decision making
- Guide cost analysis process
- Support field operations analyzing their financial performance and identifying areas of improvement
- All while mastering the specific healthcare industry settings
Healthcare Financial Analysis
Required Courses
Must take all three courses
Other Courses of Interest
(Do not count towards the certificate)
Internship
The Business Program Department will assist qualified students in internship search, preparation, and application. Students work one-on-one with a career counselor. To qualify students must:
- Complete the certificate within five years
- Achieve a 3.0 or above GPA
- Submit a short statement of interest to financeprogram@ucsd.edu
Conditions for Admission
UC San Diego Extension programs are designed to best serve college-prepared working professionals. Although programs are open to all adult learners, where program capacity is limited, applicants with this profile will receive preference for admission.
Career Resources and Services
- One-on-One Career Coaching Appointment - Graduates who are interested in a career coaching appointment can schedule an appointment to get advice on resume building, applications, negotiation, interviewing, leveraging LinkedIn etc... Graduates will meet virtually with a career advisor for up to one-hour. If you would like to schedule an appointment and you have completed the certificate within five years, contact unexbusa@ucsd.edu.
- O*Net - Career resources offered by O*Net , an online portal for career exploration, job analysis and self-assessment tools.
- The Career Channel - Brought to you by UCTV and UC San Diego Extension, the Career Channel provides information, tools and experts to help those in career transition identify emerging areas of opportunity and develop plans for reskilling.
- Explore Career Tools to Make your Next Career Move - Get help with your career research to find the priority sectors and priority jobs. The San Diego Workforce Partnership looked at all occupations in San Diego County to determine which pay best, have the most openings and are growing quickly. There are 72 priority jobs in San Diego County, ranging from stucco masons to biomedical engineers. Find out more at SDWP - My Next Move.
- Professional Associations - Professional associations offer a terrific opportunity for career education, professional development and networking.
Transfer to Online MBA Program
Students who complete UC San Diego Extension's Healthcare Financial Analysis Certificate are eligible to receive a 6-semester credit block applied towards Antioch University's online Healthcare Concentration (3 additional Antioch University units are needed to complete the Healthcare Concentration).
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