Online Course
Healthcare Finance
Massachusetts Institute of Technology via edX
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Overview
By applying financial techniques such as portfolio theory, securitization, and option pricing to biomedical contexts, more efficient funding structures can be developed to reduce financial risks, lower the cost of capital, and bring more life-saving therapies to patients faster. By taking this course, students will gain the background, resources, and framework to influence the healthcare industry.
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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
Taught by
Andrew W. Lo, Shomesh Chaudhuri and Zied Ben Chaouch
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Reviews
5.0 rating, based on 2 reviews
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Anonymous completed this course.
This course covers the role of finance in the healthcare industry in particular current challenges in healthcare finance, Time Value of Money, and Drug Pricing Examples or
Buying Cures, Application to Drug Approval Unit. Then, there is an important part based on Clinical Trials Drug Development & Clinical Trials Randomized Clinical Trials Statistical Framework for Clinical Trials Bayesian Adaptive Trials.
Thanks to all professor of Massachusetts Institute of Technology for this fantastic course! -
Anonymous completed this course.
This course covers the role of finance in the healthcare industry.
In particular there are the application of novel financing methods to facilitate drug discovery, clinical development, and greater patient access to high-cost therapies.
By taking this course, students will gain the background, resources, and framework to influence the healthcare industry.
Thanks to a professor at MIT Sloan of School Andrew W. Lo.