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Healthcare Finance

Funding for fundamental science and early-stage translational medicine is becoming scarcer, and at the worst possible time—when we now have the scientific and engineering expertise to make major breakthroughs in our understanding of the molecular basis of many deadly diseases and how to treat or prevent them. The dearth of funding for translational medicine in the so-called “Valley of Death” can be attributed to several factors, but a common thread among them is increasing financial risks in the biopharma industry and greater uncertainty surrounding the economic, regulatory, and political environments within the biomedical ecosystem. Increasing risk and uncertainty inevitably leads to an outflow of capital as investors and other stakeholders seek more attractive opportunities in other industries.

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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Rating Not enough ratings
Length 12 weeks
Effort 4 - 6 hours per week
Starts Feb 12 (5 days ago)
Cost $49
From MITx via edX
Instructors Andrew W. Lo, ​Shomesh Chaudhuri, Zied Ben Chaouch
Download Videos On all desktop and mobile devices
Language English
Subjects Business Science
Tags Business & Management Economics & Finance Biology & Life Sciences

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Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Professor and Associate Dean for Translational Research $49k

Scientist, Translational Development $83k

Translational Scientist $90k

Scientist, Translational Oncology $93k

Head, Anatomic and Translational Pathology $98k

Scientist-Biology, Translational Research $107k

Research Scientist -Translational Research Institute $108k

Scientist - Translational Research / Histopathology $117k

Assistant Professor of Medicine and Clinical and Translational Science $167k

Family Medicine/Sports Medicine Physician $183k

Physician, Sports Medicine and Family Medicine $198k

Network Partner, Translational Medicine $250k

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edX

&

MITx

Rating Not enough ratings
Length 12 weeks
Effort 4 - 6 hours per week
Starts Feb 12 (5 days ago)
Cost $49
From MITx via edX
Instructors Andrew W. Lo, ​Shomesh Chaudhuri, Zied Ben Chaouch
Download Videos On all desktop and mobile devices
Language English
Subjects Business Science
Tags Business & Management Economics & Finance Biology & Life Sciences