The Certified Health Economics Professional (CHEP) certification program is a prestigious credential tailored for professionals in the healthcare and economics fields who wish to advance their expertise in the intersection of healthcare systems, policy, and economic principles. In the complex world of healthcare, where resources are finite and demands are ever-increasing, understanding the economic forces at play is vital for effective decision-making, policy development, and sustainable healthcare delivery. The CHEP program is meticulously designed to provide participants with in-depth knowledge and practical skills in health economics, equipping them to address critical challenges in healthcare funding, resource allocation, and policy evaluation.

Health economics plays a pivotal role in shaping the future of healthcare by ensuring the optimal use of resources, improving access to care, and enhancing the overall efficiency of healthcare systems. The CHEP program delves into the core areas of healthcare economics, including cost analysis, healthcare financing, policy evaluation, and economic modeling. Participants will gain a robust understanding of market dynamics, risk assessment, and the role of government and private stakeholders in healthcare economics. The program emphasizes practical applications of economic principles in real-world healthcare scenarios, empowering participants to make informed decisions that benefit patients, providers, and policymakers alike.

Certification Program Objectives:

Upon completing the Certified Health Economics Professional (CHEP) program, participants will be able to:

• Master Core Concepts of Health Economics: Develop a comprehensive understanding of economic principles as they apply to healthcare systems, including cost-benefit analysis, economic evaluations, and healthcare policy.
• Analyze Healthcare Financing Mechanisms: Gain expertise in evaluating and designing financing models, including public and private healthcare funding, insurance structures, and value-based reimbursement systems.
• Apply Economic Tools for Policy Evaluation: Learn to assess healthcare policies and programs using economic frameworks to determine their effectiveness, equity, and efficiency.
• Address Global Healthcare Challenges: Understand the economic implications of global healthcare issues, such as pandemics, aging populations, and health inequalities, and develop strategies to mitigate their impact.
• Optimize Resource Allocation: Acquire skills to conduct resource allocation analyses, ensuring efficient and ethical distribution of healthcare services and interventions.
• Enhance Decision-Making Capabilities: Utilize data-driven approaches and economic modeling techniques to make informed, strategic decisions in healthcare management and policy development.

Certification Requirements:

• Bachelor’s Degree

And/or

• 2 – 5 years of relevant work experience

Certifying Examination:

• To be certified as CHEP student should take up a 1.5 hours online exam conducted by AIBM
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

• Module 1: Introduction to Health Economics
• Module 2: Healthcare Financing and Insurance Models
• Module 3: Economic Evaluations in Healthcare
• Module 4: Policy Analysis and Program Evaluation
• Module 5: Resource Allocation and Cost Management
• Module 6: Global Health Economics and Emerging Challenges

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The CHEP certification is particularly valuable for a broad range of professionals in the healthcare, policy, and economics sectors. It is especially beneficial for individuals in the following roles:

• Healthcare Economists: Professionals specializing in healthcare economic research and modeling will find this certification instrumental in expanding their expertise and enhancing their ability to influence healthcare policies and practices.
• Healthcare Administrators and Managers: Leaders managing healthcare organizations and systems can leverage the CHEP program to improve resource management, financial performance, and operational efficiency.
• Policy Analysts: Professionals involved in healthcare policy development and evaluation can gain deeper insights into economic principles to create and assess impactful policies.
• Public Health Professionals: Those working in public health can use the certification to address the economic aspects of population health initiatives, resource planning, and global health challenges.
• Insurance and Payer Specialists: Individuals managing healthcare insurance systems and payment models will benefit from learning advanced methods for cost control, risk assessment, and value-based payment systems.
• Pharmaceutical and Biotech Professionals: Experts in the pharmaceutical and biotech industries can apply health economics to evaluate drug pricing, market access, and the economic impact of new therapies.
• Academicians and Researchers: Educators and researchers in health economics can enhance their subject matter expertise and gain recognition in their field through this certification.
• Government Officials and Regulators: Policymakers and regulators in healthcare can utilize the CHEP certification to design and implement economically sustainable and equitable healthcare systems.
• Consultants in Healthcare Economics: Professionals offering consulting services in healthcare economics can strengthen their ability to advise clients on optimizing healthcare delivery and financing models.
• Global Health Practitioners: Individuals addressing international healthcare challenges will benefit from the global perspective and tools provided in the CHEP program to design solutions for diverse healthcare systems.

The CHEP certification is designed for professionals aspiring to enhance their impact in the field of health economics, whether by advancing their careers, contributing to innovative healthcare policies, or driving efficiency and equity in healthcare systems globally.