Certified Health Economics Professional/Manager (CHEP)™/(CHEM)™

The Certified Health Economics Professional/Manager (CHEP)™/(CHEM)™ certification program is a globally relevant and analytically focused qualification designed for individuals seeking to build or advance careers in health economics, healthcare policy, and financial decision-making within healthcare systems. As healthcare costs continue to rise and resources remain limited, the application of economic principles is essential to ensure efficient allocation, sustainable financing, and improved health outcomes. This program equips participants with the knowledge and practical skills required to analyze healthcare systems, evaluate interventions, and support policy and strategic decisions.

Modern health economics goes beyond theoretical models—it involves real-world applications such as cost-effectiveness analysis, healthcare financing, policy evaluation, and resource allocation. Professionals must be able to assess the economic impact of healthcare programs, understand insurance systems, and evaluate the value of medical interventions. The CHEP™/CHEM™ program develops strong capabilities in economic evaluation, policy analysis, and financial management within healthcare. It also emphasizes global health challenges, emerging trends, and the role of economics in improving healthcare delivery.

Health economics professionals play a vital role in shaping healthcare policies, optimizing resource use, and ensuring value-based care. They help governments, healthcare providers, and organizations make informed decisions that balance cost, quality, and access. Graduates of the CHEP™/CHEM™ program will be equipped to manage health economics initiatives with analytical precision, policy insight, and strategic thinking.

Certification Program Objectives:

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

  • Understand Health Economics Fundamentals – Apply economic principles to healthcare systems and decision-making.
  • Analyze Healthcare Financing Models – Evaluate insurance systems and funding mechanisms.
  • Conduct Economic Evaluations – Perform cost-effectiveness and cost-benefit analyses.
  • Evaluate Healthcare Policies and Programs – Assess the impact and efficiency of healthcare initiatives.
  • Manage Resource Allocation and Costs – Optimize the use of limited healthcare resources.
  • Address Global Health Challenges – Analyze emerging issues and trends in global healthcare economics.

Certification Eligibility Criteria:

To apply for certification from The American Institute of Business and Management (AIBM) and its allied institutions, candidates must meet the following criteria:

  • A Bachelor’s degree from a recognized institution

And/or

  • 0–4.9 years relevant experience for Professional level (CHEP)™, or 5+ years for Manager level (CHEM)™.

Note: Applicants who do not hold a Bachelor’s degree but possess exceptional professional experience and hold significant positions within their organizations in a relevant field may also be considered for certification on a case-by-case basis, subject to the approval of the AIBM evaluation committee.

Certifying Examination:

  • To be certified as CHEP™/CHEM™, student should take up a 1.5 hours online exam conducted by AIIHM.
  • 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 Certification Title and its modules are regularly reviewed, updated and may change in alignment with evolving industry needs and regulatory standards.

Who Should Do This Certification:

The Certified Health Economics Professional/Manager (CHEP)™/(CHEM)™ certification is ideal for individuals seeking to develop analytical, financial, and policy-focused capabilities in healthcare. It is particularly valuable for:

  • Aspiring Health Economics Professionals looking to build strong foundations in healthcare economics.
  • Healthcare Administrators and Managers overseeing financial and operational decisions.
  • Public Health Professionals analyzing healthcare systems and policies.
  • Economists and Financial Analysts working in healthcare sectors.
  • Policy Makers and Government Officials involved in healthcare planning and regulation.
  • Insurance and Healthcare Finance Professionals managing funding and reimbursement systems.
  • Consultants and Advisors providing economic and policy insights in healthcare.
  • Researchers and Academics studying health economics and system efficiency.
  • Professionals transitioning into health economics roles from finance, economics, or healthcare backgrounds.

Key Benefits of CHEP / CHEM Certification:

  • Professional Recognition – Establishes credibility as a qualified health economics professional.
  • Career Advancement – Supports progression into roles such as Health Economist, Policy Analyst, Healthcare Consultant, or Finance Manager.
  • Economic Analysis Expertise – Develops strong capability in evaluating healthcare costs and outcomes.
  • Policy Evaluation Skills – Enhances ability to assess healthcare programs and strategies.
  • Resource Optimization Capability – Improves efficiency in healthcare resource allocation.
  • Financial and Insurance Knowledge – Builds understanding of healthcare financing systems.
  • Global Health Perspective – Provides insights into international healthcare challenges and trends.
  • Global Relevance – Applicable across healthcare organizations, government agencies, NGOs, and international institutions worldwide.

The CHEP™/CHEM™ certification empowers professionals to approach health economics with analytical precision, policy insight, and strategic thinking. By mastering economic evaluation, healthcare financing, policy analysis, and resource management, certified individuals are well-positioned to influence healthcare decisions, improve system efficiency, and contribute to sustainable and equitable healthcare systems.