Why is Health Economics a hot topic today?
· Because financing healthcare is a global challenge for both high and low income countries
Financing and improving the quality, safety, accessibility and productivity of healthcare systems is a global challenge today. Populations are ageing, we all wish to live long and maintain a good quality of life. But what is the value in health, and how to measure quality of life? Citizens’ expectations and demand for health services are ever increasing, while healthcare costs are rocketing. The pharmaceutical sector, biotechnology, medical device and digital health industries are booming; the innovation in the health and beauty industry is dynamically changing putting a large pressure on healthcare systems.
· Because it combines the unique data analytic skills and professional knowledge from the fields of economics and health sciences
Healthcare funding bodies and insurers demand more and more well-trained professionals to work at various levels of the decision preparation and -making processes. Competencies and requirements for young professionals are also changing; improving the awareness and application of the cutting-edge methodologies, outcome measures and forms of data collection is essential. On the other side of the health industry, in the field of biotechnology, intelligent medical devices, big data and artificial intelligence have become highly profitable industries worldwide.
What the Health Policy, Planning and Financing MSc programme offers?
· Strong theoretical basis
Our programme equips students with a strong theoretical knowledge in health policies, health economics and various methodologies used to assist health policy and financing decisions, and provides a comprehensive understanding of the complexities of healthcare systems. The programme prepares students to adapt the rapidly changing knowledge requirements and technology trends of the healthcare and biotechnology sectors.
· Education tailored to individual needs and interests
Furthermore, through a rich selection of elective courses offered by the programme, students are able to tailor their studies to fit their interests and professional needs. Students applying for the ‘health economics specialisation’ will develop an advanced knowledge of health economic analysis, pharmacoeconomics, modelling and health technology assessment. The specialization also supports the acquisition of basic research and quantitative skills. Our courses use a mix of interactive lectures, in-class discussions, problem-solving activities, student presentations and group works. Individual mentoring is available for all students from the beginning of the first year of the programme provided by experienced researchers of our department. In the last semester, students complete a 12-week internship in their chosen carrier field. The internship offers an invaluable first-hand work experience to put theory into practice and to further enhance students’ employability.
· Opportunity for real world research or work experience
Students will benefit from the daily interactions with the researchers of the Department of Health Economics who are leading in various international and local research projects. Our research portfolio covers a wide range of topics including health policy and financing, outcomes research, quality of life research, costing, cost-effectiveness, budget impact analysis, economic modelling, innovation- and bio-economics, public health and health technology assessment. Students will participate in our ongoing research projects related to their master’s thesis. The skills gained through studies will help our students to succeed in various work environments, such as healthcare providers, health administration, government, funders, consultancy agencies, pharmaceutical and medical device industry, research organisations and academia in any country of the world. Students aiming to pursue postgraduate studies may apply to our ‘immersion community’ PhD programme (theory and practice entwined) offering a competitive fellowship (available for Hungarian and international students).