Finance for Pharmacists

Finance for Pharmacists

The Finance for Pharmacists programme will equip you with all the necessary skills and knowledge to successfully manage the financial aspects of running a pharmacy business. You will learn to read and use financial statements, understand financial analyses, and manage cash flows

Skills for running pharmacy finances complement your expertise in medicines

Operating a profitable pharmacy business in the Netherlands requires precise attention to details like running costs because governmental regulations reduced earnings for pharmacy businesses. So you need specific financial knowledge and skills to understand the value of working time and the trade-off between risk and return. But the long training to become an expert in medicines didn’t include these skills. This programme provides knowledge about budgets, finance, and forecasting so pharmacists can run an efficient and financially sound operation.

This two-day programme from RSM Executive Education gives you the skills and knowledge to manage and optimise the finances in your pharmacy business. It has been developed in collaboration with InnoviCare Academy, experts in the healthcare industry.

You can become a practitioner who also understands and resolves the financial challenges facing your business, smooths out inventory deficits (or surpluses), and capitalises on opportunities.

Learning objectives

After completing the programme, you will be able to:

  • read and understand financial statements
  • make forecasts from financial statements
  • optimise the management of your inventory
  • apply your newly learned tools and techniques to your work.
  • You are a pharmacist owning or running a small, medium or large pharmacy business, either on the high street or attached to a polyclinic, or you are the pharmacist responsible for operations in a larger pharmacy and want to develop your financial management skills.

  • During the Finance for Pharmacists Programme you will learn from Florian Madertoner. Occasionally we may substitute other faculty members according to the content of the programme and their availability.

    Florian Madertoner
    Florian Madertoner lectures at RSM, and researches capital structure theory, behavioural finance, fraud, and the history of finance. Florian teaches banking, finance and business in three modules and a minor in RSM’s international bachelor programme, and financial analysis and valuation in the MSc Finance & Investments, and also about financial markets and communication in RSM’s Executive Master in Corporate Communications. He received the "Professor of the Year Award" in 2016, 2017 and 2018 for his undergraduate course on corporate finance. He worked in banking and forensic auditing for 10 years and holds a Master degree in banking and finance from the University of Vienna.

  • Fee

    € 2,195 (excl. 21% VAT) including course materials, lunches, and snacks. This fee does not include hotel accommodation.
    10% discount for alumni from Erasmus University Rotterdam and RSM. More information about the discount.

    General terms and conditions

    Our general terms and conditions apply when you register for an open programme. Please review them to learn more about our policies for cancellation, deferral and substitution.


    The programme takes place in the Bayle building on the Woudestein Campus of Erasmus University Rotterdam. 

    Hotel accommodation

    We recommend Novotel Rotterdam Brainpark Hotel, adjacent to the university and less than five minutes’ walk from campus. Participants benefit from special rates.