Healthcare expenditures are growing faster than GDP in most countries around the world. This increasing spending is forcing governments to tighten their belts, leverage the available financial resources more efficiently, and in some instances, prioritize the services to be delivered. Even though these sort of challenges remain prevalent in most nations, they are more acute in nations with emerging economies.
While companies such as 1FSS play a vital role when it comes to matters public healthcare financing, there is more to it than meets the eye. And that’s what this simple guide can help you uncover today. Read on below!
There’s no denying that successful health system transformation calls for strong and committed leadership from the word go. An excellent way to do this is by setting up a transformation office with a strong political mandate. Of course, it should be under the leadership of someone with sufficient sector experience to be credible and who is okay with making changes.
The office must also be empowered to track and support progress across all transformation parts, including the provider side. Keep in mind the transformation office needs to lead the overall communication strategy.
Whether the objective of financing transformation is to expand coverage, improve financial sustainability, or increase the healthcare quality, additional funding sources will likely be needed. This is primarily the case if the health system is financed from general government revenues or donor funding.
An excellent way to deal with this issue is by first calculating the 'fiscal space' for healthcare spending. By this, we are implying how much room there may be in the government's budget to increase or sustain spending, both now and in the future.
Regardless of the model you settle on, one or more companies must be responsible for strategically purchasing the healthcare services being funded. The essence of doing this is to ensure that the ‘payer’ and ‘provider’ functions are effectively separated from the word go.
Establishing a purchasing entity goes a long way in helping clarify responsibilities across usually rigid healthcare systems. If this is not enough, it opens the door for the introduction of market forces and performance-based competition across service providers. Be sure to research remarkable health system financing more before deciding on anything.