Define finance3/9/2023 ![]() ![]() Health financing reforms cannot simply be imported from one country to another given the unique context of each country and its starting point in terms of health financing arrangements the underlying causes of performance problems differ in each country and it is these causes which the reforms proposed in a health financing strategy must address. In addition, all countries have policies on which services the population is entitled to, even if not explicitly stated by government by extension those services not covered, are usually paid for by patients (sometimes called co-payments). purchasing of services (the payment or allocation of resources to health service providers).pooling of funds (the accumulation of prepaid funds on behalf of some or all of the population).revenue raising (sources of funds, including government budgets, compulsory or voluntary prepaid insurance schemes, direct out-of-pocket payments by users, and external aid). ![]() WHO’s approach to health financing focuses on core functions: For example, contracting and payment arrangements can incentivize care coordination and improved quality of care sufficient and timely disbursement of funds to providers can help to ensure adequate staffing and medicines to treat patients. Carefully designed and implemented health financing policies can help to address these issues. Many others receive poor quality of services even when they pay out-of-pocket. Today, millions of people do not access services due to the cost. Health financing is a core function of health systems that can enable progress towards universal health coverage by improving effective service coverage and financial protection. ![]()
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