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Critical Discussion of Finance methods - Essay Example

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School of Health and Bioscience Heath Studies BSc (Hons) Health Services Management HS3105: Understanding Health Systems Finance Critical Discussion of Finance Methods Introduction Health is one component in life that we cannot do without and according to Gottrett and Schieber (2006), they explain that “Health has been widely recognised currently as a basic human right, and the urgency of some global health issues has pushed global health policy to the top of international agenda.” Furthermore they clarify that with the current trend of globalization in comes the flow if ideas, capital and the number of humanity across which has quite a huge impact and results when it comes to the treatme…
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Download file to see previous pages It is with this in mind that this essay will be tackling the aspect of healthcare and the policies put in place for the healthcare funding. The paper will look at the healthcare system in general and how the funding has been set up in order to maintain the healthcare policies (Sussex, & Farrar, 2009). The emphasis of the paper is to try and understand how the sustainable healthcare funding works whether it is appropriate or not and in addition I will look at the different types and methods of healthcare funding and how they impact the major stakeholders i.e. the patients, practitioners and even the managers (Westmoreland, & Watson, 2006). Finally for the healthcare financial system to be understood, the techniques used by the stakeholders will come in handy therefore I will tackle the perspective of the healthcare enabling the managers to maintain a good service of the highest quality. I have split the paper into different sections under which each segment for the healthcare systems will be tackled. The first one is the introduction to set the motion rolling, thereafter I will look at the healthcare systems and how there are different methods of funding. I will critically analyse the two approaches I deem fit for the healthcare funding with each having the strength and the weakness and how viable they are there after I will include the discussion of the applications of the healthcare funding we have looked at. Finally I will conclude the essay by reviewing the whole essay and also giving my own opinions of the said topic. All the facts will be supported by relevant research materials from other like minded authors and academicians. Healthcare Schieber et al. (2006) explains that “… as a result of the international focus on poverty reduction, the HIV/ AIDS pandemic and the MDGs (Millennium Development Goals), the international health financing policy has evolved over the past decade from defining a basic package of cost-effective health services to figuring out how to finance and deliver those services equitably and efficiently, to recognizing the need to scale up health systems to meet basic service needs and achieve MDGs, which will require amounts of DAH (development Assistance for Health) for poor countries.” This means that the health sector has played a major role in every other factor concerning the development of countries and for the achievement of the MDGs, this is especially an area of focus in the Low and Middle Income Countries where majority of their GDP (Gross Domestic Product) has been spent in the health care system and therefore it is prudent for policies to be set up in many countries in order to help improve the health care system as this will imply money saved to develop other important areas for the achievement of MDGs and also to reduce the preventable diseases easily (Navarro, 2010). The health care sys ...Download file to see next pagesRead More
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