Healthcare Funding Assignment Paper
Running head: HEALTHCARE FUNDING Healthcare Funding Student’s Name Institutional Affiliation 1 HEALTHCARE FUNDING 2 Healthcare Funding Healthcare financing is an imperative system aimed at promoting the accomplishment of universal health coverage. According to WHO (2020), health funding involves three primary areas: raising funds to support health, alleviating financial obstacles to access healthcare through prepayment, and out-of-pocket payment and executing or utilizing the funds to promote efficiency and equity. Healthcare Funding Assignment Paper
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Schieber, Baeza, Kress, and Maier (2006) noted that health financing affords resources and the monetary incentives needed for operating the healthcare system forming the critical factor promoting performance of health system by promoting efficiency, equity, and excellent health results. The paper provides a board brief for the Acute Care Hospital, advocating for additional funding to meet the patient’s needs, especially the uninsured and underinsured. 1.1 Description of Funding Source in Healthcare Setting Some of the currently accepted funding sources in the acute care healthcare setting include private insurance, out-of-pocket funds, and government insurance programs (Schreck, 2020). Private insurance entail funds disbursed by both profits and not-for-profit insurance companies purchased by individuals and corporations as benefits for their employees. Healthcare Funding Assignment Paper