Health Economics & Financing

Healthcare financing refers to the mobilisation of funds for healthcare and mechanisms for paying for healthcare services. Healthcare financing entails allocation of funds to regions, groups and specific types of healthcare. Healthcare is financed through public expenditure, private expenditure or external aid. The primary role of financial management in healthcare organizations is to manage money and risk in a way that helps to achieve the financial goals of the organization. ... Evaluation and planning: Involves evaluating the financial effectiveness and overall operations of the healthcare organization to plan for the future.