Question

Healthcare Financing

Explain the meaning of corporate status in relation to healthcare organizations, and the advantages corporate status provides.

Answer 1

Definition of corporate status with respect to healthcare organisation and advantages

- mobilization of funds for health care

- allocation of funds to the regions and population groups and for specific types of health care

- mechanisms for paying health care

- Health services financed broadly through private expenditure or public expenditure or external aid

- central and local government funds spent by state owned and parastatal enterprises as well as government and social insurance contributions

- where services are paid for by taxes, or compulsory health insurance contributions either by employers or insured persons or both this counts as public expenditure.

- Voluntary payments by individuals or employers are private expenditure.

- The ownership of the facilities used whether government by government, social insurance agencies, non profit organizations private companies or individuals is not relevant