In: Economics
Discuss the nature of Public Private Partnerships in providing high quality healthcare. While PPPs have worked successfully in the tertiary care sector can they also work for primary health?
Introduction
Health care is one of the key features which ultimately decides the quality of economic growth of a country. The relative life style of the people is an important indicator of economic progress which is different from just providing numbers.
Over the years, qualitative research has gained due importance while assessing growth in any economy and thus, the focus on health care is every increasing due to its nature.
Case Specifics:-
Discuss the nature of Public Private Partnerships in providing high quality healthcare. While PPPs have worked successfully in the tertiary care sector can they also work for primary health?
Over the years, public private partnerships have emerged as one of the key sources of providing high quality resources to the general public.
It is a method of providing services in which both government and private players, come together to form an organization which helps them earn profits, while at the same time allows better services to be provided to the society at large.
The government has a keen interest in making sure, that the health care of its nation remains relatively good. They have high availability of capital which can be infused whenever required urgently. The private players on the other hand know how to drive profits, by making sure that costs can be minimized, inventions can take place which reduce the impact of competition and have key knowledge on maintaining quality standards.
Thus, any entity which formulates because of amalgamation of government and private players particularly in the healthcare domain would tend to work out relatively well. This is because both parties have common goals and can mutually depend one another for their success.
Please feel free to ask your doubts in the comments section if any,