Introduction
A vital component of health systems, health funding, may advance the goal of universal health care by increasing the effectiveness of coverage and financial security. Due to the high cost of services, millions of people today do not have access to them. Health funding strategies can assist in addressing these issues.
Main Body
This concept is close to the biblical verse, “Heal the sick, cleanse lepers, cast out demons; You received without paying and give without pay” (Matthew 10:8). The definition of health resource includes everything that can be utilized to offer health care, including equipment, people, and money (Getzen & Kobernick, 2022). This connects funding for healthcare to other areas of the field.
The issue of how to finance medical care is one of the most crucial and difficult ones. Since it is unexpected and extremely volatile, it differs from most other sources of economic activity and consumer expenditure (Hunter & Murray, 2019). Healthcare delivery is heavily reliant on prudent financial judgments and policies. There are a number of flaws in the healthcare procurement marketplaces, including inconsistent customer choice, uneven competition, and insufficient information (Getzen & Kobernick, 2022). This may be considered a significant effect of financing on the provision of healthcare.
A cost-effectiveness analysis may be used in many different aspects of health care. In essence, it is a systematic evaluation of the trade-offs between the advantages, drawbacks, and costs of various solutions (Brouwer et al., 2019). For instance, providing all health benefits would require sacrificing resources that may be utilized to further critical objectives. In these circumstances, cost-effectiveness analysis can aid in determining if more effective use of resources is feasible (Brouwer et al., 2019).
Conclusion
Within these settings, the MSN-trained nurse may be a key player in working with other leaders to identify issues and offer solutions. To guarantee that MSN-trained nurses can manage the financial aspects of healthcare, they must be familiar with budgeting, health insurance, and payment.
References
Brouwer, W., van Baal, P., van Exel, J., & Versteegh, M. (2019). When is it too expensive? Cost-effectiveness thresholds and health care decision-making. The European Journal of Health Economics, 20(1), 175-180. Web.
English Standard Version Bible, 2021, Matthew 10:8.
Getzen, T. E., & Kobernick, M. S. (2022). Health economics and financing. John Wiley & Sons.
Hunter, B. M., & Murray, S. F. (2019). Deconstructing the financialization of health care. Development and Change, 50(5), 1263–1287. Web.