Question

How do healthcare organizations finance their services?

Answer 1

Healthcare organizations finance their services in the following ways. Most organizatios do not finance their services with any one of the following ways, but usually a combination of the following ways :

• Government funding
• Charitable funding / NGO funding / donations
• Trust funding
• Out-of-pocket expenses by patients
• Insurance - including public, private, employer-sponsored etc.
• Employer funding (in case of healthcare organizations which operate exclusively for the establishing employers. For example, factory hospitals or clinics inside offices). This is also called corporate funding