By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    How Not to Become a Victim of Medical Scams
    How Not to Become a Victim of Medical Scams
    December 22, 2021
    11 Ways You Can Care for Your Elder Family Members Health
    11 Ways You Can Care for Your Elder Family Members Health
    April 6, 2022
    How Can Brain Injury Lead To Dangerous Long-Term Effects?
    How Can Brain Injury Lead To Dangerous Long-Term Effects?
    August 30, 2022
    Latest News
    The 6 Most Common Injuries Resulting from Motorcycle Accidents
    January 30, 2023
    6 Essential Strategies for Improving Your Medical Practice
    January 25, 2023
    Staying Positive While Living with Mesothelioma
    January 24, 2023
    The Many Health Benefits of Being Outdoors
    January 17, 2023
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    health benefits on Marijuana
    California Advocates Cite Health Benefits of Cannabis Legalization
    February 5, 2021
    Is It Right To Opt For A Home Care Service For Elderly Loved Ones?
    April 17, 2020
    Addressing Mental Health Problems in America’s Schools
    July 10, 2018
    Latest News
    Simplifying the Genetic Testing Process: How At-Home Kits are Changing the Game
    January 25, 2023
    9 Hospitals That Have Introduced Green Initiatives
    January 25, 2023
    Why a Health Retreat Can Be the Best Medicine
    January 12, 2023
    Best Money-Saving Tips for Health Managers
    January 12, 2023
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Strengthening Global Healthcare Systems Through Public-Private Partnerships
Share
Sign In
Notification Show More
Latest News
investing in senior care
5 Reasons Why Investing in Senior Care Is a Wise Choice?
Senior Care
prevent birth injuries
Distressing Birth Injuries and How They Can Be Prevented
Women Health
reduce infertility risks
Lifestyle Choices You Can Make to Minimize Infertility
Pregnancy
stablecoins in healthcare
Stablecoins May Change the Future of Healthcare Billing
News
Personal Injury Healing Tips and Strategies
Personal Injury Healing Tips and Strategies
Health
Aa
Health Works CollectiveHealth Works Collective
Aa
Search
Have an existing account? Sign In
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Strengthening Global Healthcare Systems Through Public-Private Partnerships
BusinessFinanceGlobal HealthcarePublic Health

Strengthening Global Healthcare Systems Through Public-Private Partnerships

Roland Chalons-Browne
Last updated: 2015/04/08 at 8:00 AM
Roland Chalons-Browne
Share
5 Min Read
public private partnerships
SHARE

Following the recent financial close of the Bilkent Integrated Healthcare Campus in Ankara – Turkey’s third and largest-ever healthcare public-private partnership (PPP) – it seems a good moment to take stock of the role PPPs are playing in today’s healthcare systems. As such, I would like to share some thoughts on this topic, based on Siemens Financial Services’ experience as a long-term partner and investor in global healthcare projects.

Controlling costs and ensuring quality

Following the recent financial close of the Bilkent Integrated Healthcare Campus in Ankara – Turkey’s third and largest-ever healthcare public-private partnership (PPP) – it seems a good moment to take stock of the role PPPs are playing in today’s healthcare systems. As such, I would like to share some thoughts on this topic, based on Siemens Financial Services’ experience as a long-term partner and investor in global healthcare projects.

Controlling costs and ensuring quality

More Read

cybersecurity options for hospitals

Should Hospitals Use SASE or Traditional Network Security?

The Technology and Services You Need to Open Your Own Counseling Office
Do You Need Life Insurance? What Does It Cover?
5 Ways New Technology is Revolutionizing Health
Are your Health Workers Properly Protected?

Shifting demographic factors, such as population growth and ageing, urbanization, and high levels of chronic disease, are putting the world’s healthcare systems under severe strain. As such, ensuring the development of adequate resources and access to healthcare services has become an increasingly costly priority for those responsible. With public hospitals accounting for the largest share of global healthcare spending, governments across the world are increasingly turning to PPPs as the primary mechanism for delivering healthcare services to meet this growing demand.

PPPs are a tried-and-tested solution enabling costs to be controlled and services to be delivered efficiently by aligning project-stakeholder interests through delivery-based performance payments. Importantly, PPPs provide a flexible risk-sharing model that can be applied to a wide range of healthcare situations: from hospital construction to clinical care and support and management services. As such, PPPs provide a customizable solution that can meet individual project and different country or municipal healthcare-system requirements. Governments, project partners and financiers now have a large toolkit of best-practice models at their disposal to use as benchmarks for new projects, fine-tuning risk-sharing models to tailor individual solutions to specific projects.

Rolling out public-private partnerships globally

The potential to increase healthcare capacity and quality efficiently means that some countries have developed long-term healthcare PPP investment programs, building the necessary procurement expertise and providing private-sector partners with a transparent pipeline of investable opportunities. Australia, for example, has had notable success in this regard, with a number of major hospital projects being financed through PPPs, such as Sunshine Coast University in Queensland and, more recently, Bendigo in Victoria – both projects in which we act as a supporting consortium partner and equity investor.public private partnershipsThis success has led other countries, including those in emerging markets, to follow suit. In Turkey, for instance, two major hospital projects – the Adana Integrated Healthcare Campus and the Bilkent Integrated Healthcare Campus in Ankara – have recently been procured using the PPP model as part of the government’s progressive Health Transformation Program. We helped finance both projects through debt contributions respectively. Using the PPP model, we have also helped finance a new cancer treatment centre in Poland. Certainly, successful projects like these indicate the growing confidence in PPPs as a mechanism for delivering projects in today’s global healthcare markets. 

Putting patient outcomes first

With innovation driving improvements in healthcare delivery and services, the private sector is best placed to ensure that healthcare facilities can meet rising patient and public-sector expectations for clinical excellence and value for money. Increasingly, however, we are seeing a shift away from contractual service-delivery relationships towards partnerships focused on clinical outcomes. With patient outcomes increasingly becoming the key performance indicator – and rightly so – clinical expertise and a holistic understanding of healthcare service provision and delivery will be the main drivers of success in the global healthcare PPP market for the future.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Roland Chalons-Browne April 8, 2015
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Big Data in Healthcare [INFOGRAPHIC]
Next Article massachusetts general hospital Who Knew? Facebook Tops HCAHPS as Measure of Care

Stay Connected

1.5k Followers Like
4.5k Followers Follow
2.8k Followers Pin
136k Subscribers Subscribe

Latest News

investing in senior care
5 Reasons Why Investing in Senior Care Is a Wise Choice?
Senior Care January 30, 2023
prevent birth injuries
Distressing Birth Injuries and How They Can Be Prevented
Women Health January 30, 2023
reduce infertility risks
Lifestyle Choices You Can Make to Minimize Infertility
Pregnancy January 30, 2023
stablecoins in healthcare
Stablecoins May Change the Future of Healthcare Billing
News January 30, 2023

You Might also Like

at-home genetic testing method kits
Global Healthcare

Simplifying the Genetic Testing Process: How At-Home Kits are Changing the Game

January 25, 2023
green hospitals
Hospital Administration

9 Hospitals That Have Introduced Green Initiatives

January 20, 2023
benefits of going on a health retreat
Global HealthcareHealth

Why a Health Retreat Can Be the Best Medicine

January 12, 2023
saving money in healthcare
BusinessGlobal HealthcareHospital Administration

Best Money-Saving Tips for Health Managers

January 12, 2023
//

We influence million of users and is the most authentic source of information on healthcare business and technology news.

Quick Links

  • About
  • Contact
  • Privacy
Subscribe

Subscribe to our newsletter to get our newest articles instantly!

Follow US

© 2008-2023 HealthWorks Collective. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?