By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth 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
    stress disorder
    5 Ways To Manage Post-Traumatic Stress Disorder
    October 27, 2021
    Medical device classification and development strategies
    Medical device classification and development strategies
    April 5, 2023
    varicose veins
    Varicose Veins Prevention: 3 Lifestyle Changes to Make Right Now
    May 1, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • 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
    Community Connection: Training Lay Responders For Disaster
    Community Connection: Training Lay Responders For Disaster
    April 14, 2019
    How Healthcare Organizations Can Improve Data Security
    September 28, 2020
    4 Car Accident Injury Tips To Get The Compensation You Deserve
    November 2, 2021
    Latest News
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Why a Banker is Good for the Global Fund
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Global Healthcare > Why a Banker is Good for the Global Fund
Global Healthcare

Why a Banker is Good for the Global Fund

Amanda Glassman
Last updated: January 31, 2012 6:13 am
Amanda Glassman
Share
4 Min Read
SHARE

For a long time, the Global Fund focused on disbursing money, and disbursing as quickly as possible. The philosophy was something like: move the money and the recipient knows what to do. Yet several studies showed that funds were not allocated in a manner that maximized health results. And over the last year, in the wake of audits detecting misuse of a modest amount of resources, the emphasis shifted to fiduciary controls and oversight mechanisms.

 

For a long time, the Global Fund focused on disbursing money, and disbursing as quickly as possible. The philosophy was something like: move the money and the recipient knows what to do. Yet several studies showed that funds were not allocated in a manner that maximized health results. And over the last year, in the wake of audits detecting misuse of a modest amount of resources, the emphasis shifted to fiduciary controls and oversight mechanisms.

 

More Read

Does Legalized Marijuana Impact the Healthcare Industry?
Do HMOs Deserve A Bad Reputation? The Truth Of Managed Healthcare
5 Healthcare Industry Issues of 2016
Using Valerian Root and Melatonin Together for Sleep Disorders
Obamacare Subsidies Continue, Court Rules. Now Let’s Get to Work.

Yet the Fund -like other global health funders- faces a final frontier: how can the organization invest its resources to obtain the highest health return possible?

Answering this question requires a fundamental rethink of the organization’s role as a commissioner of or payer for health services and, ultimately, health outcomes. Instead of a passive cashier, the Fund can become an active and strategic investor in the shared enterprise of producing health results. And that is a banker’s business.

To move from cashier to investor, the Fund needs new information, competencies and organizational arrangements that allow it to commission or purchase care, outputs and outcomes effectively and responsibly.

The Fund has led on these issues in the past, and is a leader in transparency and providing information to the public, as well as collecting prices and procurement information. Yet more can be done.

An agency that plans to commission needs a clear definition of what interventions are to be purchased -at what minimum quality standard, on both the supply- and demand- sides. Ideally, interventions and products to be financed will be identified through a country-run process that rigorously considers economic evaluation and affordability, as well as social preferences and ethical considerations. Once a country has determined the appropriate mix of interventions that maximizes health impact within a given priority, countries -with Fund or partner support if needed- will need to track how much it costs to provide, how much is spent, and how results can be measured and attributed at baseline and follow-up.

This is not research or academic nicety, but rather the necessary intelligence that will allow for effective policy in a recipient country and a return on investment by the Fund. With this information, the Fund and its recipient partners can implement genuine performance-based contracts based on mutual accountability with a quantifiable, credible return on investment.

In the absence of such intelligence, analysis and support ex ante and during implementation, proposals are filled with hundreds of non-standardized performance indicators, budgets are submitted with no financial or operational connection to performance indicators and targets, and the focus is on producing receipts instead of results.

As Gabriel Jaramillo begins his work, his banking background should serve him well.

TAGGED:Global Fund
Share This Article
Facebook Copy Link Print
Share
By Amanda Glassman
As a healthcare blogger and author, I have been writing about the latest developments in the medical field for over 10 years. My work has been featured on various online publications, including Healthline and WebMD. I am passionate about educating people on how to stay healthy through proper nutrition and exercise practices. In addition to my blog posts, I have also authored several books that focus on health topics such as dieting tips, disease prevention strategies, and mental health awareness initiatives. My goal is to provide readers with reliable information so they can make informed decisions regarding their well-being.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025
recovering from injury
Rebuilding After Injury: Path to Physical and Emotional Recovery
News
June 22, 2025
scientist using microscope
When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
Global Healthcare
June 18, 2025

You Might also Like

Worried About Teen Births? Read Our Paper

May 11, 2012
Ebola Education, Hospital Marketing, Healthcare Marketing, Healthcare Communication
BusinessGlobal HealthcareHospital AdministrationNewsPublic Health

Hospital Marketing and Ebola: Communication and Education Needed

October 30, 2014

Positive Client Survey Results for a Russian Maternal mHealth Program

January 23, 2014
Clinical Trials
Global HealthcareNewsPolicy & Law

Can You Participate in a Clinical Trial?

April 24, 2022
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?