SIDE MEETING

SE009

Private sector funds for private sector health – a feasible strategy to increase access to health care?

Meeting Organizer

United States Agency for International Development (USAID)

The World Bank

Contact Person : Kuyosh Kadirov, kkadirov@usaid.gov

28 January 2020
14:00 - 17:30 hrs.
Venue : Lotus Suite 12

Open to All Participants

BACKGROUND :

This session is part of a 4-session USAID submission for side-sessions on Financing, Policy, Service Delivery, and HIV/AIDS. This session focuses on Financing. In 2016, WHO estimated the funding gap to achieve the health SDGs in low- and middle-income (LMICs) to be approximately $134 billion. WHO expects this gap to increase threefold by 2030. Countries need additional resources to finance growing demand for health care coupled with commitments to achieve universal health coverage, rising costs of the services, and declining donor commitments. In response, recent focus by the global health community has been on increasing government resources for health to pay for infrastructure, human resources, medicines and commodities across the health system. At the same time, governments and other stakeholders perceive that the private sector can help serve the public good by increasing access to more, and more responsive services; managerial talent; technology and innovation; and funding and investment. They recognize that the private sector is an important source of health care – even for the poor. Thus resource mobilization for and investment by local companies and investors in private sector health care has emerged as an important topic in LMICs. This includes growing interest to expand blended financing initiatives and new, innovative approaches that stimulate private sector investment in health. The question of whether such strategies are feasible, and how we can best engage the private sector remains open for debate.

OBJECTIVES :

This session will provide an interactive forum for participants to expand their understanding of current and potential sources and enablers and inhibitors of private sector investment in private sector health. Participants will be able to: - Identify two key roles of the private sector to mobilize and deploy resources for health - Define the concept of blended finance, and recall one example where it has been used to leverage public resources to mobilize private capital for health - Recall at least two innovative financing approaches involving private investment in the private health sector in a LMIC and articulate a positive and negative feature of each - Relate concepts and lessons learned about what works/does not work concerning private sector solutions for health to their own country context, and how to overcome challenges Speakers and proposed role (tentative): • Abt Associates, SHOPS Plus Deputy Director: moderator • USAID Center for Innovation and Impact on innovative financing through the private sector and USAID’s Blended Financing Roadmap • SHOPS Plus Health Financing Director, on the landscape of “private to private” financing for health • USAID/Indonesia country program representative • Private health sector representative(s) which may include a private health service innovator: Sevamob (India, SSA), and/or a private sector impact investor: Aavishkaar, India • Senior USAID representative: discussant