Expert urges intervention in health care financing
A leadership development expert, Dr. Kelechi Ohiri, has called for an intervention fund to revamp health care delivery in Nigeria like those offered by the Central Bank of Nigeria (CBN) to agriculture, aviation and the manufacturing industry.
Dr. Ohiri who is the Health Leadership Academy (HLA) advisory board member/CEO, Health Strategy and Delivery Foundation, told our correspondent in Abuja that such a fund was critical to help raise health care delivery standard in Nigeria.
“There are several market failures in health care that need to be addressed, one of which is access to capital. In the other sectors they have had intervention funds, they’ve ways of reducing the cost of capital and I think the health sector needs something of that nature. Either intervention funds or a market driven approach to reduce the cost of capital, it could even be by risks guarantee or other financial instruments,” he noted.
He also urged the government to create an enabling environment to attract private sector investments in healthcare delivery.
“How do we as a country create the enabling environment to attract private sector investments in health care delivery and compliment what the government is doing? Also, how do we set the right policy framework to ensure that care is accessible to everyone, rich or poor?” he asked.
He said HLA was focused on building competencies in health care institutions so they can run the institutions profitably.