Impact of financial Resilience and financial performance of healthcare sector in UK during COVID-19

Comments · 130 Views

Promoting the general physical, mental, and social well-being of individuals around the world depends in large part on the availability of healthcare.

Promoting the general physical, mental, and social well-being of individuals around the world depends in large part on the availability of healthcare. A country's economic and general development are greatly aided by having an effective and efficient healthcare system, which is essential for the wellbeing of its population.

According to a report released jointly by the World Health Organization (WHO), the World Bank, and the OECD, underdeveloped health systems impede the improvement of health in nations of all income levels.

The performance of the healthcare system is directly related to the achievement of Universal Health Coverage, the overarching goal of the Sustainable Development Goals that should support the achievement of both health and non-health aims.

According to essay typer , Over the past 30 years, healthcare systems around the world have undergone extensive modifications and reforms, which have improved healthcare.

We saw during the most recent COVID-19 Corona epidemic that the nations with strong healthcare systems were less impacted than those with weak healthcare systems. In general, though, COVID-19 has also highlighted issues with our healthcare systems that need to be fixed. The crisis served as a reminder of the value of providing health systems with sound governance and leadership, efficient human resource exploitation, continuous supply chain management, equitable financial resource allocation, effective information and surveillance mechanisms, along with robust service delivery to the community.

The ability to bounce back swiftly from setbacks, as well as physical, mental, or emotional tenacity, are all examples of resilience. I have not failed, as Thomas Edison famously remarked. I've just discovered 10,000 methods that won't work. Any health organisation with this capability either refuses to be discouraged by challenging conditions or quickly returns to the norm when those circumstances pass. All nations' healthcare systems, but notably those in low- and middle-income nations, need to be resilient enough to see challenges as chances for growth, see the impacts as transitory rather than permanent, and avoid letting setbacks affect other sectors.

These health organisations should devote their time and effort to undertaking innovations, creating strong inter-sectoral partnerships, and networking, as well as strategic and operational planning, monitoring, and evaluation of their key result areas, time, stress, and self-management, and material, Financial analysis, and human resource management. Moreover, resilient organisations should prioritise effective communication, quality control, patient happiness, health sector changes, and enhancing healthcare providers' leadership and management capabilities.

Public health managers must receive urgent training on how to create resilient healthcare systems that are not just effective and efficient in normal healthcare but also able to react to crisis conditions in low- and middle-income settings. Healthcare practitioners should be able to conceptualise and apply such trainings using real-world examples and case studies in situations with limited resources. Such trainings should make use of the experiences and knowledge of those who work in academia, non-governmental organisations, and health systems at various levels in order to document effective and transferable practises relating to various health system building blocks.

There are a few forums in developing nations that work to increase the ability of public health managers and students by helping them acquire the critical abilities needed to improve healthcare systems. There are no other books on healthcare systems that are case study-based, useful, and comprehensively cover the topic.

Conclusion

What are the main conclusions, then? The health system must, first and foremost, be strong enough to confront challenges head-on without faltering. Second, we must teach healthcare professionals the required abilities so that they can keep going even under pressure. Third, we must dispel the misconception that an organisation cannot develop resilience on its own. Fourth, in order to create a resilient healthcare system, health organisations need to invest time and resources in developing specific Data Management and leadership abilities among healthcare professionals.

In conclusion, as a sector, we must carefully consider how resilient our healthcare systems are. How do we increase our resilience? What are the constraints and difficulties we have that can be transformed into opportunities and difficulties? Last but not least, is our healthcare system robust enough to weather any catastrophe, including COVID-19 and comparable pandemics?

To know more students can take help from Assignment Help London experts.

Comments