The (r)evolution of healthcare Private Public Partnerships (PPPs)
There is no country in the world where healthcare is financed entirely by the government. While the provision of health is widely recognised as the responsibility of government, private capital and expertise are increasingly viewed as welcome sources to induce efficiency and innovation. What is less clear, however, is the appropriate balance of public to private resources in financing and managing health. Debates on this topic are laced with discussions about various structures that ensure the best possible return for both taxpayers and the private sector.
One such structure is a public-private partnership (PPP). Building on two decades of experience in PPPs for health infrastructure, governments are increasingly looking to this model to solve larger problems in care delivery and wellness. As PPPs move from replacing crumbling inpatient structures to managing care delivery, the impact on overall costs is far more substantive and sustainable. However, wrestling down the rapid pace of medical costs adds a higher level of difficulty and complexity.
As we describe in this report, PPPs can evolve to bend the cost curve. Across the globe, these partnerships are being crafted to make government and private industry more accountable for maintaining each nation’s most precious national resource: the health of its citizens.
New Zealand Perspective
Read our New Zealand summary to this global publication for perspectives on the values of PPP for addressing larger challenges facing the New Zealand health sector.