Future Financial Economics of Health Professional Education Proceedings of a Workshop (2017) / Chapter Skim
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Appendix B: Future Financing of Health Professional Education Workshop Background Document
Appendix B: Future Financing of Health Professional Education Workshop Background Document
Pages 95-98
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From page 95... ...
With increased attention to the social determinants of health, the definition of what makes up a health workforce continues to expand and include such groups as community health workers, behavioral specialists, community advocates, and others outside of the traditional mainstream health sector. Another health system change stems in part from new payment and care delivery models that emphasize team-based care for improved quality and safety.
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From page 96... ...
The following set of guiding principles builds on these financial considerations by putting forth what the authors believe is an ideal for what a well-designed HPE system would be founded on: • responsive to society: Investments in HPE should be responsive to population health needs. They need to create incentives that move the market toward producing more health professionals who are trained and thus work in a range of settings and geographies as dictated by the population (McPake et al., 2015)
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From page 97... ...
Human capital contracts are equity-like instruments because the investor's return will depend on the earnings of the student, not on a predefined interest rate. The effects of these arrangements are, among others, less risk for the student, transfer of risk to a party that can manage it better, increased information regarding the economic value of education, and increased competition in the higher education market (Palacios, 2002)
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