[As part of its Making Markets Work conversation, Devex highlights results-based financing and talks to Marty Makinen, an executive vice president at R4D, on a TRAction study he’s leading in Senegal.]
Health clinics in low- and middle-income countries are increasingly finding that good work can pay off.
Known by a number of names, including results-based financing and performance-based incentives, this health financing mechanism has a simple premise: To reward health service providers — often with money — for positive results. This should lead to even better outcomes for providers and patients alike.
“RBF links monetary and nonmonetary incentives with performance against quality and outpost goals at every level of the health care system, with an emphasis on local management and clinical care providers,” explained Jean Kagubare, global technical lead of health care financing for the international global health nongovernmental organization Management Sciences for Health.
