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The intersection of financial modeling and public health: A conceptual exploration of cost-effective healthcare delivery


Article Information

Title: The intersection of financial modeling and public health: A conceptual exploration of cost-effective healthcare delivery

Authors: Stephane Jean Christophe Zouo, Jeremiah Olamijuwon

Journal: Finance & accounting research journal

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Year: 2024

Volume: 6

Issue: 11

Language: en

DOI: 10.51594/farj.v6i11.1699

Categories

Abstract

This review paper explores the intersection of financial modeling and public health, highlighting the importance of cost-effective healthcare delivery in contemporary health systems. Financial modeling serves as a crucial tool for policymakers, providing evidence-based insights that inform decision-making and optimize resource allocation. Key financial models, including cost-benefit analysis and predictive modeling, are examined for their applications in public health initiatives, particularly in areas such as preventive care and chronic disease management. The paper discusses core public health priorities—prevention, access, and quality—and the economic constraints faced by healthcare systems. Recommendations are provided for policymakers and healthcare professionals to enhance the application of financial models, emphasizing the need for training, investment in data infrastructure, and fostering cross-sector collaborations. By leveraging financial modeling, public health systems can achieve improved health outcomes while maximizing resource efficiency, ultimately contributing to a more sustainable and equitable healthcare landscape..
Keywords:  Financial Modeling, Public Health, Cost-Effectiveness, Healthcare Delivery, Resource Allocation, Preventive Care.


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