Funding Options for Healthcare Projects

 Funding Options for Healthcare Projects

There are many ways to finance healthcare projects including non-profit, public/private, and charity. Non-profit companies provide the funds directly to healthcare providers; public/private businesses put together partnerships with other companies and providers; charity provides funds for specific needs.

Non-Profit

Non-profit companies can fund healthcare projects many ways. In the past, non-profit organizations have been major funders of research and development with donations going directly to researchers. Non-profits usually seek sponsors for their endeavors in order to continue services; examples include the Susan G. Komen Breast Cancer Foundation which sponsors races and other activities, and The March of Dimes which sponsors events like the March for Babies Walkathon and research grants.

Public/Private Partnerships

Public/private partnerships usually start in the public sector with a need to be filled and the government (or other public entity) puts out a proposal for businesses to respond. After the business has been awarded, they put together a plan with the needs of the public sector and begin to work on a plan. The business management handles fundraising for any equipment or space they need for their project. The project is then implemented by either or both parties.

Charity

Charity is also an option for healthcare projects. Charities range from individual donations to the large amount of donations a few well-known charities will take. There are many types of charities for different needs and different people give charitable donations depending on the purpose.

Dollars For A Cure is one of the most well-known charity in the United States and has been around since 1953. It raises money to fund research against cancer, diabetes, heart disease, and HIV/AIDS.

Investment Firms

Projects that are directly funded by investment firms are usually the most able and most successful. Investment companies will invest in promising ideas with the hope that the company will become a “hot stock.” The investment firm, such as Chardan, will then start to make money when more and more people buy stock in the company, thus the “hot stock” designation.

No doubt the rapid advancement in stem cell research, and the general acceptance of its findings, will result in more investors jumping on the bandwagon. Many companies have flooded this market with their funds. With a greater demand for these molecules, there is a greater supply being manufactured to meet that demand. Although stem cell research is still relatively new and therefore has not been widely accepted by society as a whole, it has still gained significant funding through conventional sources such as grants from major medical institutions or government agencies.

The conclusion to financing healthcare projects is by either investing or through non-profit, public/private, and charity options. What mostly drives a business to pursue a healthcare project is the need for funding. In order to finance these projects, you must understand how the money needs to be handled and what it will be used for. Once this has been determined, then there are different ways of achieving your goal that involve different financing options: non-profit companies provide funds directly to providers; public/private businesses combine money with other companies and providers; charities provide funds for specific needs.

Dana Heald

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