According to the World Health Organization and the World Bank, up to 3.5 billion people – half the world’s population – lack access to the health services they need . The current pandemic has only intensified this situation, overwhelming global health systems, exacerbating health inequities and forcing vulnerable populations into even more precarious positions.
The pandemic has also stalled progress towards achieving universal health coverage (UHC) by 2030, the commitment made by all United Nations member states in 2015, and the COVID-19 response has made it clearer than ever that health coverage within and across countries is deeply uneven.
As we enter the third year of the pandemic, we can’t allow progress towards universal health coverage to slow. Though the pandemic has unlocked massive healthcare spending, crisis spending doesn’t equal long-term health system improvement or added resilience.
Here are three ways the private sector can help bring together tools, funding, and expertise as a means of strengthening health systems:
- Accelerate the digital transformation of healthcare to increase connectivity and drive technological innovation
- Develop financing solutions and sustainable, scalable business models
- Increase collaboration and active private sector engagement within the health ecosystem for more impactful partnerships