A new report from mHealth Alliance and Vital Wave explores the available options and opportunities for sustainable financial models in mHealth.
Identifying the lack of viable financial models for the mobile health industry, the partners behind the new report say their aim is to help answer the questions: “Who pays for mHealth, and at which stage is their investment most needed and appropriate?”
According details contained in a press release issued Friday, the report uses a value chain analysis framework to evaluate five financial models for mHealth.
“The question of financial sustainability and ultimately who will pay for mHealth interventions has been a persistent barrier for growth and investment in this field,” says Patricia Mechael, Executive Director of the mHealth Alliance. “This report provides valuable insights across all facets of the mHealth community as to how we confront these challenges and develop sustainable financial models for mHealth projects in low- and middle-income countries.”
“Organizations need to have long-term incentives to purchase mHealth products or services in order to build sustainable financial models,” adds Brendan Smith, Vice President of Consulting Services for Vital Wave. “mHealth implementers must perform rigorous analysis of a project’s value chain and proactively monitor and rebalance it to ensure long-term sustainability.”
The full report is now available online. To review the findings and projections, click here.