FUNDHOLDING Meaning and
Definition
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Fundholding refers to a healthcare system in which general practitioners (GPs) or primary care physicians are given the responsibility to manage and allocate funds for patient care. In this arrangement, a group of GPs is collectively responsible for a particular patient population and is given a budget or a fund to cover the costs of their patients' healthcare needs.
The concept of fundholding emerged as a part of healthcare reforms in some countries, such as the United Kingdom, during the 1990s. By providing GPs with financial control, fundholding aimed to improve the efficiency and quality of healthcare delivery. The fundholding system allowed GPs to make decisions based on the specific needs of their patients, managing resources in a manner that they believed would best serve their population.
Fundholding involves GPs acting as financial gatekeepers, with a set budget to cover the costs of various healthcare services, including referrals to specialists, diagnostic tests, and hospital treatment. This fiscal autonomy allowed GPs to have greater control over the allocation of funding, potentially leading to more responsive and patient-centered care.
However, the fundholding system has also faced criticism for potential inequalities in healthcare access, as GPs with larger budgets may have more resources to provide comprehensive care than those with smaller budgets. Overall, fundholding represents a model of healthcare financing and delivery that devolves financial responsibility to individual or groups of GPs, potentially improving efficiency and allowing for tailored care to meet the needs of specific patient populations.
Common Misspellings for FUNDHOLDING
- dundholding
- cundholding
- vundholding
- gundholding
- tundholding
- rundholding
- fyndholding
- fhndholding
- fjndholding
- findholding
- f8ndholding
- f7ndholding
- fubdholding
- fumdholding
- fujdholding
- fuhdholding
- funsholding
- funxholding
- funcholding
- funfholding
Etymology of FUNDHOLDING
The word "fundholding" is derived from the combination of two words: "fund" and "holding".
The term "fund" originated in the mid-17th century and comes from the Latin word "fundus" meaning "bottom" or "foundation". Over time, "fund" developed into a financial term referring to an amount of money saved or invested for a specific purpose.
"Holding", on the other hand, dates back to the Old English word "healdan" meaning "to grasp" or "to possess". It later evolved to refer to the act of retaining or owning something.
Therefore, when these two words are combined, "fundholding" refers to the act of possessing or managing a fund, usually involving one's ability to retain control over the allocated money. In certain contexts, "fundholding" specifically refers to individuals or organizations responsible for managing healthcare funds in the United Kingdom under the National Health Service system.
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