The role of microfinance in reducing poverty-driven healthcare costs: A systematic review

Aranas, Lolita L. ORCID: https://orcid.org/0000-0003-3944-8470 and Khanam, Rasheda ORCID: https://orcid.org/0000-0003-1130-2357 and Rahman, Mafiz and Nghiem, Son (2020) The role of microfinance in reducing poverty-driven healthcare costs: A systematic review. In: 1st Asia Pacific Conference on Sustainable Development of Energy, Water and Environment Systems (SDEWES 2020), 6-9 April 2020, Gold Coast, Australia.

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Abstract

The global health sector has identified poverty-driven healthcare costs that compel poor people to delay or forgo needed medical care. This can lead to disease progression or worse, death. The health sector alone cannot address such a challenge. This study focuses on the role of microfinance in promoting health among marginalised populations by reducing medical care and treatment costs. It aims to provide insights that will guide health promotion practices among MFIs and make a valuable contribution to the healthcare system.

The authors conducted a systematic review of the literature published between 1990 and the present from the databases of EBSCO, EconLit, RePEc, Web of Science, PubMed, Google Scholar, and webpages from the World Health Organization. Using the search terms: microfinance OR microlending OR microcredit OR microfinance, medication costs OR cost of medical care OR cost of health care OR healthcare costs OR medical costs OR health care costs, 817 articles were reviewed, 39 articles qualified for further reading after a title and abstract review. Only seven articles met the criteria and were analysed.

This review suggests that microfinance institutions’ (MFIs’) core competencies in finance and healthcare linkage capabilities can potentially reduce poverty-driven healthcare costs using different schemes of combined microfinance-healthcare models. Although promoting healthcare and sustaining healthcare cost-reduction interventions are challenging for many MFIs, it is imperative to sustain these interventions. More studies are needed to examine more MFIs’ healthcare cost-reduction initiatives, their outcomes, and other sustainable actions towards promoting medical care and treatment adherence.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Date Deposited: 03 Feb 2021 02:52
Last Modified: 11 Feb 2021 05:54
Uncontrolled Keywords: microfinance, healthcare cost, medical care cost, poverty
Fields of Research (2008): 11 Medical and Health Sciences > 1117 Public Health and Health Services > 111799 Public Health and Health Services not elsewhere classified
14 Economics > 1402 Applied Economics > 140208 Health Economics
Fields of Research (2020): 38 ECONOMICS > 3801 Applied economics > 380108 Health economics
42 HEALTH SCIENCES > 4206 Public health > 420699 Public health not elsewhere classified
Socio-Economic Objectives (2008): C Society > 92 Health > 9204 Public Health (excl. Specific Population Health) > 920499 Public Health (excl. Specific Population Health) not elsewhere classified
Socio-Economic Objectives (2020): 20 HEALTH > 2004 Public health (excl. specific population health) > 200499 Public health (excl. specific population health) not elsewhere classified
15 ECONOMIC FRAMEWORK > 1599 Other economic framework > 159999 Other economic framework not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/40374

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