Stakeholder Participation and Financial Performance of Health Facilities in Likasi : Towards Inclusive Governance
DOI:
https://doi.org/10.59228/rcst.026.v5.i1.249Keywords:
Inclusive governance, Stakeholder engagement, Financial performance, Health systems, Participatory decision-makingAbstract
Financial performance of health facilities is closely linked to the quality of their governance. In Likasi, stakeholder involvement in financial management remains limited, which negatively affects the overall performance of these institutions.
A descriptive study was conducted in several health facilities in Likasi, combining questionnaires administered to managers with financial analyses of the institutions. The objective was to determine the relationship between stakeholder participation and financial performance. Facilities with active stakeholder involvement demonstrated better financial performance, characterized by increased revenue and more efficient expenditure management. Conversely, institutions with limited stakeholder engagement showed budget deficits and poor resource allocation. Stakeholder participation promotes greater transparency and accountability, leading to improved financial performance. However, barriers such as lack of training and awareness may hinder effective participation. To enhance the financial performance of health facilities in Likasi, it is essential to promote inclusive governance by strengthening stakeholder engagement.
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