Many individuals may view healthcare as a lucrative industry that brings in billions of dollars each year. Those who are of this line of thinking may believe, then, that medical centers don't need funding, since their revenues are already significant.
However, that's not the case. Although doctors, hospitals, clinics and other centers do bring in a significant amount of money annually, they also have to spend a lot on utilities, payroll and new and exceedingly expensive technologies. As such, when these facilities want to expand their floor plans or other offerings to patients, they tend to need monetary help.
Recently, donors and foundations have been very generous when giving to medical centers. In particular, many of the projects that have been financially aided recently have revolved around women's health.
World Bank announces $700 million investment
Leaders at the United Nations' World Bank announced on September 23 that they would be investing $700 million through the end of 2015 to help various nations develop better women and children's health services. The idea is to get these countries' healthcare systems to be in accordance with the Millennium Development Goals in this sector of medicine. The funds will be funneled through the International Development Association (IDA).
The institution has taken similar steps before with positive results. For instance, between 2003 and 2013, the World Bank and IDA have helped get 600 million children immunized, stationed healthcare professionals at 29 million births and reached more than 210 million women and children with nutrition services.
"We need to inject greater urgency into our collective efforts to save more women and children's lives, and evidence shows that results-based financing has significant impact," explained World Bank Group President Jim Yong Kim.
California hospital receives $75,000 for women's health initiatives
According to The Press-Enterprise, the St. Bernardine Medical Center Foundation was given a $75,000 donation from the Stater Brothers Charities and Inland Women Fighting Cancer organization this summer. The money will be put toward women's health and wellness services at the medical facility's Center for Imaging, the news source detailed.
Specifically, professionals will be using the gift to buy breast coils and a biopsy system for MRIs, speeding up processing and improving accuracy.
The money was obtained from donors during a fundraising event held last October, the fifth annual Believe Walk, which was sponsored by the two organizations.
"Stater Bros. Charities and Inland Women Fighting Cancer ... share in our passion to provide enhanced detection and treatment for our patients in a comforting environment and this gift will help us further our mission and achieve our goals," St. Bernardine Chairman Ron Rezek told the Press-Enterprise.
Planned Parenthood gets boost from politician
Salon reported that another women's organization, Planned Parenthood, was given a $1 million donation by the Perot Foundation of Dallas in late August. The news source explained that this decision was made because much of the healthcare provider's funding was cut in Texas in 2011, and it has continued to face anti-choice legislation in the area since.
The news source explained that the foundation chose the organization to receive the donation with the hope that it would continue to provide healthcare to women in the state.
"Our family has supported this nonprofit for many years because we are impressed with the work they do - providing birth control, scientifically based education, breast health exams and basic, life-saving healthcare for women who cannot afford services otherwise," Margot Perot wrote in a statement, according to Salon.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.