Washington, D.C., July 27, 2020——IFC,
a member of the World Bank Group, has launched an initiative to strengthen
health systems by encouraging providers, payors, and investors to adopt
a set of 10 ethical principles that can help guide decision-making and
improve access to quality, affordable care for all.
The initiative, known as EPiHC (Ethical Principles
in Health Care), was developed in collaboration with the World Bank
and supports the World Bank Group’s commitment to universal health coverage.
The principles laid out by EPiHC cover the primary issues that health care
organizations need to address to build transparent, resilient systems that
meet the highest ethical principles in global health care delivery.
At a time when governments are strained due
to the COVID-19 crisis, and health care workers are on the front lines
of providing critical care, ethical principles are important for promoting
and protecting quality care. EPiHC offers private providers a roadmap for
helping them meet and sustain this goal through guidance in a range of
areas, such as upholding patients’ rights, safeguarding information and
using data responsibly, and protecting and empowering staff.
“Access to high-quality, affordable health
care is now more important than ever,” said Philippe Le Houérou,
the Chief Executive Officer of IFC.
“The Ethical Principles in Health
Care provide a pragmatic guide that can help the private sector sharpen
decision making processes, promote best practices for ethical and responsible
conduct, and ultimately contribute to stronger health systems.”
EPiHC is designed to be relevant to all sizes
of organizations, business models, and geographies. It guides ethical practice
and decision-making, rather than creating specific laws or prescriptive
performance standards. Signatories are encouraged to publicly adopt, support,
and reference EPiHC in their work, as well as to monitor EPiHC usage and
exchange good practices in their application.
Already, some two dozen private sector health
care providers, payors, and investors have signed on to EPiHC, representing
a range of providers and health companies around the world that share a
commitment to high-quality health care. For some organizations, becoming
an EPiHC signatory represents a first step toward codifying such principles.
For others, EPiHC complements existing corporate codes and statements.
We invite health organizations to learn more
about EPiHC by visiting our website https://www.epihc.org/.
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work in more than 100 countries, using our
capital, expertise, and influence to create markets and opportunities in
developing countries. In fiscal year 2019, we invested more than $19 billion
in private companies and financial institutions in developing countries,
leveraging the power of the private sector to end extreme poverty and boost
shared prosperity. For more information, visit www.ifc.org.