Innovative Financing: New Health Bonds Tested For Impact11/10/2018 by Tatum Anderson for Health Policy Watch Leave a CommentHospitals in the Indian state of Rajasthan will be assessed next month to gauge whether upgrades, paid for with a new international innovative financing model, have brought them up to the new government quality standards. At least 92 small private healthcare organisations (SHCOs) – small private rural and urban hospitals – are being upgraded this year, and 360 in total over three years. If they manage to improve, 600,000 pregnant women would have improved care during delivery and potentially save the lives of up to 10,000 women and newborns over five years, according to one of the funders, the US government’s donor arm, USAID. The innovative financing model, called a development impact bond, has been put together by a consortium of philanthropic, NGOs, private organisations with USAID. But importantly, according to Priya Sharma, senior policy and innovative financing adviser at USAID, the model is advantageous for funders – whether they be governments or donors – wanting to make improvements with better outcomes.