The Role of Social Bonds in Facilitating Shared Investments and Resource Allocation: Addressing the “Wrong Pocket Problem” in Public Health and Healthcare

The "wrong pocket problem" presents a significant barrier to advancing public health and healthcare initiatives by disincentivizing investments due to misaligned financial incentives. This review explores how social bonds-encompassing trust, communication, reciprocity, and shared goals—are pivotal for fostering cross-sector collaboration and addressing these misalignments. The analysis draws on social bond theory, collaborative governance models, and network theories to highlight how social bonds facilitate resource sharing and align stakeholder incentives. Case studies, such as housing-first initiatives and opioid crisis interventions, illustrate the transformative potential of these collaborations in improving health outcomes and reducing costs. Despite these successes, gaps remain in understanding the role of informal social bonds, the sustainability of shared investments, and the variability of outcomes across contexts. This review calls for further research into innovative funding models and leadership strategies to enhance the effectiveness of social bonds in addressing systemic inefficiencies. By fostering social bonds, stakeholders can overcome financial silos, promote sustainable investments, a

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Publication Details

Journal
Journal of Quality in Health Care & Economics
Published
2025-01-01
DOI
https://doi.org/10.23880/jqhe-16000437
Primary Topic
Healthcare Systems and Reforms
Type
article
Field-Weighted Citation Impact
0.00
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article

The Role of Social Bonds in Facilitating Shared Investments and Resource Allocation: Addressing the “Wrong Pocket Problem” in Public Health and Healthcare

McCart AL
Journal of Quality in Health Care & Economics
Healthcare Systems and Reforms
article

The Role of Social Bonds in Facilitating Shared Investments and Resource Allocation: Addressing the “Wrong Pocket Problem” in Public Health and Healthcare

McCart AL
article en

Abstract

The "wrong pocket problem" presents a significant barrier to advancing public health and healthcare initiatives by disincentivizing investments due to misaligned financial incentives. This review explores how social bonds-encompassing trust, communication, reciprocity, and shared goals—are pivotal for fostering cross-sector collaboration and addressing these misalignments. The analysis draws on social bond theory, collaborative governance models, and network theories to highlight how social bonds facilitate resource sharing and align stakeholder incentives. Case studies, such as housing-first initiatives and opioid crisis interventions, illustrate the transformative potential of these collaborations in improving health outcomes and reducing costs. Despite these successes, gaps remain in understanding the role of informal social bonds, the sustainability of shared investments, and the variability of outcomes across contexts. This review calls for further research into innovative funding models and leadership strategies to enhance the effectiveness of social bonds in addressing systemic inefficiencies. By fostering social bonds, stakeholders can overcome financial silos, promote sustainable investments, a

Journal of Quality in Health Care & EconomicsVol. 8(2)
Openalex Percentile: Top 91%
Healthcare Systems and Reforms
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