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What is fundholding?

What is fundholding? Here are some definitions.

Noun
  1. (economics) The holding of a fund.
  2. (Britain) A former system of state funding of general practitioners in which they were allocated a budget for services by the local hospital.
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Examples
Commissioning by primary care groups or trusts is an internal market-like idea that could be seen as generalisation of general practitioner fundholding.
We are unable to explain the association between fundholding and higher teenage pregnancy rates.
In April 1991 prescribing budgets were introduced into English general practice as part of the fundholding and indicative prescribing schemes.
This is especially so because previous reforms of primary care, such as fundholding, were driven by ideologies of competition rather than evidence.
A degree of fundholding already occurs in principle in some medical schools.
He does not think fundholding was an ideal system but points out that it did give GPs some control over the health delivered in their local area.

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