Background: Due special characteristics of burn patients, such as vulnerability, high treatment costs, and expensiveness of burn services, financing of burn services has a crucial importance. The current study aims to identify challenges of financing of burn services in Iranian healthcare system. Methods: The current qualitative study employed purposeful sampling with maximum variation. In total, 21 interviews were carried out to the saturated point, with interviewees from national, provincial, and local (hospital) levels. Kutzin’s descriptive framework on analyze of financing programs for healthcare services at national level was used to develop interview guide. A thematic analysis with hybrid approach of inductive and deductive coding and theme development was employed to analyze the transcribed documents by using MAXQDA Version 12.0 (VERBI GmbH Berlin) Release 12.3.0. Results: Three themes and nine (sub-themes) were identified, as follow: collection of funds (revenue generation), pooling of funds (cost-sharing and fees, and uninsured people) and purchasing of services (inappropriate payment mechanism, incomplete content of service benefit package, inappropriate financial resource allocation, ineffective medical tariffs, top-down budgeting approach and lobbying in resource allocation). Conclusions: According to the results of the current study financing burn services can be improved through reviewing and reforming burn financing policies (with ultimate goal of universal health coverage), increasing affordability of burn services, allocating sufficient budgets and using evidence-based purchasing that is based on objective indicators of demand and supply, and also creating new financial resources (through advocacy from related stakeholders and imposing sin taxes), so that other institutions such as Ministry of Oil, Ministry of Energy and municipalities be engaged in financing burn services to address financial deficiencies.