Semenjak implementasi Jaminan Kesehatan Nasional (JKN), Puskesmas mendapat pembayaran dari Badan Penyelenggaran Jaminan Sosial (BPJS) Kesehatan berupa dana kapitasi. Di Kota Lubuklinggau terdapat masalah mengenai sisa lebih perhitungan anggaran (SiLPA) di puskesmas yang rata-rata pertahunnya sebesar 23%. Penelitian ini bertujuan menganalisis pemanfaatan dana kapitasi Puskesmas di Kota Lubuklinggau tahun 2014-2016. Penelitian kualitatif ini dilakukan di Puskesmas Simpang Periuk, Taba, Citra Medika dan Swasti Saba berdasarkan realisasi SiLPA terendah dan tertinggi, data dikumpulkan secara retrospektif. Hasil penelitian menunjukkan bahwa penggunaan dana kapitasi untuk jasa pelayanan telah sesuai target (69,5%) sedangkan untuk kegiatan operasional penyerapan masih kecil (12,4 %). Puskesmas belum melaksanakan perencanaan sistematis dengan tahapan Planning, Organizing, Actuating, Controlling dalam pemanfaatan dana kapitasi. Aturan pemanfaatan yang dianggap rumit menyebabkan puskesmas tidak menyerap dana kapitasi tersebut. Pengawasan dan bimbingan diperlukan agar penyerapan dana kapitasi dapat ditingkatkan. Kata Kunci : Pemanfaatan Dana, Puskesmas Since the implementation of National Health Insurance (JKN), Health Center received payment from Social Security Administering Body for Health (BPJS) using capitation. In Lubuklinggau City there has been problem of utilizing capitation funds and financing surplus (SiLPA) which average 23% per year. This research aims to analyze the utilization of capitation funds in Lubuklinggau City 2014-2016. This qualitative study was implemented in Simpang Periuk Health Center, Taba, Citra Medika and Swasti Saba which are the lowest and highest SiLPA absorption, data were collected retrospectively. The study revelaed that the capitation funds have been achieved the target (69,5%) while spending for operational was still under utilized (12,4%). The planning for using capitation funds was not systematically implemented using appropriate steps : Planning, Organazing, Actuating, Controlling. Health centers thought the rule to use the funds was not easy to follow so they could not absorp the capitation funds. Monitoring assitance are needed to improve the absorption of capitation funds. Keywords: Use of Capitation Fund, Health Center