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Research On The Financial Transparency Into The Healthpublic System In Romania. Case Of Hospitals Subordinated To The Health Ministry


  • Aurelia Stefanescu

    (The Bucharest Academy of Economic Studies Bucharest Romania)

  • Eugeniu Turlea

    (The Bucharest Academy of Economic Studies Bucharest Romania)


The complexity of the public hospital activity, generated by the high resourceconsumption, high number of actors involved into the medical act, technological innovation,heterogenous healthcare services offered, typology of hospitals, diversity of financing sources andsuppliers of financial resources as potential patients, demands a high degree of financialtransparency. In this context, by the qualitative research performed, we identify the degree offinancial transparency at the level of public hospitals subordinated to the Health Ministry fromRomania. This study takes into consideration a synthesis of the ideas published on this theme into theprofessional literature, as well as of the regulations issued by the national and internationalaccounting regulators, by accounting entities. The results of the research pointed out that thefinancial transparency promoted by hospitals through the agency of official web sites is low. Formost of hospitals the financial transparency is limited to the publication of revenue and expenditurebudget. Only three hospitals display the completed financial statements and a reduced number ofhospitals limits financial transparency at the individual level of the budgetary execution account,ballance sheet and patrimony outcome account. Also, we observe that in geographical terms, thereare no significant differences regarding the hospital financial transparency. In respect of thetemporal view, the published financial information is heterogenous both at individual level and globallevel, fact diminishing the comparison in time and space. The difficulty of investigating financialtransparency of hospitals is increased by the difficulty of identifying the official sites of hospitalswhen lacking a database at the level of Health Ministry.

Suggested Citation

  • Aurelia Stefanescu & Eugeniu Turlea, 2014. "Research On The Financial Transparency Into The Healthpublic System In Romania. Case Of Hospitals Subordinated To The Health Ministry," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(16), pages 1-20.
  • Handle: RePEc:alu:journl:v:1:y:2014:i:16:p:20

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    transparency; financial information; public hospital; stakeholders; Romania;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • I10 - Health, Education, and Welfare - - Health - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration


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