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Calculation of the Cost Price and the Right Price for the Medical Services

Author

Listed:
  • Nadezhda M. Parygina

    (Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia)

Abstract

The medical services pricing is now one of the key issues that needs to be addressed in order to improve the QoS in health care in Russia. The article author examines the advantages and disadvantages found in the methods used today in order to calculate the right price for the medical services. She offers her own time indicator-based methodology to calculate the cost price and the right price for the medical services. The methodology produces more accurate results as all types of expenses are taken into account when the calculations are made. It can be used as a base for building a financial plan of a medical services provider.

Suggested Citation

  • Nadezhda M. Parygina, 2011. "Calculation of the Cost Price and the Right Price for the Medical Services," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 131-142, January.
    • Handle: RePEc:fru:finjrn:110112:p:131-142
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    More about this item

    Keywords

    medical service; expenditure types; price of a medical service; cost price calculation; time indicator-based methodology;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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