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Socioeconomic Criteria of Healthcare Efficiency: An International Comparison

Author

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  • Anatoliy G. Goncharuk

    () (International Humanitarian University, Ukraine)

Abstract

The paper is devoted to evaluation of the socioeconomic efficiency of healthcare in developing countries. The author proposed several socioeconomic efficiency criteria for the healthcare system that could be calculated using public data of World Health Organization. Applying proposed criteria, the author compared socioeconomic efficiencies for Ukraine and neighboring Eastern European countries: Belarus, Hungary, Poland, Romania, and Russia. Author found that due to a relatively low standard of living, Ukraine has the highest financial leverage among Eastern European countries for saving and prolonging people's lives. That means each dollar invested in the Ukrainian healthcare system gives the highest increase in the expected and saved life of residents of different age groups. However, due to the relatively low investment in health, Ukrainians on average lose 0.5% of life due to diseases and injuries. This indicator in Poland is the best, and the worst it is in Russia, where such losses are even higher than in Ukraine.

Suggested Citation

  • Anatoliy G. Goncharuk, 2017. "Socioeconomic Criteria of Healthcare Efficiency: An International Comparison," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(2), pages 89-95, May.
  • Handle: RePEc:ods:journl:v:6:y:2017:i:2:p:89-95
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    File URL: http://www.jami.org.ua/Papers/JAMI_6_2_89-95.pdf
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    References listed on IDEAS

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    1. Natalia O. Lazareva, 2015. "Evaluating the Efficiency of Wineries in Ukraine: A Three-Criteria Approach," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(4), pages 239-242, November.
    2. Ibrahim A. M. Alsharf, 2015. "Performance Management in Healthcare," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(1), pages 45-52.
    3. Sushma Vegesna & Mihir Dash, 2014. "Efficiency of Public and Private Sector Banks in India," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(3), pages 183-187.
    4. Anatoliy G. Goncharuk, 2013. "About The Influence Of High Gas Price On An Efficiency," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(1), pages 58-67.
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    1. repec:ods:journl:v:7:y:2018:i:1:p:24-37 is not listed on IDEAS
    2. repec:ods:journl:v:6:y:2017:i:3:p:170-174 is not listed on IDEAS

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