Subject. The article addresses regional economic security measurement and its modeling based on the cost approach in the context of the healthcare industry functioning. Objectives. The study aims at theoretical and methodological substantiation and development of an approach to the analysis of regional economic security risks given the healthcare industry specifics, formation of a system of indicators and measures to reduce identified threats, development of tools for modeling the economic security of the region based on a cost approach. Methods. The study rests on dialectical, institutional, and systems approaches, methods of cost engineering, structural and functional analysis, factor modeling, economic and statistical comparison, and assessment of risk indices. Results. We identified a multilevel system of contradictions in the functioning of the compulsory health insurance system; developed a risk analysis methodology based on the integration of health industry indicators into the system for assessing the economic security of the region, and a cost-based approach to modeling economic phenomena and processes; defined a system of efficiency indicators enabling to monitor the sustainability of the healthcare system as an element of the economic security of the region; devised valuation tools to manage processes in the healthcare industry to improve regional economic security. Conclusions. We confirmed the need to move from fragmented regulation of the healthcare industry to institutionally integrated management model based on combining goals, resources and mechanisms for public policy implementation. The offered methodology helps increase the accuracy of risk assessment, strengthen relationship between the healthcare system and region’s economic security.
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