+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Applying the ABC and XYZ analysis by health care institutions: The public health facility Gorodets Central Raion Hospital of the Nizhny Novgorod Oblast case study

Vol. 22, Iss. 27, JULY 2016

PDF  Article PDF Version

Received: 21 October 2015

Received in revised form: 20 May 2016

Accepted: 16 June 2016

Available online: 28 July 2016

Subject Heading: Financial control

JEL Classification: G28, I18

Pages: 20-33

Yashina N.I. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation
paa@hotmail.ru

Khansuvarova E.A. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation
EV-Artamonicheva@yandex.ru

Yashin K.S. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation
unn@unn.ru

Subject Today, health care organizations should ensure economic performance and implement strategies of compensation for both standard and actual costs (at the expense of their budgets, compulsory medical insurance and income-generating activities). Along with traditional estimates of medical and social efficiency, any healthcare facility should apply a cost-benefit analysis of its operations.
Methods The paper employs methods of economic and systems analysis and mathematical statistics to study the current status of costs of a healthcare facility.
Results We offer a technique to analyze expenditure items, using the ABC and XYZ methods being the best tools to improve the efficiency of the health system. Based on the data of the public health facility Gorodets Central Raion Hospital of Nizhny Novgorod Oblast, we analyze the items of economic classification and characterize each group of expenditures for efficient management purposes.
Conclusions Using the combined ABC/XYZ analysis will improve the efficiency of cost management by public institutions. The management of the institutions will be able to keep track of key positions and reasons that have an impact on the amount and movement of costs. The technique will enable to properly filter costs by groups, set priorities, and make an accurate forecast of expenditures to plan financial and economic activities for the ensuing year.

Keywords: financial management, ABC analysis, XYZ analysis, financial resources, financial costs

References:

  1. Sarkisyan A.G., Pidde A.G., Zlodeeva E.B. [High-priority national project 'Health' as an important step toward the health care reform]. Zdravookhranenie = Healthcare, 2007, no. 2, pp. 15–28. (In Russ.)
  2. Lindenbraten A.L., Avksent'eva M.V., Golovina S.M. [Management of health care quality: best practices]. Menedzhment kachestva v sfere zdravookhraneniya i sotsial'nogo razvitiya = Quality Management in Health Care and Social Development, 2011, no. 3, pp. 118–126. (In Russ.)
  3. Lavrishcheva G.A. [Experience in quality management of medical care in general practice]. Problemy standartizatsii v zdravookhranenii = Problems of Standardization in Healthcare, 2006, no. 7, pp. 6–8. (In Russ.)
  4. Meltzer D., Johanennesson M. Inconsistencies in the 'societal perspective' on cost of the Panel on Cost-Effectiveness in Health and Medicine. Medical Decision Making, 1999, no. 19, pp. 371–377.
  5. Kostyukova E.I., Grishanova S.V. [Analysis of emissions, profit of national welfare companies under differentiated taxation of the production of firms]. Vestnik APK Stavropol'ya = Herald of Stavropol Agribusiness, 2011, no. 1, pp. 73–76. (In Russ.)
  6. Reshetnikov A.V. [Financial management in the system of compulsory medical insurance]. Ekonomika zdravookhraneniya = Health Care Economy, 2001, no. 10, pp. 5–10. (In Russ.)
  7. Buzukova E.A. [Analyzing the range and stability of sales using the ABC/XYZ analysis]. Upravlenie prodazhami = Sales Management, 2006, no. 3, pp. 166–185. (In Russ.)
  8. Vostroknutov A.E., Sapsai A.D., Nesterova G.N. [An analysis of the lines of goods of consumer cooperation organizations of the Krasnodar Krai]. Fundamental'nye i prikladnye issledovaniya kooperativnogo sektora ekonomiki = Fundamental and Applied Research of the Cooperative Sector, 2013, no. 4, pp. 21–26. (In Russ.)
  9. Ksenofontova O.L., Novosel'skaya N.A. [ABC/XYZ analysis as a tool to manage the product portfolio of a commercial enterprise]. Sovremennye naukoemkie tekhnologii. Regional'noe prilozhenie = Modern High Technologies. Regional Supplement, 2013, no. 2, pp. 70–76. (In Russ.)
  10. Laskovets S.V., Kaptyukhin R.V., Zhidkova O.N. [Applying the methods of product portfolio analysis to improve the product policy of a company]. Biznes. Obrazovanie. Pravo. Vestnik Volgogradskogo instituta biznesa = Business. Education. Law. Bulletin of Volgograd Business Institute, 2014, no. 2, pp. 141–145. (In Russ.)
  11. Tatarinova M.N., Grishanova S.V. [ABC analysis as an effective tool to manage costs]. KANT, 2012, no. 1, pp. 29–31. (In Russ.)
  12. Il'ina T.A. [ABC/XYZ analysis as one of the most effective tools of lean production at industrial enterprises]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2013, no. 20, pp. 49–55. (In Russ.)
  13. Golubkov E.P. [ABC and XYZ analyses: procedure and assessment]. Marketing v rossii i zarubezhom = Marketing in Russia and Abroad, 2010, no. 3. Available at: Link. (In Russ.)
  14. Sheiman I.M. Teoriya i praktika rynochnykh otnoshenii v zdravookhranenii [Theory and practice of market relations in the health care sector]. Moscow, SU HSE Publ., 2008, 320 p.
  15. Kokin A.S., Yasenev V.N., Yashina N.I. Finansovyi menedzhment: monografiya [Financial management: a monograph]. Nizhny Novgorod, National Research Lobachevsky State University of Nizhny Novgorod Publ., 2006, 580 p.
  16. Savitskaya G.V. Analiz effektivnosti deyatel'nosti predpriyatiya: metodologicheskie aspekty [Analysis of the operating efficiency of the enterprise: methodological aspects]. Moscow, Novoe znanie Publ., 2004, 160 p.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive