SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives
This study aims to conduct a comparative analysis of the SDG in healthcare achievement in Austria and Ukraine and to determine possible lessons for Ukraine based on best EU and world experiences. To identify existing challenges and perspectives a comparative analysis of key indicators of healthcare...
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| Format: | Article |
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LLC "CPC "Business Perspectives"
2021-08-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/15383/PPM_2021_03_Situm.pdf |
| _version_ | 1818901378007826432 |
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| author | Mario Situm Alex Plastun Inna Makarenko Yuliіa Serpeninova Giuseppe Sorrentino |
| author_facet | Mario Situm Alex Plastun Inna Makarenko Yuliіa Serpeninova Giuseppe Sorrentino |
| author_sort | Mario Situm |
| collection | DOAJ |
| description | This study aims to conduct a comparative analysis of the SDG in healthcare achievement in Austria and Ukraine and to determine possible lessons for Ukraine based on best EU and world experiences. To identify existing challenges and perspectives a comparative analysis of key indicators of healthcare expenditures and health financing systems in Austria and Ukraine was carried out. Results indicate that in Ukraine there is a substantial lack of public funding for healthcare (only 682 US dollars per capita in 2018), a poor share of voluntary health insurance (less than 1%), significant amounts (on average 50%) of expenditures of the population in general spending on health. On the contrary, in Austria, there is sufficient public funding for healthcare (5,879 US dollars per capita in 2018), more than 5% share of voluntary health insurance, moderate amounts (on average 25%) of expenditures of the population in general spending on health. Austria’s experience as an EU-member country with a successful example of a financing strategy for the healthcare system is a sound example for Ukraine. The alternative financing tools (e.g. result-based financing, impact investment, public-private partnership) can be used as an additional financing mechanism of healthcare funding in Ukraine. The use of these instruments along with the improvement of the fiscal policy, social security, and governance based on Austrian experience can cut the existing financing gap to achieve SDG targets in healthcare in Ukraine.
AcknowledgmentThis study is financed equally by the Austrian Federal Ministry of Education and Science and the Ministry of Education and Science of Ukraine. |
| first_indexed | 2024-12-19T20:18:48Z |
| format | Article |
| id | doaj.art-b1c081e019684ff8adb4b41345d5aebc |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-19T20:18:48Z |
| publishDate | 2021-08-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-b1c081e019684ff8adb4b41345d5aebc2022-12-21T20:07:05ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672021-08-0119311813510.21511/ppm.19(3).2021.1115383SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectivesMario Situm0https://orcid.org/0000-0002-4535-2240Alex Plastun1https://orcid.org/0000-0001-8208-7135Inna Makarenko2https://orcid.org/0000-0001-7326-5374Yuliіa Serpeninova3https://orcid.org/0000-0002-4448-3484Giuseppe Sorrentino4Doctor of Economics, Professor, Chair of Business Management and Corporate Restructuring Studies, University of Applied Sciences KufsteinDoctor of Economics, Professor, Chair of the International Economic Relations Department, Sumy State UniversityDoctor of Economics, Associate Professor, Chair of the Accounting and Taxation Department, Sumy State UniversityPh.D., Associate Professor, Chair of Accounting and Taxation, Sumy State UniversityM.Sc., Research Assistant, University of Applied Sciences KufsteinThis study aims to conduct a comparative analysis of the SDG in healthcare achievement in Austria and Ukraine and to determine possible lessons for Ukraine based on best EU and world experiences. To identify existing challenges and perspectives a comparative analysis of key indicators of healthcare expenditures and health financing systems in Austria and Ukraine was carried out. Results indicate that in Ukraine there is a substantial lack of public funding for healthcare (only 682 US dollars per capita in 2018), a poor share of voluntary health insurance (less than 1%), significant amounts (on average 50%) of expenditures of the population in general spending on health. On the contrary, in Austria, there is sufficient public funding for healthcare (5,879 US dollars per capita in 2018), more than 5% share of voluntary health insurance, moderate amounts (on average 25%) of expenditures of the population in general spending on health. Austria’s experience as an EU-member country with a successful example of a financing strategy for the healthcare system is a sound example for Ukraine. The alternative financing tools (e.g. result-based financing, impact investment, public-private partnership) can be used as an additional financing mechanism of healthcare funding in Ukraine. The use of these instruments along with the improvement of the fiscal policy, social security, and governance based on Austrian experience can cut the existing financing gap to achieve SDG targets in healthcare in Ukraine. AcknowledgmentThis study is financed equally by the Austrian Federal Ministry of Education and Science and the Ministry of Education and Science of Ukraine.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/15383/PPM_2021_03_Situm.pdffinancefundinghealth careimpact investmentpublic-private partnershipresult-based financing |
| spellingShingle | Mario Situm Alex Plastun Inna Makarenko Yuliіa Serpeninova Giuseppe Sorrentino SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives Problems and Perspectives in Management finance funding health care impact investment public-private partnership result-based financing |
| title | SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives |
| title_full | SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives |
| title_fullStr | SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives |
| title_full_unstemmed | SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives |
| title_short | SDG 3 and financing instruments in Austria and Ukraine: Challenges and perspectives |
| title_sort | sdg 3 and financing instruments in austria and ukraine challenges and perspectives |
| topic | finance funding health care impact investment public-private partnership result-based financing |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/15383/PPM_2021_03_Situm.pdf |
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