Review of Management Accounting Systems in Hospitals and Their Impact on Optimizing Pharmaceutical Costs

Khanbabayi Gol, Sajad; Khanbabayi Gol, Mehdi

doi:https://zenodo.org/records/14735928

Review of Management Accounting Systems in Hospitals and Their Impact on Optimizing Pharmaceutical Costs

Document Type : Review Article

Authors

Sajad Khanbabayi Gol ¹

Mehdi khanbabayi gol ²

¹ F

² Anesthesiologist, Tabriz University of Medical Sciences, Tabriz, Iran.

https://doi.org/https://zenodo.org/records/14735928

Abstract

This study reviews management accounting systems (MAS) in hospitals and investigates their impact on optimizing pharmaceutical costs. Given the increasing pressure on healthcare institutions to control rising costs while maintaining high standards of care, understanding the role of MAS in managing drug-related expenses is crucial. The research examines how various accounting systems, including activity-based costing (ABC) and standard costing, are implemented in hospitals to track and allocate pharmaceutical expenditures efficiently. The analysis highlights the influence of these systems on decision-making processes related to drug procurement, inventory management, and the prescription practices of medical staff. Furthermore, the study explores how the optimization of pharmaceutical costs through effective MAS contributes to overall hospital financial sustainability and better resource utilization. The findings suggest that hospitals with robust management accounting systems are more likely to optimize drug-related costs, ultimately enhancing both economic and clinical outcomes.

Key terms: Management accounting systems, Pharmaceutical costs, Activity-based costing, Healthcare finance.

Keywords

Management accounting systems

Pharmaceutical costs

Activity-based costing

Healthcare finance

Subjects