Mapping the role of financial management in healthcare: Bibliometric analysis of Middle Eastern region
DOI:
https://doi.org/10.34069/AI/2024.75.03.26Keywords:
Financial Management, Healthcare, Bibliometric Analysis, Middle Eastern Region.Abstract
The study aims to emphasize the importance of financial management within the healthcare sector using bibliometric analysis techniques like influential authors, countries, journals, and publications. The researcher used the Scopus database for the extraction of required data. For this purpose, several relevant keywords and synonyms related to financial management in healthcare were used as advanced search options in the Scopus database. The bibliometric keyword cluster analysis indicated that financial management plays a significant role in health insurance, funding, cost, expenses, financing, and insurance related to healthcare units in Middle Eastern regions. The most influential top 5 countries for research in the financial management of healthcare units in the Middle Eastern region are Iran, Lebanon, Egypt, UAE, and Saudi Arabia respectively. Similarly, the most influential journal in this domain is “Eastern Mediterranean Health Journal published by World Health Organization”. Additionally, the most influential authors in this research domain are Ammar, Walid S from Lebanon, and Rashidian, Arash from Iran. The findings of this bibliometric study are specifically important for practitioners, administrators, and policymakers in the healthcare sector of the Middle East region for making valuable decisions regarding financial management practices.
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References
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Mumghamba, E. G., Joury, E., Fatusi, O., Ober-Oluoch, J., Onigbanjo, R. J., & Honkala, S. (2015). Capacity Building and Financing Oral Health in the African and Middle East Region. Advances in Dental Research, 27(1), 32-42. https://doi.org/10.1177/0022034515578909
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Rahimpour, K., Shirouyehzad, H., Asadpour, M., & Karbasian, M. (2020). A PCA-DEA method for organizational performance evaluation based on intellectual capital and employee loyalty. Journal of Modelling in Management, 15(4), 1479-1513. https://doi.org/10.1108/JM2-03-2019-0060
Roldan-Valadez, E., Salazar-Ruiz, S. Y., Ibarra-Contreras, R., & Rios, C. (2019). Current concepts on bibliometrics: a brief review about impact factor, Eigenfactor score, CiteScore, SCImago Journal Rank, Source-Normalised Impact per Paper, H-index, and alternative metrics. Irish Journal of Medical Science, 188(3), 939-951. https://doi.org/10.1007/s11845-018-1936-5
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Tsofa, B., Molyneux, S., Gilson, L., & Goodman, C. (2017). How does decentralisation affect health sector planning and financial management? a case study of early effects of devolution in Kilifi County, Kenya. International Journal for Equity in Health, 16(1), 151. https://doi.org/10.1186/s12939-017-0649-0
Zehir, S., & Zehir, C. (2023). Effects of Total Quality Management Practices on Financial and Operational Performance of Hospitals. Sustainability, 15(21).
Akhmat, G., Zaman, K., Shukui, T., Javed, Y., & Khan, S. R. (2014). Social Health Indicators and Economic Growth: Evidence from East Asia and Pacific, Middle East and North Africa, South Asia, and Sub-Saharan Africa. Social Indicators Research, 119(2), 663-686. https://doi.org/10.1007/s11205-013-0538-x
AlJohani, B. A., & Bugis, B. A. (2024). Advantages and Challenges of Implementation and Strategies for Health Insurance in Saudi Arabia: A Systemic Review. INQUIRY: The Journal of Health Care Organization, Provision, and Financing, 61, 00469580241233447. https://doi.org/10.1177/00469580241233447
Alzarea, A. I., Khan, Y. H., Alanazi, A. S., Butt, M. H., Almalki, Z. S., AlAhmari, A. K., Alsahali, S., & Mallhi, T. H. (2022). Barriers and Facilitators of Pharmacoeconomic Studies: A Review of Evidence from the Middle Eastern Countries. International Journal of Environmental Research and Public Health, 19(13).
Baker, R. E., Mahmud, A. S., Miller, I. F., Rajeev, M., Rasambainarivo, F., Rice, B. L., ... & Metcalf, C. J. E. (2022). Infectious disease in an era of global change. Nature Reviews Microbiology, 20(4), 193-205. https://doi.org/10.1038/s41579-021-00639-z
Block, S. B., Hirt, G. A., & Danielsen, B. R. (2014). Foundations of financial management. McGraw-Hill Education.
Boamah, S. A., Spence Laschinger, H. K., Wong, C., & Clarke, S. (2017). Effect of transformational leadership on job satisfaction and patient safety outcomes. Nursing Outlook, 66(2), 180-189. https://doi.org/https://doi.org/10.1016/j.outlook.2017.10.004
Brigham, E. F., & Houston, J. F. (2013). Fundamentals of financial management. South-Western Cengage Learning.
Cashin, C., Bloom, D., Sparkes, S., Barroy, H., Kutzin, J., O'Dougherty, S., & Organization, W. H. (2017). Aligning public financial management and health financing: sustaining progress toward universal health coverage. World Health Organization.
Cleverley, W. O., Cleverley, J. O., & Parks, A. V. (2023). Essentials of health care finance. Jones & Bartlett Learning.
Cobelli, N., & Blasi, S. (2024). Combining topic modeling and bibliometric analysis to understand the evolution of technological innovation adoption in the healthcare industry. European Journal of Innovation Management, 27(9), 127-149. https://doi.org/10.1108/EJIM-06-2023-0497
Danaei, G., Farzadfar, F., Kelishadi, R., Rashidian, A., Rouhani, O. M., Ahmadnia, S., ... & Malekzadeh, R. (2019). Iran in transition. The Lancet, 393(10184), 1984-2005. https://doi.org/10.1016/S0140-6736(18)33197-0
Dion, H., & Evans, M. (2024). Strategic frameworks for sustainability and corporate governance in healthcare facilities; approaches to energy-efficient hospital management. Benchmarking: An International Journal, 31(2), 353-390. https://doi.org/10.1108/BIJ-04-2022-0219
Ehrhardt, M. C. (2011). Financial management: theory and practice. USA.
Ezzati, F., Mosadeghrad, A. M., & Jaafaripooyan, E. (2023). Resiliency of the Iranian healthcare facilities against the Covid-19 pandemic: challenges and solutions. BMC Health Services Research, 23(1), 207. https://doi.org/10.1186/s12913-023-09180-6
Güngör Göksu, G. (2023). A retrospective overview of the Journal of Public Budgeting, Accounting and Financial Management using bibliometric analysis. Journal of Public Budgeting, Accounting & Financial Management, 35(2), 264-295. https://doi.org/10.1108/JPBAFM-04-2022-0061
Henson, C. R. (2023). Healthcare Financial Management: Applied Concepts and Practical Analyses. Springer Publishing Company.
Jakovljevic, M., Potapchik, E., Popovich, L., Barik, D., & Getzen, T. E. (2017). Evolving Health Expenditure Landscape of the BRICS Nations and Projections to 2025. Health Economics, 26(7), 844-852. https://doi.org/https://doi.org/10.1002/hec.3406
Mattout, W., Yesilada, F. J. E., & Reviews, B. Q. (2024). Revolutionizing Healthcare Finances: Navigating the Impact of Innovative Technologies on Medical Claims Cost Containment in the MENA Region. Economics and Business Quarterly Reviews, 7(1).
McKinney, J. B. (2015). Effective financial management in public and nonprofit agencies. Bloomsbury Publishing.
Moons, K., Waeyenbergh, G., & Pintelon, L. (2019). Measuring the logistics performance of internal hospital supply chains – A literature study. Omega, 82, 205-217. https://doi.org/https://doi.org/10.1016/j.omega.2018.01.007
Moradi, T., Kabir, M. J., Pourasghari, H., Ehsanzadeh, S. J., & Aryankhesal, A. (2023). Challenges of Budgeting and Public Financial Management in Iran's Health System: A Qualitative Study. Med J Islam Repub Iran, 37, 80. https://doi.org/10.47176/mjiri.37.80
Mumghamba, E. G., Joury, E., Fatusi, O., Ober-Oluoch, J., Onigbanjo, R. J., & Honkala, S. (2015). Capacity Building and Financing Oral Health in the African and Middle East Region. Advances in Dental Research, 27(1), 32-42. https://doi.org/10.1177/0022034515578909
Owolabi, O. R., Olatoye, F. O., Elufioye, O. A., & Okunade, B. (2024). Reviewing healthcare financial management: Strategies for cost-effective care. World Journal of Advance Research Reviews, 21(2), 958-966. https://doi.org/https://doi.org/10.30574/wjarr.2024.21.2.0523
Parlina, A., Ramli, K., & Murfi, H. (2020). Theme Mapping and Bibliometrics Analysis of One Decade of Big Data Research in the Scopus Database. Information, 11(2), 69.
Portine, W. (2023). Effect of Public Financial Management Practices on Health Service. (Doctoral dissertation), Institute of Accountancy Arusha (IAA).
Rahimpour, K., Shirouyehzad, H., Asadpour, M., & Karbasian, M. (2020). A PCA-DEA method for organizational performance evaluation based on intellectual capital and employee loyalty. Journal of Modelling in Management, 15(4), 1479-1513. https://doi.org/10.1108/JM2-03-2019-0060
Roldan-Valadez, E., Salazar-Ruiz, S. Y., Ibarra-Contreras, R., & Rios, C. (2019). Current concepts on bibliometrics: a brief review about impact factor, Eigenfactor score, CiteScore, SCImago Journal Rank, Source-Normalised Impact per Paper, H-index, and alternative metrics. Irish Journal of Medical Science, 188(3), 939-951. https://doi.org/10.1007/s11845-018-1936-5
Singh, V. K., Singh, P., Karmakar, M., Leta, J., & Mayr, P. (2021). The journal coverage of Web of Science, Scopus and Dimensions: A comparative analysis. Scientometrics, 126(6), 5113-5142. https://doi.org/10.1007/s11192-021-03948-5
Tsofa, B., Molyneux, S., Gilson, L., & Goodman, C. (2017). How does decentralisation affect health sector planning and financial management? a case study of early effects of devolution in Kilifi County, Kenya. International Journal for Equity in Health, 16(1), 151. https://doi.org/10.1186/s12939-017-0649-0
Zehir, S., & Zehir, C. (2023). Effects of Total Quality Management Practices on Financial and Operational Performance of Hospitals. Sustainability, 15(21).
Published
2024-03-30
How to Cite
Kumar, R. (2024). Mapping the role of financial management in healthcare: Bibliometric analysis of Middle Eastern region. Amazonia Investiga, 13(75), 308–321. https://doi.org/10.34069/AI/2024.75.03.26
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