In view of the public-private relationship financial services aimed at advancing financial management and increasing financial sustainability and accountability of institutions in the health sector. The health system today comprises a network of independent, self-financing (or mixed financing) health institutions that provide statutory services and private services.
Nowadays there are 129 health institutions and about 40 pharmacy importing and producing companies in Armenia.
The pharmaceutical sector is a strategic sector for growing the Armenian economy due to both its export growing potential and investment attraction. Over the past 10 years, the Armenian pharmaceutical sector's production volume has grown from about one million USD in 2004 to 12 million USD in 2014, with an annual growth rate of about 20% over the past five years.
More than half of the Armenian pharmaceutical sector's total production is exported and continued growth is expected due to rising incomes, state policy and the introduction of international standards.
Our expert team have many years of experience in this sector, in which our client portfolio includes the largest Armenian medical centers and hospitals. We pride ourselves on offering comprehensive services to various health institutions and pharmacy companies which are particularly specialized in prenatal services, hematology, cardio-surgeon services, other medical services and pharmaceutics.
We can help you with:
- Preparation of financial statements
- Tax planning
- Cost accounting
- Accounting outsourcing
- Labor processing and HR solutions
- Tax advisor