Analysis of Cost Containment, Cost Recovery and Sustainability of Hospital Waste Management System: Case Study of Sanjay Gandhi Post Graduate Institute of Medical Sciences, Lucknow, India

Sanjay Gandhi Post Graduate Institute of Medical Sciences, Lucknow, Uttar Pradesh State of India -- a 886-bedded, tertiary care hospital -- is implementing the methods of waste utilization/recycling, for wealth generation from solid waste and also containing the cost of treatment for needy patients. The study is intended to analyze the outcome of measures adopted by the hospital for solid waste utilization/recycling, in terms of cost recovery and cost reduction in treatment of patients during the period (January 2008 to March 2014). The hospital earned Rs. 7669621 (US$ 127827) by selling the hospital solid waste materials such as disinfected/sterile, plastic/latex materials, card board, glass bottles, etc and, for containing the cost of the patients treatment, the plastic/rubber made consumable valued at Rs. 137.20 million (US$ 2.85 million) were sterilized, recycled and released.

Keywords: Hospital solid waste and disinfection recycling; cost containment-cum-cost recovery, sustainability

JEL Classification: D61; I11; I31; O53

Suggested Citation: Suggested Citation

Chandra, Hem and Masih, Leela and Sah, Bharat and Rinkoo, Arvind Vashishta and Shishoo, Sunil and Dhole, T.N. and Pandey, Ankita, Analysis of Cost Containment, Cost Recovery and Sustainability of Hospital Waste Management System: Case Study of Sanjay Gandhi Post Graduate Institute of Medical Sciences, Lucknow, India (April 30, 2015). Journal of Financial Management and Analysis Vol. 27 No. 2 (Jul-Dec 2014), Available at SSRN: https://ssrn.com/abstract=2603657