Abstract:
The main purpose of the paper is to analyze the process of the health care development as the systemcreating factor of human capital. Methodology. This study combines economic and managerial analysis of
healthcare and human capital. The background for this analysis is the data of the 2020 Human Capital Index
in Ukraine and other developed and developing countries. The method of historical and logical analysis of the
literature was used. The functional and structural analysis was used with purpose to research the main tools of
human capital’s development. Methods of comparative and statistical analysis and their synthesis were used to
study dynamics of human capital. Method of summarization was used to make conclusions and recommendations
for improving human capital in developing countries. Works of scientists in the sphere of human capital were used
as the informational basis for the conducted study. Findings. In the paper it was analyzed the Human Capital Index
in Ukraine and its components from the period of 2010–2020. The problems of the development of Ukrainian
healthcare sector as the system-creating element of human capital are viewed. Formation of a new model for
organizing medical care based on the development of the four P’s model of medicine (predicting, prevention,
personalization, participation) is considered as the main basis for developing effective healthcare sector in
Ukraine. The authors of the article see the following key areas of necessary actions in Ukrainian healthcare sector:
technological breakthrough, strengthening a healthy lifestyle, ensuring the availability of high-quality medical
services, developing human resources, creating a system of effective drug provision, increasing the efficiency
of financing. Practical implications. The results of this study form the methodological and practical basis for
improvement of the state regulation system of Ukrainian healthcare as a system-creating element of human
capital. The results of conducted research could be a framework for formation of effective healthcare system in
Ukraine, ensuring its constant development. The main proposals could be used by the Ministry of Healthcare of
Ukraine while working out the Concept of national healthcare system development, they should be taken into
consideration by state and municipal Health Departments for implement them during the process of Ukrainian
healthcare sphere’s reformation.
