RA Ministry of Health to manage government stock of Scientific Center  of Traumatology and Orthopedics

ArmInfo. On July 24, at a regular meeting, the Government of Armenia assigned the authority to manage state shares (interests) of the Scientific Center of Traumatology and Orthopedics CJSC to the Ministry of Health of the Republic of Armenia.

In 2017, by the decision of the government, the Scientific Center of  Traumatology and Orthopedics CJSC was transferred from the Ministry  of Health to the State Property Management Department. Currently,  there is a need for the Ministry of Health to retain the right to  manage the latter's shares, which are in state ownership.

As stated in the explanatory note to the document, in 2020-2022, the  organization was re-profiled due to the treatment of patients with  COVID-19. Since March 2022, the organization has been re-profiled  again, as a result of which it has resumed its normal operations. In  2022, the organization ended the year with a profit, which was due to  the storage of a large amount of raw materials and supplies at the  enterprise, which contributed to their use and most of the funds  allocated for the payment of wages.

However, for 2023-2024, the organization accumulated accounts payable  in the amount of about 37 million drams, which tends to constantly  grow. In 2023, the net loss amounted to 18.2 million drams, in 2024 -  39.3 million drams.

The latter is due to a decrease in income, especially paid services.  In 2024, it decreased by about 27% compared to 2023, other income  decreased by about 2 times.

In addition to the above, the Organization is also affected by  non-financial factors, in particular, the outflow of medical  personnel. Along with all this, the Organization periodically took  measures to reduce costs, in particular, staff reductions and a  reduction in working hours were implemented.

"In order to ensure the efficiency of the distribution and planning  of the Organization's financial resources, it became necessary to  transfer the management of the Organization to the Ministry of  Health," the document states.