“…When analysing healthcare efficiency, several international studies focus on economic and social factors, and lifestyle such as unemployment rate or level of education (see, e.g., Spinks and Hollingsworth, 2009). Others use financial indicators because healthcare expenditure has important effect on public health, as well as on the operation of health systems (Hadad, Hadad and Simon-Tuval, 2011;Portafke, 2010;Rivera, 2010;Schoenberg, et al, 2007;Asandului, Roman and Puiu, 2014). …”