DOI QR코드

DOI QR Code

A Study on the Factors of the Special Hospital Designation System that Affect Financial Performance: Comparison Before and After the Implementation of the Specialty Hospital System

전문병원 지정이 재무성과에 영향을 미치는 요인에 관한 연구 : 전문병원제도 시행전후 비교

  • Kim, Moon-Kyum (Department of Entrepreneurship & Small Business Graduate School, Soongsil University) ;
  • Kim, Soon-Choul (Department of Entrepreneurship & Small Business Graduate School, Soongsil University) ;
  • Cho, Im-Soo (Department of Entrepreneurship & Small Business Graduate School, Soongsil University)
  • 김문겸 (숭실대학교 대학원 벤처중소기업학과) ;
  • 김순철 (숭실대학교 대학원 벤처중소기업학과) ;
  • 조임수 (숭실대학교 대학원 벤처중소기업학과)
  • Received : 2016.02.01
  • Accepted : 2016.03.08
  • Published : 2016.03.31

Abstract

Objectives : The aim of this study was to investigate whether there is a difference in the factors affecting the financial performance and profitability before and after the specialty hospital designation and thereby identifying the differentiated significance of the financial performance of specialty hospitals. Methods : Based on the year 2011, the analysis period was divided into the pre-specialty hospital designation (2007-2010) and post-specialty hospital designation (2011-2014), and the data were pooled according to the respective analysis period and analyzed by descriptive statistics and regression analysis. Results : The difference in the financial factors that affected the financial performance and profitability before and after the specialty hospital designation was discovered, and a financial performance factor different from prior studies was found. Conclusions : This study identified improved outcomes in financial performance due to the specialty hospital designation and the factors that affect profitability in terms of the finance of specialty hospitals.

Keywords

References

  1. J.H. Yang, D.M. Chang(2011), Analysis of the Relationship between Financial Ratio and Profitability of University Hospitals, The Korean Journal of Health Economics and Policy, Vol.17(2);1-17.
  2. J.Y. Choi, J.H. Kim(2013), What Factors Are Linked to Profitability among Hospitals?: A Review on the Research Trends, Health Policy and Management, Vol.23(4);397-414. https://doi.org/10.4332/KJHPA.2013.23.4.397
  3. H.G. Ryu, W.H. Jang(2015), The Effect Competence and Competitive Strategy on Performance in Special Hospitals and the Moderating Effect of the Business Environment, The Korean Journal of Health Service Management, Vol.9(4);13-32. https://doi.org/10.12811/kshsm.2015.9.4.013
  4. J. Valvona, F.A. Sloan(1988), Hospital Profitability and Capital Structure: a Comparative Analysis, Health Service Research, Vol.23(3);343-357.
  5. L.C. Gapenski(1999), Understanding health care financial management, AUPHA Press, Health Administration Press, Ann Arbor Michigan;34-45.
  6. L.C. Gapenski, W.B. Vogel(1993), O.B. Langland, The determinants of hospital profitability, Hospital Health Service Administration, Vol.38(1);63-80.
  7. H.Q. Trinh, S.J. O'Connor(2000), The strategic behavior of U.S. rural hospitals, Health Care Management Review, Vol.25(4);48-64.
  8. W.J. Kim, H.J. Lee(1994), The determinants of hospital Profitability, Korean Journal of Health Policy Adminstration, Vol.4(1);123-137.
  9. W.J. Kim, Y.C. Lee, S.H. Kang(1999), Specialization of small and medium-size hospitals and managerial, Korean Journal of Hospital Management, Vol.4(2);85-105.
  10. K.H. Lee, S.M. Kwon(2013), Performance of local government hospital, Korean Journal of Health Policy Adminstration, Vol.13(2);101-124.
  11. Y.S. Lee, H.S. Rhee, M.K. Choi(2004), Factors affecting the profitability of private hospitals in Korea, Korean Journal of Hospital Management, Vol.9(1);22-45.
  12. J.W. Moon, J.S. Park(2004), Analysis on Relating Factors of Profitability of Korean Public Corporation Medical Centers(KPCMCs), Korean Journal of Hospital Management, Vol.9(2);102-127.
  13. J.H. Kim, H.W. Ha, H.J. Lee(2005), Factors Affecting the Operating Performance of General Hospitals, Korean Journal of Hospital Management, Vol.10(3);45-66.
  14. S.W. Jung, I.K. Hwang, D.C. Jung(2006), Determinants of the Operating Profitability of the Medical Clinics, Korean Journal of Hospital Management, Vol.11(1);54-90.
  15. J.Y. Park(2007), Some factors affecting profitability of local public hospitals, Korean Journal of Hospital Management, Vol.12(3);47-67.
  16. M.S. Jung, K.H. Lee, M.K. Choi(2008), An Analysis of Structural Relationships among Financial Indicators of Hospitals in Korea: Applying Structural Equation Modeling(SEM), Korean Journal of Health Policy & Administration, Vol.18(2);19-38. https://doi.org/10.4332/KJHPA.2008.18.2.019
  17. M.Y. Hong, H.J. Lee, D.W. Lee, H.S. Joo(2009), The determinants of profitability performance in regional public hospitals, Korean Journal of Hospital Management, Vol.14(2);1-20.
  18. J.H. Yang, D.M. Chang, C.J. Suh(2010), The determinants of profitability of university hospital in Korea, Korean Journal of Hospital Management, Vol.15(4);43-62.
  19. H.T. Jung(2014), Effect's Special Hospital Introduction and Policy Implications, Journal of Hospital Management & Policy, Vol.4(1);17-26.
  20. I.W. Ahn, D.H. Yang(2005), An Investigation of Factors Affecting Management Efficiency in Korean General Hospitals Using DEA Model, Korean Journal of Hospital Management, Vol.10(1);71-92.