The Korean Journal of Health Service Management (보건의료산업학회지)

Korea Society of Health Service Management (보건의료산업학회)
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Factors Affecting the Performance of Local Public Hospitals

지방의료원의 경영성과에 미치는 영향

  • Yang, Jong-Hyun (Department of Health Administration, Jungwon University) ;
  • Lee, Jung-Woo (Department of Health Service Management, Daejeon University)
  • 양종현 (중원대학교 보건행정학과) ;
  • 이정우 (대전대학교 의료경영학과)
  • Received : 2017.07.26
  • Accepted : 2017.09.15
  • Published : 2017.09.30
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Abstract

Objectives : The purpose of this study was to analyze factors affecting the performance of public hospitals in South Korea. Methods : We collected management performance data from 2013 to 2015 from income statements, balance sheets, and annual reports from 32 local public hospitals. The dependent variable used was profitability, which included operating margin, return on assets and net profit to gross revenues. The independent variables were general characteristics, liquidity, stability, and activity. Results : Patient revenues, total assets, and total capital had increased steadily but patient expenses had increased to a greater extent. Operating profit, and net profit were consistently in deficits and the management status of local public hospitals had recently been in difficulty. The debt ratio, quick ratio, ratio of fixed liability and fixed assets turnover rate have a significant positive(+) effect on performance in the years 2013-2015. Conclusions : We suggest management strategies for these hospitals based on the results analyzed.

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