Korea Journal of Hospital Management (한국병원경영학회지)
- Volume 6 Issue 2
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- Pages.156-172
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- 2001
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- 1226-6299(pISSN)
Analysis of Financial Structure and Managerial Performance of Profit/Loss-Making Hospitals under the IMF
IMF 초기 2년간 흑자/적자병원의 재무구조와 경영성과분석
- Lee, Chang-Eun (Future Hospital Management Consulting co., Ltd.) ;
- Jung, Key-Sun (Future Hospital Management Consulting co., Ltd.) ;
- Hwang, In-Kyung (Department of Healthcare Management and Information, Kyungwon University)
- Published : 2001.06.30
Abstract
Financial ratio indicators of the 73 sample hospitals provided by the Korea Hospital Association in 1998-1999, together with the data by the Korea Health Industry Development Institute in 1007, were analysed to identify the financial structure and managerial performance of the profit/loss-making hospitals under the IMF. The major findings of this study were as belows. 1. Among the general characteristics, there was a statistical significance in the hospital location and the number of operating beds between profit-making hospitals and loss-making hospitals. 2. Financial ratio indicators of the profit-making hospitals were better than those of the loss-making hospitals. 3. Financial ratio indicators, including Liquidity, Performance Indicators and Growth Rate Indicators of profit-making hospitals, were better than those of loss-making hospitals except for Turnover Ratios under the IMF economic impasse.