COMPARISON OF FINANCIAL PERFORMANCE INDICATORS OF HOSPITAL HEALTHCARE INSTITUTIONS

Abstract

This paper focuses on determination of statistically significant difference between income, expenses, liabilities, receivables, and business results realised by hospital healthcare institutions involved in the research, and compares those data between general hospitals and clinical hospital centres, clinical hospitals and clinics.
Research methodology includes the Shapiro-Wilk normality test. Continuous data are described by the median and the limits of interquartile range. Differences in continuous values between general hospitals and clinical hospital centres/clinical hospitals/clinics are tested by the Mann-Whitney U test, whereas the Wilcoxon test, or the Friedman test (Post hoc test Conover) are used for testing of data according to business years of general hospitals or clinical hospital centres/clinical hospitals/clinics. The research results indicate that there is a statistically significant difference between income, expenses and business results, as well as receivables of general hospitals in comparison to clinical hospital centres, clinical hospitals and clinics. The due liability ranks of general hospitals compared to clinical hospital centres/clinical hospitals/clinics do not differ significantly.
Based on the analysis of available data and analysis of financial indicators of clinical hospital centres, clinical hospitals, clinics and general hospitals, this research confirms two of the three hypotheses. In general, all hospitals as healthcare institutions should continue to increase income and undertake measures to reduce business expenses in order to provide for stable and sustainable financial operations.