EVALUATION OF FINANCIAL PERFORMANCE OF UNIVERSITY HOSPITALS BY RATIO ANALYSIS METHOD

This study aims to evaluate the financial performances of public university hospitals in Turkey; make a contribution to the related literature in accordance with the findings and develop recommendations for the decision makers. Within the scope of the study, financial statements of the revolving fund of the 43 public university hospitals for the years of 2013, 2014 and 2015 were obtained from the Ministry of Finance General Directorate of Public Accounts. Financial statements were evaluated by ratio analysis method. After analyzing, it has been concluded that the burden of debt of the hospitals was high, they have been experiencing the problem of paying short term debts, stock turnover rates and turnover rates were low and the incomes of the hospitals can not cover their expenses. It is recommended that hospitals should use resources more efficiently and decision makers should consider education and research activities in budget allocation to university hospitals.