A Study on Efficient Management by Analyzing Revenue and Expenses of Mega Hospitals
Journal: International Research Journal of Advanced Engineering and Science (Vol.4, No. 3)Publication Date: 2019-15-07
Abstract
The purpose of this study is to identify the causes of fiscal deficits of tertiary hospitals in metropolitan areas, by analyzing the profits and expenses, and to suggest alternatives to resolve them. It is based on the objective profitability index of medical profitability, and adopts hospital's income statement and statement of financial position to single out the items that can increase profits while reducing expenses, suggesting an appropriate strategy for this. In order to increase the profits of hospitals, it is necessary to increase the bed turnover rate and improve benefits of emergency surgery, along with the efforts to reduce labor expenses, material expenses, and management expenses. This can contribute to improving the quality of care over the long term by securing hospital interests..
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