BibTex RIS Cite

Determining financial ratios in health sector by factor analysis

Year 2010, Issue: 2, 23 - 46, 01.03.2010

Abstract

One of the aims of this study is to determine which relevant variables are suitable to use particularly in assessing the financial success and measuring the financial performance in the hospitals and another aim is to measure at which dimensions these variables focus. Thus, the main purpose of this study is to put financial variables on the map which are specific for hospitals by exploring a set of variables which may display financial characteristics of performance in general. Finally, this study would suggest that 32 financial ratios are possible to use in health sector and these ratios may be gathered under 7 dimensions.

References

  • 1. Akar, Ç., Kamu Hastane İşletmelerinde Oran Yöntemi İle Finansal Tablolar Analizi, “1.Ulusal Sağlık Kuruluşları ve Hastane Yönetimi Sempozyumu” (Ed. M. Doğan, Ö. Harmancıoğlu ve Y. Yeğinboy)’da, Hotel İmbat, Kuşadası, Aydın, s.173-187, 1994
  • 2. Akgül, A., Çevik, O., İstatistiksel Analiz Teknikleri:SPSS’te İşletme Yönetim Uygulamaları, Emek Ofset Ltd. Şti., Ankara, 2003
  • 3. Atan, M., Risk Yönetimi ve Türk Bankacılık Sektöründe Bir Uygulama, Ekonometri Anabilim Dalı Doktora Tezi, Gazi Üniversitesi Sosyal Bilimler Enstitüsü, Ankara, 2002
  • 4. Berman, H.J., Kukla, S.F. ve Weeks, L.E., The Financial Management of Hospitals, Health Administration Press, Eighth Ed., Ann Arbor, Michigan, 1994
  • 5. Brecher, C., Nesbitt, S., Factors Associated with Variation in Financial Condition Among Voluntary Hospitals, Health Services Research, 20(3), 267- 300, 1985
  • 6. Caruana, R., Kudder, G., Seeing through the Figures with Ratios, Hospital Financial Management. 32(6), 16-26, 1978
  • 7. Chen, K.H., Shimerda, T.A. (1981), An Empirical Analysis of Useful Financial Ratios, Financial Management. Spring:51-60
  • 8. Choate, G.M., Tanaka, K., Using Financial Ratio Analysis to Compare Hospitals’ Performance, Hospital Progress, 60(4), 43-58, 1979
  • 9. Chu, D.K.W., Zollinger, T.W., Kelley, A.S., Saywell, R.M., An Empirical Analysis of Cash Flow, Working Capital, and the Stability of Financial Ratio Groups in the Hospital Industry, Journal of Accounting and Public Policy, 10(1), 39-58, 1991
  • 10. Cleverly, W.O., Nilsen, K., Assessing Financial Position with 29 Key Ratios, Hospital Financial Management, 34 (1), 30-36, 1980
  • 11. Cleverly, W.O., Nutt, P.C., The Decision Process Used for Hospital Bond Rating and its Implications, Health Services Research, 19(5), 615-637, 1984
  • 12. Coyne, J.S., Measuring Hospital Performance in Multiinstitutional Organizations Using Financial Ratios, Health Care Management Review, 10(4), 35-42, 1985
  • 13. Flex Monitoring Team, 05/2005. Financial Indicators for Critical Access Hospitals [online]. Flex Monitoring Team Briefing Paper No:7. http://www
  • flexmonitoring.org [03/05/2005]
  • 14. Gallizo, J.L., Salvador, M., Understanding the Behavior of Financial Ratios:The Adjustment Process, Journal of Economics and Business, 55:267-283, 2003
  • 15. Gapenski, L.C., Understanding Health Care Financial Management: Texts, Cases, and Models, AUPHA Pres/Health Administration Press, Chicago, 1996
  • 16. Gardiner, L.R., Oswald, S.L., Jahera, J.S., Prediction of Hospital Failure: A Post- PPS Analysis, Hospital and Health Services Administration, 41(4), 441- 460, 1996
  • 17. Glandon, G.L., Counte, M., Holloman, K., Kowalczyk, J. (1987) An Analytical Review of Hospital Financial Performance Measures. Hospital and Health Services Administration.; 32(4): 439-455
  • 18. Gombola, M.J., Ketz, J.E. (1983) Financial Ratio Patterns in Retail Manufacturing Organizations. Financial Management, 12(2):45-56
  • 19. Hair, J. F., Anderson, R.E., Tatham, R.L., Black, W.C., Multivariate Data Analysis, 5th Ed., New York, 1998
  • 20. McCue, M.J., Furst, R.W., Financial Characteristics of Hospitals Purchased by Investor-Owned Chains, Health Services Research. 21(4):515-527, 1986
  • 21. McCue, M.J., Lynch, J.R., Financial Assessment of Small Multihospital Systems, Hospital and Health Services Administration, 32(2), 171-189, 1987
  • 22. Özgülbaş, N., Koyuncugil, A.S., Finansal Performans Düzeyinin Artırılmasında Bir Strateji Olarak Benchmarking Tekniğinin Uygulanması, 9. Ulusal Finans Sempozyumu Kitabı, s.387-399, 2005
  • 23. Özgülbaş, N., Malhan, S., Hastanelerin Finansal Performansının Ölçümünde Kullanılmak Üzere Standart Oranların Belirlenmesi ve Örnek Bir Uygulama
  • “2000’li Yıllarda Sağlık Hizmetleri ve Kurumları Yönetimi” (Eds
  • M.Tatar, İ. Şahin, G. Erigüç)’de, I.Ulusal Sağlık İdaresi Kongresi, Ankara, s.419-431, 2000
  • 24. Sağlık Bakanlığı, 2005 Yataklı Tedavi Kurumları İstatistik Yıllığı, Ankara, 2006
  • 25. Sağlık Bakanlığı, Strateji Geliştirme Başkanlığı Tekdüzen Muhasebe Sistemi, Ankara, 2006
  • 26. Tatlıdil, H., Uygulamalı Çok Değişkenli İstatistiksel Analiz, Akademi Matbaası, Ankara, 2002
  • 27. Watkins, A.L., Hospital Financial Ratio Classification Patterns Revisited: Upon Considering Nonfinancial İnformation, Journal of Accounting and Public Policy, 19, 73-95, 2000
  • 28. Wertheim, P., Lynn, M. L., Development of a Prediction Model for Hospital Closure Using Financial Accounting Data, Decision Sciences, 24(3), 529- 546, 1993
  • 29. World Bank, Turkey Reforming The Health Sector For Improved Access And Efficiency, (Volume II: Background Papers) World Bank, Human Development Sector Unit, Report No: 24358-TU, 2003
  • 30. Zeller, T. L., Stanko, B. B., Cleverly, W. O., A Revised Classification of Hospital Financial Ratios, Journal of Accounting and Public Policy, 15, 161-182, 1996
  • 31. Zelman, W. N., McCue, M.J., Millikan, A.R., Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications, Blackwell Publishers Inc., USA, 2000

Hastane sektorunde faktor analizi ile sektorel finansal oranların oluşturulması

Year 2010, Issue: 2, 23 - 46, 01.03.2010

Abstract

Bu çalışma, hastane sektöründe özellikle finansal başarı değerlendirilmesinde ve finansal performansın ölçümünde kullanılabilecek anlamlı değişkenlerin neler olduğunun tespitine ve bu değişkenlerin hangi boyutlarda yoğunlaştığını ölçmeye çalışmaktadır. Bu sayede genel anlamda performansın finansal karakteristiklerini ortaya koyabilecek değişken kümesi araştırılarak hastane sektörüne özgü finansal değişkenlerin ortaya konması amaçlanmaktadır. Araştırma sonucunda hastane sektöründe kullanılabilecek 32 finansal oranın 7 boyut altında toplandığı tespit edilmiştir.

References

  • 1. Akar, Ç., Kamu Hastane İşletmelerinde Oran Yöntemi İle Finansal Tablolar Analizi, “1.Ulusal Sağlık Kuruluşları ve Hastane Yönetimi Sempozyumu” (Ed. M. Doğan, Ö. Harmancıoğlu ve Y. Yeğinboy)’da, Hotel İmbat, Kuşadası, Aydın, s.173-187, 1994
  • 2. Akgül, A., Çevik, O., İstatistiksel Analiz Teknikleri:SPSS’te İşletme Yönetim Uygulamaları, Emek Ofset Ltd. Şti., Ankara, 2003
  • 3. Atan, M., Risk Yönetimi ve Türk Bankacılık Sektöründe Bir Uygulama, Ekonometri Anabilim Dalı Doktora Tezi, Gazi Üniversitesi Sosyal Bilimler Enstitüsü, Ankara, 2002
  • 4. Berman, H.J., Kukla, S.F. ve Weeks, L.E., The Financial Management of Hospitals, Health Administration Press, Eighth Ed., Ann Arbor, Michigan, 1994
  • 5. Brecher, C., Nesbitt, S., Factors Associated with Variation in Financial Condition Among Voluntary Hospitals, Health Services Research, 20(3), 267- 300, 1985
  • 6. Caruana, R., Kudder, G., Seeing through the Figures with Ratios, Hospital Financial Management. 32(6), 16-26, 1978
  • 7. Chen, K.H., Shimerda, T.A. (1981), An Empirical Analysis of Useful Financial Ratios, Financial Management. Spring:51-60
  • 8. Choate, G.M., Tanaka, K., Using Financial Ratio Analysis to Compare Hospitals’ Performance, Hospital Progress, 60(4), 43-58, 1979
  • 9. Chu, D.K.W., Zollinger, T.W., Kelley, A.S., Saywell, R.M., An Empirical Analysis of Cash Flow, Working Capital, and the Stability of Financial Ratio Groups in the Hospital Industry, Journal of Accounting and Public Policy, 10(1), 39-58, 1991
  • 10. Cleverly, W.O., Nilsen, K., Assessing Financial Position with 29 Key Ratios, Hospital Financial Management, 34 (1), 30-36, 1980
  • 11. Cleverly, W.O., Nutt, P.C., The Decision Process Used for Hospital Bond Rating and its Implications, Health Services Research, 19(5), 615-637, 1984
  • 12. Coyne, J.S., Measuring Hospital Performance in Multiinstitutional Organizations Using Financial Ratios, Health Care Management Review, 10(4), 35-42, 1985
  • 13. Flex Monitoring Team, 05/2005. Financial Indicators for Critical Access Hospitals [online]. Flex Monitoring Team Briefing Paper No:7. http://www
  • flexmonitoring.org [03/05/2005]
  • 14. Gallizo, J.L., Salvador, M., Understanding the Behavior of Financial Ratios:The Adjustment Process, Journal of Economics and Business, 55:267-283, 2003
  • 15. Gapenski, L.C., Understanding Health Care Financial Management: Texts, Cases, and Models, AUPHA Pres/Health Administration Press, Chicago, 1996
  • 16. Gardiner, L.R., Oswald, S.L., Jahera, J.S., Prediction of Hospital Failure: A Post- PPS Analysis, Hospital and Health Services Administration, 41(4), 441- 460, 1996
  • 17. Glandon, G.L., Counte, M., Holloman, K., Kowalczyk, J. (1987) An Analytical Review of Hospital Financial Performance Measures. Hospital and Health Services Administration.; 32(4): 439-455
  • 18. Gombola, M.J., Ketz, J.E. (1983) Financial Ratio Patterns in Retail Manufacturing Organizations. Financial Management, 12(2):45-56
  • 19. Hair, J. F., Anderson, R.E., Tatham, R.L., Black, W.C., Multivariate Data Analysis, 5th Ed., New York, 1998
  • 20. McCue, M.J., Furst, R.W., Financial Characteristics of Hospitals Purchased by Investor-Owned Chains, Health Services Research. 21(4):515-527, 1986
  • 21. McCue, M.J., Lynch, J.R., Financial Assessment of Small Multihospital Systems, Hospital and Health Services Administration, 32(2), 171-189, 1987
  • 22. Özgülbaş, N., Koyuncugil, A.S., Finansal Performans Düzeyinin Artırılmasında Bir Strateji Olarak Benchmarking Tekniğinin Uygulanması, 9. Ulusal Finans Sempozyumu Kitabı, s.387-399, 2005
  • 23. Özgülbaş, N., Malhan, S., Hastanelerin Finansal Performansının Ölçümünde Kullanılmak Üzere Standart Oranların Belirlenmesi ve Örnek Bir Uygulama
  • “2000’li Yıllarda Sağlık Hizmetleri ve Kurumları Yönetimi” (Eds
  • M.Tatar, İ. Şahin, G. Erigüç)’de, I.Ulusal Sağlık İdaresi Kongresi, Ankara, s.419-431, 2000
  • 24. Sağlık Bakanlığı, 2005 Yataklı Tedavi Kurumları İstatistik Yıllığı, Ankara, 2006
  • 25. Sağlık Bakanlığı, Strateji Geliştirme Başkanlığı Tekdüzen Muhasebe Sistemi, Ankara, 2006
  • 26. Tatlıdil, H., Uygulamalı Çok Değişkenli İstatistiksel Analiz, Akademi Matbaası, Ankara, 2002
  • 27. Watkins, A.L., Hospital Financial Ratio Classification Patterns Revisited: Upon Considering Nonfinancial İnformation, Journal of Accounting and Public Policy, 19, 73-95, 2000
  • 28. Wertheim, P., Lynn, M. L., Development of a Prediction Model for Hospital Closure Using Financial Accounting Data, Decision Sciences, 24(3), 529- 546, 1993
  • 29. World Bank, Turkey Reforming The Health Sector For Improved Access And Efficiency, (Volume II: Background Papers) World Bank, Human Development Sector Unit, Report No: 24358-TU, 2003
  • 30. Zeller, T. L., Stanko, B. B., Cleverly, W. O., A Revised Classification of Hospital Financial Ratios, Journal of Accounting and Public Policy, 15, 161-182, 1996
  • 31. Zelman, W. N., McCue, M.J., Millikan, A.R., Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications, Blackwell Publishers Inc., USA, 2000
There are 34 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Menderes Tarcan This is me

Publication Date March 1, 2010
Submission Date August 16, 2014
Published in Issue Year 2010 Issue: 2

Cite

APA Tarcan, M. (2010). Hastane sektorunde faktor analizi ile sektorel finansal oranların oluşturulması. Verimlilik Dergisi(2), 23-46.

23139       23140          29293

22408 Journal of Productivity is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0)