EVALUATING THE FINANCIAL PERFORMANCE OF PUBLIC HOSPITALS: PANEL DATA ANALYSIS

Authors : Berat Ünüvar, Derviş Boztosun

Pages : 593-606

Doi:10.61859/hacettepesid.1645561

View : 153 | Download : 329

Publication Date : 2025-12-24

Article Type : Research Paper

Abstract :Hospitals are the oldest and largest provider of healthcare services. Health technology is both expensive and constantly evolving and changing. In addition, factors such as increases in the proportion of aging population, in the number of immigrants, and relevant factors such as pandemic diseases, etc. increase the number of patients and therefore the treatment costs. Hospitals have to meet all these costs with limited resources. In order to provide, and sustain high quality health services, hospitals need to measure, and enhance their financial performances. In this context, the purpose of this study is to determine both the relationship between current ratio, leverage ratio, net sales, size of the enterprise and active asset turnover rate with return on assets and return on equity, which are determined as financial performance indicators, and to specify the direction of the relevant effects. This study was conducted between 2017 and 2021with the data obtained from the income and balance sheet statements of 52 hospitals affiliated to the Ministry of Health. The data of the study were analyzed with panel data analysis. As a result, active asset turnover rate has a significant positive relationship with financial performance. However, leverage ratio has a significant negative relationship with financial performance. Size of the enterprise, net sales and current ratio have no significant relationship with financial performance.
Keywords : Hastanelerin finansal performansı, Aktif karlılık, Özkaynak karlılığı, Panel veri analizi.

ORIGINAL ARTICLE URL