Research On Financial Performance Of A Hospital

A Hospital is a social medical institution restructured from an enterprise hospital.Under the guidance of national policies,A Hospital changed the previous extensive operation mode and adopted BSC method to carry out performance appraisal for the hospital,departments and staff,which has greatly promoted the development of A Hospital.With the development of A Hospital,problemst have been gradually exposed.Moreover,the BSC method is increasingly difficult to meet the management needs of A Hospital.Therefore,it is difficult to analyze and solve the problems and causes of the decline of financial performance level with the BSC method.Therefore,there are two main tasks in this paper.One is to re-evaluate the financial performance of A Hospital;the other is to explore the factors of the financial performance and put forward suggestions for improvement.The author selectes eight financial indicators of A Hospital to calculates the financial performance and summarizes four problems of A Hospital financial’s performance: First,the level of comprehensive performance shows a downward trend;second,the operating ability is weakened;third,the scale expansion does not match the economic benefits;fourth,the profit level fluctuates significantly.Compared with the BSC method,the factor analysis model reflects the financial performance of A Hospital in a more comprehensive and objective way.The author put forward six hypotheses related to the financial performance of A Hospital,including executive compensation,asset size,capital structure,income structure,labor productivity and training input.The two assumptions about executive compensation and asset size are obtained by using the theoretical results.The two assumptions about labor productivity and training input income are based on the author’s understanding.The income structure hypothesis is based on the author’s observation of A Hospital’s financial data.As for the assumption of capital structure,the author analyzes the true indicators that affect the financial performance of A Hospital and defines them as credit liabilities.Using credit liabilities to replace the asset-liability ratio to describe asset structure is a practical improvement made by the author on the basis of theory combined with research content.Finally,it is found that executive compensation and credit liabilities are significantly positively correlated with financial performance,while asset size,outpatient income,per capita income tax and training expenditure are significantly negatively correlated with financial performance.Among them,the per capita income tax and training expenditure are inconsistent with the hypothesis.The author found that the reasons causing the inconsistency between the results and the reasoning are respectively the rapid growth of A Hospital’s own staff and the insignificant effect of training input.Based on the comprehensive regression analysis and the actual situation of A Hospital,this paper put forward some specific performance improvement measures.Among the suggestions,the author suggests spiritualizing the incentive methods,and expanding the incentive methods rather than limiting them to physical compensation.In the aspect of human resources reform,this paper also proposes to stimulate the vitality of human resources by giving full play to the organizational role of trade unions and the Communist Youth League,and to combine the reform of human resources closely with China’s national conditions.The countermeasures proposed in this paper conform to the reality as much as possible,and try to avoid the problem that the suggestions are too general and the research conclusions lack practicality.