The Issue of Indebtedness of Czech Hospitals
| Authors | |
|---|---|
| Year of publication | 2014 |
| Type | Article in Proceedings |
| Conference | European Financial Systems 2014.Proceedings of the 11th International Scientific Conference |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | hospitals; revenues; subsidies; indebtedness; personnel costs |
| Description | The paper represents the current state of indebtedness of Czech hospitals in dependence on the selected financial indicators and parameters. It responds to the current challenges related to adjustments of the health care financing system which not only EU countries are facing. It also points to the problem of financial reporting and accounting processes of organizations providing health care. The research was based on analysis of secondary data, which were selected from annual reports and internal documents of hospitals in the year 2012. In the research the following financial indicators were used - revenues, subsidies, personnel costs, depreciation, liabilities. The legal form of the hospital is also taken in account. Statistical analysis of dependencies was performed on the obtained data. The period of 2012 was chosen because it is the last known year for which hospitals submitted their annual reports. The presented research provides objective evidence of indebtedness of hospitals in the area of the Czech Republic and discusses the currently performed estimate that says a third of hospitals are facing the danger of extinction due to their high indebtedness. The achieved results of the research indicate the current state of indebtedness of hospitals in terms of cost structure (depreciation, personnel costs) and their relation to achieved revenues, net of subsidies received. |
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