MANAGEMENT AND FUNDING OF THE HEALTHCARE SYSTEM
Journal Title: Polish Journal of Management Studies - Year 2017, Vol 16, Issue 2
Abstract
Healthcare is currently undergoing a challenging and dynamic period. In the field of financial-economic analyzes, modern methods of evaluating decision-making units are quite often used as a necessary tool for assessing the financial stability and performance of decision-making units. The aim of this paper is to analyse the financial situation and financing in the healthcare sector, to implement the DuPont model in the healthcare sector of Slovak Republic. Mentioned sector is divided by SK NACE 86 - Human Health Activities in Slovakia. Authors quantify the impact of changes in analytical factors of the return on sales, the total assets turnover ratio, the debt ratio on the return on equity of the whole industry is assessed by using the logarithmic, index, incremental, and functional method, which represent methods of quantification of the impact of determining factors. Data on the mean values of the financial metrics are obtained through the Cribis information portal. The following sources are used for quantification of healthcare status parameters of the Slovak Republic: OECD Health Data, European Community health indicators (ECHI), WHO Global Health Observatory, National Health Information Center, and Statistical Office of the Slovak Republic. The results show that the use of functional method is the most effective for the management of business entities within the healthcare sector. It was found that the return on assets has the greatest impact on the equity<br/><br/>
Authors and Affiliations
Róbert Štefko, Sylvia Jenčová, Eva Litavcová, Petra Vašaničová
Keywords
Related Articles
- EP ID EP248689
- DOI 10.17512/pjms.2017.16.2.23
- Views 75
- Downloads 0
EFFECTIVE IMPLEMENTATION OF E-CRM STRATEGY
In the era of digital economy customer satisfaction and loyalty are key factors for the establishment of good relations with customers and partners in the supply chain. For customers to be satisfied data protection and p...
ANALYSIS OF THE RELATIONSHIP BETWEEN ECONOMIC FORCES AND ABNORMAL STOCK RETURN: EMPIRICAL EVIDENCE
Financial markets plays a vital role in the Jordanian economy organizes its operations in a changing environment, which is working on the transfer of local resources through productive channels next to foreign investment...
THE INVESTMENT ATTRACTIVENESS EVALUATION: METHODS AND MEASUREMENT FEATURES
Today, enterprises operate under the fierce competition. So, there is a need of quick reaction on changes in external environment, and improvement of the performance. Constant development is the key to success for any or...
INCREASE OF POLES EDUCATION AS IMPROVEMENT THEIR VALUE ON THE JOB MARKET - SHORT TERM FORECAST
Article takes up the issues of education, especially at a tertiary level - of up-skilling of workers in Poland. The other countries in the European Union and countries associated with it as a point of reference was adopt...
Entrepreneurial Core Motivation as a Success Factor for Rural Entrepreneurship in Western India
Entrepreneurship development is increasingly being considered a potential contributor to economic growth and development as it opens various possibilities for rural people specifically regarding the creation of employmen...