Financial Performance Analysis in Private Hospitals: A Research on Private Hospitals in Kayseri

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Şükran Güngör Tanç
Tuğba Erciyes Eravcu

Abstract

It is extremely important for hospitals to keep their financial performans at a good level in order to sustain their existence. This study aims to evaluate the financial performance of private hospitals operating in Kayseri province with ratio analysis technique and to determine the factors that affect the financial performance levels of these hospitals. As the data source, the rates calculated with the help of the financial statements for the years 2012-2017 produced in the financial systems of private hospitals operating in Kayseri province are used. Due to the restricted access, the data of 6 of the 11 private hospitals operating in Kayseri were accessible. Financial performances are evaluated by comparing the calculated ratios with the sector averages. At the same time, Spearman correlation analysis was used to test whether there is a correlation between the determined financial value, creative factors and financial ratios. With the findings obtained, it is concluded that private hospitals operating in Kayseri had performance indicators close to the sector averages and these indicators are affected by financial factors.

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How to Cite
Güngör Tanç, Şükran, & Erciyes Eravcu, T. (2021). Financial Performance Analysis in Private Hospitals: A Research on Private Hospitals in Kayseri. Journal of Business Academy, 2(4), 381–397. https://doi.org/10.26677/TR1010.2021.914
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