Design of Financial Indicators Assessment Model for Iran Hospitals

Abstract

Today, health system forms one of the greatest economic parts of the world and policy makers of health sector should take advantage of financial assessment indicators to find sufficient knowledge and understanding about costs and revenues of hospitals. The present study intended to offer a model for financial indicators assessment of hospitals in Iran in order to provide a filed for establishment of a systematic system of financial performance assessment of hospitals. Methodology:the present study consisted of a combination of two methods including hierarchy analysis and systematic review analysis. After extracting indicators of hospitals’ financial performance assessment, the proposed model was approved by using Analysis Hierarchy Process (AHP) and scholars group consisted of 62 person. Findings: indicators were determined in a nine-group including indicators of profitability, liquidity, capital structure, quick ratio (Acid test), revenue, cost, proficiency, efficiency asset ratio (management) and other financial ratios and their sub-indicators were prioritized and weighted. Among mentioned indicators, highest priority was related to profitability indicator (.246) and lowest priority was related to other financial ratios (.010).Conclusion: indicators of profitability, liquidity and capital structure had the highest weight. Indicators of financial performance assessment can determine financial state of hospitals, and identify Strengths and weaknesses of hospitals for strategic decisions-making, and finally, it can be a comparison basis for different hospitals.