Abstract
Materials and methods A literature review was performed for selected indicators of benchmarking. This study used secondary data (financial statements) to identify industry standards for hospitals. Data on hospital expenditures of public hospitals were categorised into 5 groups (input mix), which included salary, compensation, drugs, material supply and other expenses. In addition, selected financial ratio analysis (performance) was carried out which included earnings before interest, taxes, depreciation, and amortization (EBITDA), cash ratio, average collection period, payment period and service cost.
Highlights
Continuous monitoring and evaluation of hospital financing performance is necessary for hospital managers and system governance agency, Ministry of Public Health
The objective of this study was to establish a set of financial benchmarks for stakeholders for use in hospital financial management
The average salary expense of district hospitals (40%) was higher than that of general hospitals (37%), and regional hospitals (32%), respectively
Summary
The objective of this study was to establish a set of financial benchmarks for stakeholders for use in hospital financial management
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