Financial performance indexes of Beijing municipal hospitals and their role in hospital operation management

Abstract

With the advancement of the health reform and development of medical services, and performance evaluation of fine management, have become a major means to regulate medical services, improve quality of medical services, and promote healthy functioning of hospitals. The Hospital Authority worked out the performance evaluation standards for municipal hospitals. Setup of such financial evaluation indices as cost control rate, basic operation and healthcare materials for 10 000 yuan medical revenue, per-capita income and expenditure balance, implementation of fiscal input, and asset turnover. Finance and asset management of municipal public hospitals were subject to a general assessment and comparative analysis. Assessment results were linked to the hospital's annual performance bonuses. This enables the financial indicators and assessment to play a key role for hospitals to reduce costs, improve efficiency and strengthen fine management. Hospitals were encouraged to achieve balanced income and expenditure, surpluses, asset efficiency, performance budgeting, cost controls, decent financial operations. Key words: Public hospitals; Financial indicators; Performance evaluation