Abstract
Abstract Introduction In the face of the increasing complexity of health care systems, growing competition and changing patient needs, modern health care facilities face the challenge of constantly improving management strategies and prac‑ tices. A key element of this process is the use of precise, adequate, and effective analytical tools. Purpose of the work presenting the most important analytical instruments used in the practice of hospital management, their impact on financial efficiency and their importance for the decision-making process in the context of the medical sector. Material and methods Analytical tools used to improve the management pro‑ cess of a medical entity were analyzed in terms of their effectiveness. Results When examining the impact of analytical methods on the financial sit‑ uation of medical facilities, it is important to focus on financial aspects, mainly related to the balance of costs and revenues. Public utility facilities operating within structures such as independent public health care facilities or budgetary units do not aim to generate profit. Conclusions 1. Hospital management must have tools that not only provide specific knowledge about the current situation, but also enable forecasting future trends and challenges. 2. Operational efficiency, financial profitability, and quality of services pro‑ vided are just some of the areas where advanced analytical methods can bring significant benefits. 3. The effectiveness of analytical tools is closely related to the ability to in‑ terpret and implement them in management practice.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call