Evaluating the Feasibility of Financial Variables of Health: A Hospital Administrator s Viewpoint

Today, the health system is one of the largest sections of the economy throughout the world. Therefore, the managers and policymakers of the health and treatment sections should be trained by exploiting the financial assessment indices and also by acquiring the knowledge via training the indices and sufficient recognition of hospital function. The purpose of the present study is determination of the effective and trainable financial indices in assessment of function of the Iran University of Medical Science hospitals for providing a systematic educational training to evaluating the financial function of hospitals. the present study is a combinational method including systematic review analysis and analytical hierarchy method which was confirmed by using of the suggested paradigm for analytical hierarchy process (AHP) after extracting the indices of the function assessment of hospital. The experts consisted of 162 subjects.
Findings: the indices were determined for nine groups including trainable indices for managers, cash, investment, quick ratio (acid test ratio), income, expense, exploitation, the proportion of management efficacy and other financial ratios that can be used for educational periods for managers. In addition, subscale of each of them was prioritized and measured. From the above indices, the profitability index had the highest priority which acquired the first rank with 0.246 scores for training and the least priority was related to the factor of contingency measures with 0.010 scores. The indices of cash, profitability, and investment had the highest scale in the educational needs of managers. The indices of the financial function defines the financial status of the hospitals and also it determines the strengths and weaknesses of the hospitals for strategic decision making, and it is fundamental for comparison between different hospitals.