Presentation a Model of Financial Indicators for Evaluating the Performance of Specialized and Sub-Specialized Hospitals in Iran

Hospitals, as one of the main organizations providing health services and also as the largest and most expensive operating unit of the health system, are of special importance and sensitivity in health economics. The purpose of this study is to provide a model of financial indicators for evaluating the performance of specialized and sub-specialized hospitals in Iran.

The present research is an applied research that has been done in four phases with a combination of quantitative and qualitative methods. The first phase includes the study of financial evaluation indicators of the health system and hospitals in scientific texts in Iran and the world, the second phase includes drafting the financial performance evaluation indicators of hospitals and semi-structured interviews with experts, the third phase involves reaching a consensus with using the Delphi technique and the fourth phase includes presenting the model using structural equation modeling and Amos software.

Findings show a significant relationship between income domain variables (P-value ≤0.001 and T-Statistics = 7.70), capital structure domain (P-value ≤0.001 and T-Statistics = 4.56), liquidity domain (P-value ≤0.001 and T-Statistics = 3.52), cost domain (P-value = 0.004 and T-Statistics = 2.87) and asset efficiency domain (P-value = 0.012 and T-Statistics = 2.53), with evaluation of financial performance in hospitals.

The results of the present study showed that financial performance indicators are classified into 6 areas: profitability, liquidity, income, cost, capital and asset efficiency. Applying and analyzing financial indicators is an essential component of effective financial management and its application in the health system is monitoring financial performance. and predicting problems.