Korea Journal of Hospital Management (한국병원경영학회지)

Korean Society of Hospital Management (한국병원경영학회)
권호 표지

Economic Analysis of Introduction of Third Party Logistics System in a Tertiary Hospital

상급종합병원 3자 물류외주시스템 도입의 경제성 분석

  • Byeoung Heon Yoo (Yonsei University Won-ju Severance Christian Hospital) ;
  • Jin-Won Noh (Division of Health Administration, College of Software and Digital Health care Convergence, Yonsei University) ;
  • Sei-Jong Baek (Department of Health Administration, Yonsei University Graduate School) ;
  • Eun Woo Nam (Division of Health Administration, College of Software and Digital Health care Convergence, Yonsei University)
  • 유병헌 (연세대학교 원주세브란스기독병원) ;
  • 노진원 (연세대학교 소프트웨어디지털헬스케어융합대학 보건행정학부) ;
  • 백세종 (연세대학교 일반대학원 보건행정학과) ;
  • 남은우 (연세대학교 소프트웨어디지털헬스케어융합대학 보건행정학부)
  • Received : 2022.11.19
  • Accepted : 2023.03.01
  • Published : 2023.03.30
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Abstract

Purpose: This study purposed to analyze the economic feasibility of introducing a third party logistics system as a strategic alternative to hospital management. Methods: Economic analysis was performed by measuring changes in costs and benefits before and after implement the third party logistics system and estimating the size of net benefits for the next five years for the target hospital. A questionnaire survey and in-depth interview with stake-holders were conducted to find out the satisfaction and effectiveness of the system. Findings: According to results, the cost-benefit ratio for the implementation of the system was 1.18. For the next five years, the cost-benefit ratio was 1.48, the net present value was about 1.7 billion won, and the internal rate of return was 64%. The satisfaction of internal stake-holders was relatively high, in terms of improving the concentration of unique tasks and increasing the efficiency of inventory management. Practical Implications: It was found that the increase in benefits had a greater effect on the change in the cost-benefit ratio than the increase in costs resulting from the expansion of logistics, and the increase in the present value of net benefits gradually decreased as the cost increased. In addition, overall job satisfaction and satisfaction with outsourcing companies were relatively low, which means that stabilization of the new system is important. Further study is needed for more accurate economic analysis.

Keywords

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