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http://dx.doi.org/10.14400/JDC.2014.12.7.315

A Study on Decisive Factors Impacting Business Profits of Regional Medical Centers  

Lee, Jin-Woo (Konyang University Graduate school Hospital Management and Administration)
Kim, Young-Jong (Konyang University Graduate school Hospital Management and Administration)
Kim, Yong-Ha (Konyang University Hospital Management)
Kim, Kwang-Hwan (Konyang University Hospital Management)
Publication Information
Journal of Digital Convergence / v.12, no.7, 2014 , pp. 315-325 More about this Journal
Abstract
This study is investigates decisive factors impacting business profits of regional medical centers by utilizing their environmental characteristics to provide useful basic data to seek for a method to establish financial soundness and profitability. The research objects are medical treatment record and management indicators of 31 regional medical centers for the past three years from 2010 through 2012. The method of analysis are ANOVA and Multiple Regression Analysis. The results revealed the debt and management ratio in the profit rate of total medical liabilities and net worth, current balance in the medical profit on medical revenue, and hospital bed turnover rate, emergency hospitalization rate, rate of labor cost, and rate of material cost in the business profits as the decisive factors. It is recommended to identify financial feedback and establish diversified management strategies through accurate management analysis to secure financial soundness and profitability in medical centers.
Keywords
Regional medical centers; Business profits; Financial feedback; Management strategies; Management analysis;
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Times Cited By KSCI : 6  (Citation Analysis)
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