• Title/Summary/Keyword: Hospital Industry

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Analysis on Industrial Structure of Hospitals that Have Over 500 Beds (500병상 이상 규모 병원의 산업구조 분석)

  • 조우현;전기홍
    • Health Policy and Management
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    • v.8 no.2
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    • pp.25-57
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    • 1998
  • In order to assess the attractiveness of the hospital industry, the competitive environment of the industry was analyzed. With the employment of Michael Porter's five forces model' the deciding factor was examined and applied to evaluate the intensity of the competitiveness in the hospital industry, and then the structure and attractiveness in hospital industry was assessed. The subject of this study was hospitals that have over 500 beds. Main findings are as follows. 1. Out of 5 factors deciding competitiveness, the pressure from newly opened hospitals and the competition between existing hospitals, were both high in intensity; this makes hospital industry less attractive. The pressure from the substitutes and the pressure from the negotiating power of consumers and suppliers were low; this makes hospital industry more attractive. 2. Overall intensity of competitive pressure pressure for existing hospital industry that have over 500 beds was rather low, consequently the attractiveness of the industry was evaluated quite high. These findings, however, were not solid enough to endorse the attractiveness of the industry. 3. It was understood that future industry would have bigger pressure/ competition so that the attractiveness for the relevant hospital industry would be decreased. This study has its limitations. As the evaluation of competitive factor was not grounded on quantitative data, its objectivity could be questioned. Also, the overall result of each factors could be distorted as it was calculated with same weight against individual factor. This study has its significance in that the specific hospital group was viewed as one industry, and its attractiveness as a potentially profitable industry in which worth investing was estimated, with all factors considered. With this key result, hospitals industustry could work out a plan to enhance the status of hospitals, allowing hospitals to get assistance in making strategic decisions such as mergers, cooperations, and new establishments.

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An Empirical Investigation on Dynamic Relationships among For-profit Hospital, Healthcare Industry, National Medical Spending (의료산업화에 따른 의료비상승의 변화 메커니즘 : 병원의 영리화 & 의료의 산업화와 의료비의 영향에 대해서)

  • Yoon, In-Mo;Kim, Ki-Chan
    • Korean System Dynamics Review
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    • v.9 no.1
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    • pp.93-105
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    • 2008
  • This study suggests a Causal Loop Diagram(CLD) of Causality Mechanism which are intergrating matter of for-profit hospital, non-for profit hospital, healthcare development, national medical spending. To coordinate each part theory, we suggest more developed medical system in our study. Through the system thinking, development of hospital as research center in industry can lesson the rise of medical spending effectively.

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Economic Effects of Subsidiary Services in Hospitals (병원급 의료기관 의료부대사업의 경제적 파급효과)

  • Lee, Ye Seol;Lee, Sang Gyu;Kwon, Sung Tak;Kim, Tae Hyun
    • Korea Journal of Hospital Management
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    • v.21 no.1
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    • pp.32-42
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    • 2016
  • This study is conducted to estimate economic ripple effects of subsidiary services of hospitals. Using the Input/Output Analysis, this study analyzes production inducement effect, added value inducement effect, and labor inducement effect. Also, it assesses potential economic effects of the subsidiary services of which the scope is expanded as the government's proposed in 2014. Data regarding hospital subsidiary services and economic effects are obtained from the hospitals' financial statements on the National Tax Services and the Bank of Korea. The major results of this study are summarized as follows; subsidiary service profits of hospitals are 466 billion won and rent profits of hospitals are 152 billion won. Of these, the rate of subsidiary service profits in tertiary hospitals is about 66% of total subsidiary service profits. Producement inducement effect of subsidiary services of hospitals is higher than that of total industry, service industry and medical service industry. Added value inducement effect of subsidiary services of hospitals is higher than that of total industry, manufacturing industry, service industry and medical service industry. Job position inducement effect of subsidiary service in hospitals is higher than that of total industry, service industry and medical service industry. Also, employment inducement effect of subsidiary service in hospitals is higher than that of total industry and medical service industry. The results may suggest that subsidiary services revenue in medical institutions contribute to improving operating profits. Facing with intense market competition and pressures to control health care costs, hospitals may need to determine whether subsidiary services help boost their profitability and improve customer satisfaction.

Review of China Medical Industry (중국 의료시장의 이해와 진출 전략)

  • Moon, Yong
    • Korea Journal of Hospital Management
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    • v.12 no.2
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    • pp.112-132
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    • 2007
  • The purpose of this study was to basically review of the China Medical Industry. China affiliate World Trade Organization(WTO) in 2001. In accordance with the provisions of WTO, China have to open the medical industry from 2003. To do this, the contents of this article is China medical industry, investment circumstance of capital, medical market-open plan of outbound-base, and national medical market policy in now and future.

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A Study on the Development of Hospital Management Award Programme in Korea (병원경영대상 시상제도의 설계 연구)

  • Jung, Doo-Chae;Kim, Young-Hoon;Kim, Gi-Chul;Sohn, Tae-Yong
    • Korea Journal of Hospital Management
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    • v.13 no.3
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    • pp.94-113
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    • 2008
  • The purpose of this study to develop the Hospital Management Award(HMA) programme which would be a basic information for advancing hospital industry in Korea. HMA programme in the study are designed with general census building method of researchers and with the data of professions opinion which was survey with structured questionnaire Major results of this study are as follows. First, Hospital Management Award(HMA) programme is perceived very necessary and useful for advancing hospital industry of Korea (positive response rate: 93.0%). Second, Criteria, Classification of hospitals may be the function, size and ownership of hospital. Third Evaluating area of hospital management, examining method and evaluation marking points are designed on the basis of hospital management information system. Forth, this study suggests same strategies for execution of the programme. On the basis of the study results this study suggests that Hospital Management Award(HMA) programme would rather actualized in advance by formal institute and/or association. And some in depth studies are required mainly for development of the action plan of HMA programme.

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Critical Factors Affecting Successful Client Satisfaction Management of Companion Animal Hospital (반려동물병원의 고객만족경영 성공요인에 관한 연구)

  • Baik, Choong-Ki;Shin, Cheol-Ho;Kim, Bo-Young
    • Journal of Veterinary Clinics
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    • v.29 no.1
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    • pp.49-57
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    • 2012
  • Success of any business solely is dependant on how to satisfy clients in healthcare-related industry. In the short history of Korea pet-care industry, there were not many guidelines on client satisfaction management of companion animal hospitals. The studies on many pet healthcare facilities were conducted based on their cost-benefits and the advantages of medical operation within special features of the traditional hospital management system. However the companion animal hospitals recently need to improve the service quality and client closed communication in keen competition on pet healthcare market. This study explores client satisfaction management could be the new issue of the veterinary hospital business. And it finally suggests of the critical factors affecting successful client satisfaction management of companion animal hospital based on the eight case studies.

A Study on Evacuation Safety of a Long-term Care Hospital (요양병원의 피난안전에 관한 연구)

  • Kyong-Jin Park
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.3
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    • pp.389-393
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    • 2023
  • In this study, We analyzed that evacuation characteristics of residents, fire safety standards, evacuation facilities and flame retardation, etc to increase the evacuation safety of a long-term care hospital. Therefore, In order to improve of evacuation safety in case of fire, We proposed that an increase in the number of care workers, education, training and an amendment to the law, a change of positions of fire safety controller.

Development of the Prediction Method for Hospital Bankruptcy using a Hierarchical Generalized Linear Model(HGIM) (HGLM을 적용한 병원 도산 예측방법의 개발)

  • Noh, Maeng-Seok;Chang, Hye-Jung;Lee, Young-Jo
    • Korea Journal of Hospital Management
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    • v.6 no.2
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    • pp.22-36
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    • 2001
  • The hospital bankruptcy rate is increasing, therefore it is very important to predict the bankruptcy using the existing hospital management information. The hospital bankruptcy is often measured in year intervals, called grouped duration data, not by the continuous time elapsed to the bankruptcy. This study introduces a hierarchical generalized linear model(HGLM) for analysis of hospital bankruptcy data. The hazard function for each hospital may be influenced by unobservable latent variables, and these unknown variables are usually termed as random effects or frailties which explain correlations among repeated measures of the same hospital and describe individual heterogeneities of hospitals. Practically, the data of twenty bankrupt and sixty profitable hospitals were collected for five years, and were fitted to HGLM. The results were compared with those of the logit model. While the logit model resulted only in the effects of explanatory variables on the bankruptcy status at specific period, the HGLM showed variables with significant effects over all observed years. It is concluded that the HGLM with a fixed ratio and a period of total asset turnrounds was justified, and could find significant within and between hospital variations.

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An Empirical Analysis on Overhead Cost Drivers in the South Korea Hospitals (병원 간접비에 영향을 미치는 원가동인에 관한 연구)

  • 설동진;이경태;이해종;정종암
    • Health Policy and Management
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    • v.10 no.4
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    • pp.116-143
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    • 2000
  • Considerable attention has been devoted in the accounting literature to identify the factors that cause or drive the costs of overhead activities. This paper extends recent cost driver research to the health care provider. In various case studies, it has been suggested that overhead costs are driven by volume and complexity variables. This paper investigates the significance of these variables in determining hospital overhead costs, how they are structurally related and how the cost impacts of these variables can be estimated in practice. This paper analyzes the determinants of hospital costs using the sample of South Korea hospitals for seven year during the period 1952-1997. The paper focuses on the extent to which hospital overhead costs depend on complexity, efficiency in addition to depending on more conventional volume based measures of hospital activity. The results of regression analysis suggest that volume and complexity factors positively and significantly affect overhead costs in the hospital industry. The results show that the complexity-related cost drivers strongly affected on the overhead costs in tile health care provider industry more than manufacturing industry which is mainly affected by volume-related cost drivers. That means each Industry may have different cost structures. Therefore it Is Important to find their proper cost structures and cost drivers and use them. Futhermore identification of overhead or indirect cost drivers is likely to be particularly useful in heath care. The identification of cost drivers can be of benefit to all health care stakeholders because these facilitates more efficient management of the national resources devoted to health care. While this study has documented that the level of service complexity is a significant determinant of hospital overhead costs, caution should be exercised in interpreting this as supportive of the cost accounting procedures associated with ABC. It is an open question whether even a well-designed ABC system will provide suitable proxies for marginal costs for decision making purposes.

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Chronological Concentration Change of Five Chemical Substances in Manufacturing Industry of Busan Area (부산지역 일부 제조업 산업장의 기중 5가지 화학물질의 경시적 농도 변화)

  • Park, Joon Jae;Sun, Byong Gwan;Son, Byung Chul;Moon, Deog Hwan
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.16 no.1
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    • pp.68-80
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    • 2006
  • This study aimed to prepare the fundamental data and assess the status and trend of exposure level for 5 chemical substances such as sulfuric acid, hydrogen chloride, ammonia, formaldehyde and phenol in manufacturing industry by type of industry, working process, and size of factory, chronological change. Subjects related to this study consist of 146 factories, 12 industries and 17 working processes located in Busan area from Jan. 1997 to Dec. 2001. 1. All 5 kinds of chemical substances by type of industry, working process were generated in chemical manufacturing industry. There were founded in 8 types of industries and 13 types of working processes for ammonia, which is the highest number of in all 5 chemical substances. 2. In terms of the exposure level for 5 chemical substances by type of industry, working process, geometric mean concentration for sulfuric acid was $0.40mg/m^3$ in manufacture of chemicals and chemical products, $0.30mg/m^3$ in compounding process, for hydrogen chloride was 0.57 ppm in manufacture of basic metal, 0.48 ppm in dyeing process, for ammonia was 1.11 ppm in manufacture of rubber and plastic products, 0.94 ppm in buffing process, for formaldehyde was 0.49 ppm in manufacture of wood and of products of wood and cork, except furniture; manufacture of articles straw and plating materials, 0.53 ppm in mixing process, and for phenol were 0.53 ppm in manufacture of chemical and chemical products, 0.55 ppm in compounding process, respectively. Results for 5 chemical substances by type of industry and working process were significantly higher than those of the others(p<0.05). 3. The exposure level for hydrogen chloride, formaldehyde were significantly increased by size of industry (p<0.01). ammonia was significantly decreased by size of industry (p<0.01). 4. In trend of the concentration difference of five chemical substances by chronology, geometric mean concentration for sulfuric acid was significantly increased (p<0.01), hydrogen chloride and ammonia were significantly decreased by year (p<0.05) and for formaldehyde and phenol were decreased in chronological change. According to the above results 5 chemical substances were founded together in a way mixed in the same places one another and concentrations of chemical substances by industry, working process, size of industry and year appeared markedly. The authors recommend more systemic and effective work environmental management should be conducted in workplaces generating five chemical substances.