Financial Situation Analysis of Hospital under the Ranong Provincial Public Health Office

Abstract

The purpose of this study was to analyze the financial situation and factors affecting the financial situation of hospital under the Ranong provincial public health office. The financial situation analyzes by the financial risk assessment data of the hospital collected by the Ranong provincial public health office and interviews with key informants about factors affecting the financial situation with an in-depth interview. Data were analyzed by Current Ratio, Quick Ratio, Cash Ratio, Net reserves, Net profit including depreciation, Liquid Index, Status Index, Survive Index, and Risk Scoring with financial situation and the factors that affected the financial situation were analyzed by content analysis. The results showed that most hospitals were not experiencing financial crises as their scores were in the range of 0 to 4 points which means it has a low financial risk index. There is only one hospital that has a financial crisis as it scores 6 points in some periods. As for the factors affecting the financial situation, it was found that there were 2 components: 1) revenue generation for hospital admissions that were limited and inadequate for expenses, and 2) high expenditures due to incomplete planning and preparation for spending plans.