engleski

Financial Performance of Croatian Public Hospitals

With this paper, the authors are analysing financial performance of Croatian public hospitals through secondary research and financial data obtained from Croatian Health Insurance Fund. The purpose of this paper is to express financial performance of hospitals for 2014 and 2015, based on additional data collected by the Croatian Health Insurance Fund. With this analysis, we would like to highlight the financial ratios but also some other important ratios that will provide us with a clearer picture regarding financial performance of Croatian public hospitals due to the Rehabilitation Law of public institutions enforced from January 2013. Therefore, based on that change the authors will be able to conclude whether the hospitals were more effective in the years after the introduction of the Rehabilitation Law. Public hospital managers are responsible for ensuring the provision of high quality health care services to patients, with the lowest costs for taxpayers (Value for money). At the national level, it is important to make a suitable and optimal allocation of limited financial and physical resources taking care of continuous improvement of health care patients. Financial indicators provides managers and different stakeholders (e.g. the Ministry of Health and Croatian Health Insurance Fund) with hospital quality information necessary for the successful and balanced management of hospitals, and the efficient allocation of budgetary resources. From the conducted research, the authors have concluded that financial performance of Croatian public hospitals is improved in 2015.

public hospitals ; financial performance ; financial indicators ; ratios ; Republic of Croatia ; statistical analysis

This work has been supported by Croatian Science Foundation's funding of the project 8509 Accounting and financial reporting reform as a means for strengthening the development of efficient public sector financial management in Croatia. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of Croatian Science Foundation.