The financial health of “swing hospitals” during the first COVID-19 outbreak

Takaku, Reo; Yokoyama, Izumi

doi:10.1016/j.jjie.2022.101218

Cited by 2 publications

(1 citation statement)

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“…Empirical findings revealed by Takaku and Yokoyama (2022) show that as a result of admitting to hospitals COVID-19 patients the monthly profits per bed decreased in 2020 by approximately 15 times compared to the average monthly profit in 2019. Consequently, the researchers recommend that patients with coronavirus be admitted mainly to large hospitals to encourage other hospitals to continue their regular medical care, as has been the case in the United Kingdom and other countries.…”

Section: Literature Reviewmentioning

confidence: 98%

The Impact of the COVID-19 Pandemic on the Financial Performance of Polish Public Hospitals Owned by Local and Regional Governments

Wójtowicz¹,

Wójtowicz²,

Ujazda³

2022

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Theoretical background: The COVID-19 pandemic has put a great strain on healthcare systems and hospitals. Although the effects of COVID-19 have affected almost all aspects of the economies and health systems of most countries around the world, relatively little research has been done on the consequences of the pandemic on the financial performance of hospitals around the world. This literature gap is mainly the result of a short research period and difficulties in obtaining reliable and good quality empirical data. The review of the literature shows that the impact of the COVID-19 pandemic on the financial performance of hospitals is ambiguous. Most of them focused primarily on the first year of the pandemic and were mostly based on fragmentary financial data and sometimes only on the case study method. Purpose of the article: The purpose of this article is to evaluate the impact of the COVID-19 pandemic on the financial performance of the largest public hospitals owned by local and regional governments. The research, covering mainly the years 2019-2021, was carried out based on financial statements obtained from 40 public hospitals in the form of independent public healthcare institutions (SPZOZ). Research methods: To assess the impact of the COVID-19 pandemic on the financial performance of Polish hospitals, a ratio analysis was carried out. Due to the specificity of public health facilities, ratios included in the Ministry of Health Regulation of 12 April 2017 were used, which refer mainly to independent public healthcare facilities. Main findings:The research revealed that the COVID-19 pandemic contributed to the deterioration of the financial performance of Polish public hospitals owned by local and regional governments. However, the impact was not dramatic, but only intensified the financial difficulties experienced by Polish hospitals before.

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Section: Literature Reviewmentioning

confidence: 98%