Financial analysis of Shahid Madani Hospital in Tabriz in 2017

Abstract

Abstract Introduction: Investigating the financial performance of the organization as one of the main tasks of financial managers is very important as it provides the basis for decision making and rational planning to increase productivity and evaluate the impact of decisions taken on the performance of the organization. Materials and Methods: In order to conduct a financial analysis of national university hospitals, this study uses reports on the final accounts of Shahid Madani hospitals in 1396 Results: After analyzing the data in 8 groups and 23 financial indicators the following results were obtained:Current Ratio (1.89), quick ratio(1.56), current assets turnover ratio(0.85), total asset turnover ratio(0.26) , Fixed assets turnover ratio(0.37), total debt turnover ratio and net worth(1.81), debt ratio (0.16), net worth financing ratio(0.84), total debt to net worth ratio (0.16), capital adequacy ratio(0.83), fixed assets to net worth ratio(0.83), self-reliance ratio (78%), hospital quasi-commercial income growth rate(-16%), net worth growth rate(8.32%), salary cost )26% (of total costs. Conclusion:The results this study showed that the financial performance of the hospital in terms of liquidity, activity, capital structure, was within the national standard range and desirable. Since the hospital has little capital dependency, the management of the hospital seems satisfactory. This hospital was not profitable. To control costs in the fixed assets sector, the hospital should rent such equipment rather than purchase the equipment needed. Hospital managers can increase hospital efficiency and productivity by forming a revenue and cost committee Keywords: Hospital, Hospital Management, Financial Ratios, Financial Statement Analysis