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EVALUATING EFFICIENCY IN SPECIALIZED HOSPITAL FACILITIES – DEVELOPING THE MODEL BY WAY OF THE DISCRIMINANT ANALYSIS

Business Administration and Management

EVALUATING EFFICIENCY IN SPECIALIZED HOSPITAL FACILITIES – DEVELOPING THE MODEL BY WAY OF THE DISCRIMINANT ANALYSIS

Name and surname of author:

Stanislav Szabo, Bohuslava Mihalčová, Peter Gallo, Marianna Ivaničková

Year:
2018
Volume:
21
Issue:
3
Keywords:
Financial indicators, efficiency, model, hospital facilities
JEL clasification:
I15 - Health and Economic Development, P46 - Other Economic Systems: Consumer Economics - Health - Education and Training - Welfare, Income, Wealth, and Poverty, P47 - Other Economic Systems: Performance and Prospects
DOI (& full text):
https://dx.doi.org/10.15240/tul/001/2018-3-006
Anotation:
Currently, companies use for the diagnostic their performance different methods, parameters and indicators when the high current measurement and evaluation of effectiveness. Choosing the right key performance measures is to ensure the evaluation of the effectiveness with high recall and the possibility of subsequent influence and control very important. The main object of contribution is evaluating efficiency in hospital facilities specialized for patients suffering from cardio-vascular diseases, ailments that affect the largest group of people in living in Slovakia. This followed the discovery that the number of newborns in Slovakia suffering from congenital heart diseases has increased over the recent years, and in the period between 2002 and 2012 annually 451 children at an average are born with this congenital disorder. Another factor that prompted our research was that the diseases of the circulatory system are rated among the most frequent cause of hospitalization and mortality in Slovakia, as confirmed by the International Classification of Diseases or the ICD (the international equivalent of the Slovak MKCH-10). Accordingly, people suffering from cardiovascular diseases belong to the most-frequently hospitalized patients. The third finding we have arrived at is the high level of consumption of prescription medicines by the Anatomical Therapeutic Chemical (ATC) Classification, again dominated by cardio-vascular diseases. The paper describes both the cardio-vascular diseases and the hospital facilities specialized in their treatment, assessing their efficiency in evaluating the major factors affecting them. The evaluation is carried out based on financial ratios and application of prediction models. The ouptut of this contribution consists in the evaluation of the efficiency of specialized hospital facilities (further only SHF) applying the DEA method and the evaluation of efficiency of the SHFs using financial ratios.
Currently, companies use for the diagnostic their performance different methods, parameters and indicators when the high current measurement and evaluation of effectiveness. Choosing the right key performance measures is to ensure the evaluation of the effectiveness with high recall and the possibility of subsequent influence and control very important. The main object of contribution is evaluating efficiency in hospital facilities specialized for patients suffering from cardio-vascular diseases, ailments that affect the largest group of people in living in Slovakia. This followed the discovery that the number of newborns in Slovakia suffering from congenital heart diseases has increased over the recent years, and in the period between 2002 and 2012 annually 451 children at an average are born with this congenital disorder. Another factor that prompted our research was that the diseases of the circulatory system are rated among the most frequent cause of hospitalization and mortality in Slovakia, as confirmed by the International Classification of Diseases or the ICD (the international equivalent of the Slovak MKCH-10). Accordingly, people suffering from cardiovascular diseases belong to the most-frequently hospitalized patients. The third finding we have arrived at is the high level of consumption of prescription medicines by the Anatomical Therapeutic Chemical (ATC) Classification, again dominated by cardio-vascular diseases. The paper describes both the cardio-vascular diseases and the hospital facilities specialized in their treatment, assessing their efficiency in evaluating the major factors affecting them. The evaluation is carried out based on financial ratios and application of prediction models. The ouptut of this contribution consists in the evaluation of the efficiency of specialized hospital facilities (further only SHF) applying the DEA method and the evaluation of efficiency of the SHFs using financial ratios.
Section:
Business Administration and Management
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