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3. An Assessment of the Financial Performance of Hospital Services Sub-Sector in Turkey by Ratio Analysis Method

  • 2023
  • OriginalPaper
  • Chapter
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Abstract

The chapter explores the financial performance of the hospital services sub-sector in Turkey by analyzing the balance sheets and income statements of hospitals between 2015 and 2020. It discusses the impact of demographic changes, technological advancements, and the COVID-19 pandemic on the financial structure and performance of hospitals. The study uses ratio analysis to evaluate liquidity, financial structure, activity, and profitability ratios, providing insights into the sector's financial health and highlighting areas for improvement. The analysis reveals trends in current assets, short-term debts, fixed assets, and profitability, offering a detailed assessment of the sector's financial performance and risks. The chapter concludes by suggesting strategies for hospitals to improve their financial performance, including restructuring short-term debts, strengthening equity capital, and implementing tighter receivables collection policies.

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Title
An Assessment of the Financial Performance of Hospital Services Sub-Sector in Turkey by Ratio Analysis Method
Author
Mustafa Çanakçıoğlu
Copyright Year
2023
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-99-1818-8_3
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