2013 utoomporn development of financial performance benchmark of moph’s hospitals in thailand
1. Utoomporn Wongsin
Thaworn Sakunphanit
Dichapong Pongprattrachai
HealthInsuranceSystemResearchOffice
สำนักงำนวิจัยเพื่อกำรพัฒนำหลักประกันสุขภำพไทย
Development of Financial Performance
Benchmark Of MOPH’s hospitals in Thailand
3. Background
-Financial statement has been reported to Health
Insurance Group, Ministry of Public health
-Lack off benchmarking
-Continuous monitoring and evaluation of hospital
financing performance is necessary for hospital
managers and System governance agency, Ministry
of Public Health
HealthInsuranceSystemResearchOffice
สำนักงำนวิจัยเพื่อกำรพัฒนำหลักประกันสุขภำพไทย เครือสถำบันวิจัยระบบสำธำรณสุข
4. Objective
To establish a set of financial benchmark for
stakeholders (government agencies, providers and
purchasers) to using for hospital financial
management
HealthInsuranceSystemResearchOffice
สำนักงำนวิจัยเพื่อกำรพัฒนำหลักประกันสุขภำพไทย เครือสถำบันวิจัยระบบสำธำรณสุข
6. Financial ratio (performance)
HealthInsuranceSystemResearchOffice
สำนักงำนวิจัยเพื่อกำรพัฒนำหลักประกันสุขภำพไทย เครือสถำบันวิจัยระบบสำธำรณสุข
Ratio Equation
1. EBITDA Earnings before Interest ,TAX, Depreciation And
Amortization
2. Cash Ratio Cash and Cash Equivalents / Current Liabilities
3. Average collection period 365 /Account Receivable Turnover
4. Average payment Period (Average accounts payable / Purchases) x 365
5. Service Cost Service cost/Total expenses
7. ResultHealthInsuranceSystemResearchOffice
Source : Health Insurance Group, MOPH
MOPH’s hospital type
สำนักงำนวิจัยเพื่อกำรพัฒนำหลักประกันสุขภำพไทย เครือสถำบันวิจัยระบบสำธำรณสุข
District Hospital (DH) 10 - 90+ 722
General Hospital (GH) >300 - 400+ 69
Region Hospital (RH) >600 - 800+ 25
Total 816
Type HospitalBed Size #
9. Financial ratio (performance) by hospital type0
1,0002,0003,0004,0005,000
DH GH RH
excludes outside values
-2
0246
value
DH GH RH
excludes outside values
05
1015
averagecollectionperiod
DH GH RH
excludes outside values
0
200400600800
value
1 2 3
excludes outside values
.75
.8
.85
.9
.95
value
1 2 3
excludes outside values
EBITDA CASH RATIO Avg. collection
period
Avg. payment
period Service Cost
10. ConclusionHealthInsuranceSystemResearchOffice
สำนักงำนวิจัยเพื่อกำรพัฒนำหลักประกันสุขภำพไทย
Financial performance benchmarking can give
stakeholder a better sense of the components of financial
system and this can help hospital managers to identify
problems on time and manage them accordingly.
The system will enable the managers to compare their
performance with other hospitals of the same level.
However, benchmarking financial development needs
more reliable information to support and effectively plan
for financial management.