Nursing Productivity of Tertiary General Hospitals using Financial Statements
10.11111/jkana.2019.25.1.35
- Author:
Wonjung NOH
1
;
Ji Young LIM
Author Information
1. College of Nursing, Gachon University, Korea.
- Publication Type:Original Article
- Keywords:
Nursing productivity;
Financial statements;
Hospital
- MeSH:
Efficiency;
Financial Statements;
Hospitals, General;
Humans;
Korea;
Nurse Administrators;
Nursing Staff;
Nursing;
Taxes
- From:Journal of Korean Academy of Nursing Administration
2019;25(1):35-41
- CountryRepublic of Korea
- Language:English
-
Abstract:
PURPOSE: This study was performed to analyze financial ratios and nursing productivity and to interpret comparisons of financial standard ratios. METHODS: The financial statements of 21 tertiary general hospitals were collected from the webpage of the National Tax Service in Korea. General characteristics of the hospitals were acquired from their webpages. RESULTS: The results obtained were compared with the financial standard ratios of Korean hospitals. The majority of hospitals showed poor liquidity, performance, turnover, and growth. Nursing productivity was measured by calculating annual value added per nurse (￦ 39,746,938) and annual gross revenues per nurses (￦ 65,803,550). CONCLUSION: Interestingly, although the financial ratios were generally poor, nursing productivities were very good. Nurse managers can suggest increasing nursing staff levels based on high nursing productivity despite poor financial conditions.
