A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals
Financial sustainability has been a significant goal across all sectors recently. It is also imperative to set financial sustainability as an objective to sustain operations in private hospitals that are pivotal within Türkiye’s health system. Literature highlights that the hospitals deliver service...
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| Format: | Article |
| Language: | English |
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Selcuk University Press
2024-04-01
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| Series: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/3790647 |
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| _version_ | 1841561991535132672 |
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| author | Doğancan Çavmak |
| author_facet | Doğancan Çavmak |
| author_sort | Doğancan Çavmak |
| collection | DOAJ |
| description | Financial sustainability has been a significant goal across all sectors recently. It is also imperative to set financial sustainability as an objective to sustain operations in private hospitals that are pivotal within Türkiye’s health system. Literature highlights that the hospitals deliver services amidst significant financial challenges. The purpose of this study is to explore the internal factors related to financial sustainability performance in private hospitals, analyze the relationships between them, and develop recommendations based on the analysis. A quantitative, cross-sectional approach was employed in the research, utilizing a questionnaire to collect data. Seventy participants working in the administrative and financial departments of private hospitals from different cities were included. The data were analyzed by structural equation modeling. The study identified cost management practices, logistic performance, and marketing efforts as variables potentially related to financial sustainability performance. Correlation analysis indicated a significant, positive relationship between the variables and financial sustainability performance. Path analysis revealed that marketing efforts had the most significant impact on financial sustainability performance followed by cost management. Logistic performance had no significant influence within the model. The number of studies on healthcare sector considering financial sustainability and its’ possible determinants is highly limited. This study provides practical implications by examining this phenomenon with its’ potential internal determinants. |
| format | Article |
| id | doaj-art-4b671372cf8e45b08fb446491c0a1042 |
| institution | Kabale University |
| issn | 2564-7458 |
| language | English |
| publishDate | 2024-04-01 |
| publisher | Selcuk University Press |
| record_format | Article |
| series | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| spelling | doaj-art-4b671372cf8e45b08fb446491c0a10422025-01-03T01:16:49ZengSelcuk University PressSelçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi2564-74582024-04-0127132133110.29249/selcuksbmyd.1451872154A Study on The Internal Determinants of Financial Sustainability Performance in Private HospitalsDoğancan Çavmak0TARSUS ÜNİVERSİTESİ, UYGULAMALI BİLİMLER FAKÜLTESİ, SAĞLIK YÖNETİMİ BÖLÜMÜFinancial sustainability has been a significant goal across all sectors recently. It is also imperative to set financial sustainability as an objective to sustain operations in private hospitals that are pivotal within Türkiye’s health system. Literature highlights that the hospitals deliver services amidst significant financial challenges. The purpose of this study is to explore the internal factors related to financial sustainability performance in private hospitals, analyze the relationships between them, and develop recommendations based on the analysis. A quantitative, cross-sectional approach was employed in the research, utilizing a questionnaire to collect data. Seventy participants working in the administrative and financial departments of private hospitals from different cities were included. The data were analyzed by structural equation modeling. The study identified cost management practices, logistic performance, and marketing efforts as variables potentially related to financial sustainability performance. Correlation analysis indicated a significant, positive relationship between the variables and financial sustainability performance. Path analysis revealed that marketing efforts had the most significant impact on financial sustainability performance followed by cost management. Logistic performance had no significant influence within the model. The number of studies on healthcare sector considering financial sustainability and its’ possible determinants is highly limited. This study provides practical implications by examining this phenomenon with its’ potential internal determinants.https://dergipark.org.tr/tr/download/article-file/3790647finansal sürdürülebilirliközel hastanelersağlık hizmetlerifinancial sustainabilityprivate hospitalshealthcare services |
| spellingShingle | Doğancan Çavmak A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi finansal sürdürülebilirlik özel hastaneler sağlık hizmetleri financial sustainability private hospitals healthcare services |
| title | A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals |
| title_full | A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals |
| title_fullStr | A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals |
| title_full_unstemmed | A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals |
| title_short | A Study on The Internal Determinants of Financial Sustainability Performance in Private Hospitals |
| title_sort | study on the internal determinants of financial sustainability performance in private hospitals |
| topic | finansal sürdürülebilirlik özel hastaneler sağlık hizmetleri financial sustainability private hospitals healthcare services |
| url | https://dergipark.org.tr/tr/download/article-file/3790647 |
| work_keys_str_mv | AT dogancancavmak astudyontheinternaldeterminantsoffinancialsustainabilityperformanceinprivatehospitals AT dogancancavmak studyontheinternaldeterminantsoffinancialsustainabilityperformanceinprivatehospitals |