| [Purpose] This thesis started with the related concepts and characteristics of financial risk, analysis the current financial situation of selected public hospitals, and then selected some financial index to constitute financial risk evaluating index system. Depending on the financial risk evaluating index system, this thesis analyzes and evaluates the financial risk of 37 sample public hospitals in the year 2014, and analyzes the critical factors and formation reasons of financial risk in public hospitals. Finally, this thesis provided some control strategies which can be referenced from 3 aspects: before the financial risk, in the financial risk, and after the financial risk.[Methods](1)Method of consulting literature materials: By using electronic literature database, to find the literature about financial risk, financial risk evaluation, financial risk or crisis. To understand the related theory and practice, to deeply understand the concept, reason of financial risk, how to select financial risk evaluation index, the related method of financial risk evaluation, and the way to prevent and control financial risk.(2)Empirical research: By design agency questionnaire, to select related data of 37 public hospitals in Hubei province, including: the scale of public hospitals, operation condition, and the data from financial statement.(3)Descriptive statistical analysis methods: In order to understand the current financial situation, this thesis uses descriptive statistical methods to analysis and compare the situation of income and outcome, assets and liabilities, assets operation, cost control of sample public hospitals.(4)Correlation analysis: Use correlation analysis method to reveal the relevance among the financial risk evaluation ratio index. The purpose is to avoid unscientific and unreasonable of the financial risk evaluation result which cause by the relevance of the financial risk index.(5)Entropy weight method: Use entropy weight method to calculate the weight of the financial risk index. For one part, use entropy weight method to calculate the weight of the financial risk evaluation index on the same dimension, and get rid of the index which hassmaller weight, and to make the financial risk evaluation index become more scientific and reasonable. For another, use entropy weight method to calculate the weight of the financial risk index which has been selected, and this will make a pavement for grey correlation analysis.(6)Grey correlation analysis: Use grey correlation analysis to find the best correlation between the financial situation of the hospitals and the best situation. The purpose is to analyze the scale of financial risk.(7)Rank sum test: According to the result of grey correlation analysis, we select the hospitals which rank in front of 25% and the hospitals which lay on the last 25%. And rank sum test is used to analyze the index which have significant different between these two group of hospitals.[Results]This thesis reference research achievement that have been existed, combined with the characteristic of public hospital, and select financial risk evaluation index. The purpose is to evaluate the situation of financial risk. And the results are as follows:(1)For the part of building financial risk evaluation index system, this thesis choose financial risk evaluation index system from 5 dimensions: debt paying ability, operation ability, profitability, development ability and cost control. Finally, the system include 11 index, they are: quick ratio, asset-liability ratio, turnover of total capital,turnover of account receivable, inventory turnover ratio, rate of business income and expenses balances, medical income one hundred yuan in fixed assets, degree of self-sufficiency on funds, growth rate of operating income, net capital increasing ratio, and overhead expenses rate.(2)From the result of financial evaluation, we can find that, among the 37 public hospitals, these hospitals faced higher financial risk. Ranked from a small to a large force,these hospitals were: H28, H23, H27, H12, H24, H14, H26, H19, and H16. There were also some hospitals faced less financial risk, ranked from a small to a large force, these hospitals were: H4, H35, H8, H9, H37, H5, H33, H13, H6.(3)For the part of financial risk index, the hospitals with lower financial risk and tth hospitals with higher financial risk had significant differences in 7 index, they were:asset-liability ratio, turnover of total capital, turnover of account receivable, rate of businessincome and expenses balances, medical income one hundred yuan in fixed assets, degree of self-sufficiency on funds, and overhead expenses rate. For the part of other index, there were no significant differences in the actual open data, number of out-hospital patients and emergency cases, in-patient number and the scale of hospitals.[Conclusion](1)The hospital which faced less financial risk have 4 characteristics: firstly, the level of assets management is better, and the utilization efficiency is higher, the liquidity of assets is stronger. Secondly, these hospitals has lower liabilities, the long-term liquidity is better.Thirdly, these hospitals pay more attention on cost management and control. Finally, the cost and income is balanced, and have a little surplus.(2)The scale of hospitals, portfolio and the level of hospitals have no direct correlation with financial risk of public hospitals.(3)In order to control financial risk of public hospitals, we have to pay attention to three aspects: pre-prevention and control, in-process prevention and control, post-action prevention and control. In the pre-prevention and control, we have to correctly understand the financial risk, establish and sound the internal management and control system and pay attention to the change macro-environment. In the in-process prevention, the manager need to strengthen internal supervision and restriction mechanism. In the post-action prevention and control, the manager need to assess and evaluate financial risk reasonably and establish planning of financial risk management. |
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