Research On Financial Risk Control Of PPP Project In N City Hospital Of Traditional Chinese Medicine

With the rapid development of Chinese economy and the emergence of the black swan event of coronavirus pandemic in the past two years,the concern of ordinary people for physical health and demand for medical services are increasing day by day.Hospitals,especially public hospitals,undertake the vast majority of medical services,but their own development speed is difficult to meet the needs of the country and the public.In this context,the PPP model has been vigorously promoted,and it has also begun to be applied to the development of the medical industry.PPP mode,as a link connecting social capital and government departments,promotes the development of industries and alleviates local debt problems,but also has a variety of risks.Financial risk is one of the many risk factors,which is also a relatively important risk factor.The outbreak of financial risk will affect the implementation of PPP projects,and in serious cases,it will directly lead to the failure of the project,causing losses to the interests of government departments and social capital parties.Therefore,in the process of carrying out PPP projects in the medical and health industry,how to effectively control the financial risks of the projects is the key to the smooth implementation of the projects.Based on the above problems,this paper mainly uses case analysis method,questionnaire survey method and expert interview method to study the PPP project of N City Traditional Chinese Medicine Hospital,a municipal public hospital in an eastern province.First of all,this paper summarizes the research status of PPP model and risk management at home and abroad,based on the theory of public management,principal-agent theory,risk management theory and financial risk management theory as the theoretical basis,and then combines the related policies of PPP model in our country to lay the foundation for the research in the future.Secondly,through the study of the industry status,project overview and financial risk causes of medical PPP projects,this paper constructs a risk management system for PPP projects of traditional Chinese medicine hospital relocation and expansion in N city from three dimensions of risk identification,risk evaluation and risk control.The financial risk of this kind of project is analyzed and evaluated in detail from four aspects: financing risk,investment risk,cost overrun risk and income distribution risk.Finally,according to the above four aspects of the financial risk put forward the corresponding risk control countermeasures and optimization suggestions.Through the above research,this paper draws the main conclusions:(1)The causes of financial risk of the project mainly include internal and external aspects.The internal reason is the main factor that causes financial risk.(2)The financial risk of the project is mainly reflected in the four aspects of financing,investment,cost overrun and income distribution,including 12 specific financial risk factors.(3)Among all kinds of financial risks,financing risk is the main financial risk of the project,which is mainly reflected in the unreasonable financing structure and single financing means,etc.,which needs to be paid great attention to by all participants.(4)According to the specific analysis of the case,put forward corresponding financial risk control countermeasures from four aspects combined with the actual situation,and provide reference suggestions for the financial risk control of PPP projects in the medical industry.