Research On The Application Of Public Hospital Financial Risk Assessment In Z Hospital

In recent years,with the implementation of new medical reform,the internal and external operating environments of public hospitals have changed.On the one hand,national policy changes have eliminated the addition of drugs,changed the previous model of “taking drugs to support medical care” and reduced the amount of money in the hospital;on the other hand,the threshold for private hospitals to enter the market has decreased,resulting in increased competition in the hospital market.In order to gain advantages in market competition,public hospitals began to increase investment scale,but their own funds are insufficient,and government investment is not in place.As a result,many public hospitals began to borrow from financial institutions.This makes it face enormous financial risks,and public hospitals will increasingly need to strengthen the management of financial risks.Therefore,in order to reduce or prevent financial risks,it is necessary to establish a financial risk evaluation system to analyze and evaluate public hospitals.According to the characteristics,classification and financial risk assessment methods of public hospitals,and mastering the basic principles of evaluation index selection,this paper has selected 18 secondary indicators and divided them into five major categories of primary indicators: solvency indicators,operating capacity indicators,profitability indicators,development ability indicators and cost control capability indicators.Then,the weights of each indicator were determined using the combination weighting method combining the analytic hierarchy process and the entropy method,and the financial risk was evaluated using the efficacy coefficient method.A public hospital financial risk evaluation system was established.Finally,this paper selected the Z public hospital as the research object.First of all,we will introduce the basic financial status of Z hospitals,study and analyze the changes in the hospital’s financial data from 2012 to 2017,to determine the possible financial risks of Z hospitals.Secondly,the internal and external reasons for the formation of financial risk in Z hospital were discussed.Then,According to the constructed financial risk assessment system,this paper analyzed and researched itsfinancial risk degree,and found that the financial risk was in the medium and low risk state in recent years;According to the results of the grading evaluation,the operational capability,profitability and cost control ability of Z hospital are relatively high,which is consistent with the actual financial situation of Z hospital.In order to reduce or avoid financial risks,this paper proposes that hospitals need to establish a early warning mechanism for financial risks,strengthen the management of fixed assets,improve the level of inventory management,strengthen cost management and control capabilities and so on,to improve the level of hospital financial risk management.