KMID : 0362720230610040262
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The Journal of the Korean Dental Association 2023 Volume.61 No. 4 p.262 ~ p.275
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A Comparative Analysis of Business Performance between Dental University Hospitals and Medical University Hospitals
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Lee Ji-Hoon
Choi Won-Jong Kim Seong-Sik
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Abstract
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Purposes: This study aims to compare financial performances and factors affecting profitability between dental university hospitals and medical university hospitals and suggest ways of improving dental university hospitals¡¯ business performance.
Methodology: Data from 2016 to 2019 was collected from financial statements, public open data in 8 dental university hospitals and 8 medical university hospitals. For the study, independent sample t-test for comparing mean difference and multiple regression for identifying factors affecting profitability were applied.
Findings: There were significant mean differences between dental and medical university hospitals in current ratio, liability, long-term borrowings to total assets, employment cost rate, material cost rate, management expense rate, non-operating revenue rate, patient revenue per a specialist and an employee, outpatient revenue rate, patient revenue per a patient, patient revenue per a inpatient. Profitability of both hospitals were affected by employment cost rate, material cost rate, management expense rate.
Practical Implication: To improve dental university hospitals¡¯ business performance with research results, firstly, it needs to actively invest medical business with proper amount of current assets and borrowings. Secondly, it is necessary to extend non-operating business such as rental revenue, research grants, contribution income. Thirdly, it is required to analysis and manage their cost to build sustainable business environment.
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KEYWORD
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business performance, dental university hospital, medical university hospital, profitability, financial performance
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