ASSESSMENT OF FINANCIAL PERFORMANCE IN HOSPITALS: A PRACTICE IN THE HOSPITALS SECTOR FINANCIAL STATEMENT OF REPUBLIC OF TURKEY'S CENTRAL BANK

For the actualization of healthcare services, providing financial resources and the necessity of effective management of these resources has come to the forefront in hospital activities. Moving from here, the main purpose of the research, with the help of the sectoral balance sheets published by the Republic of Turkey's Central Bank, is to examine financial statements of the hospital activities sub-sector for the 2013-2015 period by using the ratio analysis method of financial analysis techniques. In this context, at the outset, asset and resource structure of the sector is examined and then the liquidity, financial structure, asset utilization and profitability ratios of the sector have been calculated by the researcher himself. As a result of the analysis, sector’s asset structure was determined to be predominantly fixed asset and long-term debt financing preferred. In terms of the sector’s liquidity ratios, the liquidity situation was found to be moderate except for the current ratio. Moreover, the financial structure of the sector has highly found in debt and equity position is weak. When it comes to the asset utilization ratios, inventories could not efficiently have been used and there is a delay in the collection of receivables in the sector. Analyzing the profitability ratios of the sector in the process of analysis profitability performance was found to be weak. However, sales costs have been high. Having the working capital at the appropriate level, composition of assets, and debts used in financing should be kept in balance are generally recommended