Financial Models in the Nonprofit Sector
Financial Models in the Nonprofit Sector

Author(s): Taťána Hajdíková, Štěpánka Ondoková, Lenka Komárková
Subject(s): Evaluation research, Health and medicine and law, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: hospitals; financial ratios; bankruptcy models; creditworthiness indexes; contributory organizations;
Summary/Abstract: In this paper the corporate bankruptcy and creditworthiness models are applied to the Czech health care sector, particularly, on the inpatient healthcare providers. To test and compare the selected three models we use the data from hospitals, which are different from the management perspective. Concretely, we focus on the hospitals from Vysočina region, whose legal form is a contributory organization and hospitals from Southern Bohemia region, which have the legal form of a joint-stock company. Our research is based on the financial data from the hospital annual reports for the year 2012. From the analysis we get very heterogeneous results when comparing selected regions.

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