Analysis Of Financial Performance Before And After The Financial Management Patterns Of The Public Service Agency At The 2017 Hajj General Hospital In Medan

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Analysis of Financial Performance Before and After the Financial Management Patterns of the Public Service Agency at the 2017 Hajj General Hospital in Medan

Introduction

The Public Service Agency (BLU) is a vital institution within the government that provides essential services to the community. One such example is the Medan Hajj General Hospital (RSU), which operates in North Sumatra Province and applies the financial management patterns of the Regional Public Service Agency (PPK-BLUD) with full BLUD status. The primary objective of this study is to evaluate the differences in the financial performance of Medan Hajj RSU before and after the application of BLU financial management patterns, using financial ratios as a measurement tool.

Background

The Medan Hajj General Hospital is a public hospital that provides health services to the community. As a public institution, it is essential to ensure that the hospital operates efficiently and effectively, providing quality services to the community. The application of PPK-BLUD financial management patterns is expected to improve the financial performance of the hospital, leading to increased productivity and efficiency.

Methodology

This study employed a descriptive analysis with a quantitative and qualitative approach, known as mixed methods. The research method used was systematic sampling, and data collection techniques were carried out through documentation methods and in-depth interviews. The data collected were then analyzed using quantitative descriptive analysis for primary data and manual calculations for secondary data, which were analyzed descriptively qualitatively.

Results

The results of the analysis show that the financial performance of Medan Hajj Hospital, seen from various financial ratios such as cash ratios, receivable collection periods, fixed asset turnover, equity rewards, and PNBP revenue ratios to operational costs, are in the good category. The analysis indicates that the financial performance of the hospital tends to increase and better after implementing PPK-BLU.

Discussion

The financial performance of Medan Hajj Hospital is a critical indicator of the hospital's ability to provide quality services to the community. The results of this study show that the application of PPK-BLU financial management patterns has a positive impact on the hospital's financial performance. The good cash ratio indicates that the hospital can fulfill its short-term obligations, while the shorter billing period for receivables reflects the hospital's ability to access funds quickly for operations.

The increased rotation of fixed assets also reflects efficiency in the use of resources, which in turn supports the improvement of health services. Furthermore, the rewards for good equity indicate that investment in this hospital gives satisfactory results for stakeholders. The PNBP revenue ratio to healthy operational costs is an indicator that this hospital can not only cover its operational costs but also has a surplus that can be invested again for the development of facilities and services.

Conclusion

The results of this study are significant, as they indicate that the application of PPK-BLU financial management patterns has a positive impact on the financial performance of Medan Hajj Hospital. The study recommends that Medan Hajj Hospital continues to improve its financial performance so that the targets set can be achieved optimally, in accordance with the PPK-BLU work system.

Recommendations

Based on the findings of this study, the following recommendations are made:

  1. Continuation of PPK-BLU Implementation: Medan Hajj Hospital should continue to implement the PPK-BLU financial management patterns to ensure that the good performance is maintained and improved.
  2. Improvement of Financial Performance: The hospital should continue to improve its financial performance by increasing its revenue and reducing its operational costs.
  3. Development of Facilities and Services: The hospital should invest its surplus in the development of facilities and services to improve the quality of health services provided to the community.

Limitations

This study has several limitations, including:

  1. Limited Data Collection: The study was limited to the collection of data from Medan Hajj Hospital, which may not be representative of other hospitals in the region.
  2. Limited Time Frame: The study was conducted over a limited time frame, which may not capture the long-term effects of the PPK-BLU implementation.
  3. Limited Scope: The study focused on the financial performance of Medan Hajj Hospital, which may not capture other important aspects of hospital management.

Future Research Directions

Future research should focus on the following areas:

  1. Long-term Effects of PPK-BLU Implementation: Future research should investigate the long-term effects of PPK-BLU implementation on hospital financial performance.
  2. Comparison with Other Hospitals: Future research should compare the financial performance of Medan Hajj Hospital with other hospitals in the region to identify best practices.
  3. Development of a Comprehensive Hospital Management System: Future research should focus on the development of a comprehensive hospital management system that incorporates PPK-BLU financial management patterns.

Conclusion

In conclusion, this study provides valuable insights into the financial performance of Medan Hajj Hospital before and after the implementation of PPK-BLU financial management patterns. The results of the study show that the application of PPK-BLU has a positive impact on the hospital's financial performance. The study recommends that Medan Hajj Hospital continues to improve its financial performance and invests its surplus in the development of facilities and services.
Q&A: Analysis of Financial Performance Before and After the Financial Management Patterns of the Public Service Agency at the 2017 Hajj General Hospital in Medan

Frequently Asked Questions

Q1: What is the Public Service Agency (BLU) and how does it relate to the Medan Hajj General Hospital?

A1: The Public Service Agency (BLU) is a government institution that provides essential services to the community. The Medan Hajj General Hospital is a public hospital that operates in North Sumatra Province and applies the financial management patterns of the Regional Public Service Agency (PPK-BLUD) with full BLUD status.

Q2: What is the purpose of this study?

A2: The primary objective of this study is to evaluate the differences in the financial performance of Medan Hajj RSU before and after the application of BLU financial management patterns, using financial ratios as a measurement tool.

Q3: What are the key findings of this study?

A3: The results of the analysis show that the financial performance of Medan Hajj Hospital, seen from various financial ratios such as cash ratios, receivable collection periods, fixed asset turnover, equity rewards, and PNBP revenue ratios to operational costs, are in the good category. The analysis indicates that the financial performance of the hospital tends to increase and better after implementing PPK-BLU.

Q4: What are the implications of this study?

A4: The study recommends that Medan Hajj Hospital continues to improve its financial performance so that the targets set can be achieved optimally, in accordance with the PPK-BLU work system. The study also suggests that the hospital should invest its surplus in the development of facilities and services to improve the quality of health services provided to the community.

Q5: What are the limitations of this study?

A5: This study has several limitations, including:

  1. Limited Data Collection: The study was limited to the collection of data from Medan Hajj Hospital, which may not be representative of other hospitals in the region.
  2. Limited Time Frame: The study was conducted over a limited time frame, which may not capture the long-term effects of the PPK-BLU implementation.
  3. Limited Scope: The study focused on the financial performance of Medan Hajj Hospital, which may not capture other important aspects of hospital management.

Q6: What are the future research directions?

A6: Future research should focus on the following areas:

  1. Long-term Effects of PPK-BLU Implementation: Future research should investigate the long-term effects of PPK-BLU implementation on hospital financial performance.
  2. Comparison with Other Hospitals: Future research should compare the financial performance of Medan Hajj Hospital with other hospitals in the region to identify best practices.
  3. Development of a Comprehensive Hospital Management System: Future research should focus on the development of a comprehensive hospital management system that incorporates PPK-BLU financial management patterns.

Q7: What are the practical implications of this study?

A7: The study provides practical implications for hospital management, including:

  1. Implementation of PPK-BLU: Hospitals should implement PPK-BLU financial management patterns to improve their financial performance.
  2. Investment in Facilities and Services: Hospitals should invest their surplus in the development of facilities and services to improve the quality of health services provided to the community.
  3. Continuous Improvement: Hospitals should continuously improve their financial performance and invest in the development of facilities and services to remain competitive.

Q8: What are the theoretical implications of this study?

A8: The study provides theoretical implications for hospital management, including:

  1. Financial Management: The study highlights the importance of financial management in hospital operations and the need for hospitals to implement effective financial management systems.
  2. Performance Measurement: The study emphasizes the importance of performance measurement in hospital management and the need for hospitals to use financial ratios as a measurement tool.
  3. Continuous Improvement: The study suggests that hospitals should continuously improve their financial performance and invest in the development of facilities and services to remain competitive.

Conclusion

In conclusion, this Q&A article provides valuable insights into the analysis of financial performance before and after the financial management patterns of the Public Service Agency at the 2017 Hajj General Hospital in Medan. The study highlights the importance of financial management in hospital operations and the need for hospitals to implement effective financial management systems. The study also emphasizes the importance of performance measurement in hospital management and the need for hospitals to use financial ratios as a measurement tool.