Net income analysis of the Czech faculty hospitals



Year of publication 2019
Type Article in Proceedings
Conference 33rd IBIMA Conference Proceedings
MU Faculty or unit

Faculty of Economics and Administration

Keywords state-funded institution; Czech state-funded institutions; state administration; net income
Description This paper deals with the net income analysis in the area of the state-funded institutions, specifically faculty hospitals founded by the Czech ministries. Its main aim is to describe the total net income and to analyse trends in development of net income data in medium-time period. The paper loosely follows-up our previous research that mapped the situation in financial reporting of the Czech state-funded institutions and its relevance in relation to financial management requirements. In this paper we concentrate on the net income as a complex financial indicator of economic management. We also briefly discuss possible factors that could influence the net income development. As main sources of data the Ministry of Finance of the Czech Republic databases, relating legal regulations and scientific papers were used. Obtained data suggest that the net income values show a significant variation not only within the examined sample of hospitals but also within time periods though all hospitals render similar range of services and operate under the identical legal conditions. This fact of course should be a subject of further analyses of revenues and expenses.

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