Edyta Mioduchowska-

Jaroszewicz

University of Szczecin,

Szczecin, Poland,

emioduch@wneiz.pl

PROFITABILITY EVALUATION OF HOSPITAL DEPARTMENTS FORMING A HEALTH CARE ENTITY

Mirela Romanowska,

University of Szczecin,

Szczecin, Poland,

mirelaj@wneiz.pl

Abstract.This aim of the article is to present the results of profitability evaluation of the departments forming the studied healthcare entity from Poland. In the analysis of profitability the authors applied simple tools of financial analysis, i.e. absolute deviation, indicators of growth rate and indicators of structure. Revenues were compared with costs in order to determine the profitability of each department of the studied healthcare entity. Despite the fact that not all the departments in this entity showed profitability, it should be emphasized that

according to the EU Health for Growth Programme 2014-2020 health is a profitable investment in itself. Moreover, the studies so far carried out in 22 EU countries revealed that health is a good investment for the future.

Received: March, 2016

1st Revision: June, 2016

Accepted: September, 2016

DOI: 10.14254/2071- 789X.2016/9-3/19

JEL Classification: G30, H5

Keywords: profitability, health care entity, cost, revenue.