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Impact of new healthcare legislation and price policy on healthcare services provider at the time of financial crisis. A 10 years study

Farmeconomia

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Title Impact of new healthcare legislation and price policy on healthcare services provider at the time of financial crisis. A 10 years study
 
Creator Malovecka, Ivona
Papargyris, Konstantinos
Minarikova, Daniela
Foltan, Viliam
Jankovska, Anezka
 
Subject Health economics, Health policy,
Community pharmacy; Financial analysis; Corrective measures
 
Description Monitoring, calculation and assessment of healthcare services prosperity in the community pharmacy with the help of financial analysis indicators for the years 2003-2012, using financial statements was conducted, with respect to profitability, debt, liquidity, working capital, and efficiency parameters. These ratios reflect various changes that hold between years 2003 and 2012. Under the time of financial crisis, recession and serious socio-economic changes the profitability parameter Gross Profit ranged from 2003-2011 = 16.12-22.79% (average = 19.20%; mean = 19.78%; σ = 2.41), but in 2012 decreased on 14.35%. Net Profit ranged 2003-2011 = 10.96-18.3% (average = 14.62%; mean = 16.62%; σ = 4.92), while in 2012 reached only 2.29%. Debt ratio ranged from 2003-2012= 2.33-4.81 (average = 3.44; mean = 3.07; σ = 0.82). Liquidity parameters Current Ratio spread between 2003-2012 = 1.13-1.71 (average = 1.43; mean = 1.46; σ = 0.15) and Quick Ratio spread between 2003-2012 = 0.72-1.27 (average = 1.07; mean = 1.09; σ = 0.15). Working Capital Ratio ranged from 2003-2012 = 2.66-12.94 (average = 9.58; mean = 10.06; σ = 3.1) and efficiency ratios were measured either. All changes that have taken place in the society had an impact on community pharmacy finance by worsening its profitability, liquidity, working capital and some of efficiency parameters. Therefore the stability of community pharmacy may be threatened and may affect its future performance.
 
Publisher SEEd Medical Publishers
 
Contributor None
 
Date 2015-03-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format text/html
application/pdf
 
Identifier https://journals.edizioniseed.it/index.php/FE/article/view/1040
10.7175/fe.v16i1.1040
 
Source Farmeconomia. Health economics and therapeutic pathways; Vol 16, No 1 (2015); 15-24
2240-256X
 
Language eng
 
Relation https://journals.edizioniseed.it/index.php/FE/article/view/1040/1379
https://journals.edizioniseed.it/index.php/FE/article/view/1040/1380
https://journals.edizioniseed.it/index.php/FE/article/downloadSuppFile/1040/95
 
Coverage World coverage
10 years evaluation
Costs and revenues from financial statements
 
Rights Copyright (c) 2015 Farmeconomia. Health economics and therapeutic pathways
http://creativecommons.org/licenses/by-nc/4.0