The Impact of the COVID-19 Pandemic on the Financial and Performance Indicators of Hospitals: A Case Study in Tehran, Iran

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Sajjadi Khasraghi Javad; SALESI MAHMOUD; MESKARPOUR AMIRI MOHAMMAD; MOHAMMADIAN MOHAMMAD; Khoshmanzar Javad; Abdi Manaf

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Journal: HEALTH INSURANCE Year:2022 | Volume:5 | Issue:3 Page(s): 238-246

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Information Journal Paper

Title

The Impact of the COVID-19 Pandemic on the Financial and Performance Indicators of Hospitals: A Case Study in Tehran, Iran

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Keywords

COVID-19

Hospitals

Performance Indicators

Financial Indicators

Abstract

Introduction: The COVID-19 crisis caused many changes in the performance and productivity of health service providers. The purpose of this study was to investigate the effects of the COVID-19 pandemic on the financial and Performance Indicators of one of the Hospitals in Tehran. Methods: This study was a historical cohort study that was conducted in the first 6 months of 2019 as the prepandemic period and the first 6 months of 2020 as the post-pandemic period. 13 Performance Indicators of inpatient departments,9 operational indicators of the whole hospital and 3 Financial Indicators were included in the study. The data were received in Excel format from the statistics unit and quality improvement unit of the hospital and after entering into SPSS software and checking their normality, they were analyzed with Wilcoxon’, s non-parametric test. Results: the average indices of bed circulation (P=0. 028), discharged patients (P=0. 028) and the number of hospitalized patients (P=0. 046) decreased during the pandemic period, which was found to be significant. The average index of death before 24 hours (P=0. 027) and after 24 hours (P=0. 028) and ED discharge (P=0. 028) also increased significantly. The average profit of the hospital at the current price and the actual price had increased significantly (P=0. 028). The total current income increased but the actual income decreased, which were not significant. The total current and real cost was also reduced, only the real cost reduction was significant (P=0. 028). Conclusion: The COVID-19 pandemic had a significant impact on the financial and Performance Indicators of the hospital. After analyzing the hospital’, s situation, it is necessary for hospital managers to have an appropriate model for developing services and sustaining resources during a crisis, while compiling and designing a plan to deal with similar crises.

Cites

Evaluating the Performance of Inpatient Wards in Hospitals Affiliated with Birjand University of Medical Sciences Using the Pabon-Lasso Model in the Years before and during the COVID-19 Pandemic

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APA: Copy

Sajjadi Khasraghi, Javad, SALESI, MAHMOUD, MESKARPOUR AMIRI, MOHAMMAD, MOHAMMADIAN, MOHAMMAD, Khoshmanzar, Javad, & Abdi, Manaf. (2022). The Impact of the COVID-19 Pandemic on the Financial and Performance Indicators of Hospitals: A Case Study in Tehran, Iran. HEALTH INSURANCE, 5(3 ), 238-246. SID. https://sid.ir/paper/1112985/en

Vancouver: Copy

Sajjadi Khasraghi Javad, SALESI MAHMOUD, MESKARPOUR AMIRI MOHAMMAD, MOHAMMADIAN MOHAMMAD, Khoshmanzar Javad, Abdi Manaf. The Impact of the COVID-19 Pandemic on the Financial and Performance Indicators of Hospitals: A Case Study in Tehran, Iran. HEALTH INSURANCE[Internet]. 2022;5(3 ):238-246. Available from: https://sid.ir/paper/1112985/en

IEEE: Copy

Javad Sajjadi Khasraghi, MAHMOUD SALESI, MOHAMMAD MESKARPOUR AMIRI, MOHAMMAD MOHAMMADIAN, Javad Khoshmanzar, and Manaf Abdi, “The Impact of the COVID-19 Pandemic on the Financial and Performance Indicators of Hospitals: A Case Study in Tehran, Iran,” HEALTH INSURANCE, vol. 5, no. 3 , pp. 238–246, 2022, [Online]. Available: https://sid.ir/paper/1112985/en

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