Abstract
The objectives of this study are to identify, evaluate and prioritize risks of Ban Paew hospital and to evaluate financial risks and their impacts to the hospital in the future. We used both qualitative and quantitative techniques to help identifying the risks of the Ban Paew hospital. We classified hospital’s risks into 4 categories: strategic, operational, financial and external factors. Each risk was evaluated and prioritized by staff members of the Ban Paew hospital. This study employed the usage of financial ratio analysis to evaluate the future financial risks. The statistics used in this study were descriptive statistics. We found that the important risks are the ability to expand new branches of Ban Paew hospital, insufficient marketing plans, insufficient welfare providing to its staff members, unclear strategic goal on medical revenue management, unbalanced growth of incomes and expenses, the revenue without donation was not adequate to compensate for the depreciation of the hospital assets, lack of funding channels can create liquidity issues for future investment and its operations, the policy of keeping reputation might not impact on hospital’s revenue, and the external risk such as a change in disburse rules of National Health Security Office.
In addition, the financial risks might consist of the followings. Ban Paew hospital should aware that future revenue might not be adequate to replace the current fixed assets and their depreciations. The money donated to the Ban Paew hospital might create money illusion. The growth of salary was higher than the growth of the hospital‘s revenue. The inadequacy of funds to open new branches in the future. It also might face customer risks due to hospital’s targeting niche customers. To prevent and deal with the risks mentioned above, the cooperation between the Ban Paew hospital, the Ministry of Public Health and the National Health Security Office and the Bureau of the Budget are very encouraged.
