Financial performance of Anh Quat General Hospital in the period 2021 – 2023

Objective: This study aims to analyze the financial performance of Anh Quat General Hospital from 2021 to 2023.

Methods: A cross-sectional study was conducted based on annual reports, financial statements, and related documents concerning the hospital's financial management from 2021 to 2023.

Results: The hospital's total revenue increased steadily, from 17,356 billion VND in 2021 to 82,441 billion VND in 2023, with reimbursements from social health insurance accounting for 79% to 82% of the revenue. Total expenses also showed a consistent rise from 20,136 billion VND in 2021 to 82,954 billion VND in 2023. The three largest expense categories were professional operational costs (32%-49%), personnel payments (23%-32%), and fixed asset depreciation (15%-19%). The hospital recorded a negative profit of -2780 billion VND in 2021 and -512 million VND in 2023, while 2022 saw a positive after-tax profit of 935 million VND. The investment return rate reached 21% in 2023, with total investment amounting to 125 billion VND.

Conclusions: The hospital's revenue increased significantly, primarily from social health insurance-covered medical services, but the growth was not consistent between 2021 and 2023. The hospital's profit was heavily affected by the COVID-19 pandemic and substantial investments in medical equipment. The hospital should maintain its focus on revenue from social health insurance-related services while diversifying other income sources. It is also essential to establish clear and detailed internal expenditure regulations.

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