PURPOSE
This study was performed to analyze financial ratios and nursing productivity and to interpret comparisons of financial standard ratios.
METHODS
The financial statements of 21 tertiary general hospitals were collected from the webpage of the National Tax Service in Korea. General characteristics of the hospitals were acquired from their webpages.
RESULTS
The results obtained were compared with the financial standard ratios of Korean hospitals. The majority of hospitals showed poor liquidity, performance, turnover, and growth. Nursing productivity was measured by calculating annual value added per nurse (￦ 39,746,938) and annual gross revenues per nurses (￦ 65,803,550).
CONCLUSION
Interestingly, although the financial ratios were generally poor, nursing productivities were very good. Nurse managers can suggest increasing nursing staff levels based on high nursing productivity despite poor financial conditions.

Citations

• Empowering nurse leaders: leveraging financial management practices to foster sustainable healthcare – a mixed-methods study
  Hossam Ali Ismail, Mohamed Hashem Kotp, Hassan Ahmed Awad Basyouny, Aliaa Ezz Eldin Abd Elmoaty, Abdelaziz Hendy, Rasha Kadri Ibrahim, Sally Mohammed Farghaly Abdelaliem, Ahmed Hendy, Mohamed Ahmed Aly
  BMC Nursing.2025;[Epub]     CrossRef
• Research Trends Review of Financial Performance in Hospitals
  Wonjung Noh, Ji Young Lim, Gyeong Ae Seomun, Miyoung Kim, Soyoung Yu, Yoomi Jung, Youngjin Lee
  Journal of Korean Academy of Nursing Administration.2023; 29(1): 76.     CrossRef
• Financial management skills of nurse managers in the Eastern Region of Ghana
  Yennuten Paarima, Atswei Adzo Kwashie, Adelaide Maria Ansah Ofei
  International Journal of Africa Nursing Sciences.2021; 14: 100269.     CrossRef