Purpose This study aims to analyze the financial performance research trends in medical institutions and to suggest the necessity and future research direction for financial management from the perspective of nursing organizations.
Methods: Financial performance research in medical institutions was extracted by combining the keywords ‘finance’, ‘nursing’, ‘medical’, and ‘hospital’ in three domestic and foreign online databases. 55 studies were finally extracted.
Results: Of the 55 studies selected, 41.8% have been published after 2010, and 79.6% have been published in Korea. 83.6% of the studies used financial statements, and 74.5% used the financial ratio. Among the studies on the use of financial statements, 40 balance sheets and 41 profit and loss statements were used.
Conclusion: There were some limitations in deriving implications for financial performance management at the level of nursing organization. When establishing strategies for future financial performance improvement, it is recommended to prioritize nursing cost optimization and profitability enhancement at the nursing organization level.
Purpose This study conducted a systematic review and meta-analysis to identify trends in nursing ethics education research for Korean nursing students and nurses.
Methods: The data search was conducted in July 2020; domestic and foreign academic journals were targeted for the search. A combination of search terms was entered into major databases, and the year of publishing was limited to the last 10 years (2010~2020).
Results: The systematic review analyzed 25 experimental and 13 non-experimental studies, and education methods included lectures, discussions, role play, film-use classes related to nursing ethics, action learning, and case-based learning. The meta-analysis of 12 studies revealed that ethical education has significant differences in effect size of biomedical ethics, critical thinking, moral judgment, and moral sensitivity. A subgroup analysis of education methods showed that in addition to traditional lecture and discussion education methods, there were significant differences in the effect size of sense of biomedical ethics between the following two methods: lecture and discussion including additional methods and lecture and discussion only.
Conclusion: Ethics education for nursing students and nurses has been found to be effective in improving ethics-related competencies, and various teaching methods other than lectures and discussions must be utilized.
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Development and Application of Biomedical Ethics Education e-Learning Contents for College Students Based on Scenarios Using Generative Artificial Intelligence Bon-Jin Koo Journal of Digital Contents Society.2024; 25(10): 3091. CrossRef
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.
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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
PURPOSE The purpose of this study was to analysis the financial statements of university hospitals and to apply the results to build nursing management strategies. METHODS Data on the financial statements of university hospitals were collected each hospital's homepage or internet search from February to June, 2010. Financial statements of 11 hospitals were analyzed using the 4 categories of financial ratio analysis method: liquidity, performant, growth and turnover. RESULTS Overall results showed that the financial status the university hospitals were unstable, and many financial indicators did not meet financial standard ratios. Only 8 financial indicators of total 19 indicators satisfied financial standard ratios. CONCLUSION The results of financial statements analysis suggest that nurse managers should develop the blue ocean strategy for diversification of nursing services to improve financial ratios of liquidity, performance, and growth. Using a unit-based just-in-time system for effective supply management would help to increase profits and to decrease costs of hospital by improving financial ratios of turnover.
Citations
Citations to this article as recorded by
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
Nursing Productivity of Tertiary General Hospitals using Financial Statements Wonjung Noh, Ji Young Lim Journal of Korean Academy of Nursing Administration.2019; 25(1): 35. CrossRef
A Study on the Classification of Nursing Management Competencies and Development of related Behavioral Indicators in Hospitals Seong Yeol Kim, Jong Kyung Kim Journal of Korean Academy of Nursing.2016; 46(3): 375. CrossRef
Nurses' Educational Needs Assessment for Financial Management Education Using the Nominal Group Technique Wonjung Noh, Ji Young Lim Asian Nursing Research.2015; 9(2): 152. CrossRef
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