The Cash Flow Influenced by Key Factors of Debt Eliminated Hospitals in Slovakia
Andrea Masařová, Marcela Basovníková

Language: en
Last modified: 2018-04-10


The article is focused on a sample of 25 Slovak hospitals that were debt eliminated in 2011. The main aim of the paper is to identify the key factors that affect the cash flow of monitored hospitals in Slovakia. The partial aim is to create a simplified cash flow through the indirect method for the years 2009-2015, which has been explored in time by the rate of increase. A panel regression analysis of individual cash flow items was also performed to identify key factors. The situation of hospitals in Slovakia in 2010 was so serious that despite the received return assistance in 2009, the government decided to relieve 25 Slovak hospitals in 2011. This was a non-repayable financial assistance of approximately € 350 million. Key operating factors have been identified as earning after taxes, change of reserve status, change of short-term payables, acquisition of long-term tangible and intangible fixed assets and to a minimum, changes of supplies and changes of liabilities.


Hospital; cash flow; debt elimination; contributory organization

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