Covid-19 Pandemic, 2020 Financial Performance and Strategy of Panti Waluyo Hospital Surakarta

Margarita Riyan Kristyanti

doi:10.22146/ahj.v4i2.69271

Covid-19 Pandemic, 2020 Financial Performance and Strategy of Panti Waluyo Hospital Surakarta

https://doi.org/10.22146/ahj.v4i2.69271

Margarita Riyan Kristyanti^(1*)

(1) Universitas Gadjah Mada
(*) Corresponding Author

Abstract

Background: The annual report of Panti Waluyo Hospital Surakarta in 2020 shows deficit by disturbances in cash flow. The financial report is assessed and classified for its performance based on financial ratio analysis in accordance with YAKKUM Performance Indicators. Objective: Measuring the influence of the Covid-19 pandemic on the financial performance rating in 2020 by mapping problems, and establishing a management strategy for the Hospital so that financial performance remains in the Healthy category during the Covid-19 pandemic. Design: This research uses descriptive qualitative research with a case study approach. The data was taken from the financial statements in 2020 and interviews with the Directors. The data is processed by presenting and drawing conclusions. Results: Mapping the problem can effectively measure the effect of the Covid-19 pandemic on the financial performance in 2020. The implemented management strategy was able to stabilize financial performance to remain in the Healthy category. Conclusions: Hospital management must be able to understand the events that occur from the description of the movement of financial accounts, then from these considerations are encouraged to make decisions.

Keywords

covid-19, financial reports, financial performance, hospital

Full Text:

PDF

References

Vijay Pratap Raghuvanshi and Shiv Pratap Raghuvanshi, Implications and future strategies on cost management for hospitals during and after COVID-19 (Systematic Review), International Journal of Community Medicine and Public Health, Raghuvanshi VP et al. Int J Community Med Public Health, Jun, 7(6):2405-2410, 2020. Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK IAI), Dampak Pandemi Covid-19 Terhadap Penerapan Psak 8 Peristiwa Setelah Periode Pelaporan Dan PSAK 71 Instrumen Keuangan (Press Release). Jakarta: IAI Global, 2020. Surat Keputusan Pengurus YAKKUM Nomor 026-Ps/PSAK YAKKUM/II/2019 Tentang Pedoman Sistem Akuntansi Keuangan YAKKUM Sesuai PSAK 45 dan PSAK ETAP. Pengurus YAKKUM, 2005, Indikator Kinerja YAKKUM (Standard Performance Indicator of YAKKUM), Karanganyar: Kantor YAKKUM Pusat American Hospital Association, Hospitals and Health Systems Face Unprecendented Financial Pressures Due to COVID-19, AHA, Mei, 2020. Glenn Melnick & Susan Maerki, The Financial Impact of Covid-19 on California Hospitals, California Health Care Foundation, June, 2020 Kaufman, Hall & Associaties, The Effect of COVID-19 on Hospital Financial Health, LLC, July, 2020. Adi Utarini, Tak Kenal Maka Tak Sayang - Penelitian Kualitatif Dalam Pelayanan Kesehatan, Yogyakarta : Gadjah Mada University Press, 2020. Sastroasmoro, Sudigdo, Dasar-Dasar Metodologi Penelitian Klinis, Jakarta: SagungSeto, 2014. Indra Bastian, Analisis Laporan Keuangan - Dengan Kasus Media Bisnis Indonesia, Yogyakarta : BPFE, 2019.

DOI: https://doi.org/10.22146/ahj.v4i2.69271