Financial Management and the Performance of Public Hospitals Case Study: Mulago Hospital
Abstract
The Research was carried out on Financial Management and the performance of Public Hospitals with the aim of assessing the impact of Financial Planning on the performance of Mulago Hospital, to find out the effect of Management of working Capital on performance of Mulago Hospital and to investigate the effect of Internal Controls on the performance of Mulago Hospital.
The study adopted the quantitative method of the study; it was a case study design focused on investigating Financial Management and Performance of government hospitals in Uganda. Questionnaires were the main data collection tool used while the research was analyzed using tables and SPSS, Regression analysis was used to find the relationship between the two variables.
The researcher found out that financial planning has a strong and positive significant relationship with performance of public hospitals; that is an increase in financial planning would mean an increase in the performance of Mulago hospital. This precisely points out that financial planning is one of the key elements used to measure performance of public hospitals.
There was also a strong positive significant relationship between working capital management and the performance of Mulago hospital. Efficient working capital management has led to improved operating performance of the business concern of the hospital in delivering healthcare services to patients and it has helped to meet the short term liquidity. Hence, study of working capital management is not only an important part of financial management but also impacts on performance of public Hospitals.
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