• Sylvia Jenčová University of Presov, Prešov
  • Marta Miškufová University of Presov


hospital, healthcare, financial management, financial indicators


Background: Healthcare is one of the most monitored areas of human activity. The healthcare segment, especially healthcare, drug development and manufacturing are among the defensive sectors that thrive even in times of uncertainty. Aims: The aim of the paper is to apply methods of financial analysis in the financial management of hospitals in NACE 861 – Hospital activities, to assess and increase competitiveness and financial performance. Sample: The research sample consists of medical facilities under the jurisdiction of the Ministry of Health of the Slovak Republic transformed into joint-stock companies and hospitals under the jurisdiction of the Ministry of Health of the Slovak Republic, the Ministry of Defense of the Slovak Republic, and the Ministry of the Interior of the Slovak Republic according to NACE 861 – Hospital activities. Methods: We use basic thought operations and selected mathematical-statistical methods in the paper. The financial analysis of the hospitals will be carried out based on the data taken from the financial statements available in the Register of Financial Statements of the Slovak Republic for the years 2007 - 2022. Results: The results show that the geometric mean for the period 2008 - 2020 for costs is G = 1.01 and for revenues is G = 1.02. Conclusions: Financial aspects are key factors in the company's development process. Knowledge regarding the financial health of the company can help the company in its competitiveness. In the framework of business management, many decisions are influenced by financial and economic analysis. Every manager should strive to understand financial theory. Implications: The benefit will be an evaluation of the financial situation and insight into the competitiveness of the healthcare industry.




How to Cite

Jenčová, S., & Miškufová, M. . (2023). FINANCIAL MANAGEMENT IN THE HEALTHCARE INDUSTRY OF THE SLOVAK REPUBLIC. Journal of Management and Business: Research and Practice, 15(2). Retrieved from