Development of financial performance benchmark of Ministry of Public Health’s hospitals in Thailand

Materials and methods A literature review was performed for selected indicators of benchmarking. This study used secondary data (financial statements) to identify industry standards for hospitals. Data on hospital expenditures of public hospitals were categorised into 5 groups (input mix), which included salary, compensation, drugs, material supply and other expenses. In addition, selected financial ratio analysis (performance) was carried out which included earnings before interest, taxes, depreciation, and amortization (EBITDA), cash ratio, average collection period, payment period and service cost.