Abstract
The aim of this contribution is to analyze the longitudinal developmentsof financial performancesof Czech hospitals over the period 2007-2011 following the transformation of the legal form of many hospitals from contributory organizations to business companies. By using an appropriate statistical model, we determine whether and how the development of hospital economic results differs depending on the legal form of the hospital.
The operating region is also taken into account. To evaluate the financial performance of hospitals, a dataset of 155 hospitals was collected (out of a total of 189 hospitals registered in the Czech Republic as of the end of 2011).
In particular, a linear mixed model was used to analyze the data. The results demonstrate the instability of the economic results during the period analyzed.
The influence of the transformation of the legal form on the long-term financial performance has not been proved. On the contrary, we showed statistically significant differences in the developments of economic resultsin different operating regions.