Financial result as an indicatie of the competitiveness of medicial services provided

Abstract

Importance: the effectiveness of the activity of an economic entity engaged in any type of economic activity is determined by the degree of its readiness to make a profit on the invested capital in the conditions of continuity of its activities. The assessment of profitability is important both in the current aspect of the functioning of an economic entity and in the conditions of long-term development. It is the tools and methods of economic analysis that make it possible to analyze the financial results of the organization's activities, systematize the factors that affect the change in the values of financial results, qualitatively assess the impact of indicators on the change in quantitative and qualitative indicators of the formation and use of financial results. The relevance of the topic is due to the fact that a qualitative analysis of financial results and the identification of factors affecting the activities of an economic entity cannot increase the level of profit and profitability. Purpose: to substantiate the possibility of using financial performance indicators to assess the level of competitiveness of the provision of medical services by small and medium-sized businesses based on the use of traditional tools for factor analysis of financial results from sales, as well as the coefficient method of performance of economic entities. Research design: factor analysis of the profits of small enterprises allows you to purposefully manage the effectiveness of their activities by influencing factors that directly affect the level of expenses and sales volume, as well as controlling the level of expenses when sales volumes change due to specific weights by type of products (works, services). With regard to the analysis of the financial results of an organization, it means the application of general approaches, methods of analysis to this particular organization, taking into account the specifics of its activities. Results: the proposed organizational and methodological recommendations for analyzing the financial results of an organization's activities on a regular basis contribute to the formation of relevant, reliable information necessary for managing the financial results of organizations.