Probe - Accounting, Auditing and Taxation

Research on Hospital Financial Risk Identification and Control Strategies

Yuanwei Li

West China Second University Hospital, Sichuan University

DOI: https://doi.org/10.59429/paat.v6i1.6205

Keywords: Hospital financial risk; Risk identification; Risk control; Data analysis technology; Expert system; Risk sharing and transfer; Risk warning and emergency response; Sustainable financial development; Information technology

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Abstract

This research delves deeply into the intricacies of identifying and controlling financial risks in hospitals, shedding light on the profound implications these risks bear on the sustainable development of healthcare institutions. The focus on financial risk identification employs a sophisticated approach incorporating data analysis technology, expert systems, and model construction, resulting in the establishment of a comprehensive and adaptable financial risk identification model. Regarding financial risk control, a proposed financial risk control framework underscores the significance of internal control mechanisms, adherence to external norms, and the integration of information technology for cohesive risk management. The analysis extends to specific strategies such as risk sharing, transfer, proactive risk warnings, and adept emergency responses, all strategically aimed at fortifying the hospital's financial resilience and solidity. This thorough examination, presented in the entirety of the paper, equips hospital managers with a solid foundation for informed decision-making, ultimately catalyzing the modernization and refinement of financial management practices within healthcare institutions.

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