Financial Autonomy in Public Hospitals Under the Ministry of Health in Vietnam

Abstract

The financial autonomy mechanism has given public hospitals in Vietnam, especially those affiliated with the Ministry of Health, the opportunity to be more proactive in managing their finances and assets, making efficient use of the state budget that has been allotted, and generating extra-budgetary revenue by expanding the range of medical examination and treatment services that their units provide. The need for financial autonomy in public hospitals has brought up a number of concerns, nevertheless, from the development and efficient use of financial resources to management techniques and regulatory frameworks. Using SPSS 22 software, the authors gathered survey data from 42 public hospitals under the Ministry of Health, with 84 survey questionnaires distributed and 75 completed. They then evaluated the degree to which various factors influenced the financial autonomy of these hospitals as of right now. The findings show that the degree of financial autonomy is favourably influenced by the state's financial policy mechanism, medical personnel qualifications, employee qualifications, and facility qualities. The team of writers makes a number of recommendations to improve the financial autonomy mechanism for public hospitals under the Ministry of Health in the future based on these results.