Reality of Financial Risk Management in Palestinian Hospitals: Case of Al-Makassed Islamic Charitable Society Hospital
Date
2022-02
Authors
Mahmoud Ooroubah
Faron Sama
Barakat Firas
Bayyoud Mohammed
Darwish Nidal
Sayyad Nermeen
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Volume Title
Publisher
International Journal of Economics, Business and Management Research (IJEBMR)
Abstract
This study examines the reality of financial risk management in Palestinian hospitals through a case study of Al-Makassed Islamic Charitable Society Hospital in Jerusalem. A cross-sectional descriptive analytic design was employed using two structured questionnaires administered to administrative and financial employees (n=32) and patients (n=60). The findings indicate moderate employee agreement regarding financial and profitability dimensions, while a high level of agreement was observed concerning the effects of financial risk on hospital operations, including service continuity, drug procurement, staff salaries, and quality of care. Patient responses revealed a strong influence of economic factors and price suitability on treatment decisions. The results demonstrate a strong positive relationship between effective financial risk management and the hospital’s ability to maintain quality and safety of patient care, highlighting the importance of robust financial governance frameworks in healthcare institutions operating in fragile economic environments.
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Citation
Mahmoud, O., Faron, S., Barakat, F., Bayyoud, M., Darwish, N., & Sayyad, N. A. (2022). Reality of financial risk management in Palestinian hospitals: Case of Al-Makassed Islamic Charitable Society Hospital. International Journal of Economics, Business and Management Research, 6(2), 1–31. https://doi.org/10.51505/IJEBMR.2022.6201