Publication: COVID-19 and Public Health Spending; Effects on Economic Sustainability of the Spanish Private Healthcare System
Authors
Valls Martínez, María del Carmen ; Valls Ubeda, Rafael Félix ; Soriano Román, Rafael ; Santos Jaén, José Manuel
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Publisher
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DOI
https://doi.org/10.3390/ijerph20021585
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info:eu-repo/semantics/article
Description
©<2023>. This manuscript version is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by/4.0/
This document is the Published, version of a Published Work that appeared in final form in [International Journal of Environmental Research and Public Health]. To access the final edited and published work see5. [https://doi.org/10.3390/ijerph20021585]
Abstract
This research analyzes the influence of COVID-19 and public health spending policies
on the economic sustainability of Spanish private hospitals. Moreover, it explores the relationship
between public health spending policies and the spread of COVID-19 in Spain. Private health care is
an understudied sector, yet it is fundamental to the health of citizens. Moreover, the economic causes
linked to the spread of the pandemic have not yet been clearly established. Therefore, this work
covers a gap in the literature. Private hospital profitability was analyzed by applying ordinary least
squares and panel data regressions on financial and macroeconomic data for the period 2017–2020.
The spread of COVID-19 was examined by means of cluster and component analysis. The results
show that the COVID-19 pandemic negatively affected the economic sustainability of Spanish private
hospitals, which was also influenced by public health spending. In turn, the spread of the pandemic
was mainly related to population density, but was also influenced by public health spending and the
gross domestic product of the region. Therefore, policymakers must consider that it is essential to
make adequate investments in the healthcare system to cope with pandemics such as COVID-19. In
addition, managers can see how corporate social responsibility is a valuable strategy for maintaining
hospital profitability.
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Citation
International Journal of Environmental Research and Public Health, 20
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