Factors Affecting Personnel Participation in Financial Strategy Implementation at Community Hospitals in Loei Province

Abstract

This analytical study aimed to identify factors affecting personnel participation, according to financial strategy implementation at community hospitals in Loei province. The study had a sample size of 160 personnel. Data were collected with a questionnaire and analyzed for descriptive statistics.  Stepwise multiple regression analysis was also employed.

The results indicated that, majority were registered nurses at the operation level, with a tenure of 10 years, in medium-size community hospitals; the factors related to financial administration as per 7-S McKinsey concept, structure, strategies, management system/tactics, human resources, and shared value as organization members, were at a high level; while those related to skills, knowledge and capacities were at a moderate level; and four factors significantly affecting their participation in overall financial strategy implementation at community hospitals in the province (p < 0.05), in descending order, were skills, knowledge, capabilities, executive position level for human resources and administration style. Therefore, we should develop the potential of personnel in executive position, especially directors of community hospitals. Training on skills, knowledge, and capabilities of personnel should be provided; needs and adequacy of personnel should be analyzed, and selected appropriate personnel in financial management should be planned, to enable every level of personnel to participate in financial strategies implementation.