Impact of health care funding on financial position of Slovak medical spas

Slovak medical spas are part of the public health care system. The financial stability of these spas is based on the balance between medical products covered by public health insurance and medical and wellness products reimbursed by patients. The aim of this research note is the analysis of prices and the ensuing current financial situation of health spas in Slovakia. By way of a case study, an analysis has been made of the amounts paid by Všeobecná zdravotná poisťovňa, j.s.c., for institutional spa care between 2013 and 2016. Besides this, the research note states their financial rankings using the standardised variable method based on three ratios – the Return on Assets, the Revenue Growth Rate and the Net Profit Ratio. The stagnant amount of payments is one of the factors causing some of the spa facilities to go into the red within the monitored ratios