COVID-19 and Public Health Spending; Effects on the Economic Sustainability of the Spanish Private Healthcare System
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Author/sValls Martínez, María Del Carmen; Santos-Jaén, José Manuel; Valls-Úbeda, Rafael Félix; Soriano Román, Rafael
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 po...
public health spending
private healthcare system
corporate social responsibility