Abstract:

The aim of this study was to examine regional differences in the financial soundness of Polish healthcare organizations using the Altman Zeta-score model. The Z-score model is widely used to examine the probability of bankruptcy in a company, and it is a reliable tool for measuring the financial soundness of a business. The study demonstrated that most Polish healthcare organizations are experiencing financial difficulties and that their financial soundness is compromised. The study revealed significant direct relationships between the Z-score of healthcare organizations vs. the net monthly income per capita, employment-to-population ratio, and the youth dependency ratio in Polish counties.