Financial Analysis of Greek Public Pediatric Hospitals before and after the advent of the Covid-19 pandemic

This paper aims to investigate the cost-effectiveness of the four Greek public pediatric hospitals through a financial analysis of their financial statements for the period 2017-2022. Special emphasis is given to the effects of the Covid-19 pandemic crisis that has hit the country, in order to analyze the challenges and evaluate the management of financial resources during this critical period. The Covid-19 pandemic caused a significant increase in expenditure due to the emergencies that arose, such as the acquisition of personal protective equipment, the recruitment of additional workers and the strengthening of infrastructure. At the same time, hospitals’ revenues decreased due to reduced patient attendance and the postponement of scheduled surgeries. These conditions have forced hospitals to reorganize their resource management, focusing on responding to emergencies and ensuring the prevention of the spread of infections.