FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS
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Data de Publicação: | 2015 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4396 |
Resumo: | Private health assistance in Brazil had grown in the last years, converting the State from executor to regulator of this sector, especially concerning financial-economic matters. In this context, the aim of this work was to identify the behavior of financing strategies adopted by medical cooperatives and group medicines related to regulatory framework of supplementary health in Brazil. For this, it was analyzed the documents of financial-economic regulation, followed by the behavior analysis of financial-economic indexes concerning the beginning of the regulation, between 2001 and 2012, for two periods of time: the first of 2001 to 2008; the 2nd of 2004 to 2012, through the application of regression models. It has been stated that, because of Guaranteeing Assets – GA (first period: 2001 to 2008), general and long term indebtedness have significantly enhanced, indicating preference for third party equity instead of stockholders equity. Medical cooperatives showed a raise in general indebtedness, differently from group medicine ones, who searched for money in third party capital. Both types opted for enhancing their long term indebtedness and reducing the short term one. The Health Guaranteeing Fund – HGF (2nd period – 2002 to 2012) reduced liquidity index, indicating that HGF proposal of reducing financial guarantees and enhancing working capital did not occur. General medical cooperative indebtedness reduced, while group medicine had enhanced. In the end, it was stated a balance between indebtedness and liquidity throughout time for cooperatives and group medicines. |
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FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORSEFECTOS DE LA REGULACIÓN ECONÓMICO-FINANCIERA EN LAS ESTRATEGIAS DE FINANCIACIÓN DE LAS COMPAÑÍAS DE SEGURO DE SALUDEFEITOS DA REGULAÇÃO ECONÔMICO-FINANCEIRA NAS ESTRATÉGIAS DE FINANCIAMENTO DAS OPERADORAS DE PLANOS DE SAÚDEANSRegulationHeathAccountancy.ANSRegulaciónSaludContabilidad.ANSRegulaçãoSaúdeContabilidade.Private health assistance in Brazil had grown in the last years, converting the State from executor to regulator of this sector, especially concerning financial-economic matters. In this context, the aim of this work was to identify the behavior of financing strategies adopted by medical cooperatives and group medicines related to regulatory framework of supplementary health in Brazil. For this, it was analyzed the documents of financial-economic regulation, followed by the behavior analysis of financial-economic indexes concerning the beginning of the regulation, between 2001 and 2012, for two periods of time: the first of 2001 to 2008; the 2nd of 2004 to 2012, through the application of regression models. It has been stated that, because of Guaranteeing Assets – GA (first period: 2001 to 2008), general and long term indebtedness have significantly enhanced, indicating preference for third party equity instead of stockholders equity. Medical cooperatives showed a raise in general indebtedness, differently from group medicine ones, who searched for money in third party capital. Both types opted for enhancing their long term indebtedness and reducing the short term one. The Health Guaranteeing Fund – HGF (2nd period – 2002 to 2012) reduced liquidity index, indicating that HGF proposal of reducing financial guarantees and enhancing working capital did not occur. General medical cooperative indebtedness reduced, while group medicine had enhanced. In the end, it was stated a balance between indebtedness and liquidity throughout time for cooperatives and group medicines. La asistencia privada a la salud en Brasil ha crecido en los últimos años, convirtiendo al Estado de ejecutor en regulador del sector, especialmente en el aspecto económico-financiero. Este trabajo buscó identificar el comportamiento de las estrategias de financiamiento adoptadas por las cooperativas médicas y medicinas prepagas frente a los marcos regulatorios de la salud suplementar en Brasil. La investigación requirió el análisis documental de la regulación económico-financiera, seguida del análisis del comportamiento de los índices económico-financieros a partir del inicio da regulación, entre 2001 y 2012, para dos períodos: el 1º de 2001 a 2008; el 2º, de 2004 a 2012, con el uso de modelos de regresión. Se constató que, con la obligatoriedad de los Activos Garantidores – AG (1º período: 2001 a 2008), aumentaron significativamente los endeudamientos general y de largo plazo, indicando la opción por el capital de terceros envés del capital propio. Las cooperativas médicas presentaron aumento en el endeudamiento general, diferente de las medicinas prepagas, que buscaron capitalizarse con recursos de terceros. Las dos modalidades optaron por aumentar la deuda de largo plazo y reducir la de corto plazo. La institución del Fondo Garantidor de la Salud – FGS (2º período – 2002 a 2012) disminuyó el índice de liquidez, indicando que la propuesta del FGS, de reducir las garantías financieras y mejorar el capital de giro, no ocurrió. El endeudamiento general de las cooperativas médicas disminuyó, en cuanto el de las medicinas prepagas aumentó. Se constató un equilibrio entre el endeudamiento y la liquidez a largo del período para las cooperativas y las medicinas prepagas.A assistência privada à saúde no Brasil tem crescido nos últimos anos, convertendo o Estado de executor em regulador do setor, em especial na questão econômico-financeira. Este trabalho buscou identificar o comportamento das estratégias de financiamento adotadas pelas cooperativas médicas e medicinas de grupo frente aos marcos regulatórios da saúde suplementar no Brasil. A pesquisa requereu a análise documental da regulação econômico-financeira, seguida da análise do comportamento dos índices econômico-financeiros a partir do início da regulação, entre 2001 e 2012, para dois períodos: o 1º de 2001 a 2008; o 2º, de 2004 a 2012, com o uso de modelos de regressão. Constatou-se que, com a obrigatoriedade dos Ativos Garantidores – AG (1º período: 2001 a 2008), aumentaram significativamente os endividamentos geral e de longo prazo, indicando a opção por capital de terceiros ao invés do capital próprio. As cooperativas médicas apresentaram aumento no endividamento geral, diferente das medicinas de grupo, que buscaram se capitalizar com recursos de terceiros. As duas modalidades optaram por aumentar a dívida de longo prazo e reduzir as de curto prazo. A instituição do Fundo Garantidor da Saúde – FGS (2º período – 2002 a 2012) diminuiu o índice de liquidez, indicando que a proposta do FGS, de reduzir as garantias financeiras e melhorar o capital de giro, não ocorreu. O endividamento geral das cooperativas médicas diminuiu, enquanto o das medicinas de grupo aumentou. Constatou-se um equilíbrio entre o endividamento e a liquidez ao longo do período para as cooperativas e as medicinas de grupo.Universidade Regional de Blumenau2015-08-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4396Revista Universo Contábil; v. 11 n. 2 (2015); 108-1271809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4396/3030Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessPinheiro, Isabel Cristina BarbosaPeleias, Ivam RicardoSilva, Aldy Fernandes daMartins, Eliseu2022-07-21T03:24:42Zoai:ojs.bu.furb.br:article/4396Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2022-07-21T03:24:42Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS EFECTOS DE LA REGULACIÓN ECONÓMICO-FINANCIERA EN LAS ESTRATEGIAS DE FINANCIACIÓN DE LAS COMPAÑÍAS DE SEGURO DE SALUD EFEITOS DA REGULAÇÃO ECONÔMICO-FINANCEIRA NAS ESTRATÉGIAS DE FINANCIAMENTO DAS OPERADORAS DE PLANOS DE SAÚDE |
title |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS |
spellingShingle |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS Pinheiro, Isabel Cristina Barbosa ANS Regulation Heath Accountancy. ANS Regulación Salud Contabilidad. ANS Regulação Saúde Contabilidade. |
title_short |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS |
title_full |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS |
title_fullStr |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS |
title_full_unstemmed |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS |
title_sort |
FINANCIAL-ECONOMIC REGULATION EFFECTS IN FINANCING STRATEGIES OF HEALTH PLAN OPERATORS |
author |
Pinheiro, Isabel Cristina Barbosa |
author_facet |
Pinheiro, Isabel Cristina Barbosa Peleias, Ivam Ricardo Silva, Aldy Fernandes da Martins, Eliseu |
author_role |
author |
author2 |
Peleias, Ivam Ricardo Silva, Aldy Fernandes da Martins, Eliseu |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Pinheiro, Isabel Cristina Barbosa Peleias, Ivam Ricardo Silva, Aldy Fernandes da Martins, Eliseu |
dc.subject.por.fl_str_mv |
ANS Regulation Heath Accountancy. ANS Regulación Salud Contabilidad. ANS Regulação Saúde Contabilidade. |
topic |
ANS Regulation Heath Accountancy. ANS Regulación Salud Contabilidad. ANS Regulação Saúde Contabilidade. |
description |
Private health assistance in Brazil had grown in the last years, converting the State from executor to regulator of this sector, especially concerning financial-economic matters. In this context, the aim of this work was to identify the behavior of financing strategies adopted by medical cooperatives and group medicines related to regulatory framework of supplementary health in Brazil. For this, it was analyzed the documents of financial-economic regulation, followed by the behavior analysis of financial-economic indexes concerning the beginning of the regulation, between 2001 and 2012, for two periods of time: the first of 2001 to 2008; the 2nd of 2004 to 2012, through the application of regression models. It has been stated that, because of Guaranteeing Assets – GA (first period: 2001 to 2008), general and long term indebtedness have significantly enhanced, indicating preference for third party equity instead of stockholders equity. Medical cooperatives showed a raise in general indebtedness, differently from group medicine ones, who searched for money in third party capital. Both types opted for enhancing their long term indebtedness and reducing the short term one. The Health Guaranteeing Fund – HGF (2nd period – 2002 to 2012) reduced liquidity index, indicating that HGF proposal of reducing financial guarantees and enhancing working capital did not occur. General medical cooperative indebtedness reduced, while group medicine had enhanced. In the end, it was stated a balance between indebtedness and liquidity throughout time for cooperatives and group medicines. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-08-22 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4396 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4396 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4396/3030 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 11 n. 2 (2015); 108-127 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
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1798945116819292160 |