Formation of the standard level of accounts receivable for health organizations' financial management: Methodological aspects

Subject. This article discusses the state of accounts receivable, which has a direct impact on the solvency and financial stability of healthcare organizations within the framework of the current conditions of the healthcare system. Objectives. The article aims to develop methodological approaches to establishing the standard level of accounts receivable in the context of financial management to reduce the risk of insolvency in medical organizations. Methods. For the study, we used analysis and synthesis, induction and deduction, as well as statistical data presentation, comparison, and logical and systems reasoning. Results. The article reveals high inter-organizational variability in accounts receivable indicators, which significantly distorts industry benchmarks. It finds that establishing a standard level of accounts receivable without linking it to the solvency of medical organizations and the repayment period of debtor obligations does not ensure the managerial applicability of the indicator. The article proposes a comprehensive approach to determining the standard for accounts receivable based on assessing its share in the revenue base, taking into account the repayment period and the current liquidity ratio, considering the industry-specific characteristics of medical organizations and revenues from the mandatory health insurance system. Conclusions and Relevance. It is necessary to abandon the use of average industry standards for accounts receivable in the financial management system of medical organizations and establish a standard level of debtor indebtedness based on a comprehensive approach, taking into account the duration of its repayment, the solvency of medical organizations, and the characteristics of the revenue base formation. The conclusions drawn form a methodological basis for further research in the field of regulation of current assets and the development of financial management tools in socially significant sectors of the economy. The research results are aimed at the practical activities of medical organizations.