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Journal : Jurnal Locus Penelitian dan Pengabdian

Ekspansi Agresif Dan Risiko Finansial: Analisis Komprehensif Strategi Pengembangan PT Medikaloka Hermina TBK (2022-2024) Sarumaha, Lutgardis H. Y.; Wijaya, Silvie Adistiana; Toruan, Melfa Lamria B. L.; Vega, Shanro Mayra; Gunawan, Felix; Ramadhan, Yanuar
Jurnal Locus Penelitian dan Pengabdian Vol. 4 No. 7 (2025): JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v4i7.4465

Abstract

Latar Belakang: Industri rumah sakit di Indonesia berada dalam fase transformasi dinamis dengan pertumbuhan sektor kesehatan 8-10% per tahun dalam lima tahun terakhir. PT Medikaloka Hermina Tbk sebagai salah satu jaringan rumah sakit swasta terbesar di Indonesia telah menerapkan strategi ekspansi agresif dengan menambah 8 rumah sakit baru dalam tiga tahun terakhir. Tujuan: Penelitian ini bertujuan menganalisis dampak strategi ekspansi agresif PT Medikaloka Hermina Tbk (2022–2024) terhadap kesehatan finansial perusahaan dengan pendekatananalisis keuangan multidimensi. Metode: Studi kuantitatif ini menggunakan analisis rasio keuangan (profitabilitas, likuiditas, solvabilitas, dan aktivitas) berdasarkan laporan keuangan konsolidasi 2022–2024. Data diolah dengan metode Compound Annual Growth Rate (CAGR) dan dibandingkan dengan performa finansial rumah sakit sejenis serta standar industri rumah sakit di Indonesia. Hasil: Ekspansi agresif RS Hermina menghasilkan pertumbuhan rata-rata tahunan pendapatan (7,7%) dan laba bersih (16,2%) selama periode 2022-2024. Namun, total utang juga mengalami peningkatan rata-rata 13,6% per tahun, melebihi pertumbuhan ekuitas yang hanya 9,6% per tahun. Debt to Equity Ratio (DER) meningkat menjadi 0,80x pada 2024 (melebihi standar industri 0,50-0,70x). Debt to Asset Ratio (DAR) mencapai 44,5% (mendekati batas atas kisaran aman 50%), sedangkan current ratio menurun dari 1,26x menjadi 1,13x, mengindikasikan tekanan likuiditas. Asset turnover (0,63x) dan receivable turnover (5,78x) masih berada di bawah standar industri, menandakan utilisasi aset yang belum optimal dan tantangan dalam pengelolaan piutang. Kesimpulan: Strategi ekspansi agresif RS Hermina berhasil mendorong pertumbuhan pendapatan dan laba jangka pendek, namun juga meningkatkan risiko terhadap kesehatan finansial jangka panjang. Rekomendasi strategis meliputi restrukturisasi utang, optimalisasi aset, penguatan likuiditas, dan diversifikasi sumber pendapatan untuk menjaga keberlanjutan keuangan di tengah dinamika industri kesehatan.
Single-Use vs Reuse: Unit Cost Analysis of Hemodialysis with Activity-Based Costing and Double Distribution Saptari, Dhany; Ramadhan, Yanuar; Hilmy, Mohamad Reza
Jurnal Locus Penelitian dan Pengabdian Vol. 4 No. 9 (2025): : JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v4i9.4831

Abstract

Hemodialysis is a vital therapy for chronic kidney failure patients, yet accurate unit cost calculation remains a challenge for hospitals under the National Health Insurance (JKN) system. This study aims to analyze the unit cost calculation of outpatient hemodialysis procedures at a private hospital in Indonesia using Activity-Based Costing (ABC) and Double Distribution (DD) methods, and to compare them with INA-CBGs tariffs to evaluate potential financial losses and formulate efficiency strategies. This descriptive observational study with a quantitative approach used 350 samples of BPJS hemodialysis procedures from January-March 2023. Data were obtained through service flow observations, clinical and financial documentation, and interviews with relevant stakeholders, validated by the hospital's finance department. Results show that ABC method unit costs (Rp1,102,848 for reuse and Rp1,197,184 for single-use) are higher than DD (Rp948,756 for reuse and Rp1,043,092 for single-use), with ABC considered more accurate as it reflects real resource consumption. Both methods show unit costs exceeding INA-CBGs tariffs (Rp800,360 for reuse and Rp941,600 for single-use), indicating potential annual financial losses of Rp142-423 million. Clinical pathway-based efficiency strategies are needed to achieve cost control while maintaining care quality, with recommendations to adopt single-use dialyzers as operational standards to improve patient safety and reduce long-term financial risks.
Co-Authors A.F., Safiani A.S., Barlia ACHMAD RIFAI Adiba, Rizqi Hasna Afiffah, Junita Nur Ahmad, Ardian Alamsyah, Naditha Ersa Auryn Andika, Dade Andika, Dede Andreas, Kresencia Yolanda Aqila Hanna Latifa Ar Rasit Arethusa, Dicky Andreas Arifin, M Rais Arihta Hosiana, Felicia Aritha, Teresia Sri Aritonang, Ramona Ariza, Dani Arnanda, Rifky Arya Artib, Shadiqy Arzeta, Davina Atthariq, Muhammad Audy Laura Gladisya Ayu Anggia, Bunga Budiani, Selsa Mahfuza Cahayani, Wike Astrid Camelia, Madya Caprina, Tiffany Carlo, Ronald Caroline, Stefany Damayanti, Alia Sri Daniel Daniel Danuri, Heri Danut, Yohana Darmatika, Winingtias Daulay, Agung P. Diva Syabila, Artana Dwi Anggraeni Dwi Septiani Edi Hamdi Endang Ruswanti Erick Ferdiawan, Erick Ernawati Ernawati Erry Yudhya Mulyani Erwan Baharudin Fajri , Fuad Faqieh Akbar, Muhamnad Faradila, Nazwa Hana Fauzan, Alfian Kurnia Fauzi, Alamin Felix Gunawan Fernandez, Azizah Firdaus, Yulitha Gaus, Muh Giovany, Kenny Gunawan, Wawan Iwan Gunawan, Yakub Harahap, Hanna Meyrani Hariyantob, Bryan Michael Haryanto Prakasa, Agris Hendra Kusuma, Helmy Hendrani, Ai Henry Arianto Heriyanti Heriyanti, Heriyanti Herman Prasetyo Hilmy, Mohamad Reza Hilmy, Mohammad Reza Hutabarat, Alexander Romulo Indah Permatasari, Lydia Irdan, Irdan Irianto, Hengky Prabowo Iryanto, Nadya Adella Isnaeni, Wirdatul Jarot, Haryanto Jaya, Saprilido Josephin Cornellius Jusat, Idrus K., Yosefin K.M., Novera Karimah, Armitha Lisanul Karnando, Joni Khayah, Bintaya Zahriati Komala, Sefrilia Sandra Kumala, Ratna Dewi Kurnianingsih, Nia Kusumapradja, Rokiah Laelani, Sofi Nur Eka April Laksono, Sherli Suci Lalenoh, Susan Laurent, Agnes Fanny Leasa, Merlisye Lisbeth, Nency M Safari, Jenjen M. Natsir Nugroho, M. Natsir Madjid, Suhirman Maharani, Novera K. Malika, Ghina Wafa Martin, Boyke Mawarda, Mei Iftita Mayshandi, Justin Melia Cahyanti, Ichtiar Metyasari, Dewi Monica Chandra Muallifah, Siti Muharom, Ahmad Muhonis, Daniel Ananda Mukti, Chitra Munawaroh, Faridatul Nadia, Ananta Arta Natsir Nugroho, Muhammad Nazruddin Safaat H Nofierni, Nofierni Nur Haristi, Alifia Nurhaliza, Novia Dewi Siti Nusa Bangsa, Ikrar Octaviani Lubis, Rima Oktavia, Sella Ona Delang, Teresa Parlin, Kristina Pauru', Wilson Permatasari, Wan Variani Prakoso, Daniel Satrio Pribadi D, Yanuar Pricilla, Olivia Purwantoro, Aletha Kevina Putri Putra, Jusintri Putra, M Diarama Kurnia Putri R, Septy Putri, Chesterita Putri, Mulia Rachmiaty Putri, Mutiara Ramadhona Qamar, Syam Sawal Rahmadiani, Ulfa Siti Rahman, Fadillah Aditya Ramadhaningsih, Devi Ramdani, Novi Afriyani Ramzy, Wahyu Restuningsih, Cita Ridhovan, Andreanov Rismayani, Maya Rodiah, Sinten Wanti Rosadi, Rizky Meydina Viersha Rosdiana Rosdiana Rosianwar, Ajeng Kusuma Roviuddin, Roviuddin Sabrina , Salya Widya Samuel, Binsar Sandrawati, Agnes Sandy Sandy Saptaningsih, Agusdini Banun Saptari, Dhany Sarumaha, Lutgardis H. Y. Sihalolo, S. Wolker Sinaga, Emma Siswanti Sulim, Dewi Sopianti, Yusi Stevu Denito, Steven Subagyo, Imam Suherman, Ruben Sulistiawati Sulistiawati Sunardi, Adisty Aulia Kamarani Sunardi, Dadi Sunjaya, Robi Susetiawan, Teguh Swandana, Yanuar Ajie Syalsha Aisya Fasha Syukriati, Selviana Talaohu, Alma P. Tambunan, Nessa Agustina Tantri Yanuar Rahmat Syah TEGUH PRAYITNO Tjandra, Clarissa Toruan, Melfa Lamria B. L. Tuti Alawiyah Vega, Shanro Mayra Vicky Firmansyah, Muhammad Wahono, Agung Tri Wahyuni Dian Purwati Widiawati, Lenny Widy Maulana Iqbal Widyanto, Ilham Aditya Wijaya, Silvie Adistiana Wijaya, Suryanto Wongso, Stevanus Bram Mario Wulandari , Gustina Yani Ariwibowo Yasin, Fahri Hananto Yasmina Amalia, Yasmina Yudhantara, Dearisa Surya Yulita, Wita Yusnaini Yusnaini Zega, Yosua ‘Aisy, Nabilah Rohadatul