Análisis financiero y cálculo del WACC como base de estrategias para el fortalecimiento financiero de la fundación pasos IPS SAS, año 2025
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Fecha
2026
Autores
Narvaez Roys, Alfredo de Jesús
Contreras Vásquez, Lauris Dayana
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Ediciones Universidad Simón Bolívar
Resumen
El sector de la salud en Colombia afronta retos financieros contundentes, en particular las IPS (instituciones prestadoras de salud) incluyendo las de menor tamaño, donde los procesos financieros no cuentan con un área estructurada lo cual genera una debilidad estructural frente a sus operaciones. (Zuluaga Niño & Bohórquez Torres, 2024)
La Fundación Pasos no es ajena a esta realidad. Aunque la información contable esta actualizada, se encontró una falencia correspondiente al estudio y análisis financiero que impide evaluar con exactitud la situación real frente a los indicadores de liquidez, endeudamiento, rentabilidad como también el costo real de los recursos que necesita para operar. Esta ausencia de análisis limita la capacidad de la IPS para tomar decisiones basadas en datos financieros que resultan indispensables para realizar inversiones, posibles recursos para financiarse y lograr una sostenibilidad en el mercado a mediano o largo plazo.
Teniendo en cuenta esta problemática, el presente estudio tiene como propósito realizar un análisis financiero de la Fundación Pasos tomando de base sus estados de situación financiera del año 2025, calcular el WACC (costo promedio ponderado de capital), con el propósito de establecer estrategias que ayuden al fortalecimiento financiero de la IPS. El estudio se realiza bajo un enfoque cuantitativo, descriptivo, con un diseño no experimental basado en el análisis documental de informes de situación financiera brindados por la institución.
The healthcare sector in Colombia faces significant financial challenges, particularly among healthcare providers (IPS), including smaller ones, where financial processes lack a structured framework, creating a structural weakness in their operations. The Pasos Foundation is no exception to this reality. Although the accounting information is up to date, a shortcoming was identified regarding financial analysis and assessment, which prevents an accurate evaluation of the actual situation in terms of liquidity, debt, and profitability indicators, as well as the actual cost of the resources needed to operate. This lack of analysis limits the IPS’s ability to make decisions based on financial data, which is essential for making investments, identifying potential funding sources, and achieving sustainability in the market over the medium to long term. Given this issue, the purpose of this study is to conduct a financial analysis of the Pasos Foundation based on its 2025 financial statements and to calculate the WACC (weighted average cost of capital), with the aim of establishing strategies to help strengthen the financial position of the IPS. The study employs a quantitative, descriptive approach with a non-experimental design based on a documentary analysis of financial statements provided by the institution.
The healthcare sector in Colombia faces significant financial challenges, particularly among healthcare providers (IPS), including smaller ones, where financial processes lack a structured framework, creating a structural weakness in their operations. The Pasos Foundation is no exception to this reality. Although the accounting information is up to date, a shortcoming was identified regarding financial analysis and assessment, which prevents an accurate evaluation of the actual situation in terms of liquidity, debt, and profitability indicators, as well as the actual cost of the resources needed to operate. This lack of analysis limits the IPS’s ability to make decisions based on financial data, which is essential for making investments, identifying potential funding sources, and achieving sustainability in the market over the medium to long term. Given this issue, the purpose of this study is to conduct a financial analysis of the Pasos Foundation based on its 2025 financial statements and to calculate the WACC (weighted average cost of capital), with the aim of establishing strategies to help strengthen the financial position of the IPS. The study employs a quantitative, descriptive approach with a non-experimental design based on a documentary analysis of financial statements provided by the institution.
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Estructura financiera, WACC, Costo de capital, Indicadores financieros, IPS, Gestión financiera en salud
