Hospital strategy and financial performance.
Five archetype strategies are studied involving productivity, diversification, or a hybrid approach. Manager opinions, staffing ratios, and profitability data bring the strategy effectiveness issue into perspective. Hospitals employing the productivity/defender strategy, specializing in fewer product lines, experienced less decline in profitability in recent years. Excess diversification appears to exhibit the most rapid declines in profitability.
Eastaugh
S R
SR
George Washington University, Washington, DC.
D016542:Chief Executive Officers, Hospital; D003625:Data Collection; D004526:Efficiency; D005377:Financial Management, Hospital / Q000379:methods / Q000706:statistics & numerical data*; D006302:Health Services Research; D006754:Hospital Restructuring / Q000191:economics* / Q000706:statistics & numerical data; D006801:Humans; D017059:Models, Econometric; D010934:Planning Techniques; D011357:Product Line Management / Q000191:economics* / Q000706:statistics & numerical data; D014481:United States