Understanding your hospital's true financial position and changing it.
Many hospital executives use operating margin as their primary measure of financial position in their hospitals. This article shows that return on equity (ROE) should be the primary test of financial performance for both taxable and tax-exempt hospitals. The ROE framework can be related to specific management actions that may improve performance through the strategic management model structure. Benchmarking data are employed to suggest successful management strategies.
Cleverly
W O
WO
Ohio State University, Columbus, USA.
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