The association of ownership and system affiliation with the financial performance of inpatient psychiatric hospitals.
Using a pooled, cross-sectional time-series analysis, this study examines the relationship of financial performance of short-term, inpatient psychiatric hospitals to ownership and system affiliation. After controlling for market variables, case mix, the number of services, and bed size, the results indicate that for-profit psychiatric hospitals had higher revenues per adjusted discharge, higher expenses per adjusted discharge, and higher profitability compared to not-for-profit hospitals. System affiliated psychiatric facilities had lower revenues per adjusted discharge, lower expenses per adjusted discharge, and lower profitability than freestanding facilities.
McCue
M J
MJ
Department of Health Administration, Virginia Commonwealth University, Richmond 23298-0203.
Clement
J P
JP
Hoerger
T J
TJ
D014487:Centers for Medicare and Medicaid Services, U.S.; D003365:Costs and Cost Analysis; D003953:Diagnosis-Related Groups / Q000191:economics / Q000706:statistics & numerical data; D005377:Financial Management, Hospital / Q000706:statistics & numerical data*; D006742:Hospital Bed Capacity; D006777:Hospitals, Proprietary / Q000191:economics / Q000706:statistics & numerical data; D006778:Hospitals, Psychiatric / Q000191:economics* / Q000706:statistics & numerical data; D006788:Hospitals, Voluntary / Q000191:economics / Q000706:statistics & numerical data; D006801:Humans; D007182:Income / Q000706:statistics & numerical data; D007297:Inpatients; D009935:Organizational Affiliation / Q000191:economics* / Q000706:statistics & numerical data; D010067:Ownership / Q000191:economics* / Q000706:statistics & numerical data; D014481:United States