Innovative revenue generation.
Innovative revenue generation by Canadian hospitals is drawing increasing attention. After a critical examination of the literature, we classified these into six areas: clinical/diagnostic insured services, clinical/diagnostic non-insured services, hotel services, retail services, administrative services and financial activities. We concluded that many Canadian hospitals are engaging in innovative revenue generation activities, the success of such activities has been mixed, there are many factors to consider when selecting revenue generation activities, many aspects of innovative revenue generation involve sophisticated business and risk management skills not traditionally required in hospital management, and implementation of many such activities requires support from the hospital board, hospital staff and medical staff.
Pink
G H
GH
Department of Health Administration, Faculty of Medicine, University of Toronto.
Deber
R B
RB
Lavoie
J N
JN
Aserlind
E
E
D002170:Canada; D003132:Commerce / Q000639:trends; D005377:Financial Management, Hospital / Q000639:trends*; D006076:Government; D006748:Hospital Departments / Q000191:economics*; D006754:Hospital Restructuring / Q000191:economics; D007182:Income; D009936:Organizational Innovation; D010934:Planning Techniques; D011357:Product Line Management / Q000191:economics*; D012306:Risk