Competitive strategy for successful hospital management.
This study examined financial and operating data for approximately 1,000 U.S. hospitals categorized by Medicare as "large urban" to determine critical relationships between business strategy and financial performance. Cost control was found to be the most important factor influencing financial performance. Other factors of importance included market share, diversification, and financing policy.
Cleverley
W O
WO
Ohio State University, Columbus.
Harvey
R K
RK
D003363:Cost Control; D004465:Economic Competition; D005249:Fees and Charges; D005377:Financial Management, Hospital / Q000379:methods* / Q000706:statistics & numerical data; D006754:Hospital Restructuring / Q000191:economics; D006786:Hospitals, Urban / Q000191:economics*; D007182:Income / Q000706:statistics & numerical data*; D007449:Investments / Q000191:economics; D007857:Leadership; D008389:Marketing of Health Services / Q000191:economics; D011357:Product Line Management / Q000191:economics; D014481:United States