Does hospital financial performance measure up?
Comparisons are continuously being made between the financial performance, products and services, of the healthcare industry and those of non-healthcare industries. Several useful measures of financial performance--profitability, liquidity, financial risk, asset management and replacement, and debt capacity, are used by the authors to compare the financial performance of the hospital industry with that of the industrial, transportation and utility sectors. Hospitals exhibit weaknesses in several areas. Goals are suggested for each measure to bring hospitals closer to competitive levels.
Cleverley
W O
WO
Ohio State University, Columbus.
Harvey
R K
RK
D000067:Accounts Payable and Receivable; D002201:Capital Expenditures / Q000706:statistics & numerical data; D004526:Efficiency; D005377:Financial Management, Hospital / Q000379:methods*; D007182:Income / Q000706:statistics & numerical data*; D007449:Investments / Q000191:economics; D017059:Models, Econometric; D014481:United States