Profitability: comparing hospital results with other industries.
Changes in healthcare economics now permit more meaningful financial comparisons between hospitals and other industries. A study focusing on return on equity and other financial ratios highlighted critical changes needed to improve the fiscal health of hospitals. These suggestions include increasing net prices on existing product lines, entering new markets, using short-term debt to relieve long-term debt burdens, and expanding uses of operating leases.
Cleverley
W O
WO
Ohio State University, Columbus.
Harvey
R K
RK
D005375:Financial Audit; D005376:Financial Management; D005377:Financial Management, Hospital; D007182:Income / Q000706:statistics & numerical data*; D007221:Industry / Q000191:economics*; D007449:Investments / Q000191:economics*; D010934:Planning Techniques; D011210:Power Plants; D014186:Transportation; D014481:United States