The not-for-profit dilemma: business approach or bankruptcy?
Not-for-profit hospitals are facing a lack of access to capital, management skills for a competitive marketplace, and boards that find it difficult to wear business hats in their decision-making processes. They must act now. If not-for-profits do not overcome their one-room school house syndrome of local control, give up autonomy to form national networks, and create new ways to generate capital, they will lose quality of care, and for-profits or government will assume healthcare leadership in our country. The following article addresses this dilemma.
D003132:Commerce; D004465:Economic Competition; D004469:Economics, Hospital; D006754:Hospital Restructuring / Q000191:economics; D006788:Hospitals, Voluntary / Q000191:economics*; D009096:Multi-Institutional Systems / Q000458:organization & administration*; D014481:United States