Accounting based risk measures for not-for-profit hospitals.
This paper discusses the issues involved with determining an appropriate discount rate for not-for-profit hospitals and develops a method for computing measures of systematic risk based on a hospital's own accounting data. Data on four hospital management companies are used to demonstrate the method. Results indicate the need for sensitivity analysis in the selection of estimation methods and in the final determination of a discount rate.
D000066:Accounting / Q000379:methods*; D003862:Depreciation; D006761:Hospitals; D006777:Hospitals, Proprietary / Q000191:economics*; D006788:Hospitals, Voluntary / Q000191:economics*; D007182:Income; D012308:Risk Management / Q000191:economics*; D014481:United States