Do managerial efficiency and social responsibility drive long-term financial performance of not-for-profit hospitals before acquisition?
Due to steep declines in charitable support and reduced demand for traditional hospital services, economic goals are increasingly important to not-for-profit hospitals. Effects of efficient management and effective pursuit of not-for-profit status (for example, levels of Medicare, indigent patients, and unprofitable services) on financial viability are explored. While previous research compared hospitals of different ownership status, not-for-profit hospital operations before acquisition by for-profit hospital chains are investigated--"neutral ground" relative to ownership. Results suggest minor links between efficiency and long-term profitability despite effectiveness in pursuit of non taxable status.
Phillips
J F
JF
Southern Connecticut State University, New Haven, USA.
D001509:Bed Occupancy; D003953:Diagnosis-Related Groups; D017598:Efficiency, Organizational; D005377:Financial Management, Hospital; D006273:Health Facility Merger / Q000706:statistics & numerical data; D006788:Hospitals, Voluntary / Q000458:organization & administration* / Q000592:standards; D006801:Humans; D016018:Least-Squares Analysis; D007902:Length of Stay; D006278:Medicare / Q000706:statistics & numerical data; D012941:Social Responsibility; D014481:United States