Examining closure rates of rural hospitals: an assessment of a strategic taxonomy.
This article reports a study of rural hospital failure. Testing a model previously suggested by Drain and Godkin (1996), analysis incorporated four financial ratios used to graphically depict the external environment of a hospital or portfolio of hospitals relative to that of an average facility. Applied to a random sample of rural hospitals, the evidence supports the model's ability to exhibit clustering differences on five of seven selected structure-related variables, and trend activity for the group of hospitals that failed during the period under study.
Drain
M
M
Office of Institutional Research, Houston Community College System, Houston, Texas, USA.
Godkin
L
L
Valentine
S
S
D002391:Catchment Area, Health; D006271:Health Facility Closure / Q000191:economics / Q000706:statistics & numerical data*; D006297:Health Services Accessibility; D006301:Health Services Needs and Demand / Q000706:statistics & numerical data*; D006302:Health Services Research; D006752:Hospital Planning / Q000191:economics*; D006780:Hospitals, Rural / Q000191:economics / Q000706:statistics & numerical data / Q000600:supply & distribution*; D006801:Humans; D017059:Models, Econometric; D010934:Planning Techniques; D012931:Social Environment; D014481:United States