Does quality of care lead to better financial performance?: the case of the nursing home industry.
The study describes the relationship between quality of care and financial performance (operating profit margin) as it pertains to the nursing home industry. We found that nursing homes that produce better outcomes and process of care were able to achieve lower patient care costs and report better financial performance.
Weech-Maldonado
Robert
R
Department of Health Policy & Administration, Pennsylvania State University, University Park, Pennsylvania, USA. rxw25@psu.edu
Neff
Gerald
G
Mor
Vince
V
D017598:Efficiency, Organizational; D005376:Financial Management / Q000592:standards*; D006302:Health Services Research; D006801:Humans; D009735:Nursing Homes / Q000191:economics* / Q000592:standards*; D010043:Outcome and Process Assessment, Health Care; D011787:Quality of Health Care; D014481:United States