A balanced perspective: using nonfinancial measures to assess financial performance.
Assessments of hospitals' financial performance have traditionally been based exclusively on analysis of a concise set of key financial ratios. One study, however, demonstrates that analysis of a hospital's financial condition can be significantly enhanced with the addition of several nonfinancial measures, including case-mix adjusted admissions, case-mix adjusted admissions per full-time equivalent, and case-mix adjusted admissions per beds in service.
Watkins
Ann L
AL
Department of Accounting, Bryan School of Business, University of North Carolina at Greensboro, N.C., USA. alwatki2@uncg.edu
D003953:Diagnosis-Related Groups; D017598:Efficiency, Organizational; D005377:Financial Management, Hospital / Q000592:standards*; D008330:Management Audit; D014481:United States