The influence of hospital integration on hospital financial performance.
A clinical and functional integration strategy has a positive influence on increasing hospital revenue, and a solely functional integration strategy has a negative influence on increasing hospital expenses. Functional integration and clinical/functional integration strategies have a positive influence on hospital profit and the overall operations of the hospital. The mechanism of influence differs, however, based on the strategy used. Clinical/functional strategy has an impact on increasing hospital revenue, while functional integration strategy has an impact on reducing hospital expenses. Overall, the study shows that a functional integration strategy is more profitable than a clinical/functional integration strategy.
Kim
Yang K
YK
Department of Health Services Management, School of Business, Kyung Hee University, Seoul, Korea.
Stoskopf
Carleen H
CH
Glover
Saundra H
SH
Park
Eun C
EC
D019033:Delivery of Health Care, Integrated / Q000191:economics*; D005377:Financial Management, Hospital / Q000706:statistics & numerical data*; D008329:Managed Care Programs; D014481:United States