Developing financial benchmarks for critical access hospitals.
This study developed and applied benchmarks for five indicators included in the CAH Financial Indicators Report, an annual, hospital-specific report distributed to all critical access hospitals (CAHs). An online survey of Chief Executive Officers and Chief Financial Officers was used to establish benchmarks. Indicator values for 2004, 2005, and 2006 were calculated for 421 CAHs and hospital performance was compared to the benchmarks. Although many hospitals performed better than benchmark on one indicator in 1 year, very few performed better than benchmark on all five indicators in all 3 years. The probability of performing better than benchmark differed among peer groups.
Pink
George H
GH
Cecil G. Sheps Center for Health Services Research, University of North Carolina at Chapel Hill, NC 27599, USA. gpink@email.unc.edu
Holmes
George M
GM
Slifkin
Rebecca T
RT
Thompson
Roger E
RE
D019985:Benchmarking; D016542:Chief Executive Officers, Hospital; D004469:Economics, Hospital / Q000592:standards*; D017598:Efficiency, Organizational / Q000191:economics*; D004636:Emergency Service, Hospital / Q000191:economics*; D019538:Health Care Surveys; D019984:Quality Indicators, Health Care; D011795:Surveys and Questionnaires; D014481:United States