A Market, Operation, and Mission Assessment of Large Rural For-Profit Hospitals with Positive Cash Flow

Autor/in	McCue, Michael J.
Titel	A Market, Operation, and Mission Assessment of Large Rural For-Profit Hospitals with Positive Cash Flow
Quelle	In: Journal of Rural Health, 23 (2007) 1, S.10-16 (7 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0890-765X
DOI	10.1111/j.1748-0361.2006.00062.x
Schlagwörter	Costs; Nonprofit Organizations; Hospitals; Educational Finance; Operating Expenses; Rural Areas; Comparative Analysis; Regression (Statistics); Money Management; Administration + Suchen Sie Ihr Suchwort? Cost; Kosten; Nonprofit-Organisation; Krankengymnast; Krankenhaus; Bildungsfonds; Betriebskosten; Rural area; Ländlicher Raum; Regression; Regressionsanalyse; Verwaltung
Abstract	Context: National benchmark data for 2002 indicate that large rural for-profit hospitals have a median cash flow margin of 19.5% compared to 9.2% for their nonprofit counterparts. Purpose: This study aims to gain insight regarding the driving factors behind the high cash flow performance of large rural for-profit hospitals. Methods: Using 3 annual periods of Centers for Medicare and Medicaid cost report data with the last fiscal year ending between September 30, 2002, and August 30, 2003, the study found a cash flow margin of 21.5% for the large rural for-profit hospitals. All these facilities were owned by hospital management companies. To assess their underlying market, operational, and mission factors, these hospitals were compared to a similar comparison group of large rural nonprofit hospitals that are system owned and have positive cash flows. Findings: Using logistic regression analysis, the study found lower operating expense per adjusted discharge and salary expense as a percentage of total operating expense among large rural for-profit, system-owned hospitals with positive cash flows relative to nonprofits with similar traits. Conclusion: Overall, the findings of this study reflect how these for-profit hospitals, which are owned by hospital management companies, focus on controlling their labor costs as well as operating costs per discharge in order to achieve a greater positive cash flow position. (Author).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10