Hospital ownership and financial performance: a quantitative research review
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Authors
Shen, Yu-Chu
Eggleston, Karen
Lau, Joseph
Scmid, Christopher
Subjects
hopsital ownership
financial performance
financial performance
Advisors
Date of Issue
2005-09
Date
Publisher
National Bureau of Economic Research
Language
Abstract
We apply meta-analytic methods to conduct a quantitative review of the empirical literature since 1999 comparing financial performance of US for-profit, not-for-profit, and government-owned general acute hospitals. We find that tthe diverse results in the hospital ownership literature can be explained largely by differences in authors' underlying theoretical frameworks, assumptions about the functional form of the dependent variables, and model specifications. Weaker methods and functional forms tend to predict larger differences in financial performance between not-for-profits and for-profits. The combined estimates across studies suggest little difference in cost among all three types of hospital ownership, and that for-profit hospitals generate more revenue and greater profits than not-for-prorfits hospitals, alhough the difference is only of modest economic significance. There is little difference in revenue or profits between government and not-for-profit hospitals.
Type
Book
Description
Series/Report No
Department
Graduate School of Business & Public Policy (GSBPP)
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
NBER Working Paper No. 11662
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.