Does Hospital Diversification Improve Financial Outcomes?
Does Hospital Diversification Improve Financial Outcomes?
复制标题
医院多元化能否改善财务状况?
DOI:
10.1097/00005650-198710000-00007
复制
发表时间:
1987
期刊:
影响因子:
3
通讯作者:
J. Clement
中科院分区:
文献类型:
--
作者:
J. Clement
Service or product diversification is a popular recommendation made to hospitals to increase profitability and reduce financial risk as they face a more hostile environment. This paper presents results from an empirical study of these claims. Using data from all California nonprofit hospitals, the study finds that diversification, regardless of whether it is related or unrelated to preexisting services, is not associated with either increased profitability or reduced financial risk. However, other variables that do have these effects are identified in the research. Future research should evaluate the effect of both the size of and the length of time since the initial diversifying investment on financial variables.