Comparing The Financial Impact Of Several Hospitals On Their Local Markets

Keywords

contribution rate; employee size; financial impact; hospital; local economy

Abstract

Several studies that measured the financial impact of hospitals on their local markets are examined. Descriptive analyses were performed to ascertain if there are any identifying characteristics and emerging patterns in the data. After hospitals were categorized into small, medium, and large classifications based on the number of employees, various predictive insights were discovered. Smaller hospitals could be expected to contribute approximately 7.3% to the local economy, whereas medium-sized hospitals would likely contribute approximately 11.4% to the financial value of the local market. Finally, larger hospitals may contribute approximately 16% to their local economies.

Publication Date

1-1-2017

Publication Title

Health Care Manager

Volume

36

Issue

1

Number of Pages

42-49

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1097/HCM.0000000000000144

Socpus ID

85007226863 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/85007226863

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