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Results for “Hospitals, Proprietary”

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At least 19 recordsLinked to original sources
PubMed1984

Interstate variations in the growth of chain-owned proprietary hospitals, 1973-1982.

Proprietary hospital chains are now the predominant, and the fastest growing, segment of the for-profit sector of the hospital industry. This paper examines the relationships between the growth patterns of proprietary hospital chains and state-level variations in a number of demographic and economic factors related to health care. Results indicate that increases in the market share of proprietary chains are greatest in states that have the greatest increases in population, per capita income, and insurance coverage and that already have large proprietary market shares of beds. The growth behavior of proprietary chains thus appears to be highly consistent with standard market behavior.

Data Collection↗
PubMed1988

A profile of preacquisition proprietary hospitals.

A study was conducted to compare the financial, hospital, and market characteristics of proprietary hospitals prior to their acquisition by investor-owned hospital chains to free-standing proprietary hospitals and not-for-profit preacquisition hospitals.

Diagnosis-Related Groups↗
PubMed1985

Proprietary hospitals in cost containment.

Any effort to control the rise in health care costs must start with analyzing the causes, which are really quite simple. Most cost control efforts fail because they do not address the causes. The causes are large subsidies in several forms that send a false message that health care is free and should be used abundantly, and expansive reimbursement programs that reward inefficient providers with higher payments. This combination of demand stimulation and cost-plus reimbursement produced the world's most expensive health care delivery system and strident calls for reform. A long overdue change in public policy took effect October 1, 1983, when Medicare payments moved from cost-plus reimbursement to fixed, prospectively determined prices. Because it addressed one of the causes of medical inflation, this change has been effective in slowing the rise in Medicare expenditures. Sponsorship of a hospital is not a determinant of its cost-effectiveness. There are examples of efficient and inefficient hospitals in both the voluntary and the investor-owned or taxpaying hospitals. The determining factor is the will of management to keep costs under control.

Cardiology↗
PubMed1985

The proprietary hospital industry: a financial analysis 1972-1982.

This paper evaluates the performance of both specific firms within the American for-profit hospital industry and the industry as a whole. First, traditional financial analysis is used to evaluate individual publicly traded for-profit chains. Then, industry performance from 1973 to 1982 is evaluated using a set of measures based on Modern Portfolio Theory. The traditional financial analysis indicates that the industry seems increasingly profitable as well as increasingly healthy from the perspective of utilizing its assets and reducing its collection period. However, the industry's rapid growth rate has strained its ability to use additional debt funding and has created a potentially dangerous liquidity position. Measures based on Modern Portfolio Theory indicate that the average return of the industry has improved over the past 5 years. However, its risk has also increased. Nevertheless, the increase in risk is more than offset by the increased average return. In addition, recent legislation designed 'to reward the efficient' has introduced a significant degree of uncertainty into the industry's performance for the coming years. Thus, hospitals' ability to maintain the substantial profitability and rate of growth they have experienced over the past decade will depend on how well they will adapt to the changing environment.

Cost Control↗