Using Ratios to Measure Hospital Financial Performance: Can the Process be Simplified?-Reference-Cited by-同舟云学术

Using Ratios to Measure Hospital Financial Performance: Can the Process be Simplified?

Published:1988-11 Issue:3 Volume:1 Page:173-180
ISSN:0951-4848
Container-title:Health Services Management Research
language:en
Short-container-title:Health Serv Manage Res

Author:

Counte Michael A.¹,Glandon Gerald L.¹,Holloman Karen¹,Kowalczyk James²

Affiliation:

1. Department of Health Systems Management, Rush-Presbyterian-St Luke's Medical Center, Chicago, Illinois

2. Illinois Hospital Association, The Center for Health Affairs, Naperville, Illinois

Abstract

Evaluation of a hospital's financial condition is often contingent upon the analysis of financial ratios. This study of 114 Illinois hospitals sought to simplify the financial assessment process by exploring the empirical dimensions that underlie 25 financial ratios. Results of a factor analytic solution suggest that there are five underlying factors which account for approximately 77% of the total variance. Uses of summative scaled measures in health services financial management and research are discussed.

Publisher

SAGE Publications

Subject

Health Policy

Link

http://journals.sagepub.com/doi/pdf/10.1177/095148488800100306

Reference25 articles.

1. Problems in the Measurement of Organizational Effectiveness

2. Measurement of Business Performance in Strategy Research: A Comparison of Approaches

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