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- Title
Developing Financial Benchmarks for Critical Access Hospitals.
- Authors
Pink, George H.; Holmes, George M.; Slifkin, Rebecca T.; Thompson, Roger E.
- Abstract
This study developed and applied benchmarks for five indicators included in the CAH Financial Indicators Report, an annual, hospital-specific report distributed to all critical access hospitals (CAHs). An online survey of Chief Executive Officers and Chief Financial Officers was used to establish benchmarks. Indicator values for 2004, 2005, and 2006 were calculated for 421 CAHs and hospital performance was compared to the benchmarks. Although many hospitals performed better than benchmark on one indicator in 1 year, very few performed better than benchmark on all five indicators in all 3 years. The probability of performing better than benchmark differed among peer groups.
- Subjects
BUSINESS management of hospitals; HOSPITAL accounting; FINANCIAL planning; CRITICAL care medicine; MEDICAL care costs; FINANCIAL performance; BENCHMARKING (Management); FINANCIAL management; OPERATING leverage
- Publication
Health Care Financing Review, 2009, Vol 30, Issue 3, p55
- ISSN
0195-8631
- Publication type
Article