![]() “They tried to change things, but it was surprising that the effects were either not there or negative from a profit standpoint for the parent organization,” said Raffaella Sadun, a business administration professor at Harvard University. ![]() While the combined system improved their electronic medical records, prices rose by 37% at hospitals operated by the parent company and there was a negligible impact on care quality, the working paper published in the National Bureau of Economic Research revealed. The acquirer’s hospital margins decreased by 3.3 percentage points as cost inflation outpaced revenue growth, according to a peer-reviewed analysis of a 2007 merger involving more than 100 hospitals that tracked financial, management and quality data over an eight-year period. A merger between large, successful, for-profit hospital chains didn’t produce significant gains in profitability or health outcomes, new research shows.
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