Cleverley W O
Ohio State University, Columbus 43201.
Hosp Health Serv Adm. 1990 Summer;35(2):173-87.
This article provides an analysis of key differences between a small sample of high-performing and low-performing hospitals where performance was defined as return on equity. Some of the more significant findings were: (1) high-performing hospitals achieve their superior performance through cost control rather than higher prices; (2) high-performing hospitals minimize their investment in plant assets and accounts receivable. They are also likely to have a newer plant than low-performing hospitals; (3) high-performing hospitals are not afraid to use debt in their capital structure, but they use significantly less debt than low-performing hospitals; (4) high-performing hospitals have set aside greater reserves for future plant replacement, which helps them to keep their level of debt reasonable and generates significant amounts of investment income; and (5) high-performing hospitals have greater market share than low-performing hospitals.
本文分析了一小部分表现出色和表现不佳的医院之间的关键差异，其中医院表现定义为净资产收益率。一些较为显著的发现如下：（1）表现出色的医院通过成本控制而非提高价格来实现卓越表现；（2）表现出色的医院将其在固定资产和应收账款上的投资降至最低。它们的设备也可能比表现不佳的医院更新；（3）表现出色的医院并不惧怕在其资本结构中使用债务，但它们使用的债务比表现不佳的医院要少得多；（4）表现出色的医院为未来设备更换留出了更多储备金，这有助于它们保持合理的债务水平并产生大量投资收入；（5）表现出色的医院比表现不佳的医院拥有更大的市场份额。
