Prince T R, Ramanan R
J.L. Kellogg Graduate School of Management, Northwestern University.
Health Care Manage Rev. 1994 Winter;19(1):64-73.
In this study, the operating performances of not-for-profit community hospitals are compared among groups partitioned by bond ratings, level of debt insurance coverage, and number of bond rating services. The analysis indicates that the performances of hospitals with full debt insurance coverage resulting in AAA ratings are significantly lower than those of hospitals with partial debt insurance and with AA ratings or better. Indeed, the hospitals with full debt insurance resemble those with partial insurance that are rated BBB to A. These findings have implications for managerial action choices. Hospitals seeking external funding to improve their operating performance may consider the costs and benefits of full insurance coverage.
在本研究中，我们比较了非营利性社区医院在按债券评级、债务保险覆盖水平和债券评级服务数量划分的不同组之间的运营表现。分析表明，债务保险全覆盖且评级为AAA的医院的表现显著低于部分债务保险且评级为AA或更高的医院。实际上，债务保险全覆盖的医院类似于那些评级为BBB至A的部分保险医院。这些发现对管理行动选择具有启示意义。寻求外部资金以改善运营表现的医院可能需要考虑全额保险覆盖的成本和收益。
