Biomedical subjects
R W Furst
Publications and source records attributed to R W Furst.
Financial characteristics of hospitals purchased by investor-owned chains.
This article focuses on the preacquisition financial condition of not-for-profit hospitals acquired by investor-owned hospital chains. Financial ratios are used to determine if not-for-profit hospitals acquired by investor-owned hospital systems have common financial characteristics which make them a likely target for a takeover. The results indicate that during the time period studied, investor-owned hospital systems did tend to purchase hospitals with common financial characteristics and that these characteristics provide a reasonable description of a financially distressed hospital. This finding has important consequences for our health care delivery system.
State rate review and the relationship between capital expenditures and operating costs.
It is commonly assumed that an increase in capital expenditures leads to increased operating costs and a subsequent increase in rates, and thus that state rate review systems must incorporate certificate-of-need type controls over capital expenditures. The results of this study indicate that in those states with comprehensive rate review systems, increased capital expenditures may not lead to higher operating costs and rates; rather, increased wage rates are reflected in higher operating costs and rates. This pass-through of wages, and not capital costs, may have important policy implications.
The "success" of state rate review: view with caution.
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Capital management: estimating the return on equity capital.
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University of South Carolina offers healthcare graduate degrees.
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How hospital capital investment and operating costs relate.
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Hospital cost inflation and health insurance: a complex market model.
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Study shows ESP reduced hospitals' profitability.
A study of the Economic Stabilization Program's impact on North and South Carolina hospitals indicates potential effects of more government controls. The study results may be useful in appropriately informing and influencing those pressing for new cost containment legislation.
Should your hospital join a shared laundry?
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