Strategies of High-Performing Teaching Hospitals. Issue 2 (3rd April 2018)

• Record Type: Journal Article
• Authors: Langabeer, James R.; Lalani, Karima H.; Yusuf, Rafeek A.; Helton, Jeffrey R.; Champagne-Langabeer, Tiffany
• Is Part Of: Hospital topics. Volume 96:Issue 2(2018)
• Page Start: 54
• Page End: 60
• Publication Date: 2018-04-03
• Subjects: Teaching hospital -- financial performance -- business strategy; Hospitals -- Administration -- Periodicals; Hospitals -- Periodicals; 362.11068
• DOI: 10.1080/00185868.2017.1416962
• Languages: English
• ISSNs: 0018-5868

Abstract

ABSTRACT: Teaching hospitals are large and complex, and under constant financial pressure. In this study, we examine the financial performance of 80 large teaching hospitals in the 20 largest cities in the U.S. over the last five years, to identify which strategic and operational management factors separate high-performing hospitals from lower-performing ones. Results suggest that growth strategies should continue to be sought for improving long-term financial condition. Operational efficiency was less important than market share, economic status of surrounding community, hospital size, and teaching intensity. This study's findings should help guide strategic planning for teaching hospitals.