This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Citation Map Services Email this article to a friend Similar articles in this journal Similar articles in PubMed Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by McCue, M. J. Articles by Thompson, J. M. Search for Related Content PubMed PubMed Citation Articles by McCue, M. J. Articles by Thompson, J. M. Social Bookmarking                         What's this?

Operational and Financial Performance of Newly Established Hospices

Department of Health Administration, Virginia Commonwealth University, Medical College of Virginia Campus, Box 980203, Richmond, VA 23298-0203mccue{at}hsc.vcu.edu

Jon M. Thompson, PhD

Health Services Administration Program, James Madison University, Harrisonburg, Virginia

The objective of the study was to examine the financial and operating performance of newly established, free- standing hospices relative to existing, freestanding hospices. A nonparametric median test was used to compare the median values of operating and financial performance measures between newly established hospices and existing hospices. Operating and financial data were measured for the 2 groups using cost report data from the Centers for Medicare and Medicaid Services. The authors sampled 44 new, freestanding hospices and selected 312 freestanding existing hospices and analyzed their data over 2 years from 2002 to 2003. The study found that 91% of these new hospices were owned by for-profit organizations and were located in the southern region of the United States. New hospices served fewer patients; however, they had a longer length of stay compared to existing hospices. They offered fewer imaging services and radiation therapy services. New hospices generated significantly higher revenue but incurred significantly higher expenses. The results suggest that longer lengths of stay allow these newer hospices to increase revenue and improve overall profitability.

American Journal of Hospice and Palliative Medicine®, Vol. 23, No. 4, 259-266 (2006)
DOI: 10.1177/1049909106290245


CiteULike    Complore    Connotea    Del.icio.us    Digg    Reddit    Technorati    Twitter    What's this?

This article has been cited by other articles:

				The Debate in Hospice Care J. Oncol. Pract, May 1, 2008; 4(3): 153 - 157. [Full Text] [PDF]