Knowledge@Wharton November 18, 2024
A new paper explores the corporatization of independent hospitals and how it affects profitability and quality of care.
Most Americans are scared of hospital bills, even if they are insured. But few may go as far as to check who owns these facilities, or if they have a new owner. A new paper by experts at Wharton and elsewhere has found that a rapid increase in corporate ownership of hospitals in recent years has redefined their business models and how they price their services.
According to the paper, corporatization of hospitals — also called “system ownership” — has delivered higher profitability with higher prices and reduced operational expenses. Titled “The Corporatization of Independent Hospitals,” the paper is authored by Wharton...
Today's Sponsors
Today's Sponsor