Strategies for Improving Profitability of Rural Hospitals: Are Profitable Hospitals Doing Something Different?

Bettye Apenteng; Angela Peden; Raymona Lawrence; Emmanuel Akowuah; Samuel Opoku; James H. Stephens; Bill Mase

Strategies for Improving Profitability of Rural Hospitals: Are Profitable Hospitals Doing Something Different?

Bettye Apenteng, Angela Peden, Raymona Lawrence, Emmanuel Akowuah, Samuel Opoku, James H. Stephens, Bill Mase

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Abstract

THE TOP FIVE STRATEGIES adopted by rural hospitals for the purposes of improving financial performance included improving patient satisfaction and care experience, adding new service lines or expanding existing service lines, community outreach, employee engagement, and physician engagement. Profitable hospitals were more likely than other hospitals to have implemented cost-cutting and internal and external stakeholder engagement strategies.

Background

Nationwide, hospitals, as well as policy makers, are exploring strategies for improving the financial viability of rural hospitals. These efforts are in response to the critical need for sustainable hospital infrastructure in rural America and the negative impact the lack thereof can have on rural health. This study sought to describe efforts undertaken by rural hospitals to improve financial sustainability.

Original language	American English
Specialist publication	August 2017 Brief Report
State	Published - Aug 1 2017

Keywords

Rural hospital
profitability

DC Disciplines

Public Health

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Strategies for Improving Profitability of Rural Hospitals: Are PrFinal published version, 1.17 MBLicense: CC BY

Cite this

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AU - Apenteng, Bettye

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AU - Lawrence, Raymona

AU - Akowuah, Emmanuel

AU - Opoku, Samuel

AU - Stephens, James H.

AU - Mase, Bill

PY - 2017/8/1

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AB - THE TOP FIVE STRATEGIES adopted by rural hospitals for the purposes of improving financial performance included improving patient satisfaction and care experience, adding new service lines or expanding existing service lines, community outreach, employee engagement, and physician engagement. Profitable hospitals were more likely than other hospitals to have implemented cost-cutting and internal and external stakeholder engagement strategies. Background Nationwide, hospitals, as well as policy makers, are exploring strategies for improving the financial viability of rural hospitals. These efforts are in response to the critical need for sustainable hospital infrastructure in rural America and the negative impact the lack thereof can have on rural health. This study sought to describe efforts undertaken by rural hospitals to improve financial sustainability.

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M3 - Article

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ER -

Strategies for Improving Profitability of Rural Hospitals: Are Profitable Hospitals Doing Something Different?

Abstract

Keywords

DC Disciplines

UN SDGs

Access to Document

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