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Full-Text Articles in Medicine and Health Sciences
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
Research & Practice Briefs
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 …