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Management article
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Reference no. 87111
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1987

Abstract

Some people believe that nonprofit hospitals provide better quality care to a wider range of patients at lower prices than for-profit hospitals. But the social subsidy we pay for nonprofits now outweighs any benefits they might offer, and for-profit organizations can do the job more effectively - and at a lower cost. A statistically valid study that looks at the performance of 14 major hospital chains shows that nonprofits do not automatically improve social welfare.

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Abstract

Some people believe that nonprofit hospitals provide better quality care to a wider range of patients at lower prices than for-profit hospitals. But the social subsidy we pay for nonprofits now outweighs any benefits they might offer, and for-profit organizations can do the job more effectively - and at a lower cost. A statistically valid study that looks at the performance of 14 major hospital chains shows that nonprofits do not automatically improve social welfare.

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