Published by:
Harvard Business Publishing
Length: 14 pages
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https://casecent.re/p/47421
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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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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.