Multicentre methodological study to create a publicly available score of hospital financial standing in the USA.

ABSTRACT:

Objectives

To create a straightforward scoring procedure based on widely available, inexpensive financial data that provides an assessment of the financial health of a hospital.

Design

Methodological study.

Setting

Multicentre study.

Participants

All hospitals and health systems reporting the required financial metrics in the USA in 2017 were included for a total of 1075 participants.

Interventions

We examined a list of 232 hospital financial indicators and used existing models and financial literature to select 30 metrics that sufficiently describe hospital operations. In a set of hospital financial data from 2017, we used principal coordinate analysis to assess collinearity among variables and eliminated redundant variables. We isolated 10 unique varia

SUBMITTER: Zinoviev R 

PROVIDER: S-EPMC8311305 | biostudies-literature | 2021 Jul

REPOSITORIES: biostudies-literature