Cash holdings of not-for-profit hospitals.

Q4 Medicine

Journal of Health Care Finance Pub Date : 2011-01-01

Howard L Rivenson, Kristin L Reiter, John R C Wheeler, Dean G Smith

引用次数: 0

Abstract

Many not-for-profit (NFP) hospitals hold substantial cash reserves. Using a national sample of 608 NFP hospitals over the period 1996-1999, we related theories of cash holdings to NFP hospitals to develop a conceptual framework for understanding cash holdings. We tested whether these hospitals differentially managed operating and strategic cash with respect to establishing target balances and investigated motivations for holding cash. NFP hospitals actively targeted levels of operating cash, but did not target strategic cash balances. Strategic cash balances were positively related to profitability and growth in assets, but negatively associated with the use of debt.

本刊更多论文

非牟利医院的现金持有量。

许多非营利医院持有大量现金储备。利用1996-1999年间608家NFP医院的全国样本，我们将现金持有理论与NFP医院联系起来，以建立一个理解现金持有的概念框架。我们测试了这些医院是否在建立目标余额方面对运营现金和战略现金进行了不同的管理，并调查了持有现金的动机。NFP医院积极以经营现金水平为目标，但没有以战略现金余额为目标。战略现金余额与盈利能力和资产增长呈正相关，但与债务的使用负相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Health Care Finance Medicine-Health Policy

CiteScore

1.70

自引率

0.00%

发文量

期刊介绍： The Journal of Health Care Finance is the only quarterly journal devoted solely to helping you meet your facility"s financial goals. Each issue targets a key area of health care finance. Stay alert to new trends, opportunities, and threats. Make easier, better decisions, with advice from industry experts. Learn from the experiences of other health care organizations. Experts in the field share their experiences on successful programs, proven strategies, practical management tools, and innovative alternatives. The Journal covers today"s most complex dollars-and-cents issues, including hospital/physician contracts, alternative delivery systems, generating maximum margins under PPS.