2011
DOI: 10.1002/hec.1750
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Ownership and Financial Sustainability of German Acute Care Hospitals

Abstract: This paper considers the role of ownership form for the financial sustainability of German acute care hospitals over time. We measure financial sustainability by a hospital-specific yearly probability of default (PD) trying to mirror the ability of hospitals to survive in the market in the long run. The results show that private ownership is associated with significantly lower PDs than public ownership. Moreover, path dependence in the PD is substantial but far from 100%, indicating a large number of improveme… Show more

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Cited by 20 publications
(14 citation statements)
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“…Augurzky et al [ 4 ] studied the differences between public, PFP and PNFP ownership types in German hospitals based on their probability of default (PD). According to the results, public hospitals tend to exhibit a PD that is significantly above average.…”
Section: Resultsmentioning
confidence: 99%
“…Augurzky et al [ 4 ] studied the differences between public, PFP and PNFP ownership types in German hospitals based on their probability of default (PD). According to the results, public hospitals tend to exhibit a PD that is significantly above average.…”
Section: Resultsmentioning
confidence: 99%
“…In Germany, 18 787 168 hospital treatments were conducted in 1 996 hospitals in 2013 [ 1 ]. Like in most countries, nearly half of the hospital beds are in public ownership with a growing number of privately owned hospitals [ 2 ]. The aim of the hospitals is to heal diseases, prevent deterioration of the patients, or alleviate disease symptoms through trained staff and adequate equipment.…”
Section: Introductionmentioning
confidence: 99%
“…En ella no se observa ningún artículo que relacione comportamiento empresarial con políticas de bienestar social. Los estudios encontrados hacen referencia a la aplicabilidad que el análisis basado en el coste efectividad que es utilizado en tecnologías médicas y farmacéuticas tiene en las practicas hospitalarias (Karnon et al, 2013); en otro sentido, hay estudios que analizan la influencia que la forma de la propiedad industrial tiene en la sostenibilidad financiera de los hospitales alemanes (Augurzky, Engel, Schmidt & Schwierz, 2012). También hay estudios sobre la influencia de las acciones de los gobiernos sobre la salud de las personas; en este sentido, -822-Intangible Capital -http://dx.doi.org/10.3926/ic.545 encontramos estudios que analizan si la implementación de la seguridad social ha supuesto un descenso de la mortalidad de la gente mayor (Chang, 2012).…”
Section: Carácter Multidisciplinar Del Conocimiento Del Sectorunclassified