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Valuation as a criterion in not-for-profit decision-making
Health Care Management Review
|February 6, 1977
Summary
Financial valuation is crucial for healthcare management decisions. Applying financial valuation ensures continued community service and institutional economic survival.
Area of Science:
- Health Services Management
- Health Economics
- Healthcare Finance
Background:
- Traditional healthcare management decisions often overlook financial valuation.
- The healthcare sector has historically underutilized financial assessment tools.
Purpose of the Study:
- To highlight the importance of financial valuation in healthcare management.
- To advocate for the integration of financial valuation for institutional sustainability.
Main Methods:
- Review of management principles in industry and healthcare.
- Analysis of the role of financial valuation in decision-making.
Main Results:
- Financial valuation provides essential data for strategic healthcare management.
- Incorporating financial valuation supports both community service continuity and economic viability.
Conclusions:
- Financial valuation is a key input for sound healthcare management decisions.
- Implementing financial valuation strategies is vital for the long-term survival of healthcare institutions.