Related Experiment Video
Updated: Mar 9, 2026
06:16
Signal Acquisition, Score Interpretation, and Economics of a Non-Invasive Point-of-Care Test for Coronary Artery Disease
Published on: August 9, 2024
1.0K
Comparing the Financial Impact of Several Hospitals on Their Local Markets
Timothy Rotarius1, Aaron Liberman
1Author Affiliations: Health Management and Informatics, University of Central Florida, Orlando.
The Health Care Manager
|December 23, 2016
Summary
This study analyzed the economic impact of hospitals, finding that their contribution to local economies increases with size. Larger hospitals provide a greater financial boost to their communities compared to smaller or medium-sized facilities.
Area of Science:
- Health Economics
- Hospital Financial Impact
Background:
- Hospitals are significant economic drivers in local markets.
- Understanding their financial contribution is crucial for community development.
Purpose of the Study:
- To examine the financial impact of hospitals on their local markets.
- To identify patterns and characteristics related to hospital size and economic contribution.
Main Methods:
- Descriptive analyses of existing studies.
- Categorization of hospitals into small, medium, and large based on employee numbers.
Main Results:
- Smaller hospitals contribute approximately 7.3% to the local economy.
- Medium-sized hospitals contribute approximately 11.4%.
- Larger hospitals contribute approximately 16%.
Conclusions:
- Hospital size is a key factor in its local economic impact.
- Economic contributions scale with hospital size, with larger institutions having a more substantial effect.
More Related Videos
Related Concept Videos
01:28Hospitals-I
1.9K
Hospitals offer medical and surgical care to the sick and injured, along with accommodation while they recover. At the same time, they also provide outpatient, emergency, psychiatric, and rehabilitation services to meet various community needs. In addition to providing medical care, hospitals also act as hubs for medical research and training. Hospitals use clinical procedures and evidence-based practice standards to deliver patient care. To deliver safe and efficient care, a nurse must stay up...
1.9K
01:29Issues And Trends In Healthcare Delivery System
6.3K
The issues and trends in healthcare delivery are constantly changing. The COVID-19 pandemic is one recent issue that wreaked havoc on healthcare systems, causing a shortage of healthcare workers, high demand for medicines and supplies, and increased medical expenditure due to a lack of insurance. Other issues include rising healthcare costs and care fragmentation.
Cost Containment
Payment for healthcare services has historically promoted adoption of costly and often unnecessary or inefficient...
Cost Containment
Payment for healthcare services has historically promoted adoption of costly and often unnecessary or inefficient...
6.3K
00:59Hospitals-II
1.2K
Hospitals provide inpatient and outpatient services. Inpatient services provide care to patients that stay in the hospital for an extended period, ranging from days to months. Examples of inpatient services include intensive care units, hospital wards, or surgeries. Outpatient services provide care to patients who come to a hospital for a diagnostic or treatment but do not stay overnight —for example, diagnostic tests, surgical procedures, or health education.
Nurses that work in...
Nurses that work in...
1.2K
01:30Health Information Technology and Healthcare Information System
3.5K
Health Information Technology (HIT)
Health Information Technology, commonly called HIT, integrates advanced information systems and technology in healthcare settings. Its primary functions include:
Health Information Technology, commonly called HIT, integrates advanced information systems and technology in healthcare settings. Its primary functions include:
3.5K
01:22Healthcare Associated Infections II: Preventive Measures
4.6K
Essential infection prevention measures are based on the knowledge of the infection chain, the modes of transmission in healthcare settings, and the use of the best practices in all healthcare settings. Compulsory public reporting of healthcare-associated infection rates is needed to allow individuals and the community to make informed choices regarding selecting a healthcare facility.
The best practices for preventing healthcare-associated infections include hand hygiene, patient risk...
The best practices for preventing healthcare-associated infections include hand hygiene, patient risk...
4.6K
01:20Integrated Healthcare System
2.5K
An integrated healthcare system (IHS) is a set of organizations that provides for or arranges to provide coordinated and continuous service to a defined population. The IHS takes responsibility for that particular population's health status and outcome, both clinically and fiscally. An integrated healthcare system is a well-organized, well-coordinated, and collaborative network. The integrated delivery system is a network that connects different healthcare providers to deliver organized,...
2.5K