An analysis of hospital operations relative to length of stay metrics.
Written in 2008; 945 words; 3 sources; APA; $ 33.95
Paper Summary:
This paper uses various economic tools to discuss hospital operations relative to length of stay metrics. The paper concludes that hospitals can increase operating profits and margins by reducing length of stay strategically as a method to funnel patients to higher margin outpatient and diagnostic services.
Table of Contents:
Abstract
Overview
Analysis
Outcome
From the Paper:
"Another economic model that can be applied to community hospital operations is a demand curve which reveals at what point LOS decrease is most effective relative of hospital services usage rates overall. This is an important metric in hospital operations because in order to achieve and sustain profitability a hospital must elevate its use of services across the board including outpatient care and general medical visitations as opposed to relying fully on occupied hospital beds. This graph indicates at which occupancy rates LOS can be maximized squared by the number of overall patient admittances over a 6 month period."
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