Problems
with Oversight
Hospital Profitability
In non-competitive markets don’t expect excess profits to be returned to the consumer as opposed to the stockholder, employees or “reserve funds”.The chief operational officer of a large metropolitan hospital said in 2003, when Phyllis Griekspoor of the Wichita Eagle confronted him with his facility's large profit margin as compared to other hospitals:"Why would we penalize ourselves for our own efficiency? The real question is: Why can't other hospitals lower their costs?"
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