Measurement of Hospital Performance And Implications for Accounting
Measurement of Hospital Performance And Implications for Accounting
H David Sherman
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Such disclosure would be much more detailed than corporate line of business data because the latter tends to incorporate a wider group of activities, products and/or services in each segment category than is proposed here for hospitals. For example, all hopsital s owned by chain FPs are reported as one line of business. This proposal would require further segregation of these activities. 6. Management Discussion and Analysis : The S. E. C. Corporate reporting standards require the management di...scussion and analysis to help readers segregate price increases from volume changes, understand changes in operating cost levels, understand impact of inflation and assess the organization's short- and long-term liquidity pressures. Similar disclosures are needed for hospitals to make a comparison more meaningful. 7. Government-owned Hospital Reporting - Hospital reporting requirements should explicitly include government non-profit hospitals. Close cooperation between the Financial Accounting Standards Board and the Government Accounting Standards Board is required to assure reporting consistency accross all non-profit and for profit hospitals.
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