Open AccessTrends in asset structure of California hospitals during financial crisis
Author(s) -
Jinhyung Lee
Publication year - 2013
Publication title -
journal of hospital administration
Language(s) - English
Resource type - Journals
eISSN - 1927-7008
pISSN - 1927-6990
DOI - 10.5430/jha.v2n3p126
Subject(s) - financial crisis , business , asset (computer security) , finance , investment (military) , profit (economics) , financial structure , financial system , economics , computer security , politics , computer science , political science , law , macroeconomics , microeconomics
The recent financial crises affected US economy as well as healthcare industry. However, how this financial crisis affected the asset investment trend in the hospitals has not paid attention. Thus, this study describes and analyzes the asset investment structure across hospital ownership and size before and after financial crises using California hospitals data from 2005 to 2010. This paper finds that hospitals’ asset structure is significantly different based on ownership and size. Not-for-profit hospitals experience significant drop in financial asset during financial crisis and large not-for-profit hospitals also showed significant changes in fixed and financial assets.