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Converted for-profit hospitals improved revenues, not outcomes
Hospitals that converted to a for-profit model showed financial improvements but no changes in outcomes, according to a new investigation.Researchers examined 237 hospitals from 2003 to 2010 that converted to a for-profit model and found that those hospitals were more likely to be small to medium in size, located in the South, in an urban or suburban region and were less likely to be teaching institutions. The hospitals were matched with 631 control hospitals that served 4,828,138 patients vs. 1,843,764 patients in the converting hospitals with common comorbidities such as (Read more...)