Abstract
Hospitals are the largest single component of healthcare expenditures. Nancy Kane’s study of hospital financial performance fulfills a mandate of Maine’s Dirigo Health Reform Act. By most financial measures, Maine’s hospital industry outperformed hospitals nationwide and in the Northeast during 1993-2003. Still, there is major variability among the state’s hospitals in financial performance. Kane analyzes financial and non-financial characteristics of high-, medium-, and low-performing hospitals, and suggests that not maintaining acute inpatient volume is the biggest problem for low-profitability hospitals. Although no hospital is in imminent danger of failing, Kane suggests a new “blueprint” is needed for Maine’s healthcare system, before financial crisis and loss of access occurs.
First page
36
Last page
51
Recommended Citation
Kane, Nancy. "Financial Performance of Hospitals in Maine, 1993-2003." Maine Policy Review 13.2 (2004) : 36 -51, https://digitalcommons.library.umaine.edu/mpr/vol13/iss2/8.
