全球智库信息集成服务系统(G2TT): DP16650 The Financial Fragility of For-profit Hospitals: Evidence from the COVID-19 Pandemic

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16650
	DP16650 The Financial Fragility of For-profit Hospitals: Evidence from the COVID-19 Pandemic
	Ge Bai; Daniel Jiménez; Phillip Phan; Alessandro Rebucci; Xian Sun
发表日期	2021-10-20
出版年	2021
语种	英语
摘要	We estimate the likelihood of financial distress of U.S. hospitals in 2020 due to the COVID-19 pandemic using AHA Annual Survey data for 2011-2019 and smartphone mobility data for 2020. We find that while the average likelihood of distress across all hospitals is 28.53 % in 2020, slightly increasing from 2019, for-profit hospitals are much more likely to be distressed. Their average likelihood of financial distress is 39.13 %---a 6.93 percentage point increase from 2019. For-profit hospitals are the main providers of specialty health care services, such as psychiatric and acute long-term care, so their increased likelihood of distress poses a risk to service provision in these specialty areas, and particularly in rural communities. Our prediction model based on mobility data performs very well in sample against actual data and can potentially help policymakers and hospital administrators to monitor financial distress in real-time when case mixes change, or other large shocks materialize.
主题	Financial Economics ; Public Economics
关键词	Altman z-score Covid-19 Financial distress For-profit hospitals Mobility data Service provision
URL	https://cepr.org/publications/dp16650
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545589
推荐引用方式 GB/T 7714	Ge Bai,Daniel Jiménez,Phillip Phan,et al. DP16650 The Financial Fragility of For-profit Hospitals: Evidence from the COVID-19 Pandemic. 2021.