Benchmarking hospital financial performance using audited financial statements is fairly easy since all hospitals operate under the same financial disclosure rules.

Question

Quizplus · Accepted Answer

Obtaining financial statements for benchmark comparisons with other hospitals is very difficult. For-profit, or publicly traded, firms are required to disclose their statements to the public as a condition of being listed on a stock exchange, but most hospitals are nonprofit and so are not regulated by the same rules.

Benchmarking Hospital Financial Performance Using Audited Financial Statements Is Fairly