3 ms·
A hospital's margins are only 1-2%? Do you have a source for that? Maybe they can pull that off by paying themselves all the profits, but there's no way that I
by ericd 15y ago
A hospital's margins are only 1-2%? Do you have a source for that?
Maybe they can pull that off by paying themselves all the profits, but there's no way that I buy that hospitals have thinner margins than grocery stores before that. Hospital administrators are very well off on average. Their fees are way too large to be running so close to the wire, given their expenses.
- seehafer 15y agoDo you have a source for the expenses that the average hospital incurs?
- shirederby 15y agoI was curious about this, so I searched around a bit. This is the most recent I found -- a median of 3.1 percent: http://www.reuters.com/article/2009/08/19/us-hospitals-usa-idUSTRE57I0IS20090819 http://www.reuters.com/article/2009/08/19/us-hospitals-usa-i...
- ericd 15y agoInteresting. I wonder how much of their operating expense is due to administrator salaries. A breakdown of expenses throughout hospitals and the health system would be really fascinating to see, and could probably shed light on potential solutions.