Changing Philosophies in Medical Care and the Rise of the Investor-Owned Hospital
Cunningham, Robert M.
New England Journal of Medicine. 1982 Sep 23; 307(13): 817-819.
The relationship between nonprofit hospitals and their investor-owned counterparts has been an uneasy one, marked by distrust of the profit motive on one side and criticism of inefficient business methods on the other. While the management philosophies of the two systems have gradually moved closer together, the question remains whether concern for the social good or concern for private enterprise is the motivating factor behind decisions affecting hospital policy. It is the moral responsibility of hospital trustees and administrators to protect and advance the healing mission of their institutions while meeting the costs of staying in business. (KIE abstract)
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