Unlocking Your Business Potential
Is owning a hospital profitable? If the institution is well managed, they can make a decent profit. Hospitals over the last ten years have ranged in margin from four percent to eight percent net profit according to the American Hospital Association. About 25 percent of the 6,000 hospitals have a negative financial margin. Read more … Read more
What is the profit margin for urgent care? The contribution margin is $60,000 out of the total $100,000 revenue, or 60%. This essentially means that once the costs associated with the particular service are covered, 60% of the revenue is available to pay the costs that are constant, with the residual translating to profit. Read … Read more
What factors are thought to contribute to rising costs in healthcare and malpractice insurance rates? A Journal of the American Medical Association (JAMA) study found five factors that affect the cost of healthcare: a growing population, aging seniors, disease prevalence or incidence, medical service utilization, and service price and intensity. Read more on www.investopedia.com Over … Read more
Is clinic a business? The function of clinics differs from country to country. For instance, a local general practice run by a single general practitioner provides primary health care and is usually run as a for-profit business by the owner, whereas a government-run specialist clinic may provide subsidised or specialised health care. Read more on … Read more