Medicare reimbursement,debt financing,and measures of service efforts and accomplishments in the healthcare industry |
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| Authors: | Carol M. Lawrence James M. Kurtenbach |
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| Affiliation: | 1. School of Accountancy College of Business and Public Administration , University of Missouri , 312 Middlebush Hall, Columbia, Missouri, 65211;2. Department of Accounting , College of Business Iowa State University , 300 Carver Hall, Ames, Iowa, 50011 |
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| Abstract: | This paper investigates the relationships among selected SEA measures and Medicare reimbursement. The findings generally indicate that those hospitals most heavily reliant on Medicare reimbursement are characterized by different levels of service efforts and accomplishments than other hospitals. The empirical analysis also provides evidence of a linkage between SEA measures and market measures of the risk associated with bonds issued by the sample hospitals. |
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