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| Journal of Business Case Studies |
| Year: 2008 |
Month: November | Volume: 4 |
Number: 11 |
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Case Study
A Comparative Analysis Of Financial And Quality Indicators Of Nursing Homes That Have Closed And Nursing Homes That Have Remained Open
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Jim Morey, SUNY Institute of Technology, USA
Ken Wallis, SUNY Institute of Technology, USA
Hoseoup Lee, SUNY Institute of Technology, USA
Gary Scherzer, SUNY Institute of Technology, USA
Robert Orilio, SUNY Institute of Technology, USA
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| Abstract |
Eight New York nursing homes, 4 open and 4 closed, were chosen at random for analysis. They were examined to determine if a relationship between age of assets, fiscal viability and quality of care existed. Three years of data for each nursing home was selected Several financial variables were used to construct a fiscal viability index; and a patient care index was created from selected measures that are used to measure specific aspects of institutional care. The premise was that the constructed indices will demonstrate a significant difference between closed nursing homes and homes remaining open. The analysis found that fiscal viability index could be a significant factor to differentiate the two groups of nursing homes, but the quality index showed no significant difference between the two groups. |
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| (Clute Institute for Academic Research article #: 1560) |
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