Implications and Limitations of Economic Feasibility
... and Limitations of Economic Feasibility
Economic feasibility is one of the main interests of managements, whether for profit making or not profit making organizations. Comparing total costs with total revenues is important to ensuring this feasibility but an understanding of factors to total operations costs helps in determining the costs for optimal profit margins. Results from the study identify a significant relationship between hospitals’ total operations costs and the independent variables: variables Staffed beds_05, Medicare Days_05, Medicaid Days_05, Total Surgeries_05, RN FTE_05, Occupancy, Ownership, System Membership, Rural/Urban, Teaching Affiliation, Age 65+, Crime Rate, and...