Since 2014
Wage Dispersion and Financial Performance of Nonprofit Hospitals
The Journal of Health Care Finance
View Archive Info| Field | Value | |
| Title |
Wage Dispersion and Financial Performance of Nonprofit Hospitals
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| Creator |
Dong, PhD, G. Nathan; Columbia University New York, New York |
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| Description |
The strategic use of wage dispersion in compensation policy can be a double-edged sword for health care organizations, with a performance-enhancing potential that increases under certain conditions (i.e., tournament and risk-taking incentives) but decreases under other conditions (i.e., perceived unfairness and inequality and lack of team cohesiveness). We use the data set of employee wage and financial statements of 48 nonprofit hospitals in Maryland to examine the relationship between employee wage dispersion and hospital financial performance. We find a positive effect of wage dispersion among low-skilled health care workers (e.g., lab assistant and phlebotomist) on hospital profitability and a negative effect of wage dispersion among high-skilled health care workers (e.g., nurse manager and occupational therapist) on profitability. The staff size in each skill category tends to offset the original impact of wage dispersion on the hospital’s financial outcomes.
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| Publisher |
Worldwebtalk.com, Inc.
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| Contributor |
—
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| Date |
2016-11-28
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://healthfinancejournal.com/index.php/johcf/article/view/110
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| Source |
Journal of Health Care Finance; Vol 43, No 2, Fall 2016
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| Language |
eng
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| Relation |
http://healthfinancejournal.com/index.php/johcf/article/view/110/114
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| Rights |
Copyright (c) 2018 Journal of Health Care Finance
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