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Toward Rationality in the Allocation of Hospital Resources

Richard F. Wacht
Financial Management
Vol. 1, No. 1 (Spring, 1972), pp. 66-71
Published by: Wiley on behalf of the Financial Management Association International
Stable URL: http://www.jstor.org/stable/3664954
Page Count: 6
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Toward Rationality in the Allocation of Hospital Resources
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Abstract

Profitability analysis of investment alternatives provides a framework for evaluating the capability of nonprofit institutions to achieve economic efficiency in resource allocation. This article states three standards of allocational efficiency, examines the voluntary hospital in light of these standards, and proposes a system that would make the voluntary hospital capable of achieving rationality in the use of its resources.

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