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Toward Rationality in the Allocation of Hospital Resources
Richard F. Wacht
Vol. 1, No. 1 (Spring, 1972), pp. 66-71
Stable URL: http://www.jstor.org/stable/3664954
Page Count: 6
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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.
Financial Management © 1972 Financial Management Association International