More on Investor-Owned Hospitals

Laurence Abramson; Penelope C. Roeder; John H. Moxley; Gerard F. Anderson; Carl J. Schramm; Catherine R. Rapoza; Steven C. Renn; George D. Pillari

doi:10.1056/NEJM198511143132020

More on Investor-Owned Hospitals

Laurence Abramson, Penelope C. Roeder, John H. Moxley, Gerard F. Anderson, Carl J. Schramm, Catherine R. Rapoza, Steven C. Renn, George D. Pillari

Bloomberg School of Public Health

Research output: Contribution to journal › Letter › peer-review

Abstract

To the Editor: Anderson et al. (July 18 issue)¹ reported that the sale of a teaching hospital to an investor-owned hospital system “will not secure endowments large enough to maintain their societal contributions much beyond the year 2000.” It should be noted that this conclusion is extremely sensitive to the assumptions they used to make the financial projections. Anderson et al. appeared to use the following assumptions: the initial endowment is $170 million; the endowment is invested in a portfolio of AA-rated public utility bonds with a floating rate of return (the actual rates of return were based on forecasts.

Original language	English (US)
Pages (from-to)	1296-1297
Number of pages	2
Journal	New England Journal of Medicine
Volume	313
Issue number	20
DOIs	https://doi.org/10.1056/NEJM198511143132020
State	Published - Nov 14 1985

ASJC Scopus subject areas

General Medicine

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10.1056/NEJM198511143132020

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author = "Laurence Abramson and Roeder, {Penelope C.} and Moxley, {John H.} and Anderson, {Gerard F.} and Schramm, {Carl J.} and Rapoza, {Catherine R.} and Renn, {Steven C.} and Pillari, {George D.}",

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AU - Abramson, Laurence

AU - Roeder, Penelope C.

AU - Moxley, John H.

AU - Anderson, Gerard F.

AU - Schramm, Carl J.

AU - Rapoza, Catherine R.

AU - Renn, Steven C.

AU - Pillari, George D.

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N2 - To the Editor: Anderson et al. (July 18 issue)1 reported that the sale of a teaching hospital to an investor-owned hospital system “will not secure endowments large enough to maintain their societal contributions much beyond the year 2000.” It should be noted that this conclusion is extremely sensitive to the assumptions they used to make the financial projections. Anderson et al. appeared to use the following assumptions: the initial endowment is $170 million; the endowment is invested in a portfolio of AA-rated public utility bonds with a floating rate of return (the actual rates of return were based on forecasts.

AB - To the Editor: Anderson et al. (July 18 issue)1 reported that the sale of a teaching hospital to an investor-owned hospital system “will not secure endowments large enough to maintain their societal contributions much beyond the year 2000.” It should be noted that this conclusion is extremely sensitive to the assumptions they used to make the financial projections. Anderson et al. appeared to use the following assumptions: the initial endowment is $170 million; the endowment is invested in a portfolio of AA-rated public utility bonds with a floating rate of return (the actual rates of return were based on forecasts.

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More on Investor-Owned Hospitals

Abstract

ASJC Scopus subject areas

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