HCBE Faculty Articles
Does Altman’s z-score predict the economic viability of health maintenance organizations?
Document Type
Article
Publication Title
International Journal of Electronic Finance
ISSN
1746-0069
Publication Date
1-1-2009
Abstract/Excerpt
A history of the successful containment of healthcare costs, in addition to the federal government's endorsement of managed care, attributed to increasing numbers of Health Maintenance Organisations (HMOs) over the past 20 years. Unfortunately, with the increase in the number of organisations, there has been an increase in the number of financial failures. This paper examines the applicability of Altman's revised four-variable z-score model, a bankruptcy prediction tool designed to forecast financial failure utilising the electronically published financial data of HMOs. This research represents a seminal study in the service sector of health insurance companies that will benefit stakeholders.
DOI
10.1504/IJEF.2009.024272
Volume
3
Issue
1
First Page
96
Last Page
114
NSUWorks Citation
Jennings, Martha E.; Cavico, Frank J.; Yatrakis, Pan; and Austin, Dan, "Does Altman’s z-score predict the economic viability of health maintenance organizations?" (2009). HCBE Faculty Articles. 480.
https://nsuworks.nova.edu/hcbe_facarticles/480
