HCBE Faculty Articles

Title

Does Altman’s z-score predict the economic viability of health maintenance organizations?

Document Type

Article

Date

1-1-2009

Publication Title

International Journal of Electronic Finance

ISSN or ISBN

1746-0069

Volume

3

Issue

1

First Page

96

Last Page

114

Description

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

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