HCBE Faculty Articles
Title
Does Altman’s z-score predict the economic viability of health maintenance organizations?
Document Type
Article
Publication Date
1-1-2009
Publication Title
International Journal of Electronic Finance
ISSN or ISBN
1746-0069
Volume
3
Issue/Number
1
First Page
96
Last Page
114
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
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
