Health Leaders Magazine – “The absence of a residual claimant with a financial interest in the organization means that no one individual, or group of individuals, has strong incentives to monitor the behavior of the organization at nonprofit hospitals,” Rexford Santerre, Ph.D. , a professor of finance and healthcare management at the University of Connecticut, wrote in a National Bureau of Economic Research report with a Finance Department colleague John Vernon, Ph.D.
Differences Between Not-for-Profits and For-Profit Hospitals Marginal
March 18, 2016