Discrepancies in Hospital Financial Information: Comparison of Financial Data in State Data Repositories and the Healthcare Cost Reporting Information System

dc.contributor.author Lamboy-Ruiz, Melvin
dc.contributor.author Watanabe, Olena
dc.contributor.author No, Won
dc.contributor.author Watanabe, Olena
dc.contributor.department Accounting
dc.date 2020-01-16T20:26:31.000
dc.date.accessioned 2020-06-29T22:44:35Z
dc.date.available 2020-06-29T22:44:35Z
dc.date.copyright Mon Jan 01 00:00:00 UTC 2018
dc.date.issued 2019-10-01
dc.description.abstract <p>High-quality financial data are important to stakeholders in the healthcare sector but are difficult to obtain. The two data sources most often used are hospital financial statements (HFSs) and Medicare Cost Reports (MCRs). Applying an analytical framework of data information quality dimensions, we compare a sample of 34,728 instances of 12 financial statement items extracted from HFSs and MCRs filed from 2007 through 2011. Our comparison shows a nontrivial frequency of missing items, widespread discrepancies across financial items, and a materiality of discrepancies that is significant in both sources. We also find many avoidable computational errors and significant absolute relative discrepancies between the sources. Additionally, we perform replications of two prior studies to test the believability of HFS and MCR data. Although we cannot conclude which source is more accurate, we do alert users of hospital financial data to the comparative potentials and limitations of these two major sources.</p>
dc.description.comments <p>This accepted article is published as Melvin A. Lamboy-Ruiz, Won G. No, and Olena V. Watanabe (<em>2019</em>) Discrepancies in Hospital Financial Information: Comparison of Financial Data in State Data Repositories and the Healthcare Cost Reporting Information System. Journal of Information Systems: Fall 2019, Vol. 33, No. 3, pp. 19-44. Doi: <a target="_blank">10.2308/isys-52149</a>. Posted with permission. </p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/acct_pubs/15/
dc.identifier.articleid 1014
dc.identifier.contextkey 16252923
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath acct_pubs/15
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/1857
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/acct_pubs/15/2019_WatanabeO_Manu___Discrepancies_in_Hospital_Financial_Information.pdf|||Fri Jan 14 20:33:58 UTC 2022
dc.source.uri 10.2308/isys-52149
dc.subject.keywords data and information quality
dc.subject.keywords Medicare Cost Report
dc.subject.keywords financial statement
dc.subject.keywords state data repository
dc.subject.keywords hospital
dc.title Discrepancies in Hospital Financial Information: Comparison of Financial Data in State Data Repositories and the Healthcare Cost Reporting Information System
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication 7e93ed3b-637b-4799-bd5d-e3bb47e21914
relation.isOrgUnitOfPublication a22c7344-d5b6-42c6-8b0d-c260ed008e15
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