Understanding the health care business model: The financial analysts' point of view

Journal of Health Care Finance

Volumn 37, Issue 2, 2010, Pages 8-26

  Bukh, Per Nikolaj ^a   Nielsen, Christian ^a  

^a AALBORG UNIVERSITY   (Denmark)

Author keywords

Business models; Disclosure; Financial analysts; Revenue streams; Strategy

Indexed keywords

ARTICLE; COMMERCIAL PHENOMENA; FINANCIAL MANAGEMENT; HEALTH CARE; HEALTH CARE INDUSTRY; PROFIT; SEMI STRUCTURED INTERVIEW;

COMMUNICATION; ECONOMIC COMPETITION; FINANCIAL MANAGEMENT; HEALTH SERVICES ADMINISTRATION; HUMANS; ORGANIZATIONAL OBJECTIVES;

EID: 78650949288     PISSN: 10786767     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (78)

1. Jensen, M, Meckling, W, "Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure," Journal of Financial Economics, vol. 3, 305-360 (1976).
2. Akerlof, G, "The Market for 'Lemons': Quality, Uncertainty and the Market Mechanisms," Quarterly Journal of Economics, vol. 84, 488-500 (1970).
3. Williams, DR, Young, CC, "Trends in Biopharmaceutical IPOs: 1996-2005," Journal of Health Care Finance, vol. 33, no. 2, 39-54 (2006).
4. Verrecchia, RE, "Essays on Disclosure," Journal of Accounting and Economics, vol. 32, 97-180 (2001).
5. Botosan, CA, "Disclosure Level and the Cost of Equity Capital," The Accounting Review, vol. 72, no. 3, July, s. 323-349 (1997).
6. Eccles, RG, Herz, RH, Keegan, EM, Phillips, DM, The Value Reporting Revolution: Moving Beyond the Earnings Game, New York: John Wiley & Sons (2001);
7. Lev, B, Intangibles - Management, Measuring and Reporting, Brookings Institution Press (2001).
8. Elliott, RK, Jacobson, PD, "Costs and Benefits of Business Information Disclosure, Accounting Horizons," vol. 8, no. 4, 80-96 (1994);
9. Inchausti, B, "The Influence of Company Characteristics and Accounting Regulation on Information Disclosed by Spanish Firms," The European Accounting Review, vol. 6, no. 1, 45-68 (1997).
10. Lev, supra, n.6, p. 110.
11. Kodama, M, "Customer Value Creation Through Community-Based Information Networks," International Journal of Information Management, vol. 19, no. 6, 495-508 (1999);
12. Sweet, "Strategic Value Configuration Logics and the 'New' Economy: A Service Economy Revolution?" International Journal of Service Industry Management, vol. 12, no.1, 70-83 (2001).
13. AICPA, Improving Business Reporting - A Customer Focus: Meeting the Information Needs of Investors and Creditors; and Comprehensive Report of the Special Committee on Financial Reporting, New York: American Institute of Certified Public Accountants (1994).
14. Wallman, S, "The Future of Accounting and Financial Reporting, Part II: The Colorized Approach," Accounting Horizons, vol. 10, no. 2, 138-148 (1996);
15. Wallman, S, "The Future of Accounting and Financial Reporting, Part IV: 'Access' Accounting," Accounting Horizons, vol. 11, no. 2, 103-116 (1997).
16. Accounting Standard Board, "Operating and Financial Review, Revision to Guidance, Exposure Draft," London: Accounting Standard Board (2002).
17. Canadian Institute of Chartered Accountants, "Management's Discussion and Analysis: Guidance on Preparation and Disclosure," review draft, Canadian Institute of Chartered Accountants (2001).
18. Eccles, R, Mavrinac, S, "Improving the Corporate Disclosure Process," Sloan Management Review, Summer, 11-25 (1995);
19. Bouwman, MJ, Frishkoff, PA, Frishkoff, P, "How Do Financial Analysts Make Decisions? A Process Model of the Investment Screening Decision," Accounting, Organizations and Society, vol. 12, no. 1, 1-29 (1987).
20. Eccles, Herz, Keegan, and Phillips, supra, n.6.
21. Bukh, PN, "The Relevance of Intellectual Capital Disclosure: A Paradox?, Accounting, Auditing & Accountability Journal, vol. 16, no. 1, 49-56 (2003).
22. Nilsson, AG, Tolis, C, Nellborn, C, Perspectives on Business Modelling: Understanding and Changing Organizations, Berlin: Springer, p. 3 (1999).
23. Eccles, Herz, Keegan & Phillips, supra, n.6, p. 274, bracket text added.
24. Blair, M, Wallman, S, Unseen Wealth, Brookings Institution: Washington, DC, p. 59 (2000).
25. Blair and Wallman, supra, n.19, p. 43.
26. Hamel, G, Leading the Revolution, Boston: Harvard Business School Press (2000).
27. Porter, ME, Competitive Advantage, New York: The Free Press (1985).
28. Heemskerk, B, Pistorio, P, Scicluna, M, "Sustainable Development Reporting: Striking the Balance," World Business Counsel for Sustainable Development, p. 23 (2003).
29. Nielsen, C, "Measuring and Managing Intellectual Capital: Impressions from Two Workshops, EAANewsletter, vol. 4, no. 4, 9-10 (2005).
30. Fensel, D, Ontologies: Silver Bullet for Knowledge Management and Electronic Commerce, Heidelberg: Springer-Verlag (2001).
31. Sandberg, KD, "Is ItTime to Trade in Your Business Model?" Harvard Management Update, Jan., 3-5 (2002).
32. Osterwalder, A, Pigneur, Y, "Towards Business and Information Systems Fit Through a Business Model Ontology," working paper, Ecole des HEC, University of Lausanne (2003).
33. Senge, PM, Carstedt, G, "Innovating Our Way to the Next Industrial Revolution," MIT Sloan Management Review, Winter, 24-38 (2001).
34. Funk, K, "Sustainability and Performance," MIT Sloan Management Review, Winter, 65-70, p. 65 (2003).
35. Afuah, A, Tucci, CL, Internet Business Models and Strategies: Text and Cases, Boston: McGraw-Hill (2001).
36. Magretta, J, "Why Business Models Matter," Harvard Business Review, May, 3-8, p. 6 (2002).
37. Czuchry, AJ, Yasin, MM, "Improving E-Business with a Baldrige-Based Methodology," Information Systems Management, Summer, 29-38 (2003).
38. Chesbrough, H, Rosenbloom, RS, "The Role of the Business Model in Capturing Value from Innovation: Evidence from Xerox Corporation's Spin-Off Companies," Industrial and Corporate Change, vol. 11, no. 3, 529-555, p. 535 (2002).
39. Kodama, supra, n.9.
40. Gallaugher, JM, "E-Commerce and the Undulating Distribution Channel," Communications of the Association for Computing Machinery, vol. 45, no. 7, 89-95 (2002).
41. Kartseva, Gordijn, Akkermans, "A Design Perspective on Networked Business Models: A Study of Distributed Generation in the Power Industry Sector," paper presented at the Bled2003 E-Commerce Conference (2003).
42. Miller, D, Eisenstat, R, Foote, N, "Strategy from the Inside Out: Building Capability-Creating Organizations, California Management Review, vol. 44, no. 3, 37-54 (2002).
43. Klaila, D, "Knowledge as a Transformation Agent," Journal of Knowledge Management, vol. 4, no. 2, 138-144 (2002).
44. Boulton, RES, Libert, BD, Samek, SM, Cracking the Value Code: How successful Businesses Are Creating Wealth in the New Economy, New York: Harper Collins Publishers (1997).
45. Covin, TJ, Stivers, BP, "Knowledge Management Focus in US and Canadian Firms," Creativity and Innovation Management, vol. 6, no. 3, 140-150 (1997).
46. Miller, Eisenstat, and Foote, supra, n.37.
47. Porter, supra, n.22, p. 33.
48. Shank, JK, Govindarajan, V, "Strategic Cost Management: The Value Chain Perspective," Journal of Management Accounting Research, vol. 4, Fall, 179-197 (1992).
49. Shank and Govindarajan, supra, n.43, p. 179.
50. Hedman, J, Kalling, T, "The Business Model: A Means to Understand the Business Context of Information and Communication Technology," working paper 2001/9, Institute of Economic Research, School of Economics and Management, Lund Universitet (2001).
51. Alt, R, Zimmermann, H-D, "Preface: Introduction to Special Section - Business Models," Electronic Markets, vol. 11, no. 1, 1-7 (2001).
52. Bell, T, Marrs, F, Solomon, I, Thomas, H, "Auditing Organizations Through a Strategic-Systems Lens: The KPMG Business Measurement Process," KPMG LLP (1997).
53. Chesbrough and Rosenbloom, supra, n.33.
54. Stabell, CB, Fjeldstad, ØD, "Configuring Value for Competitive Aadvantage: On Chains, Shops and Networks," Strategic Management Journal, vol. 19, 413-437, p. 414 (1998).
55. Stabell and Fjeldstad, supra, n.49.
56. Giertz, E, "Measuring Success: Identifying Performance Indicators," Celemi, Malmö, Sweden (2000).
57. Sweet, supra, n.9.
58. Ramirez, R, "Value Co-Production: Intellectual Origins and Implications for Practice and Research," Strategic Management Journal, vol. 20, 49-65 (1999).
59. Morris, L, "Business Model Warfare: The Strategy of Business Breakthroughs," Innovation-Labs White Paper, prepared and published jointly with A-CASA, p. 19 (2003).
60. Mouritsen, J, Bukh, PN, Flagstad, K, Thorbjørnsen, S, Johansen, MR, Kotnis, S, Larsen, HT, Nielsen, C, Kjærgaard, I, Krag, L, Jeppesen, G, Haisler, J, Stakemann, B, "Intellectual Capital Statements - The New Guideline," Danish Ministry of Science, Technology and Innovation, Copenhagen (www.vtu.dk/icaccounts) (2003).
61. Chesbrough and Rosenbloom, supra, n.33.
62. Webb, J, Gile, C, "Reversing the Value Chain," Journal of Business Strategy, Mar./Apr., 13-17 (2001).
63. Hedman and Kalling, supra, n.45.
64. Alt and Zimmermann, supra, n.46.
65. Giertz, supra, n.51.
66. Bray, M, "New Directions in Business: Performance Reporting, Communication and Assurance," The Institute of Chartered Accountants in Australia (2002).
67. Bray, supra, n.61.
68. Wahlström, "Strategic Management Accounting: Increased Need of Integrated Value-Chain Business System," working paper presented at 13th Asian-Pacific Conference on International Accounting Issues, Rio de Janeiro, Brazil, Oct. 28-31, 2001 (2003).
69. Linder, J, Cantrell, S, "What Makes a Good Business Model Anyway? Can Yours Stand the Test of Change?" Outlook, www.accenture.com (2002).
70. Alt and Zimmermann, supra, n.46.
71. Bell, Marrs, Solomon, and Thomas, supra, n.47.
72. Boulton, Libert, and Samek, supra, n.39.
73. DATI 2001, "A Guideline for Intellectual Capital Statements - A Key to Knowledge Management," Danish Agency for Trade and Industry, Copenhagen.
74. DiPiazza, SA, Jr., Eccles, RG, Building Public Trust: The Future of Corporate Reporting, Wiley: New York, p. 126 (2002).
75. Kvale, S, Interview: En Introduktion til det kvalitative forskningsinterview, København: Hans Reitzels Forlag, p. 123 (2000).
76. Yin, RK, Case Study Research: Design and Methods, third edition, London: SAGE Publications, p. 84 (2003).
77. Magretta, supra, n.31.
78. Eccles, Herz, Keegan, and Phillips, supra, n.6.