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Title: Business models in health care: Accounting for the sustainability of palliative and end of life care provision by voluntary hospices' in England
Authors: Theodosopoulos, G
Haslam, C
Tsitsianis, N
Keywords: Voluntary hospices;Charity accounting SORP;Hospice business model
Issue Date: 2014
Citation: European Accounting Association Annual Congress (EAA 2014), Tallinn-Estonia, (21 - 23 May 2014)
Abstract: This study evaluates the sustainability of palliative and end of life care provision by voluntary hospices in England. Using a mixed methods, inductive approach, we construct a ‘descriptive business model’ for hospices which is grounded in analysis of relevant accounting information, and supported by narratives extracted from interviews with senior clinical and non clinical managers from four large and medium sized hospices. The study reveals the strengths and weaknesses of the hospice business model and evaluates its robustness against forthcoming challenges. Our findings highlight the gradual transition from a basic voluntary sector business model to a complex, highly sophisticated, and institutionalized care establishment, sharing many of the characteristics found in large private and public organizations. The sustainability however of the business model is threatened due to its exposure to a number of contradictory forces. Whilst demand for palliative and end of life care going forward is set to increase, due to both demographic and regulatory factors, hospices' voluntary income is highly volatile. Dependency on sustaining a complex network of stakeholder groups to underwrite income, challenges the hospice business model’s ability to cope with the anticipated challenges.
Appears in Collections:Brunel Business School Research Papers

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