Abstract:
The fragility of Nigeria’s health sector is in a worrying state of despair. The continuous underperformance of the country’s healthcare sector has not only resulted in medical errors leading to careless deaths but is negatively affecting the economic sustainability of private hospitals. As a result, the study aimed to examine the effect of healthcare risk management (HRM) and scale and scope economies on the competitive advantage of private hospitals in Anambra state, Nigeria. Four hundred and sixty-eight (468) medical staff served as the study population. Pearson correlation and regression analysis were the analytical tools employed. Findings reveal that healthcare risk management and scale and scope economies affect the competitive advantage of private hospitals in Anambra State, Nigeria. In line with these findings, the study recommends acknowledging the role of healthcare risk managers and encouraging collaborative geographical specialty and hospital size.
