Health care efficiency | bloombergs annual ranking of health care efficienc
Healthcareefficiencyisacomparisonofdeliverysystemoutputs,suchasphysicianvisits,relativevalueunits,orhealthoutcomes,withinputslikecost,time,ormaterial.Efficiencycanbereportedthenasaratioofoutputstoinputsoracomparisontooptimalproductivityusingstochasticfrontieranalysisordataenvelopmentanalysis.Analternativeapproachistolookatlatencytimesanddelaytimesbetweenacareorderandcompletionofwork,andstatedaccomplishmentinrelationtoestimatedeffort.Onedifficultyincreatingageneralizedefficiencymeasureiscompa...
Health care efficiency is a comparison of delivery system outputs, such as physician visits, relative value units, or health outcomes, with inputs like cost, time, or material. Efficiency can be reported then as a ratio of outputs to inputs or a comparison to optimal productivity using stochastic frontier analysis or data envelopment analysis. An alternative approach is to look at latency times and delay times between a care order and completion of work, and stated accomplishment in relation to estimated effort.
One difficulty in creating a generalized efficiency measure is comparability of outputs. For example, if hospital A discharges 100 people at an average cost of $8000, while hospital B discharges 100 at $7000, the presumption may be that B is more efficient, but hospital B may be discharging patients with poorer health that will require readmission and net higher costs to treat.
Measures of efficiency[edit] Bloomberg Health-Care Efficiency Index[edit]The Bloom...