Hospital Productivity U S C - B R O O K I N G S S C H A E F F E R - - PowerPoint PPT Presentation

U S C - B R O O K I N G S S C H A E F F E R I N I T I A T I V E F O R H E A L T H P O L I C Y J U N E 2 5 , 2 0 1 9 C H A P I N W H I T E S E N I O R P O L I C Y R E S E A R C H E R ( A D J U N C T ) , R A N D I N D E P E N D E N T C O N S U L T A N T

Hospital Productivity

This briefing represents the views of the author, and not RAND or RAND’s funders.

• Most products
• Hospitals

The Challenge

capital and technology production costs prices market competitiveness capital and technology production costs prices public policy

• Spending (S) = Price (P) * Quantity (Q)
• General ?: Are we paying more (P) or getting more (Q)?
• ? in Health Care: Are P’s fair?
• service price indexes (SPIs) do a good job at this
• quality/outcome-adjusted P’s muddy the waters
• if survivorship rises, do hospitals get credit?
• if readmissions fall, should hospitals get to keep the money?

Why Bother Measuring P’s and Q’s?