Profit incentives and technical efficiency in the production of nursing home care
In recent years, nursing home care expenditures have approached 1% of GNP. Their growth is a major contributor to the escalating costs of health care. In this article, we analyze a sample of nursing homes from Wisconsin to determine the characteristics of the efficiently operated nursing homes. Data...
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Veröffentlicht in: | The review of economics and statistics 1989-11, Vol.71 (4), p.586-594 |
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description | In recent years, nursing home care expenditures have approached 1% of GNP. Their growth is a major contributor to the escalating costs of health care. In this article, we analyze a sample of nursing homes from Wisconsin to determine the characteristics of the efficiently operated nursing homes. Data envelopment analysis is used to calculate efficiency scores for the various nursing homes in the sample. We then use regression analysis to investigate the determinants of efficiency, holding constant the characteristics of the output. We find that for-profit firms have significantly higher efficiency scores. |
doi_str_mv | 10.2307/1928100 |
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source | Periodicals Index Online; JSTOR Mathematics & Statistics; EBSCOhost Business Source Complete; Jstor Complete Legacy |
subjects | administrative management Cost control Cost efficiency Cost functions data analysis Data envelopment analysis Efficiency Efficiency metrics Expenditures GNP Gross National Product Health care costs Health care expenditures Health care industry Hospital beds Linear programming Medicaid Minimization of cost Nonprofit hospitals Nonprofit organizations Nursing homes Production efficiency Profit profitability quality Regression analysis Studies Variables |
title | Profit incentives and technical efficiency in the production of nursing home care |
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