Equitable resource allocation and operational efficiency evaluation

Gao, Jian, Campbell, James and Lovell, C.A. Knox (2006) Equitable resource allocation and operational efficiency evaluation. International Journal of Healthcare Technology and Management, 7 1/2: 143-167. doi:10.1504/IJHTM.2006.007877


Author Gao, Jian
Campbell, James
Lovell, C.A. Knox
Title Equitable resource allocation and operational efficiency evaluation
Journal name International Journal of Healthcare Technology and Management   Check publisher's open access policy
ISSN 1368-2156
1741-5144
Publication date 2006-01-01
Year available 2006
Sub-type Article (original research)
DOI 10.1504/IJHTM.2006.007877
Volume 7
Issue 1/2
Start page 143
End page 167
Total pages 15
Place of publication United Kingdom
Publisher Inderscience Publishers
Language eng
Subject 14 Economics
1402 Applied Economics
Abstract In a healthcare system, resource allocation mechanisms should promote efficiency, improve quality of care and reduce practice variation. This paper presents a framework that has been used at the US Department of Veterans Affairs, VA Healthcare Network Upstate New York, to guide resource allocation and productivity assessment since 1999. It synthesises the latest developments in the field of healthcare finance and stochastic frontier analysis and generalises the traditional concept of productivity to include overutilisation or over-consumption of resources as part of inefficiency. Objective rather than subjective information is employed to predict resource need at the hospital level and to assess the operational efficiency of hospitals.
Keyword Resource allocation
Operational efficiency
Stochastic frontier analysis
Quality of care
Cost
Risk adjustment;
Productivity assessment;
Healthcare finance
Hospital efficiency
Healthcare efficiency
Health inequalities
Inefficiency identification
Veterans health administration.
Q-Index Code C1
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
School of Economics Publications
 
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Created: Tue, 15 Dec 2009, 19:50:27 EST by Macushla Boyle on behalf of Faculty of Business, Economics & Law