Hospital Ownership Mix Efficiency in the US: An Exploratory Study / Rexford E. Santerre, John A. Vernon.

Format:

Book

Author/Creator:

Santerre, Rexford E.

Contributor:

National Bureau of Economic Research.

Vernon, John A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w11192.

NBER working paper series no. w11192

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Hospital Ownership Mix Efficiency in the US

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2005.

Summary:

This paper offers an empirical test of ownership mix efficiency in the U.S. hospital services industry. The test compares the benefits of quality assurance with the costs from the attenuation of property rights that result from an increased presence of nonprofit organizations. The empirical results suggest that too many not-for-profit and public hospitals may exist in the typical market area of the U.S. The policy implication is that more quality of care per dollar might be obtained by attracting a greater percentage of for-profit hospitals into some market areas. This conclusion, however, is tempered with several caveats. We discuss these and also make recommendations for further research.

Notes:

Print version record

March 2005.