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Related Experiment Videos

Productivity and effectiveness: an economist's viewpoint.

P J Feldstein

    Health Matrix
    |December 6, 1985
    PubMed
    Summary

    The healthcare sector is shifting to broader payment units, simplifying productivity measurement and improving incentives. This transition, alongside reduced regulatory barriers, will boost productivity and redistribute income among health professionals.

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    Area of Science:

    • Health economics
    • Healthcare management
    • Productivity analysis

    Background:

    • Traditional healthcare payment models often use narrow units, hindering accurate productivity measurement and appropriate incentive structures.
    • Existing legal and regulatory frameworks can impose constraints on healthcare productivity improvements.

    Purpose of the Study:

    • To analyze the impact of shifting healthcare payment models towards broader units on productivity measurement and incentives.
    • To examine the role of regulatory changes in facilitating or impeding healthcare productivity gains.

    Main Methods:

    • The study likely involves economic analysis of healthcare payment systems.
    • It may incorporate policy analysis of legal and regulatory constraints.
    • Qualitative or quantitative assessment of productivity changes in the health sector.

    Main Results:

    • Broader payment units facilitate more accurate measurement of productivity change in healthcare.
    • These broader units offer more suitable incentives for enhancing productivity compared to narrower units.
    • The elimination of legal and regulatory constraints contributes to increased healthcare productivity.

    Conclusions:

    • The transition to broader healthcare payment units is a key driver for improved productivity measurement and incentives.
    • Deregulation is crucial for unlocking further productivity gains in the health sector.
    • Anticipated outcomes include both increased overall productivity and a redistribution of income within the healthcare professional landscape.

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