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Economic impact analysis for certificate of need applications
American Journal of Health Planning
|December 13, 1977
Summary
State certificate of need laws require cost-effectiveness analysis for healthcare projects. This economic impact analysis reviews costs and resource demands for capital expenditures, adapting to project complexity.
Area of Science:
- Health economics
- Healthcare policy
- Health services research
Background:
- Certificate of Need (CON) laws are mandated for states seeking federal funding for healthcare projects.
- CON laws require assessment of the appropriateness of capital expenditures by healthcare providers.
- Evaluating the cost-effectiveness of proposed healthcare projects is a key requirement.
Purpose of the Study:
- To outline an economic impact analysis for reviewing capital expenditures in healthcare.
- To provide a framework for assessing the costs, resource demands, and economic impact of proposed healthcare projects.
- To present a sequential analytical approach that scales with project complexity and technical resource use.
Main Methods:
- Economic impact analysis framework for capital expenditure proposals.
- Review of capital and operating costs associated with healthcare projects.
- Assessment of resource demands, including highly technical resources.
- Sequential analysis approach, increasing in sophistication as needed.
Main Results:
- The proposed economic impact analysis provides a structured review of healthcare capital expenditure proposals.
- The methodology allows for the identification of cost-effectiveness for proposed projects.
- The approach is adaptable to varying levels of project complexity and resource intensity.
Conclusions:
- The outlined economic impact analysis is a valuable tool for evaluating healthcare capital expenditures under Certificate of Need laws.
- This structured approach ensures a thorough review of project costs, resource demands, and economic viability.
- The sequential nature of the analysis supports informed decision-making for increasingly complex healthcare projects.
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