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Hospital Costs in Massachusetts An Econometric Study

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ISBN-10: 0674407008

ISBN-13: 9780674407008

Edition: 1968

Authors: Lester D. Taylor, Mary Lee Ingbar

List price: $53.00
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Book details

List price: $53.00
Copyright year: 1968
Publisher: Harvard University Press
Publication date: 1/1/1968
Binding: Hardcover
Pages: 252
Size: 5.91" wide x 9.84" long x 0.59" tall
Weight: 1.320
Language: English

Introduction
Apparent Causes of Rising Hospital Costs
Purpose of Present Study
Data Used in the Study
Time Period
Selection of Hospitals
Community Hospitals
Direct Departmental Expenses Versus Inpatient Costs: The Influence of Accounting Procedures
Cost Models Used in the Study and Preliminary Analyses of the 1958-59 Data
Statistical Methods
The regression model
The factor model
Cost Models and their Underlying Rationale
Choice of Independent Variables
Levels of Aggregation
General movement of departmental costs
A factor analysis of departmental expenses
Pooling the Data for 1958 and 1959
The Missing Data Problem
Empirical Results for 1958-59: I
Total Hospital Cost
Pooling the 1958 and 1959 data
Regression results
Effects of size and utilization
Primary, Secondary, and Independent Service Costs
Primary services
Secondary services
Independent services
Departmental Costs
Comparative Explanatory Powers of Models with Different Deflators
Empirical Results for 1958-59: II
Hospital Charges
Hospital Revenues
Costs of the Routine and Special Service Departments
Problems with Missing Categories and Missing Observations
Advantages of Disaggregation
Extension to Other Groups of Hospitals
Residuals from Two ABD Equations for Total Hospital Cost
Empirical Results for 1962-63
Patient Day Model Applied to 1962-63 Data
1962-63 Costs, Charges, and Revenues per ABD Predicted from 1958-59 Equations
1962-63 Predictions for Other Hospital Groups Using 1958-59 Equations for the 72 Community Hospitals
Conclusions
Survey of the Results
Comparisons with Other Studies
Implications for Policy
Macro implications
Micro implications
Afterthoughts
Key to Symbols and Abbreviations
Reporting Schedules from the Hospital Statement for Reimbursement of the Bureau of Hospital Costs and Finances of the Commonwealth of Massachusetts
Criteria for Classifying Hospitals in the Massachusetts Hospital Cost Study
Inpatient Costs for the 72 Massachusetts Community Hospitals
An Analysis of Departmental Costs
ABD and PD Models
Nursing service
Administration and general
Laboratory
Radiology
Operating room
Medical and surgical supplies
Pharmacy
Hotel services
Departmental Output Models
Bibliography
Notes
Index