Applying economic principles to health care |
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Authors: | Scott R D Solomon S L McGowan J E |
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Institution: | Centers for Disease Control and Prevention, Atlanta, Georgia 30333, USA. Dscott1@cdc.gov |
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Abstract: | Applying economic thinking to an understanding of resource use in patient care is challenging given the complexities of delivering health care in a hospital. Health-care markets lack the characteristics needed to determine a "market" price that reflects the economic value of resources used. However, resource allocation in a hospital can be analyzed by using production theory to determine efficient resource use. The information provided by hospital epidemiologists is critical to understanding health-care production processes used by a hospital and developing economic incentives to promote antibiotic effectiveness and infection control. |
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