Measuring efficiency from casemix funding in Victoria using the stochastic frontier
MetadataShow full item record
The Australian state of Victoria experienced a fundamental change in public hospital funding in 1993 with the introduction of casemix funding using diagnosis related groups. One of the primary drivers of this altered funding regime was to introduce a mechanism by which public hospitals could be compared for costs. Cost comparisons would then create an incentive for efficiency improvements because efficient hospitals would attract increased funding. This paper applies stochastic frontier estimation of a production function to panel data for the period 92/93 to 95/96 in order to establish whether, in fact, efficiency improvements were realised over this period. The results show that there was no significant change to individual hospital efficiency levels.
Showing items related by title, author, creator and subject.
Mangano, Maria (2004)This research examines the impact, if any, of the introduction of casemix funding on public hospitals in Victoria. The results reported here show that in Victoria, during the period under observation, rural hospitals ...
Is capital investment in Australian hospitals effectively funding patient access to efficient public hospital care?Kerr, R.; Hendrie, Delia (2018)© 2018 AHHA. Objective. This study asks 'Is capital investment in Australian public hospitals effectively funding patient access to efficient hospital care?' Methods. The study drew information from semistructured interviews ...
Pojanavatee, Sasipa (2013)Mutual funds are emerging as an opportunity for investors to automatically diversify their investments in such a way that all their money is pooled and the investment decisions are left to a professional manager. There ...