Estimating hospital costs: A multiple-output analysis

This study explores a new approach to estimating the cost of inpatient and outpatient services provided by hospitals. Data from a nationwide survey of non-federal, short-term, U.S. hospitals are used to make cost estimates based on a multiple-output cost function. The results provide information on...

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Bibliographic Details
Published inJournal of health economics Vol. 5; no. 2; pp. 107 - 127
Main Authors Grannemann, Thomas W., Brown, Randall S., Pauly, Mark V.
Format Journal Article
LanguageEnglish
Published Netherlands Elsevier B.V 01.06.1986
Elsevier
Elsevier Sequoia S.A
SeriesJournal of Health Economics
Subjects
Cost estimates
Costs and Cost Analysis - methods
Data Collection
Economics, Hospital
Emergency Service, Hospital - economics
Estimates
Health administration
Hospital costs
Hospitalization - economics
Hospitals
Inpatient care
Mathematical analysis
Models, Theoretical
Nonprofit hospitals
Outpatient care facilities
Outpatient Clinics, Hospital - economics
Regression Analysis
Studies
United States
United States
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Summary:This study explores a new approach to estimating the cost of inpatient and outpatient services provided by hospitals. Data from a nationwide survey of non-federal, short-term, U.S. hospitals are used to make cost estimates based on a multiple-output cost function. The results provide information on the structure of hospital costs, and include estimates of the marginal and average incremental cost of outpatient care. Because of the innovative specification of the cost function, the study is of interest for its methodology as well as empirical results.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
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ISSN:0167-6296
1879-1646
DOI:10.1016/0167-6296(86)90001-9