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Improved estimates of capital formation in the National Health Expenditure Accounts.

Sensenig AL, Donahoe GF - Health Care Financ Rev (2006)

Bottom Line: The largest revision was the incorporation of a more comprehensive measure of investment in medical sector capital.The revision raised total health expenditures' share of gross domestic product (GDP) from 15.4 to 15.8 percent in 2003.The improved measure encompasses investment in moveable equipment and software, as well as expenditures for the construction of structures used by the medical sector.

View Article: PubMed Central - PubMed

Affiliation: Centers for Medicare & Medicaid Services, Baltimore, MD 21244-1850, USA. Arthur.Sensenig@cms.hhs.gov

ABSTRACT
The National Health Expenditure Accounts (NHEA) were revised with the release of the 2004 estimates. The largest revision was the incorporation of a more comprehensive measure of investment in medical sector capital. The revision raised total health expenditures' share of gross domestic product (GDP) from 15.4 to 15.8 percent in 2003. The improved measure encompasses investment in moveable equipment and software, as well as expenditures for the construction of structures used by the medical sector.

Show MeSH
Estimates of Investment in Medical Sector Structures, Equipment and Software: Calendar Years 1960-2004
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f1-hcfr-28-1-009: Estimates of Investment in Medical Sector Structures, Equipment and Software: Calendar Years 1960-2004

Mentions: The NHEA measure spending on health care in the U.S. With the most recent release of estimates for 1960-2004, the NHEA underwent a comprehensive or benchmark revision. The largest revision to the NHEA was due to the changes to the investment estimates. Figure 1 demonstrates the significance of this revision. To more accurately measure investment in medical capital, and to comply with internationally accepted standards, such as the System of Health Accounts (SHA) developed in 2000, by the Organization for Economic Co-operation and Development (OECD), the NHEA definition of construction has been revised and expanded. Specifically, a number of government-sponsored advisory panels have recommended that the capital equipment acquired by health care providers be added to the NHEA definition of investment. In an effort to address these recommendations, CMS contracted for an evaluation of the available sources of data for improving the NHEA estimates of investment (Donahoe, 2002).


Improved estimates of capital formation in the National Health Expenditure Accounts.

Sensenig AL, Donahoe GF - Health Care Financ Rev (2006)

Estimates of Investment in Medical Sector Structures, Equipment and Software: Calendar Years 1960-2004
© Copyright Policy
Related In: Results  -  Collection

Show All Figures
getmorefigures.php?uid=PMC4194967&req=5

f1-hcfr-28-1-009: Estimates of Investment in Medical Sector Structures, Equipment and Software: Calendar Years 1960-2004
Mentions: The NHEA measure spending on health care in the U.S. With the most recent release of estimates for 1960-2004, the NHEA underwent a comprehensive or benchmark revision. The largest revision to the NHEA was due to the changes to the investment estimates. Figure 1 demonstrates the significance of this revision. To more accurately measure investment in medical capital, and to comply with internationally accepted standards, such as the System of Health Accounts (SHA) developed in 2000, by the Organization for Economic Co-operation and Development (OECD), the NHEA definition of construction has been revised and expanded. Specifically, a number of government-sponsored advisory panels have recommended that the capital equipment acquired by health care providers be added to the NHEA definition of investment. In an effort to address these recommendations, CMS contracted for an evaluation of the available sources of data for improving the NHEA estimates of investment (Donahoe, 2002).

Bottom Line: The largest revision was the incorporation of a more comprehensive measure of investment in medical sector capital.The revision raised total health expenditures' share of gross domestic product (GDP) from 15.4 to 15.8 percent in 2003.The improved measure encompasses investment in moveable equipment and software, as well as expenditures for the construction of structures used by the medical sector.

View Article: PubMed Central - PubMed

Affiliation: Centers for Medicare & Medicaid Services, Baltimore, MD 21244-1850, USA. Arthur.Sensenig@cms.hhs.gov

ABSTRACT
The National Health Expenditure Accounts (NHEA) were revised with the release of the 2004 estimates. The largest revision was the incorporation of a more comprehensive measure of investment in medical sector capital. The revision raised total health expenditures' share of gross domestic product (GDP) from 15.4 to 15.8 percent in 2003. The improved measure encompasses investment in moveable equipment and software, as well as expenditures for the construction of structures used by the medical sector.

Show MeSH