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Multifactor productivity in physicians' offices: an exploratory analysis.

Fisher C - Health Care Financ Rev (2007-2008 Winter)

Bottom Line: During 1983-1992, physicians' office MFP growth exceeded general economy MFP.For 1993-2000, physicians' office MFP growth was both negative and below general economy rates.For the most recent period analyzed, 2001-2004, physician's office MFP grew nearly as quickly as the general economy.

View Article: PubMed Central - PubMed

Affiliation: EFisher825@aol.com

ABSTRACT
This article constructs measures of multifactor productivity (MFP) for physicians' offices using a variation of the productivity methodology developed by the U.S. Bureau of Labor Statistics (BLS) for other industries. Two alternatives measures are presented and both yield positive gains in physicians' office MFP over the study period. These increases lie below MFP rates for the general economy (private non-farm business sector). During 1983-1992, physicians' office MFP growth exceeded general economy MFP. For 1993-2000, physicians' office MFP growth was both negative and below general economy rates. For the most recent period analyzed, 2001-2004, physician's office MFP grew nearly as quickly as the general economy.

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Average Percent Changes in Physicians and Non-Farm Business Multifactor Productivity, by Selected Periods
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f1-hcfr-29-2-015: Average Percent Changes in Physicians and Non-Farm Business Multifactor Productivity, by Selected Periods

Mentions: To highlight key trends in average annual rates, this study is divided into three periods: 1983-1992, 1993-2000, and 2001-2004 (Figure 1).


Multifactor productivity in physicians' offices: an exploratory analysis.

Fisher C - Health Care Financ Rev (2007-2008 Winter)

Average Percent Changes in Physicians and Non-Farm Business Multifactor Productivity, by Selected Periods
© Copyright Policy
Related In: Results  -  Collection

Show All Figures
getmorefigures.php?uid=PMC4195019&req=5

f1-hcfr-29-2-015: Average Percent Changes in Physicians and Non-Farm Business Multifactor Productivity, by Selected Periods
Mentions: To highlight key trends in average annual rates, this study is divided into three periods: 1983-1992, 1993-2000, and 2001-2004 (Figure 1).

Bottom Line: During 1983-1992, physicians' office MFP growth exceeded general economy MFP.For 1993-2000, physicians' office MFP growth was both negative and below general economy rates.For the most recent period analyzed, 2001-2004, physician's office MFP grew nearly as quickly as the general economy.

View Article: PubMed Central - PubMed

Affiliation: EFisher825@aol.com

ABSTRACT
This article constructs measures of multifactor productivity (MFP) for physicians' offices using a variation of the productivity methodology developed by the U.S. Bureau of Labor Statistics (BLS) for other industries. Two alternatives measures are presented and both yield positive gains in physicians' office MFP over the study period. These increases lie below MFP rates for the general economy (private non-farm business sector). During 1983-1992, physicians' office MFP growth exceeded general economy MFP. For 1993-2000, physicians' office MFP growth was both negative and below general economy rates. For the most recent period analyzed, 2001-2004, physician's office MFP grew nearly as quickly as the general economy.

Show MeSH