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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.

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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 Annual Percent Change in Capital Service Price and Quantity, by Selected Periods
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f3-hcfr-29-2-015: Average Annual Percent Change in Capital Service Price and Quantity, by Selected Periods

Mentions: Capital service rentals as a proportion of physician office revenue, stable for many years, increased sharply beginning in 1998. This is primarily a result of rapidly increasing capital rental rates per unit of capital (Figure 3).


Multifactor productivity in physicians' offices: an exploratory analysis.

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

Average Annual Percent Change in Capital Service Price and Quantity, by Selected Periods
© Copyright Policy
Related In: Results  -  Collection

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

f3-hcfr-29-2-015: Average Annual Percent Change in Capital Service Price and Quantity, by Selected Periods
Mentions: Capital service rentals as a proportion of physician office revenue, stable for many years, increased sharply beginning in 1998. This is primarily a result of rapidly increasing capital rental rates per unit of capital (Figure 3).

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