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Applying economic principles to health care.
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2001 Mar-Apr
Source: Emerg Infect Dis. 7(2):282-285.
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Alternative Title:Emerg Infect Dis
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Description:Applying economic thinking to an understanding of resource use in patient care is challenging given the complexities of delivering health care in a hospital. Health-care markets lack the characteristics needed to determine a "market" price that reflects the economic value of resources used. However, resource allocation in a hospital can be analyzed by using production theory to determine efficient resource use. The information provided by hospital epidemiologists is critical to understanding health-care production processes used by a hospital and developing economic incentives to promote antibiotic effectiveness and infection control.
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