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Unformatted text preview: Economies of Scale Competition and Costs Supply of health care – Hospitals Angela Fertig Spring 2010 Angela Fertig Supply of health care – Hospitals Economies of Scale Competition and Costs I Last time, we discussed demand for health and health care. I Now we are moving to the supply side. I There are several topics important to hospitals which economics can say a lot... I Economies of Scale I Competition and Costs I Cost Shifting I Excess Demand in Nursing Homes Angela Fertig Supply of health care – Hospitals Economies of Scale Competition and Costs Trends Cost Curves Economies of Scale Trends Chart 2.2: Number of Beds and Number of Beds per 1,000 Persons, 1981 – 2006 Number of Beds Number of Beds per 1,000 200,000 400,000 600,000 800,000 1,000,000 1,200,000 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 Beds 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Beds per Thousand Source: Avalere Health analysis of American Hospital Association Annual Survey data, 2006, for community hospitals. Angela Fertig Supply of health care – Hospitals Economies of Scale Competition and Costs Trends Cost Curves Economies of Scale Trends Chart 3.3: Inpatient Admissions per 1,000 Persons, 1981 – 2006 20 40 60 80 100 120 140 160 180 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 Inpatient Admissions per Thousand Source: Avalere Health analysis of American Hospital Association Annual Survey data, 2006, for community hospitals. US Census Bureau: National and State Population Estimates, July 1, 2006. Link: http://www.census.gov/popest/states/tables/NST-EST2006-01.xls. Angela Fertig Supply of health care – Hospitals Economies of Scale Competition and Costs Trends Cost Curves Economies of Scale Trends Chart 3.5: Average Length of Stay in Community Hospitals, 1981 – 2006 7.6 7.6 7.6 7.3 7.1 7.1 7.2 7.2 7.2 7.2 7.2 7.1 7.0 6.7 6.5 6.2 6.1 6.0 5.9 5.8 5.7 5.7 5.7 5.6 5.6 5.6 1 2 3 4 5 6 7 8 9 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 Days Source: Avalere Health analysis of American Hospital Association Annual Survey data, 2006, for community hospitals. Angela Fertig Supply of health care – Hospitals Economies of Scale Competition and Costs Trends Cost Curves Economies of Scale Trends Chart 3.13: Hospital Outpatient Visits per 1,000 Persons, 1981 – 2006 500 1,000 1,500 2,000 2,500 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 Visits per Thousand Source: Avalere Health analysis of American Hospital Association Annual Survey data, 2006, for community hospitals. US Census Bureau: National and State Population Estimates, July 1, 2006. Link: http://www.census.gov/popest/states/tables/NST-EST2006-01.xls ....
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This note was uploaded on 01/18/2012 for the course HPAM 8600 taught by Professor Ferig during the Spring '11 term at University of Georgia Athens.

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slides5 - Economies of Scale Competition and Costs Supply...

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