slides8 - Physician Productivity Shortages Physician Price...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Physician Productivity Shortages Physician Price Discrimination Supply of health care – Labor 1 Angela Fertig Spring 2010 Angela Fertig Supply of health care – Labor 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Physician Productivity Shortages Physician Price Discrimination Labor Topics Last time, we discussed hospitals. Now, we are moving to the workers in the health care industry. I Physician productivity I Shortages I Physician price discrimination I Supplier induced demand I Small area variation I Malpractice Angela Fertig Supply of health care – Labor 1
Background image of page 2
Physician Productivity Shortages Physician Price Discrimination Physician Productivity I High productivity leads to: I high wages I lower prices I Are physicians as productive as their salaries imply? I Since we would like lower health care prices, how can they becomes more productive? Angela Fertig Supply of health care – Labor 1
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Physician Productivity Shortages Physician Price Discrimination Factor Productivity There are two measures of factor productivity I Average Product Q L I Marginal Product Δ Q Δ L Angela Fertig Supply of health care – Labor 1
Background image of page 4
Shortages Physician Price Discrimination Are physicians productive enough to justify high salaries? Input MP Physician 2.967 Secretary 0.192 Registered Nurse 0.585 Practical Nurse 0.542 Technician 0.320 Physician Assistant 0.231 They are more productive than others with lower salaries. Angela Fertig
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

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.

Page1 / 18

slides8 - Physician Productivity Shortages Physician Price...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online