Reference price: a tool for pricing new healthcare services.
The convergent validity and scale reliability of three measures of Reference Price (R-Price) were assessed for a "new" healthcare service using an adult sample. The Pearson correlation, Cronbach's alpha and Factor analysis results indicate that the multiple scale R-Price measure exhibits both reliability and convergent validity. As a result, the R-price scale could be used as an additional input for estimating demand of a healthcare service at a given price. The paper also draws some managerial implications for healthcare professionals.
Kosenko
R
R
Bradley University, Peoria, IL.
Hill
D J
DJ
Baer
R
R
D000328:Adult; D003625:Data Collection; D005249:Fees and Charges / Q000706:statistics & numerical data*; D006296:Health Services / Q000191:economics*; D006801:Humans; D011907:Rate Setting and Review / Q000706:statistics & numerical data*; D015203:Reproducibility of Results; D014481:United States