Providing cost data to physicians helps contain costs.
Findings of a survey of 1,200 physicians suggest that healthcare organizations that provide physicians with pricing information can reduce resource utilization and control costs more effectively than organizations that do not provide such information. These findings also suggest that healthcare financial managers who are aware of physicians' responses to cost information--and who furnish them with effective cost information--may gain a timely competitive advantage.
Awasthi
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VN
Santa Clara University, CA, USA.
Eldenburg
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L
D001364:Awareness; D002140:California; D003363:Cost Control / Q000379:methods / Q000706:statistics & numerical data; D005431:Florida; D017721:Hospital Costs; D006801:Humans; D007255:Information Services / Q000145:classification / Q000706:statistics & numerical data*; D008505:Medical Staff, Hospital / Q000193:education* / Q000523:psychology / Q000706:statistics & numerical data; D009042:Motivation; D009518:New York; D011787:Quality of Health Care / Q000191:economics; D011795:Surveys and Questionnaires; D014861:Washington