Measuring medical productivity to gauge the value of Medicare.
Having a measure of productivity that relates funds and effort spent on medical treatment to health outcomes could help policymakers better understand whether they are getting value for the money spent on public health insurance programs. This article describes such a metric, the medical productivity index (MPI), and illustrates how it was used to analyze a sampling of Medicare claims from 2007 through 2009.
Department of Finance, Medical Industry Leadership Institute, Carlson School of Management, University of Minnesota, USA.
Stephen T
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Parente
D003365:Costs and Cost Analysis / Q000191:economics; D017598:Efficiency, Organizational / Q000191:economics*; D006801:Humans; D007345:Insurance Claim Review / Q000191:economics; D006278:Medicare / Q000191:economics*; D008910:Minnesota; D017063:Outcome Assessment, Health Care / Q000191:economics; D011050:Policy Making; D014481:United States; D062505:Value-Based Purchasing / Q000191:economics*