title: The effects of capital and human resource investments on hospital performance.
abstract: Data are employed from a sample of New York hospitals and the Hospital Consumer Assessment Healthcare Providers and Systems database to analyze the effects of capital spending, staffing levels, and salaries on hospital performance. The most striking result is that higher average salaries are associated with lower length of stay, lower mortality rate, and higher satisfaction but are not significantly related to cost per patient. Therefore, it appears that human resource investments may be associated with better patient outcomes without significantly increasing the cost of patient care.
authors.forename: Gregory N
authors.initials: GN
authors.lastname: Stock
authors.forename: Christopher
authors.initials: C
authors.lastname: McDermott
authors.forename: Margaret
authors.initials: M
authors.lastname: McDermott
mesh_terms: D002202:Capital Financing; D016208:Databases, Factual; D004469:Economics, Hospital; D006761:Hospitals / Q000592:standards*; D006801:Humans; D009518:New York; D017063:Outcome Assessment, Health Care; D010561:Personnel Staffing and Scheduling; D019984:Quality Indicators, Health Care; D012044:Regression Analysis; D012456:Salaries and Fringe Benefits