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Title
Impact of State hospital rate setting on capital formation.
First Author
Cromwell, Jerry L
Date of Pub
1987 Spring
Pages
69-82
Volume
8
Issue
3
Other Authors
N/A
Abstract
For this article, a new national data base of Medicare's cost reports on more than 2,000 hospitals is used to measure the impact of State prospective rate setting on capital formation. Several investment measures are analyzed, both in nominal and real terms, using a combination of descriptive and multivariate techniques. Results indicate that, over the last decade, State hospital rate-setting programs have had little demonstrable effect on capital formation and they have not caused any significant aging of plant assets. Programs in both New York and Massachusetts were found to be associated with a slowing in the rate of bed growth, however, resulting in significant long-term cost savings.
Abstract Continued
N/A
MeSH
Capital Financing : Financial Management : Prospective Payment System : Data Collection : Hospitals, Community/economics : Investments/economics : Medicare/economics : Rate Setting and Review/legislation & jurisprudence : State Government : Support, U.S. Gov't, Non-P.H.S. : United States
NTIS Number
PB88-131578