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Profit efficiency and ownership of German hospitals

✍ Scribed by Annika Herr; Hendrik Schmitz; Boris Augurzky

Publisher: John Wiley and Sons
Year: 2011
Tongue: English
Weight: 157 KB
Volume: 20
Category: Article
ISSN: 1057-9230
DOI: 10.1002/hec.1622

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✦ Synopsis

This paper investigates the cost and profit efficiency of German hospitals and their variation with ownership type. It is motivated by the empirical finding that private (for-profit) hospitals -having been shown to be less cost efficient in the past -on average earn higher profits than public hospitals. We conduct a Stochastic Frontier Analysis on a multifaceted administrative German data set combined with the balance sheets of 541 hospitals of the years 2002-2006. The results show no significant differences in cost efficiency but higher profit efficiency of private than of publicly owned hospitals.

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