Slides now available from seminar: Economic Incentives in the Hospice Care Setting: A Comparison of For-Profit and Nonprofit Providers
In conjunction with HSRC and CAGTR of Victoria University of Wellington, ISCR would like to extend an invitation to you to attend the upcoming lunchtime seminar presented by Dana A. Forgione, Janey S. Briscoe Endowed Chair in the Business of Health, University of Texas at San Antonio:
Wednesday 13 July 2011
Railway West Wing, Room 413
Pipitea Campus, Victoria University of Wellington
12.30-2.00pm
This is a free seminar. Please feel free to bring your own lunch.
Tea and coffee will be provided
ECONOMIC INCENTIVES IN THE HOSPICE CARE SETTING:
A Comparison of For-Profit and Nonprofit Providers
We examine the association of differences in economic incentives between for-profit (FP) and nonprofit (NP) hospice care providers with management performance, using financial and nonfinancial metrics. We use the expectations of Agency theory and apply proxies for quality of patient care, while controlling for cost-efficiency. We find that FP hospices (1) selectively admit patients with longer life-prognoses & billable days and hence lower average cost per day, (2) use a lower average cost/skill mix of workers, and (3) have higher CEO compensation & profit. While the profit incentive may be needed to attract providers into this rapidly expanding and underserved market, the NP providers achieve a lower cost per patient served, from the taxpayer's perspective.
Dana A. Forgione, PH.D., CPA, CMA, CFE is the Janey S. Briscoe Endowed Chair in the Business of Health at the University of Texas at San Antonio. He is also an Adjunct Professor in the School of Medicine (Departments of Cardiothoracic Surgery, and Paediatrics), as well as in the School of Public Health, at the University of Texas. He was previously on the faculty of the School of Pharmacy at the University of Maryland. Dr. Forgione is a consultant to healthcare organizations and has analysed the financial and operating performance of more than 5,500 hospitals throughout the US. His litigation support and consulting work was used twice by the US Congress in national healthcare policy deliberations, and by the Texas Attorney General in landmark hospital charity care legislation. He has collaborated with the EuroDRG project for eventual convergence of healthcare payment systems throughout the European Union. He has more than 113 publications and 41 editorial and reviewing roles to his credit.
If you would like to attend this seminar please contact:
kathy.mckenzie@vuw.ac.nz or phone: (04) 463-5562