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- Title
Multifactor Productivity in Physicians' Offices: An Exploratory Analysis.
- Authors
Fisher, Charles
- Abstract
This article constructs measures of multifactor productivity (MFP) for physicians' offices using a variation of the productivity methodology developed by the U.S. Bureau of Labor Statistics (BLS) for other industries. Two alternatives measures are presented and both yield positive gains in physicians' office MFP over the study period. These increases lie below MFP rates for the general economy (private nonfarm business sector). During 19831992, physicians' office MFP growth exceeded general economy MFP. For 19932000, physicians' office MFP growth was both negative and below general economy rates. For the most recent period analyzed, 20012004, physician's office MFP grew nearly as quickly as the general economy.
- Subjects
MEDICAL practice; MEDICAL offices; HEALTH facilities; MEDICAL personnel; PHYSICIANS; LABOR productivity
- Publication
Health Care Financing Review, 2007, Vol 29, Issue 2, p15
- ISSN
0195-8631
- Publication type
Article