Capital investment in public hospitals

Date

2002

Authors

Deeble, Geoffrey

Journal Title

Journal ISSN

Volume Title

Publisher

Australian Hospital Association

Abstract

Capital investment is a major concern for public hospitals. Relative to operating expenditures, it has been almost constant for 40 years, despite great changes in technology and patient throughputs. Research studies during the last decade suggest that over that time almost all investment has been on simply replacing existing assets. Per person, the total capital stock has actually declined. However most replacement outlays are predictable. Although major building outlays may still need some central supervision, equipment replacement can be projected with enough confidence to fund it through operating grants. Using data from several surveys, some capital-weighted DRGs have been developed and a funding system suggested.

Description

Keywords

Keywords: article; Australia; economics; financial management; health care cost; investment; organization and management; public hospital; statistics; Australia; Capital Financing; Health Expenditures; Hospitals, Public; Investments; Private Sector; Public Sector

Citation

Source

Australian Health Review

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

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