The effects of capital and human resource investments on hospital performance.

Gregory N. Stock, Christopher McDermott, Margaret McDermott

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

Data are employed from a sample of New York hospitals and the Hospital Consumer Assessment Healthcare Providers and Systems database to analyze the effects of capital spending, staffing levels, and salaries on hospital performance. The most striking result is that higher average salaries are associated with lower length of stay, lower mortality rate, and higher satisfaction but are not significantly related to cost per patient. Therefore, it appears that human resource investments may be associated with better patient outcomes without significantly increasing the cost of patient care.

Original languageEnglish (US)
Pages (from-to)14-19
Number of pages6
JournalHospital Topics
Volume92
Issue number1
DOIs
StatePublished - 2014
Externally publishedYes

ASJC Scopus subject areas

  • Medicine(all)

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