TY - JOUR
T1 - The effects of capital and human resource investments on hospital performance.
AU - Stock, Gregory N.
AU - McDermott, Christopher
AU - McDermott, Margaret
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
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U2 - 10.1080/00185868.2014.875316
DO - 10.1080/00185868.2014.875316
M3 - Article
C2 - 24621134
AN - SCOPUS:84902955834
SN - 0018-5868
VL - 92
SP - 14
EP - 19
JO - Hospital Topics
JF - Hospital Topics
IS - 1
ER -