This study examined the impact of developing a health-specific measure of physician productivity for calculating the Medicare Economic Index.
Researchers developed a conceptual framework for different types of productivity and the problems of measuring them. A health care measure of the Medicare Economic Index was then developed. The measure indicated that all-factor non-farm productivity was about 5 to 10 percent higher than the health care measure in the last ten years.
The assumptions needed to create the measure, and the availability of data left most experts convinced that further work was needed before the health measure could be substituted into the current Medicare Economic Index.
Report Title: Accounting More Accurately for Physician Productivity Investments and Capital Investments in the Update Scheme The papers prepared under this project can be obtained from the Federal Contact
Agency Sponsor: ASPE-OHP, Office of Health Policy
Federal Contact: George Greenberg, 202-690-7794
Performer: Zachary Dyckman; Fund Transferred from the Office of the Assistant Secretary for Planning and Evaluation to the Centers for Medicare & Medicaid Services
PIC ID: 8628