Measuring Efficiency and Productivity Change of Multi-Specialty Private Sector Hospitals in India : A DEA Based Malmquist Productivity Index Approach

Ranjith, V K and Patel, Prathibha M (2018) Measuring Efficiency and Productivity Change of Multi-Specialty Private Sector Hospitals in India : A DEA Based Malmquist Productivity Index Approach. Indian Journal of Finance, 12 (5). pp. 25-42. ISSN 0973-8711

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Abstract

This study analyzed the efficiency of 28 un-listed standalone multi-specialty private sector hospitals in India with panel data from 2012-2013 to 2014-2015 using Malmquist data envelopment analysis. The study used a number of beds, number of physicians and number of other medical staff as input variables. The number of inpatients, number of outpatients and number of major surgeries were used as output variables. While output oriented CCR and BCC models were used to estimate the technical and scale efficiencies, Malmquist productivity Index was used to evaluate productivity changes over years in terms of technical efficiency change and technological change. The values by which inefficient hospitals should increase their output and/or decrease their input were estimated hospital wise across three years. The estimations presented current levels of different efficiency parameters and facilitated the overall evaluation of individual hospitals based on the values and their increase/decrease. It was found that the hospitals achieved a moderate productivity growth of 6.3 per cent during the period of the study. The results of the study provided critical implications for hospital managers.

Item Type: Article
Uncontrolled Keywords: Efficiency, Productivity, Private Sector Hospitals, Data Envelopment Analysis, Malmquist Productivity
Subjects: Management > MIM Manipal
Depositing User: MIM User
Date Deposited: 26 Jun 2018 04:45
Last Modified: 26 Jun 2018 04:45
URI: http://eprints.manipal.edu/id/eprint/151354

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