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The cost efficiency of regional public hospitals in South Korea

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  • The cost efficiency of regional public hospitals in South Korea
  • Kang, Sang-Mok; Kim, Moon-Hwee
  • Scientific Research Publishing


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Title The cost efficiency of regional public hospitals in South Korea
Similar Titles
Material Type Reports
Author(English)

Kang, Sang-Mok; Kim, Moon-Hwee

Publisher

[Wuhan]:Scientific Research Publishing

Date 2014-07
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Social Development < Health
Holding Scientific Research Publishing

Abstract

This paper investigates the cost efficiency (CE), technical efficiency (TE), allocative efficiency (AE), and scale efficiency (SE) over 34 regional public hospitals in South Korea from 2007 to 2010 using Data Envelopment Analysis (DEA). The CE, AE, and TE of these hospitals during the period are 0.52, 0.71, and 0.74, on average, respectively, indicating that there is a possibility to reduce their inefficiency of 48%, 29%, and 26% by reallocating the input mix or scaling input back. SE of these hospitals during the same period is 0.85, suggesting that most of the regional public hospitals do not operate under the optimal scale which is efficient relative to both constant returns to scale (CRS) and variable returns to scale (VRS) technologies. (The rest omitted)