Variation in Health Care Spending Target Decision Making, Not Geography (2013) / Chapter Skim
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Appendix A: Glossary
Appendix A: Glossary
Pages 125-128
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From page 125... ...
The committee uses the CV to compare the degree of variability in Medicare and commercial populations with respect to health care spending and use. Because both the numerator and the denominator of this variable are in the same units, the magnitude of the CV does not depend on the units in which it is measured (e.g., dollars or thousands of dollars)
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From page 126... ...
Efficiency: Production and allocation of goods and services that generate the most utility for a given set of resources or inputs. Health care cost: The actual costs of production.
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From page 127... ...
Price: The amount paid by insurers and beneficiaries to a provider for health care services. Quality: The degree to which health care services for individuals and populations increase the likelihood of patient-desired health outcomes and are consistent with current professional knowledge.
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From page 128... ...
128 VARIATION IN HEALTH CARE SPENDING Value index: A relative measure of value, e.g., a measure of improvement in patient-centered, clinical health outcomes per unit of resources use in one area relative to the national average.
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Key Terms
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