This session was held on November 1, 2012 as part of the Melbourne Institutes
2012 Economic and Social Outlook Conference
“How will activity based funding contribute to more efficiency in public hospitals?
I would argue it is just impossible to determine an efficient price for a service that will be reasonable for a large hospital on the north side and another on the south side of Sydney - let alone more broadly. For cost information to be useful in managing it has to be believed by those involved i.e. the local clinicians and I would argue the approach being adopted is compromised severely by not having really localised cost inputs.