Efficiency Flashcards
What is Equity defined as?
The quality of being fair and impartial
What is Efficiency defined as?
Getting the maximal output from the available input
Give 4 examples of sources where Healthcare funding money is from
- General taxation
- Social insurance
- Private insurance
- User charges / copayments
Give two reasons as to why there is now an increased demand for healthcare?
- Multi-morbidities across all age groups
- Rise of technological advances
Per head, how much funding does England receive from the UK NHS Budget?
£1584
Define Opportunity Cost
What is given up when a patient is treated
What are the two types of Efficiency?
- Technical Efficiency
2. Allocative Efficiency
Define “Technical Efficiency”
Maximum possible improvement in outcome is obtained from a set of resource inputs
Define “Allocating Efficiency”
Resources allocated so as to maximise the welfare of the community
Why is it important to be Efficient?
- Resources are scarce
- Inefficiency is unethical
- Achieving efficiency ensures maximisation of health gains
What is EQ-5D?
A standardised instrument to measure general health status in patients
Give an example of a means to encourage GPs to save money?
QOF (Quality and Outcomes Framework)
Give an example of a measures to encourage hospitals to save money?
CQUINN (Commissioning for Quality and Innovation)
