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Title: Arrangements with the NHS for providing healthcare services: do they improve financial performance of private for-profit hospitals in Spain?
Authors: Ruiz Mallorquí, María Victoria 
Aguiar Díaz, Inmaculada 
González López-Valcárcel, Beatriz 
UNESCO Clasification: 531207 Sanidad
Keywords: Hospitals
Financial performance
Private commissioning in healthcare
Issue Date: 2021
Project: Encaje Público-Privado en Sanidad: Calidad, Sostenibilidad y Cambios Del Modelo Español 
Journal: Health Economics Review 
Abstract: Background In developed countries around the world there is a trend to enhance the public-private collaboration in healthcare. In Spain, a decentralized country with a NHS funded with taxes and universal coverage, commissioning to for-profit private hospitals the production of healthcare services to specific patients that are publicly insured is a traditional practice. Around 43% of the for-profit private hospitals in Spain have a commissioning agreement with the NHS to diagnose or treat patients on public tariffs. These revenues represent 26% of the total revenues of private for-profit hospitals. The research question of this study is if commissioning with the NHS improves the financial performance of private-for-profit hospitals in Spain. Methods With a long panel (2000–2017) of for-profit hospitals we estimate a model for the financial performance (return on assets) using commissioning as main explanatory variable and other variables as control (variables financial indicators and structural information). Specific models are estimated for subgroups of hospitals according to size and specialization. The models are estimated by panel regression with fixed effects and GMM as robustness. Results Private for-profit hospitals that have commissioning with NHS obtain higher financial performance than no-commissioning hospitals. This effect varies depending on hospital size and type (hospital specialization), the advantage being more relevant for general hospitals and particularly for hospital with at least 50 beds. Conclusions Commissioning with the NHS is a promising source of financial profitability for general acute private for-profit hospitals. The evidence provided by this study may orientate the NHS in the regulation and negotiation of commissioning contracts in healthcare.
ISSN: 2191-1991
DOI: 10.1186/s13561-021-00304-4
Source: Health Economics Review [ISSN 2191-1991], v. 11, Article number 9, (2021)
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