Pay-for-Performance in Australian Healthcare
Added on 2020-04-21
11 Pages2615 Words305 Views
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Running head: HUMAN RESOURCE ECONOMICSHuman Resource EconomicsName of Student:Name of University:Author’s Note:
1HUMAN RESOURCE ECONOMICSTable of ContentsIntroduction......................................................................................................................................2Industry’s current deficiency in paying for performance................................................................2Performance evaluation...................................................................................................................5Paying for performance...................................................................................................................6Conclusion.......................................................................................................................................9References......................................................................................................................................10
2HUMAN RESOURCE ECONOMICSIntroduction The essay intends to examine the issues associated to pay and performance. The mainfindings has been csonsidered with economic literature on the effectiveness of pay forperformance and how the different types of consideration for performance should be determinedbased on incentive pay. The economic literature has been associated with efficiency theorieswhich has emphasised on relationship between performance and pay. The efficiency withtheories has been able to offer a clear idea of market environment and employees increasingproductivity. This has been further identifies with several types of types of the other instancessuch as workplace cohesiveness, imply responsibility, loyalty and reduces risk of shrinking. Theindustry considered for this situation has been identified with Australian healthcare industry.“The Organisation for Economic Co-operation and Development OECD” has been able topublish a health system priorities report which shows that health spending continues to growfaster in several countries under OECD Regime. Based on Australia’s experience of pay forperformance the growth in medical sector has been seen to be limited in nature with severalscope of improvement at the same time. The Bundaberg Base Hospital scandal has resulted inQueensland government introducing new clinical practice for improvement in the paymentstructure for meeting specific clinical benchmarks among the clinical units. The deficiency inpay for performance and the measures for improvement of the same has been determined withapplication of efficiency wages theory (Econ.ohio-state.edu, 2017).Industry’s current deficiency in paying for performancePay for performance (P4P) is seen to be increasingly used to aid the work of health careproviders for improving the performances. There have been several evidences on the
3HUMAN RESOURCE ECONOMICSeffectiveness use of P4P implementation which has been seen to be remaining evident. Thevarious types of floors in the program have been further able to contribute to the designing ofeffective program for complex undertaking of P4P model. In general, the P4P is ideally definedunder set of major comprehensible ideas. The different types of concerns for the P4P have beenevaluated based on selection and teaching of the test which cannot be dismissed. Thesophisticated risk for the adjustment is seen to be the main outcome for the utilisation of resourcemeasures (Ucnet.universityofcalifornia.edu, 2017).Bundaberg Base Hospital is identified as one of the Australia’s most recognised facilityfor including emergency care, general medical facilities and community health services with atotal funding of $17.77 million which has been allocated for the health facility in cancer carefacility. The public hospital is seen to be situated in Bundaberg, Queensland, Australia. The mainbase of the regional centre for the hospital is identified to take referral from outlying hospitalsalong with various types of focus on specialised skills. Bundaberg Hospital was seen to be facingpolitical scandal due to negligence of one of its surgeons named Jayant Patel who was seen to befacing charges of misconduct and unlawful killing of three patients along with grievous bodilyharm to the fourth patient. The aforementioned case has been identified by government ofQueensland introducing clinical practice improvement in payment of the surgeons whichincludes the scheme for incentives among public hospital employees (Aph.gov.au, 2017).The pay for performance schemes in Australia consider whether quality improvement inphysical condition can be achieved with less costly approach of public performance reportingand various types of continuing performance monitoring. The most common way of reporting ofperformance on various types of health care providers has been seen with using variety ofindicators such as hospital readmission, infection rates and mortality rates.
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