Hospitals worldwide command the majority of any countries’ health care budget. Reasons for these higher costs include the aging of the population requiring more intensive health care treatments provided in hospitals, the relatively high costs of labor in this labor intensive industry and payment systems that may encourage inefficient behavior on the part of hospital managers and physicians, that have not been fully mitigated via reforms and regulations.
Blank, J.L.T. and Valdmanis, V.G. (2007), "Chapter 1 Productivity in Hospital Industry", Blank, J.L.T. and Valdmanis, V.G. (Ed.) Evaluating Hospital Policy and Performance: Contributions from Hospital Policy and Productivity Research (Advances in Health Economics and Health Services Research, Vol. 18), Emerald Group Publishing Limited, Bingley, pp. 3-12. https://doi.org/10.1016/S0731-2199(07)00001-5
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