Cost-benefit analysis of setting up 24-hour emergency clinics in Hong Kong public hospitals

2014 ◽  
Author(s):  
Ming-yung Ng
Keyword(s):  
Hong Kong ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Public Hospitals ◽  
Benefit Analysis

Life-cycle cost-benefit analysis on sustainable food waste management: The case of Hong Kong International Airport

2018 ◽  
Vol 187 ◽  
pp. 751-762 ◽  
Author(s):  
Chor-Man Lam ◽  
Iris K.M. Yu ◽  
Francisco Medel ◽  
Daniel C.W. Tsang ◽  
Shu-Chien Hsu ◽  
...  
Keyword(s):  
Hong Kong ◽  
Life Cycle ◽  
Waste Management ◽  
Food Waste ◽  
Life Cycle Cost ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Sustainable Food ◽  
Hong Kong International Airport

scholarly journals Cost-benefit analysis of outsourcing cleaning services at Mahalapye hospital, Botswana

2015 ◽  
Vol 5 (1) ◽  
pp. 114 ◽  
Author(s):  
Jonathan Cali ◽  
Heather Cogswell ◽  
Mompati Buzwani ◽  
Elizabeth Ohadi ◽  
Carlos Avila
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Public Hospitals ◽  
Unit Price ◽  
Cost Ratio ◽  
Benefit Analysis ◽  
Activity Based Costing ◽  
Value For Money ◽  
Hospital Managers

Objective: As part of its national privatization strategy to diversify the economy, Botswana has started outsourcing nonclinical services at seven public hospitals. Hospital managers are signing contracts without knowing whether outsourcing offers better value for money than “insourcing”. The objective of this study is to assist hospital administrators in making evidence-based outsourcing decisions.Methods: We conducted a cost-benefit analysis of cleaning services at Mahalapye Hospital. We take the hospital manager’s perspective when considering two alternatives: outsourcing, and “insourcing”. We used an activity-based costing approach and monetised benefits by weighting costs of the alternatives based on a service quality survey of hospital managers.Results: After adjusting per quality of the service, outsourcing provides greater value for money in terms of “cleanliness per pula spent” than insourcing. Incremental costs of outsourcing are Botswana Pula (BWP) 5 million (US $524,135) over five years but outsourcing is cost-beneficial after considering quality. The benefit-cost ratio of 1.06 means that outsourcing would return six cents in value for every dollar invested, resulting in net gains for Mahalapye Hospital of BWP 1.7 million (US $182,365) over five years.Discussion: Important lessons for hospital managers include: 1) Assessing the value of outsourcing requires information on the unit price of the outsourced services; 2) Outsourcing can be more costly than insourcing; 3) Outsourcing may be justified if it increases the quality of the service; 4) Collaboration between hospitals and vendors could reduce costs and increase benefits for both vendor and purchaser; and 5) Outsourcing should get more cost-beneficial as vendors and hospitals gain experience working together.Conclusions: The lessons from this study are relevant to other hospitals considering outsourcing agreements. Outsourcing requires managerial skills, supported by sound benchmark data and proper quality monitoring to streamline operations, achieve value for money and improve service delivery so hospitals can focus on core clinical services.

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