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Risk and the GP budget holder
Author(s)Stephen Martin, Nigel Rice, Peter C Smith
Corporate AuthorCentre for Health Economics, University of York; York Health Economics Consortium; NHS Centre for Reviews and Dissemination
PublisherUniversity of York, York, 1997
Pages19 pp (Centre for Health Economics discussion paper, 152)
SourceThe Publications Office, Centre for Health Economics, University of York, York YO1 5DD.
KeywordsGeneral practice ; General practitioners ; Grant allocation ; Econometrics.
AnnotationFor most people, the use made of health care in a given year is mainly determined by unpredictable random incidents, which makes health care costs difficult to predict. This paper explores the implications of this inherent randomness for budget setting for GP purchasers. It argues that variability of utilisation in the NHS is very high; that no formula can deal with such variability, even for large populations; that the problem of variability is likely to be very acute for a GP practice; and that health authorities and GP budget holders will therefore need to adopt a range of strategies to manage this variability.
Accession NumberCPA-971007211 B
ClassmarkL5: QT6: QCG: WE

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