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Public value and pricing in English hospitals: Value creation or value extraction?

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  • Llewellyn, Sue
  • Begkos, Christos
  • Ellwood, Sheila
  • Mellingwood, Chris

Abstract

Value creation happens when hospitals provide new services or clinicians deliver existing services in better or more cost efficient ways. On the other hand, those who deliver healthcare can extract financial value from the system. Cost-based prices are now potent measures of financial value for profit centres in English hospitals. Here, we focus on the ramifications of these cost-based prices for creating or extracting value in the health care system.

Suggested Citation

  • Llewellyn, Sue & Begkos, Christos & Ellwood, Sheila & Mellingwood, Chris, 2022. "Public value and pricing in English hospitals: Value creation or value extraction?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 85(C).
    • Handle: RePEc:eee:crpeac:v:85:y:2022:i:c:s1045235420300952
    DOI: 10.1016/j.cpa.2020.102247
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