There seems to be some confusion about what has been happening to NHS productivity over the last few years. This confusion appears to stem from three primary sources.
First, the ‘productivity’ label can be applied quite liberally. But productivity has a narrow definition: it is simply the ratio of outputs to inputs in production.
So, productivity is not the same as ‘value for money’ – this requires some means of attaching social or consumer value to what is produced. While productivity counts the...Continue reading