Volume 29, Issue 4, 2020
DOI: 10.24205/03276716.2020.816
An empirical study on the price adjustment of healthcare services at China’s public traditional Chinese medicine hospitals based on the value of professionalization
Abstract
China’s public traditional Chinese medicine (TCM) hospitals are an integral component of the public healthcare system with Chinese characteristics. This study expounds on the connotations of the value of professionalization of TCM healthcare, its influencing factors and its impact on price. An econometric model for the pricing of TCM healthcare services is constructed. Using the price data of the TCM healthcare services collected from some TCM institutions above the county level, we performed a quantitative analysis of the value of professional TCM healthcare. The purpose was to explore the price adjustment mechanism of TCM healthcare services based on the value of professional service in order to improve the technical innovation and quality of TCM healthcare services and to facilitate the pricing reform of China’s public TCM hospitals.
Keywords
Value of professional services, public traditional Chinese medicine hospital, price of TCM healthcare services