Tuesday 23 August 2022

Assessing the Cost of Medical Intensive Care Unit at Tertiary Care Hospital in Delhi, India | Chapter 8 | Current Aspects in Business, Economics and Finance Vol. 3

 The purpose of the study was to determine how much a medical intensive care unit would cost per patient each day (MICU). It is common knowledge that the expense of critical care is high and on the rise.

From January 1 to January 31, 2014, this prospective study was carried out at a tertiary care hospital in a government setting in Delhi. By using a step-down methodology, various costs, including fixed, variable, direct, and indirect costs, were calculated over the study period.

32 patients in all were admitted to the medical ICU during the study period. 171 days on average were required for admissions. The anticipated duration of stay was 5.343 days. The wage component is 42.44 percent of the total cost. The cost of the equipment accounts for 37.00% of the total cost. While the total variable cost is 18.38 percent, the combined fixed cost is 81.62 percent. Radiology makes up 6.35 percent of variable costs, whereas medicine (4.81 percent) and research are in second and third (3.83 percent). Fixed expenditures make up a large component of the overall costs in the medical ICU. which prioritises equipment costs. The unit cost of Rs. 1132.99/- is significantly less than that discovered in previous studies because of the ICU's close vicinity and the fact that patients admitted to the medical ICU are from outside the country.

Author(s) Details:

A. K. Gadpayle,
Department of Medicine, School of Medical Science and Research, Sharda University, Greater Noida, UP  -  201306, India.

H. K. Dangi,
Faculty of Management Studies, Delhi University, Delhi, India.

Debopriya,
Department of Medicine, PGIMER and Dr. Ram Manohar Lohia Hospital, New Delhi - 110001, India.

Please see the link here: https://stm.bookpi.org/CABEF-V3/article/view/7981

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