Efficiency measurement revolutionizes healthcare and economy with data-driven approach.
Data envelopment analysis (DEA) is a method used to measure efficiency in different sectors, including healthcare. Unlike traditional economic theories, DEA focuses on data to determine efficiency. It compares organizations based on how much input they use to produce the same output. Those using less input are considered more efficient. The efficiency frontier is created by connecting the most efficient observations. This method is based on observed best practices and provides an approximation of true efficiency.