weighted capitation formula


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weighted capitation formula

A formula used by UK accountants to project future health costs. The WCF starts with projections for a resident population, then weights them as appropriate for the cost of care by age group for relative need over and above that accounted for by age, and takes into account unavoidable geographical variations in the cost of providing services. It is used to determine Health Authorities’ target share of available resources.
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And, importantly, from April 1 2011, the devolved budget provision for GOS will be included within PCT baselines, with the Department's Advisory Committee on Resource Allocations--a group largely made up of doctors and GPs--tasked to be involved in this and other new responsibilities from 2011-2012, and advising on how the weighted capitation formula, which determines PCT target allocations, is finalised.
Kissick believes that capitation can be an effective way to balance resources and needs, but he cautions physician executives that such systems need to include consumer-provider choice, enrolled populations, weighted capitation formulas, organized medical practices, prospective budgets, and cost-effectiveness measures.
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