RESEARCH ARTICLE Analysis of the technical efficiency of the forms of hospital management based on public‐private collaboration of the Madrid Health Service, as compared with traditional management José Luis Franco Miguel 1 | Carmen Fullana Belda 2 | Antonio Rúa Vieites 2 1 Clínica Baviera Group Madrid, Madrid, Spain 2 Comillas Pontifical University ICAI‐ICADE, Madrid, Spain Correspondence José Luis Franco Miguel, Clínica Baviera Group Madrid, Spain. Email: jfranco_miguel@hotmail.com JEL Classification: C14; I12; I18 Summary Fundamentals: The study aims to carry out a comparative analysis of the technical efficiency of hospital management based on public‐private collaboration, as compared with tra- ditional management. Specifically, we compare traditionally managed public hospitals, public hospitals managed by a private finance initiative (PFI), public hospitals managed through a public‐private partnership (PPP), and hospitals managed through other forms of management, during the period 2009 to 2014, in the hospitals dependent on the Madrid Health Service (SERMAS). Methods: The study covers all publicly owned general hospitals under SERMAS, consisting of seven PFI hospitals, three PPP hospitals, 11 traditionally managed public hospitals (with the category of general hospital), and four hospitals managed through other forms of hospital manage- ment. The technical efficiency indices of the hospitals were calculated using the data envelopment analysis technique. Subsequently, a sensitivity analysis was performed by bootstrapping and variation of model variables to verify their impact on efficiency. Finally, an analysis of the evolution of efficiency in the analyzed period was carried out using the Malmquist Index. Results: In all the analysis models carried out in the ana- lyzed period, the hospitals managed based on public‐private Received: 6 September 2018 Accepted: 7 September 2018 DOI: 10.1002/hpm.2678 Int J Health Plann Mgmt. 2018;1–29. © 2018 John Wiley & Sons, Ltd. wileyonlinelibrary.com/journal/hpm 1