A promising new model for the employee health plans of large firms bypasses insurers, instead using direct contracts with hospitals which have been designated as centers of excellence. The authors describe how combining this model with cutting edge analytics could revolutionize the delivery of...

This study addresses three important questions concerning personalized health care: (1) Are outcome differences between hospitals heterogeneous across patients? (2) If they are, how valuable is patient-centric information (that accounts for heterogeneity) to patients in selecting a hospital? and...