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Patients rely on medical care providers to act in their best interests because providers understand disease pathology and appropriate treatment much better than patients. Providers, however, not only give advice (diagnose) but also deliver (sell) treatments based on that advice. This creates a...
Persistent link: https://www.econbiz.de/10014486242
populations, and incentives. Economic considerations that affect the quality of decision making include training, experience, peer … effects, financial incentives and time constraints. We also consider interventions aimed at improving decision making …
Persistent link: https://www.econbiz.de/10015056112
Can information about the value of diagnostic tests improve provider practice and help patients recognize higher quality of care? In a randomized experiment at public clinics in Mali, health providers and patients received tailored information about the importance of rapid diagnostic tests...
Persistent link: https://www.econbiz.de/10014468275
We ask how competition influences the prescribing practices of physicians. Law changes granting nurse practitioners … variation in competition. In response, we find that general practice physicians (GPs) significantly increase their prescribing …. Our findings are consistent with a simple model of physician behavior in which competition for patients leads physicians …
Persistent link: https://www.econbiz.de/10013537781
effectiveness of these incentives, however, depends both on physicians' price sensitivity and their knowledge of patient prices. We … information. Applying this model to diabetes care, we find that physicians lack detailed price information and are more price …-elastic than full-information models imply. We predict that providing physicians detailed information on prices at the point of …
Persistent link: https://www.econbiz.de/10014468214
: the number of physicians in the physician's group (if any); the physician's integration with or employment by a hospital … or hospital system; and the average age of the other physicians in the physician's group. We present three key findings …. First, all else held constant, group physicians prescribe far fewer opioids, and prescribe them more appropriately, than do …
Persistent link: https://www.econbiz.de/10014421210
Physicians commonly receive marketing-related transfers from drug firms. We examine the impact of these relationships … fading out within a year. A marketing payment also leads physicians to begin treating cancer patients with lower expected …
Persistent link: https://www.econbiz.de/10014528376
Whether monetary incentives to change behavior work and how they should be structured are fundamental economic … combination of administrative and survey data. We find that guaranteed incentives of $20 increase uptake by 13 percentage points … in the short run and 9 in the long run. Guaranteed incentives are more effective than lottery-based, prosocial, or …
Persistent link: https://www.econbiz.de/10015072841
The U.S. healthcare system requires substantial out-of-pocket payments by most consumers, which can prevent some from receiving needed medical services. Recent policy proposals seek to address this problem by increasing government health care spending in order to reduce out-of-pocket costs. The...
Persistent link: https://www.econbiz.de/10014635692
A long-standing economic question is how protection against harm from insurance or other harm reducing interventions leads to potentially offsetting behavior changes (ex-ante moral hazard). Immunization is a type of insurance, as individuals incur an upfront cost when they get vaccinated, but it...
Persistent link: https://www.econbiz.de/10013435164