ownership affects hospital profitability and quality. We combine novel, patient-level transaction price data from a large …Between 2000 and 2020, the share of US hospital bed capacity under multi-unit firms (systems) increased from 58% to 81 … commercial insurer, Medicare claims, and New York hospital discharges between 2012 and 2018 to study changes at over 100 …

empirical evidence by using novel operations and claims data from a large, independent home health care firm with the Hospital …

Privatization has been shown to increase growth and profitability of public firms. However, effects on consumers are … understudied. We study potential trade-offs in the US hospital sector where public control declined by 42% over 1983-2019. Private … operators may improve hospitals' financial performance, but a focus on profitability may adversely affect access to care for …

for surgical ones. We further use a 2008 policy where Medicare implemented financial penalties for certain hospital …

Hospital payment regulation has historically been introduced to meet multiple policy objectives. The primary objective …

Amenities such as good food, attentive staff, and pleasant surroundings may play an important role in hospital demand … patient perspective, hospital quality therefore embodies amenities as well as clinical quality. We also find that a one …-standard-deviation increase in amenities raises a hospital's demand by 38.4% on average, whereas demand is substantially less responsive to …

hospitals as an exogenous shock to incumbent hospitals' profitability and in turn to their ability to cross …

exogenous variation in Medicare payment rates generated by two policies under the Affordable Care Act: the Hospital Readmission … Reduction Program (HRRP) and the Hospital Value Based Purchasing (HVBP) program. We merge rich hospital-level information to … claim, or $82,000 per hospital, based on an average hospital penalty of nearly $146,000. We find the largest increases in …

We study a 2008 policy reform in which Medicare revised its hospital payment system to better reflect patients …' severity of illness. We construct a simulated instrument that predicts a hospital's policy-induced change in reimbursement …