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We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used "quality" measures may stimulate an improvement in measured …
Persistent link: https://www.econbiz.de/10003206746
We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used quality measures may stimulate an improvement in measured …
Persistent link: https://www.econbiz.de/10012470196
This paper incorporates the sociological concept of group norms' into an economic analysis of pay systems. We use a behavioral microeconomic model and a unique survey of medical groups to examine the theoretical and empirical relationship between group norms and incentive pay. Our findings...
Persistent link: https://www.econbiz.de/10012472868
Recent work has shown that, in the presence of moral hazard, balanced budget Nash equilibria in groups are not pareto-optimal. This work shows that when agents misperceive the effects of their actions on the joint outcome, there exist a set of sharing rules which balance the budget and lead to a...
Persistent link: https://www.econbiz.de/10012476839
or responsiveness to financial incentives. In the frontier literature productive efficiency is assumed to be exogenously …
Persistent link: https://www.econbiz.de/10012476899
Managed care organizations rely on incentives that encourage physicians to limit medical expenditures, but little is … known about how physicians respond to these incentives. We address this issue by analyzing the physician incentive contracts … to a novel explanation for high-powered group incentives: such incentives can improve efficiency in the allocation of …
Persistent link: https://www.econbiz.de/10014070841
We studied the effect of physician incentives in an HMO network. Physician incentives are controversial because they … may induce doctors to make treatment decisions that differ from those they would choose in the absence of incentives. We … find suggestive evidence that financial incentives linked to commonly used "quality" measures may stimulate an improvement …
Persistent link: https://www.econbiz.de/10014123428