invigorate competition in the market and deploy other regulatory tools to address concerns associated with physician hospital …

, because of the lack of understanding of how physicians' behaviors alter in response to the changes in financial ownership and …,488 physicians between 2008-2015, we examine changes in various measures of care delivery, including care processes, patient outcomes …, operational efficiency, and spending. We find that physicians significantly alter their care process (e.g., in using anesthesia …