Treatment consolidation after vertical integration: Evidence from outpatient procedure markets.
Treatment consolidation after vertical integration: Evidence from outpatient procedure markets.
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DOI:
10.1016/j.jhealeco.2021.102569
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发表时间:
2022-01
影响因子:
3.5
通讯作者:
Whaley CM
中科院分区:
文献类型:
--
作者:
Richards MR;Seward JA;Whaley CM
Hospital ownership of physician practices has grown across the US, and these strategic decisions seem to drive higher prices and spending. Using detailed physician ownership information and a universe of Florida discharge records, we show novel evidence of hospital-physician integration foreclosure effects within outpatient procedure markets. Following hospital acquisition, physicians shift nearly 10% of their Medicare and commercially insured cases away from ambulatory surgery centers (ASCs) to hospitals and are up to 18% less likely to use an ASC at all. Altering physician choices over treatment setting can be in conflict with patient and payer cost, convenience, and quality preferences.
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