The Effects of Different Reimbursement Policies on Physicians’ Decisions

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dc.contributorRobinson, Michael
dc.contributorShepardson, Dylan
dc.contributor.advisorSchmeiser, Steven
dc.contributor.authorYang, Xi
dc.date.accessioned2013-05-05T18:05:51Z
dc.date.available2013-05-05T18:05:51Z
dc.date.gradyear2013en_US
dc.date.issued2013-05-05
dc.description.abstractIn the healthcare industry, physicians have advantages in collecting information about the revenue and the effectiveness of every prospective treatment. Moreover, physicians are reimbursed by three basic methods: base salary, fee-for-service and capitation. I propose the base model to analyze how physicians decide to accept or reject patients to maximize total utility. Furthermore, I incorporate the three reimbursement policies and analyze the effects of different repayment methods. I find that the base salary policy provides no incentives for physicians to accept patients while the fee-for-service and the capitation policies induce physicians to accept more less-profitable patients. Using backward induction, I demonstrate how social planners determine the optimal policy package to maximize the society’s utility. In addition, I prove that the base model is identifiable using treatment data. In reality, social planners can use the maximum likelihood estimation to obtain the estimated parameters in the base model.en_US
dc.description.sponsorshipEconomicsen_US
dc.identifier.urihttp://hdl.handle.net/10166/3219
dc.language.isoen_USen_US
dc.rightsAttribution-ShareAlike 3.0 United States*
dc.rights.restrictedrestricteden_US
dc.rights.urihttp://creativecommons.org/licenses/by-sa/3.0/us/*
dc.subjecthealthcareen_US
dc.subjectdoctoren_US
dc.subjectreimbursementen_US
dc.titleThe Effects of Different Reimbursement Policies on Physicians’ Decisionsen_US
dc.typeThesis
mhc.degreeUndergraduateen_US
mhc.institutionMount Holyoke College

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