A new analysis finds at least three quarters of the improvement in readmission rates by hospitals who had poor baseline performance was due to regression to the mean (i.e. statistical luck) rather than the policy.
Eunhae Shin, 2019 USC doctoral degree graduate and USC Schaeffer Center pre-doctoral fellow, received the 2019 Student Paper Award from the American Society of Health Economists (ASHEcon) at the society’s annual meeting in Washington, DC on June 24.
Value-based contracts must incentivize the clinical decision maker, usually the physician, to allocate treatment based on both price and value. Changing certain elements in the financing system could create an environment for successful value-based contracting without having to reform the entire system.
On June 25, 2019, the USC-Brookings Schaeffer Initiative for Health Policy hosted a conference on hospital productivity trends and their implications for Medicare policy on hospital payment rate updates.
Innovations that extend life can generate option value and cost of experiencing future technologies. Schaeffer postdoc Meng Li developed generalizable approaches to estimating option value in cost-effectiveness analysis.