Document Detail

Information vs advertising in the market for hospital care.
MedLine Citation:
PMID:  17659373     Owner:  NLM     Status:  MEDLINE    
Recent health care reforms have introduced prospective payments and have allowed patients to choose their preferred providers. The expected outcome is efficiency in production and an increase in the quality level. The former objective should be obtained by the prospective payment scheme; the latter by the demand mechanism, through the competition between providers. Unfortunately, because of asymmetry of information, patients are unable to observe the true quality and the demand for health care services depends on a perceived quality as influenced by the hospital advertising. Inefficiency in the resource allocation and social welfare loss are the two likely effects. In this paper we show how the purchaser can implement effective policies to overcome these undesired effects.
Marcello Montefiori
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Publication Detail:
Type:  Journal Article     Date:  2007-07-22
Journal Detail:
Title:  International journal of health care finance and economics     Volume:  8     ISSN:  1389-6563     ISO Abbreviation:  Int J Health Care Finance Econ     Publication Date:  2008 Sep 
Date Detail:
Created Date:  2008-07-25     Completed Date:  2009-01-06     Revised Date:  -    
Medline Journal Info:
Nlm Unique ID:  101132988     Medline TA:  Int J Health Care Finance Econ     Country:  United States    
Other Details:
Languages:  eng     Pagination:  145-62     Citation Subset:  IM    
DISEFIN - Dipartimento di Scienze Economiche e Finanziarie, Università degli Studi di Genova, Via Vivaldi, 5, Genova 16126, Italy.
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MeSH Terms
Advertising as Topic / economics,  methods*,  standards
Economic Competition
Economics, Hospital*
Health Care Reform / economics
Information Dissemination / methods*
Marketing of Health Services / methods*
Models, Economic
Patient Freedom of Choice Laws
United States

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine

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