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Measuring Prices in Health Care Markets Using Commercial Claims Data.


ABSTRACT: To compare methods of price measurement in health care markets.Truven Health Analytics MarketScan commercial claims.We constructed medical prices indices using three approaches: (1) a "sentinel" service approach based on a single common service in a specific clinical domain, (2) a market basket approach, and (3) a spending decomposition approach. We constructed indices at the Metropolitan Statistical Area level and estimated correlations between and within them.Price indices using a spending decomposition approach were strongly and positively correlated with indices constructed from broad market baskets of common services (r > 0.95). Prices of single common services exhibited weak to moderate correlations with each other and other measures.Market-level price measures that reflect broad sets of services are likely to rank markets similarly. Price indices relying on individual sentinel services may be more appropriate for examining specialty- or service-specific drivers of prices.

SUBMITTER: Neprash HT 

PROVIDER: S-EPMC4693848 | biostudies-literature | 2015 Dec

REPOSITORIES: biostudies-literature

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Measuring Prices in Health Care Markets Using Commercial Claims Data.

Neprash Hannah T HT   Wallace Jacob J   Chernew Michael E ME   McWilliams J Michael JM  

Health services research 20150316 6


<h4>Objective</h4>To compare methods of price measurement in health care markets.<h4>Data sources</h4>Truven Health Analytics MarketScan commercial claims.<h4>Study design</h4>We constructed medical prices indices using three approaches: (1) a "sentinel" service approach based on a single common service in a specific clinical domain, (2) a market basket approach, and (3) a spending decomposition approach. We constructed indices at the Metropolitan Statistical Area level and estimated correlation  ...[more]

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