Ontology highlight
ABSTRACT:
SUBMITTER: Cox JC
PROVIDER: S-EPMC5319438 | biostudies-literature | 2016 Nov
REPOSITORIES: biostudies-literature
Cox James C JC Sadiraj Vjollca V Schnier Kurt E KE Sweeney John F JF
Journal of economic behavior & organization 20150403 B
The recent regulatory changes enacted by the Centers for Medicare and Medicaid Services (CMS) have identified hospital readmission rates as a critical healthcare quality metric. This research focuses on the utilization of pay-for-performance (P4P) mechanisms to cost effectively reduce hospital readmission rates and meet the regulatory standards set by CMS. Using the experimental economics laboratory we find that both of the P4P mechanisms researched, bonus and bundled payments, cost-effectively ...[more]