On Monday, May 11 2020, 8:00 - 9:30, Johannes Kunz (Monash University) will present:
Predicting Fixed Effects: Assessing the Quality of Public Services: Does Hospital Competition Crowd-out the For-profit Quality Gap?
We examine variation in hospital quality across ownership, market concentration and membership of a hospital system. We use a measure of quality derived from the penalties imposed on hospitals under the flagship Hospital Readmission Reduction Program. We employ a novel estimation approach that extracts latent hospital quality from panel data on penalties and addresses the problem of non-penalized hospitals in short panels. Our quality measure correlates strongly across penalized conditions and with other non-incentivized quality metrics. We document a robust and sizable for-profit quality gap, which is largely crowded-out by competition between hospital chains, particularly for high-quality hospitals.
Room: Due to the current situation regarding the COVID-19 pandemic, the talk will be held in a virtual seminar room. Please note that the talk will be held in the morning due to the difference in time zones. For more information click here.