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- W2764129189 abstract "The Hospital Readmissions Reduction Program (HRRP), a part of the U.S. Patient Protection and Affordable Care Act, requires the Centers for Medicare and Medicaid Services to penalize hospitals with excess readmissions. We take an economic and operational (patient flow) perspective to analyze the effectiveness of this policy in encouraging hospitals to reduce readmissions. We develop a game-theoretic model that captures the competition among hospitals inherent in HRRP’s benchmarking mechanism. We show that this competition can be counterproductive: it increases the number of nonincentivized hospitals, which prefer paying penalties over reducing readmissions in any equilibrium. We calibrate our model with a data set of more than 3,000 hospitals in the United States and show that under the current policy, and for a large set of parameters, 4%–13% of the hospitals remain nonincentivized to reduce readmissions. We also validate our model against the actual performance of hospitals in the three years since the ..." @default.
- W2764129189 created "2017-10-20" @default.
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- W2764129189 date "2016-11-01" @default.
- W2764129189 modified "2023-09-23" @default.
- W2764129189 title "Hospital Readmissions Reduction Program: An Economic and Operational Analysis" @default.
- W2764129189 hasPublicationYear "2016" @default.
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