私募股权和医疗保健公司行为：来自门诊手术中心的证据。

IF 3.4 2区经济学 Q1 ECONOMICS

Journal of Health Economics Pub Date : 2023-09-01 DOI:10.1016/j.jhealeco.2023.102801

Haizhen Lin , Elizabeth L. Munnich , Michael R. Richards , Christopher M. Whaley , Xiaoxi Zhao

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引用次数: 0

摘要

医疗保健公司经常寻求外部资本；然而，我们对外部投资者对提供者行为的影响还不完全了解。我们调查了私募股权投资、撤资和首次公开募股（IPO）对门诊手术中心（ASC）的影响。吞吐量保持不变，而对于相同的服务组合，收费增长高达50%。受影响的ASCs见证了私人保险案件的减少，并更多地依赖医疗保险业务。私募股权增加了医生ASC的所有权，并在ASC出售时同时撤资。我们的研究结果似乎更符合私募股权对ASCs融资的影响，而不是治疗方法。

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Private equity and healthcare firm behavior: Evidence from ambulatory surgery centers

Healthcare firms regularly seek outside capital; yet, we have an incomplete understanding of external investor influence on provider behavior. We investigate the effects of private equity investment, divestment, and an initial public offering (IPO) on ambulatory surgery centers (ASCs). Throughput is unchanged while charges grow by up to 50% for the same service mix. Affected ASCs witness declines in privately insured cases and rely more on Medicare business. Private equity increases physician ASC ownership stakes, and both simultaneously divest when the ASC is sold. Our findings appear more consistent with private equity influencing the financing of ASCs, rather than treatment approaches.

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来源期刊

Journal of Health Economics 医学-卫生保健

CiteScore

6.10

自引率

2.90%

发文量

审稿时长

49 days

期刊介绍： This journal seeks articles related to the economics of health and medical care. Its scope will include the following topics: Production and supply of health services; Demand and utilization of health services; Financing of health services; Determinants of health, including investments in health and risky health behaviors; Economic consequences of ill-health; Behavioral models of demanders, suppliers and other health care agencies; Evaluation of policy interventions that yield economic insights; Efficiency and distributional aspects of health policy; and such other topics as the Editors may deem appropriate.