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Soc. Sci. 2017, 6(4), 119; doi:10.3390/socsci6040119

Determinants of Market Share of For-Profit Hospitals: An Empirical Examination

1
Samsung Economic Research Institute, Seoul 137-955, Korea
2
School of Business Administration, College of Business and Economics, Chung-Ang University, Seoul 156-756, Korea
3
Wharton Research Data Service, The Wharton School, University of Pennsylvania, Philadelphia, PA 19104, USA
4
Graduate School of Business Administration, Chung-Ang University, Seoul 156-756, Korea
*
Author to whom correspondence should be addressed.
Received: 11 August 2017 / Revised: 23 September 2017 / Accepted: 28 September 2017 / Published: 3 October 2017
View Full-Text   |   Download PDF [224 KB, uploaded 9 October 2017]

Abstract

This study estimates the effects of a prospective payment system on the growth of for-profit hospitals. The empirical results show that the proportion of patient care paid for by Medicare managed care has a positive, statistically significant relationship with the market share of for-profit hospitals. Medicare managed care reimburses health care providers prospectively, and a larger portion of prospective reimbursements is received by for-profit hospitals, whose market share consequently increases. In addition, the proportion of patients with Medi-Cal and third party managed care has a positive, statistically significant relationship with the market share of for-profit hospitals. View Full-Text
Keywords: hospital reimbursement; for-profit hospital; market share; prospective reimbursement; nonprofit hospital hospital reimbursement; for-profit hospital; market share; prospective reimbursement; nonprofit hospital
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Lee, S.; Chung, C.Y.; Sul, H.K.; Lee, Y. Determinants of Market Share of For-Profit Hospitals: An Empirical Examination. Soc. Sci. 2017, 6, 119.

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