1. The impact of Medicare shared savings program participation on hospital financial performance: An event-study analysis.
- Author
-
Huang, Huang, Zhu, Xi, Ullrich, Fred, MacKinney, A, and Mueller, Keith
- Subjects
Medicare ,Medicare Shared Savings Program ,accountable care organizations ,financial performance ,hospital ,Aged ,Humans ,United States ,Medicare ,Hospitals ,Accountable Care Organizations ,Cost Savings - Abstract
OBJECTIVE: To evaluate the impact of hospitals participation in the Medicare Shared Savings Program (MSSP) on their financial performance. DATA SOURCES: Centers for Medicare & Medicaid Services Hospital Cost Reports and MSSP Accountable Care Organizations (ACO) Provider-Level Research Identifiable File from 2011 to 2018. STUDY DESIGN: We used an event-study design to estimate the temporal effects of MSSP participation on hospital financial outcomes and compared within-hospital changes over time between MSSP and non-MSSP hospitals while controlling for hospital and year fixed effects and organizational and service-area characteristics. The following financial outcomes were evaluated: outpatient revenue, inpatient revenue, net patient revenue, Medicare revenue, operating margin, inpatient revenue share, Medicare revenue share, and allowance and discount rate. DATA COLLECTION/EXTRACTION METHODS: Secondary data linked at the hospital level. PRINCIPAL FINDINGS: Controlling for trends in non-MSSP hospitals, MSSP participation was associated with differential increases in net patient revenue by $3.28 million (p
- Published
- 2023