Behavioral Economics and Risk: Value-Based Payment Methods and Incentives
4.0
creditsAverage Course Rating
Provides students with tools from mainstream and behavioral economics that can be used for managing population health. Demonstrates the value – and limitations – of these approaches for influencing the decision-making of providers and the health behaviors of individuals, with particular attention to value-based payment methods and incentives. Examines the influence of payment design on provider and patient behaviors and applies concepts of behavioral economics to evaluate and propose essential elements of effective payment models and incentives designed to improve health and reduce costs. Draws on articles from the popular press and professional journals that illustrate how these approaches have been applied in experimental and real situations.
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