التفاصيل البيبلوغرافية
| العنوان: |
Owner Incentives and Performance in Healthcare: Private Equity Investment in Nursing Homes. |
| المؤلفون: |
Gupta, Atul, Howell, Sabrina T, Yannelis, Constantine, Gupta, Abhinav |
| المصدر: |
Review of Financial Studies; Apr2024, Vol. 37 Issue 4, p1029-1077, 49p |
| مصطلحات موضوعية: |
NURSING care facilities, PRIVATE equity, BUSINESS enterprises, NURSING home patients, MEDICAL care standards, MORTALITY, WELL-being |
| مستخلص: |
Amid an aging population and a growing role for private equity (PE) in the care of older adults, this paper studies how PE ownership affects U.S. nursing homes using patient-level Medicare data. We show that PE ownership leads to a patient cohort with lower health risk. However, after instrumenting for the patient-nursing home match, we find that PE ownership increases mortality by 11%. Declines in measures of patient well-being, nurse staffing, and compliance with care standards help to explain the mortality effect. Overall, we conclude that PE has nuanced effects with adverse outcomes for a subset of patients. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
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