Regression Analysis

Steven Levitt, one of the most famous economists alive and author of Freakonomics, once said, “Regression analysis is more art than science.”  After creating my own complicated regressions for the first time, I am starting to agree with him!

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Physician-Hospital Integration and Healthcare Quality

In my research project I have decided to look at physician-hospital integration’s effect on the quality of care provided.  When physicians and hospitals work together it can greatly affect patients.  If physicians and hospitals are not competing but instead acting as one organization, the decrease in healthcare market competition means that organizations can increase prices without fear of another organization charging less.  Not all effects of the integration are negative, however.  If hospitals and physicians are working together, they can more easily purchase expensive technologies that improve patient care.  For example, physicians in solo practice can’t afford to have digital medical records, but large, integrated organizations can easily purchase and implement this expensive technology to improve the quality and efficiency of healthcare.  I wanted to find out how integrated organizations affect patients, so I decided that the greatest affect a physician-hospital relation could have on patients is in terms of healthcare quality.

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