Capitation payment models have been increasingly adopted by the payers in the U.S. healthcare market during the past decade. However, healthcare services provided in Medicare Advantage (MA), the largest capitation program in the U.S., have been suggested to be more appealing to healthier...

This study addresses three important questions concerning personalized health care: (1) Are outcome differences between hospitals heterogeneous across patients? (2) If they are, how valuable is patient-centric information (that accounts for heterogeneity) to patients in selecting a hospital? and...

Public reporting of medical treatment outcomes is being widely adopted by policymakers in an effort to increase quality transparency and improve alignment between patient choices and provider capabilities. We examine the soundness of this approach by studying the effects of quality transparency...