Purpose: Medical errors account for many inefficiencies in our fractured healthcare system. According to numerous studies, medical errors are the third leading cause of death in the United States and contribute to billions of dollars in deadweight loss in healthcare expenditures. To address this astonishing fact, this brief is intended to showcase the economic burdens …
The Analytics of Paying Healthcare Providers
Purpose: This briefing was composed after I attended a lecture hosted by Senator Rand Paul, a well-respected politician and physician. During our talk, he discussed how payment models in hospitals are severely out-of-date. A part of having an efficient health economy is to have a sustainable system of payment for physicians and other healthcare providers. …
