15
views
0
recommends
+1 Recommend
0 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: not found

      Price transparency for medical devices.

      Health affairs (Project Hope)
      Commerce, Disclosure, Economics, Hospital, Equipment and Supplies, economics

      Read this article at

      ScienceOpenPublisherPubMed
      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          Hospital buyers of medical devices contract with manufacturers with market power that sell differentiated products. The medical staff strongly influences hospitals' choice of devices. Sellers have sought to limit disclosure of transaction prices. Policy-makers have proposed legislation mandating disclosure, in the interest of greater transparency. We discuss why a manufacturer might charge different prices to different hospitals, the role that secrecy plays, and the consequences of secrecy versus disclosure. We argue that hospital-physician relationships are key to understanding what manufacturers gain from price discrimination. Price disclosure can catalyze a restructuring of those relationships, which, in turn, can improve hospital bargaining.

          Related collections

          Author and article information

          Journal
          18997210
          10.1377/hlthaff.27.6.1544

          Chemistry
          Commerce,Disclosure,Economics, Hospital,Equipment and Supplies,economics
          Chemistry
          Commerce, Disclosure, Economics, Hospital, Equipment and Supplies, economics

          Comments

          Comment on this article