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Medical Research and Health Care Finance: Evidence from Academic Medical Centers / Pierre Azoulay, Misty L. Heggeness, Jennifer L. Kao.
- Format:
- Book
- Author/Creator:
- Azoulay, Pierre.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w27943.
- NBER working paper series no. w27943
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- Academic Medical Centers (AMCs)--comprising medical schools, teaching hospitals, and research laboratories--play an important role in US biomedical innovation. The Balanced Budget Act of 1997 changed reimbursements for Medicare inpatient claims and subsidies for medical residents. We compare AMCs' relative exposure to the reform and how these differences affect their researchers' ability to attract NIH grant funding, as well as the quantity, impact, and content of their publications. We find that in response to the reform, research activity increases by approximately 6%, with larger effects observed for "translational" and clinical research. We find little effect on clinical outcomes.
- Notes:
- Print version record
- October 2020.
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