Agency theory: a framework for analyzing physician services.
The principles of agency theory and how the theory can be used as a framework for the design of physician selection procedures and of physician compensation contracts and control systems for the regulation of physician practices are discussed. The theory is used to show why third party payers who wish to control expenditure for high quality health care may be better off if they enter into salary contracts rather than fee-for-service or capitation contracts with individual physicians.
Pontes
M C
MC
Fairleigh Dickinson University, Madison, NJ, USA.
D002204:Capitation Fee; D003284:Contract Services / Q000191:economics*; D018588:Fee-for-Service Plans / Q000191:economics; D005251:Fees, Medical; D006801:Humans; D007351:Insurance, Liability; D007588:Job Satisfaction; D008329:Managed Care Programs / Q000191:economics; D010816:Physician Incentive Plans; D010820:Physicians / Q000191:economics*; D012456:Salaries and Fringe Benefits; D014481:United States