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Principal-Agent Relationship in Medical Care: Eliciting Patients' Preferences in Patient-Doctor Relationship

Jurnal Ekonomi Malaysia

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Title Principal-Agent Relationship in Medical Care: Eliciting Patients' Preferences in Patient-Doctor Relationship
 
Creator Hwa, Yen Siew
 
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Description ABSTRACTAs implicated in principal-agent theory, responding to patients' needs and preferences should be thefindamental objective and be taken into consideration in designing of a health care financing system. This study attempts to characterize the patient's preferences for information, thusthe utility function, during clinical consultation. An empirical study was carried out in the context of a Malaysian health care setting involving 108 and 50 diabetic patients from a public and a private hospital respectively. Results from the analysis showed that diabetic patients from both the hospitals gave priority to the quality rather than the quantity of infomation transferred. Socio-economic characteristics of the patient were introduced into the model in the form of interaction terms explained how preferences varied across patients.ABSTRAKMengikut teori prinsipal-ejen, bertindak mengikut kehendak serta keperluan pesakit harus dijadikan objektif asas dan diambil kira dalam pembentukan system pernbiayaan perkidmutan kesihatan. Kajian ini bertujuan untuk mencirikan fungsi utiliti pesakit dengan merujuk kepada pilihan mereka terhadap maklumat yang diberikan oleh doktor semasa perjumpaan klinikal. Satu kajian empirik tentang perkhidmatan kesihatan di Malaysia melibarkan 108 dan 50 pesakit kencing manis masing-masing dari sebuah hospital kerajaan dan swasta telahdijalankan. Keputusan analisis ke atas pilihan pesakit dari kedua-dua hospital yang terlibat menunjukkan mereka memberi keutamaan kepada kualiti dibandingkan dengan kuantiti maklumat sifat-sifat sosioekonomi pesakit yang telah dimasukkan dalam penganalisaan dalam bentukinteraction terms dapat rnenerangkan perbezaan dalam pilihan pesakit dari latar belakang yang berbeza.
 
Publisher Universiti Kebangsaan Malaysia
 
Contributor
 
Date 2012-12-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

 
Format application/pdf
 
Identifier http://ejournal.ukm.my/jem/article/view/1636
 
Source Jurnal Ekonomi Malaysia; Vol 39 (2005): Jurnal Ekonomi Malaysia
0126-1962
 
Language eng
 
Relation http://ejournal.ukm.my/jem/article/view/1636/1404
 
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