Learning from failure in healthcare: Dynamic panel evidence of a physician shock effect
Raf Van Gestel,
Tobias Mueller and
Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft
Procedural failures of physicians or teams in interventional healthcare may positively or negatively predict subsequent patient outcomes. We identify this effect by applying (non-)linear dynamic panel methods to data from the Belgian Transcatheter Aorta Valve Implantation (TAVI) registry containing information on the first 860 TAVI procedures in Belgium. We find that a previous death of a patient positively and significantly predicts subsequent survival of the succeeding patient. We find that these learning from failure effects are not long-lived and that learning from failure is transmitted across adverse events.
Keywords: Physician behavior; Learning; Failure (search for similar items in EconPapers)
JEL-codes: I10 I13 I18 C93 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ube:dpvwib:dp1809
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