A Morehead State faculty member is increasingly recognized for his research exploring the different facets of health care financing.
Associate Professor of Finance, Dr Bo Shi has carried out research on measures of healthcare quality, financial management of healthcare providers and insurers, relationships between providers and insurers, and the markets for providers and insurance. She recently published an article she co-authored, “On the Financial Superiority of Medicaid Specialty Insurers: A New Approach to Transaction / Supply Chain Costs”, which appeared in “The Geneva Papers on Risk and Insurance. – Issues and Practice “. The article is co-authored by Dr Etti G. Baranoff of Virginia Commonwealth University, Dr Thomas W. Sager of the University of Texas, Austin, and Dr Dalit Baranoff of Johns Hopkins University. The method that Shi and her colleagues used in their research is unique in that they used a model that treats insurance consumers as supply chain products, and she said her team encountered difficulties in the process. implementation of the model.
“It’s always a challenge to introduce a concept, a theory, an empirical method never used in a field,” said Shi. The approach stems from our previous research treating insurance products underwritten by health insurance companies as a portfolio of products. The challenge comes from adapting supply chain concepts to the process of delivering health services. ”
Shi’s research efforts are important because they could provide a more effective model for private healthcare providers.
“The observed difference has strong implications for health policy and may encourage adoption of Medicaid managed care practice. If insurance companies can provide health services to Medicaid beneficiaries more effectively under contract with the state government, this could be a better model for insurance coverage. This can ultimately improve the efficiency of the health care delivery system and contain health care costs, ”said Shi.
Another article by Shi, “Relation of Hospital Star Ratings to Race, Education, and Community Income,” recently received the Journal of Hospital Medicine’s Most Influential Article Award. In it, Shi and his co-authors, Dr Christopher King and Dr Sean Shenghsiu Huang of the Department of Health Systems Administration at Georgetown University explore the associations between star ratings for hospitality of Centers for Medicare and Medicaid Services and community characteristics, including race / ethnicity, household income, education level, and regional difference.
To learn more about Shi’s research, contact her at [email protected] or 606-783-2475.
For more information on MSU’s School of Business Administration programs, visit www.moreheadstate.edu/business, email [email protected], or call 606-783-5025.