Do responses to news matter? Evidence from interventional cardiology.

Avdic, D; von Hinke, S; Lagerqvist, B; Propper, C; Vikström, J

Do responses to news matter? Evidence from interventional cardiology.

Avdic, D von Hinke, S Lagerqvist, B Propper, C Vikström, J

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Publisher:: ELSEVIER
Publication Type:: Journal Article
Citation:: J Health Econ, 2024, 94, pp. 102846
Issue Date:: 2024-03

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Field	Value	Language
dc.contributor.author	Avdic, D
dc.contributor.author	von Hinke, S
dc.contributor.author	Lagerqvist, B
dc.contributor.author	Propper, C
dc.contributor.author	Vikström, J
dc.date.accessioned	2025-03-07T02:44:51Z
dc.date.available	2023-12-11
dc.date.available	2025-03-07T02:44:51Z
dc.date.issued	2024-03
dc.identifier.citation	J Health Econ, 2024, 94, pp. 102846
dc.identifier.issn	0167-6296
dc.identifier.issn	1879-1646
dc.identifier.uri	http://hdl.handle.net/10453/185567
dc.description.abstract	We examine physician responses to a global information shock and how these impact their patients. We exploit international news over the safety of an innovation in healthcare, the drug-eluting stent. We use data on interventional cardiologists' use of stents to define and measure cardiologists' responsiveness to the initial positive news and link this to their patients' outcomes. We find substantial heterogeneity in responsiveness to news. Patients treated by cardiologists who respond slowly to the initial positive news have fewer adverse outcomes. This is not due to patient-physician sorting. Instead, our results suggest that the differences are partially driven by slow responders being better at deciding when (not) to use the new technology, which in turn affects their patient outcomes.
dc.format	Print-Electronic
dc.language	eng
dc.publisher	ELSEVIER
dc.relation	http://purl.org/au-research/grants/arc/DP220103306
dc.relation.ispartof	J Health Econ
dc.relation.isbasedon	10.1016/j.jhealeco.2023.102846
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	1117 Public Health and Health Services, 1402 Applied Economics, 1403 Econometrics
dc.subject.classification	Health Policy & Services
dc.subject.classification	3801 Applied economics
dc.subject.classification	4407 Policy and administration
dc.subject.mesh	Humans
dc.subject.mesh	Drug-Eluting Stents
dc.subject.mesh	Cardiology
dc.subject.mesh	Stents
dc.subject.mesh	Practice Patterns, Physicians'
dc.subject.mesh	Humans
dc.subject.mesh	Stents
dc.subject.mesh	Cardiology
dc.subject.mesh	Drug-Eluting Stents
dc.subject.mesh	Practice Patterns, Physicians'
dc.subject.mesh	Humans
dc.subject.mesh	Drug-Eluting Stents
dc.subject.mesh	Cardiology
dc.subject.mesh	Stents
dc.subject.mesh	Practice Patterns, Physicians'
dc.title	Do responses to news matter? Evidence from interventional cardiology.
dc.type	Journal Article
utslib.citation.volume	94
utslib.location.activity	Netherlands
utslib.for	1117 Public Health and Health Services
utslib.for	1402 Applied Economics
utslib.for	1403 Econometrics
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Health
utslib.copyright.status	open_access	*
dc.rights.license	This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0). To view a copy of this license, visit https://creativecommons.org/licenses/by/4.0/
dc.date.updated	2025-03-07T02:44:50Z
pubs.publication-status	Published
pubs.volume	94

Abstract:

We examine physician responses to a global information shock and how these impact their patients. We exploit international news over the safety of an innovation in healthcare, the drug-eluting stent. We use data on interventional cardiologists' use of stents to define and measure cardiologists' responsiveness to the initial positive news and link this to their patients' outcomes. We find substantial heterogeneity in responsiveness to news. Patients treated by cardiologists who respond slowly to the initial positive news have fewer adverse outcomes. This is not due to patient-physician sorting. Instead, our results suggest that the differences are partially driven by slow responders being better at deciding when (not) to use the new technology, which in turn affects their patient outcomes.

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http://hdl.handle.net/10453/185567