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Toward Integrated Medical Resource Policies for Canada. 3. Analytic Framework for Policy Development

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WP 96-06.pmd 1 PAPER 96-6 THE MANY MEANINGS OF MONEY: A HEALTH POLICY ANALYSIS FRAMEWORK FOR UNDERSTANDING FINANCIAL INCENTIVES Mita Giacomini Jeremiah Hurley Jonathan Lomas Vandna Bhatia Laurie Goldsmith "NOT FOR CITATION WITHOUT PERMISSION" 2 NOT FOR CITATION WITHOUT PERMISSION The Many Meanings of Money: A Health Policy Analysis Framework for Understanding Financial Incentives M. Giacomini 1,2 J. Hurley 1,2,3 J. Lomas 1,2,4,5, V. Bhatia 1 L. Goldsmith 1,2 1 Centre for Health Economics and Policy Analysis, McMaster University 2 Department of Clinical Epidemiology and Biostatistics, McMaster University 3 Department of Economics, McMaster University 4 Canadian Institute for Advanced Research 5 Department of Geography, McMaster University Address comments to: Mita Giacomini, Ph.D. Centre for Health Economics and Policy Analysis McMaster University, 1200 Main Street West, HSC-3H25 Hamilton, Ontario, L8N 3Z5, Canada (905)525-9140 x23863 email: [email protected] Cite as: Giacomini M, Hurley J, Lomas J, Bhatia V, Goldsmith L: "The Many Meanings of Money: A Health Policy Analysis Framework for Understanding Financial Incentives", McMaster University Centre for Health Economics and Policy Analysis Working Paper 96-6, August 1996. 3 ABOUT THE FINANCIAL INCENTIVES PROJECT This study emerged from a collaborative research project entitled, “Financial Incentives in the Canadian Health System.” The Financial Incentives project was conducted by investigators at the Centre for Health Economics and Policy Analysis at McMaster University, and funded through a grant from National Health Research and Development Program. The purpose of the project was to develop a framework for understanding how financial incentives work within the social and institutional context of the Canadian health system. The project involved several phases of research. The first phase involved developing a trans-disciplinary conceptual framework for analyzing financial

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