Based on your finding please recommend 3 policies to improve hospital performance, use the final model for your recommendation. 1st Model: Run a linear model and predict the difference between hospital beds (use the bed-tot) and hospital’s ownership on hospital net-benefit? Discuss your finding, do you think having higher beds has positive impact on the hospital net benefit? What about mlpthe ownership? Model 1a Hospital Characteristics Coef. St. Err Hospital beds 1459 1221 Ownership For Profit -3075968 1935886 Non-for profit -3675084 2305366 Other -2451322 1747404 N 3030 R-Squared 0.1521 2nd Model: Now, estimate the impact of being a member of a system on hospital net benefit? And discuss your finding (nor more than 2 lines)? Is it significant? Model 2 Hospital Characteristics Coef. St. Err Hospital beds 13729 1266 Ownership For Profit -2815003 1933547 Non-for profit -3749384 2301021 Other -284763 175411 Membership System Membership 5240455 1479757 N R-Squared 0.05259 3nd Model: Now, include the ratio of ratio-Medicare-discharge and ratio-Medicaid-discharge in your model? How do you evaluate the impact of having higher Medicare and Medicaid patients on hospital revenues? Model 3 Hospital Characteristics Coef. St. Err Hospital beds 153608 10017 Ownership For Profit 49564 14816446 Non-for profit -3654294 17620991 Other -19967782 136746 94 Membership System Membership 18972235 11396582 Socio-Economic Characteristics Medicare discharge ratio -5858718 392663 Medicaid discharge ratio -1240015 606833 N R-Squared 0.1909
Based on your finding please recommend 3 policies to improve hospital performance, use the final model for your recommendation.
1st Model:
Run a linear model and predict the difference between hospital beds (use the bed-tot) and hospital’s ownership on hospital net-benefit? Discuss your finding, do you think having higher beds has positive impact on the hospital net benefit? What about mlpthe ownership?
Model 1a |
|||
Hospital Characteristics |
Coef. |
St. Err |
|
Hospital beds |
1459 |
1221 |
|
Ownership |
|||
For Profit |
-3075968 |
1935886 |
|
Non-for profit |
-3675084 |
2305366 |
|
Other |
-2451322 |
1747404 |
|
N |
3030 |
||
R-Squared |
0.1521 |
2nd Model:
Now, estimate the impact of being a member of a system on hospital net benefit? And discuss your finding (nor more than 2 lines)? Is it significant?
Model 2 |
|||
Hospital Characteristics |
Coef. |
St. Err |
|
Hospital beds |
13729 |
1266 |
|
Ownership |
|||
For Profit |
-2815003 |
1933547 |
|
Non-for profit |
-3749384 |
2301021 |
|
Other |
-284763 |
175411 |
|
Membership |
|||
System Membership |
5240455 |
1479757 |
|
N |
|||
R-Squared |
0.05259 |
3nd Model:
Now, include the ratio of ratio-Medicare-discharge and ratio-Medicaid-discharge in your model? How do you evaluate the impact of having higher Medicare and Medicaid patients on hospital revenues?
Model 3 |
|||
Hospital Characteristics |
Coef. |
St. Err |
|
Hospital beds |
153608 |
10017 |
|
Ownership |
|||
For Profit |
49564 |
14816446 |
|
Non-for profit |
-3654294 |
17620991 |
|
Other |
-19967782 |
136746 94 |
|
Membership |
|||
System Membership |
18972235 |
11396582 |
|
Socio-Economic Characteristics |
|||
Medicare discharge ratio |
-5858718 |
392663 |
|
Medicaid discharge ratio |
-1240015 |
606833 |
|
N |
|||
R-Squared |
0.1909 |
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