Using table 1. compute the Herfindahl–Hirschman Index Compare the following information between hospitals located in high, moderate and low competitive markets? (table 1) What are the main significant differences between hospitals in different markets? (use ANOVA test) Use the density curves and compare hospitals cost and revenues between three markets. What is the impact of being in a high-competitive market on hospital revenues and cost? Do you think being in a high-competitive market has a positive impact on net hospital benefits? What about the number of Medicare and Medicaid discharge? Do you think hospitals in a higher completive market more likely to accept more Medicare and Medicaid patients? What is the impact of other variables? Please discuss your findings in 1-2 paragraphs. Table 1. Descriptive statistics between hospitals in 2011 & 2012 Hospital Characteristics 2011 2012 p-value N Mean St. Dev N Mean St. Dev 1. Hospital beds 1505 376.6086 560.8998 1525 376.8 579.8366 0.9926 2. Number of paid Employee 1498 1237.276 1615.797 1515 1491.121 1961.637 0.0001073 3. Number of non-paid Employees 30 39.973 72.58805 30 44.76976 81.29861 0.8104 4. Total hospital cost 1505 21687.3332 30457072 1525 214748023 294143536 0.8451 5. Total hospital revenues 1505 228706319 323339811 1525 229978391 321273114 0.9135 6. Available Medicare days 1499 16739.16 19214.29 1516 17110.14 19765.74 0.6013 7. Available Medicaid days 1484 5301.199 9207.699 1501 5366.333 9340.373 0.8479 8. Total Hospital Discharge 1500 9492.326 10898.6 1517 9544.051 10994.17 0.8968 9. Medicare discharge 1499 3230.624 3388.957 1516 3598.428 3785.675 0.004986 10. Medicaid discharge 1481 1130.727 1757.158. 1498 1119.547 1740.423 0.8615

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

Related questions

Question

Using table 1. compute the Herfindahl–Hirschman Index
Compare the following information between hospitals located in high, moderate and low competitive markets? (table 1)
What are the main significant differences between hospitals in different markets? (use ANOVA test)
Use the density curves and compare hospitals cost and revenues between three markets.
What is the impact of being in a high-competitive market on hospital revenues and cost? Do you think being in a high-competitive market has a positive impact on net hospital benefits? What about the number of Medicare and Medicaid discharge? Do you think hospitals in a higher completive market more likely to accept more Medicare and Medicaid patients? What is the impact of other variables? Please discuss your findings in 1-2 paragraphs.

Table 1. Descriptive statistics between hospitals in 2011 & 2012