OM6 ONLINE-LMS INTEGRATED ACCESS
6th Edition
ISBN: 9781337118323
Author: Collier
Publisher: CENGAGE L
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Chapter 2, Problem 8PA
Summary Introduction
Interpretation:Conclusion needs to be made on basis of interlinking relationship between Average LOS and Aspirin on Arrival, LVSD Medication
Concept Introduction:The scatter chart helps in building an interlinking relationship between the performance measures of the company.
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Analyse the issues described below using root cause analysis techniques.
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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…
Chapter 2 Solutions
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