recommend 3 policies and discuss the impact of being on a network on hospital cost, hospital revenue and out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge.

For this week exercise, we need to try a few logit models (see this link for more information: https://stats.idre.ucla.edu/r/dae/logit-regression/)

Model 1

Run a logit model and use being a member of network and find out its impact on hospital ownership and hospital beds? (Model 1)

Hospital Characteristics	Coef.	St. Err	p-value
Hospital beds
Ownership
For Profit
Non-for profit
Other
N
AIC

 

Model 2

Now, include hospital income and report the Coeff.? (Model 2)

Hospital Characteristics	Coef.	St. Err	p-value
Hospital beds
Ownership
For Profit
Non-for profit
Other
Hospital Income
N
AIC

 

Model 3

Now, include the ratio of ratio-Medicare-discharge and ratio-Medicaid-discharge in your model? And keep all variables you used for models 1, 2 & 3 and discuss your findings? Do you recommend keeping membership for a hospital? Why or why not? (Model 3)

Hospital Characteristics	Coef.	St. Err	p-value
Hospital beds
Ownership
For Profit
Non-for profit
Other
Hospital Income
Medicare discharge ratio
Medicaid discharge ratio
N
AIC

 

Based on your finding please recommend 3 policies to improve hospital performance in FP, NFP hospitals, please make sure to use the final model for your recommendation.

 

If you have chosen to work with Excel, please run above three models and complete the following tables.

Model 1: Run a regression model and use being a member of network and find out its impact on hospital cost? (Model 1)

	Coef.	ST. ERR	T Stat	P-values	Lower 95%	Upper 95%
Model-1
Hospital cost
N
R Square

 

Model 2: For the 2nd model run a regression model and use being a member of network and find out its impact on hospital cost and hospital revenue? (Model 2)

	Coef.	ST. ERR	T Stat	P-values	Lower 95%	Upper 95%
Model-2
Hospital cost
Hospital Revenue
N
R Square

 

Model 3: For the 3rd model run a regression model and use being a member of network and find out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge.

	Coef.	ST. ERR	T Stat	P-values	Lower 95%	Upper 95%
Model-3
Hospital cost
Hospital Revenue
Medicare discharge ratio
Medicaid discharge ratio
N
R Square

 

Based on your finding please recommend 3 policies and discuss the impact of being on a network on hospital cost, hospital revenue and out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge. Do you recommend keeping membership for a hospital? Why or why not?

 

 

HMGT 400 Research and Data Analysis in Health Care-Exercise, page 5