Table 1.
Descriptive statistics.
| Minimum | Maximum | Mean | Std. Deviation | |
|---|---|---|---|---|
| DEPENDENT VARIABLES | ||||
| Net Patient Revenue per Discharge | −10,735.92 | 181,518.68 | 37,488.57 | 16,968.67 |
| INDEPENDENT VARIABLES OF INTEREST | ||||
| HCAHPS Summary Star Rating | 1 | 5 | 3.10 | 0.80 |
| Hospital Compare Overall Rating | 1 | 5 | 3.23 | 1.13 |
| Readmission Rate | 0.10 | 0.21 | 0.15 | 0.01 |
| 2021 Total Performance Score | 6 | 92.67 | 33.78 | 11.4 |
| 2021 Clinical Domain Score | 0 | 100 | 43.56 | 18.2 |
| 2021 Safety Domain Score | 0 | 100 | 39.69 | 20.75 |
| 2021 Engagement Domain Score | 5 | 100 | 31.72 | 17.03 |
| 2021 Efficiency Domain Score | 0 | 100 | 20.19 | 25.00 |
| CONTROL VARIABLES | ||||
| Total Assets per Bed (in millions) | −2.56 | 148.54 | 2.45 | 6.34 |
| CC/MCC Rate | 0.13 | 0.86 | 0.67 | 0.074 |
| Rural | 0 | 1 | 0.08 | 0.27 |
| Market Concentration Index | 0.02 | 1.00 | 0.35 | 0.33 |
| Government Operated | 0 | 1 | 0.13 | 0.34 |
| For Profit | 0 | 1 | 0.20 | 0.40 |
| Average Daily Census | 2.30 | 1953.80 | 146.36 | 169.94 |
| Surgical CMI | 1.01 | 5.33 | 2.98 | 0.56 |
| Medical CMI | 0.73 | 2.10 | 1.37 | 0.10 |
| Case Mix Index | 1.01 | 3.85 | 1.74 | 0.30 |
| Payor Mix: Medicaid Days | 0 | 0.79 | 0.09 | 0.08 |
| Payor Mix: Medicare Days | 0.00 | 0.79 | 0.28 | 0.10 |
| Bed Utilization Rate | 0.03 | 1.00 | 0.56 | 0.19 |
| Average Age of Facility (in Years) | 1.06 | 74.35 | 14.04 | 10.17 |
| Average Length of Stay | 0.80 | 15.70 | 4.88 | 1.04 |
| Uncompensated Care (in millions) | 0.13 | 1065.70 | 26.73 | 56.69 |
| Charity Care (in millions) | 0 | 722.20 | 10.11 | 26.00 |
| Labor Compensation Ratio | −0.89 | 6.13 | 0.45 | 0.19 |
| Southeast Region | 0 | 1 | 0.30 | 0.46 |
| Southwest Region | 0 | 1 | 0.12 | 0.32 |
| Midwest Region | 0 | 1 | 0.24 | 0.43 |
| West Region | 0 | 1 | 0.18 | 0.38 |
| Northeast Region | 0 | 1 | 0.16 | 0.37 |