Table 5.
Summary statistics
| A. Entire sample (N = 13,273) | |||||
|---|---|---|---|---|---|
| Variable | N | Mean | Standard deviation | Minimum | Maximum |
| Quality Score | 13,273 | 0.793 | 0.186 | 0.102 | 0.998 |
| Public | 2,871 | 0.685 | 0.231 | 0.102 | 0.998 |
| Nonprofit | 7,587 | 0.830 | 0.152 | 0.102 | 0.998 |
| Natural log of Total Assets | 13,273 | 17.9 | 1.39 | 11.4 | 22.5 |
| Public | 2,871 | 17.3 | 1.47 | 11.4 | 21.8 |
| Nonprofit | 7,587 | 18.2 | 1.35 | 12.2 | 22.5 |
| Financial Leverage | 13,273 | 0.611 | 0.483 | 0.038 | 2.91 |
| Public | 2,871 | 0.459 | 0.338 | 0.038 | 2.91 |
| Nonprofit | 7,587 | 0.548 | 0.362 | 0.038 | 2.91 |
| Profit Margin | 13,273 | 2.74% | 8.78% | −30.8% | 25.9% |
| Public | 2,871 | 2.36% | 7.98% | −30.8% | 25.9% |
| Nonprofit | 7,587 | 2.70% | 7.04% | −30.8% | 25.9% |
| Asset Turnover (Sales to Assets) | 13,273 | 1.33 | 0.728 | 0.372 | 4.54 |
| Public | 2,871 | 1.19 | 0.666 | 0.372 | 4.54 |
| Nonprofit | 7,587 | 1.25 | 0.643 | 0.372 | 454 |
| Current Ratio | 13,273 | 2.61 | 2.23 | 0.145 | 14.7 |
| Public | 2,871 | 3.33 | 2.65 | 0.145 | 14.7 |
| Nonprofit | 7,587 | 2.51 | 2.13 | 0.145 | 14.7 |
| Days Cash On Hand | 13,273 | 41.0 | 56.7 | 0.01 | 306 |
| Public | 2,871 | 65.2 | 70.8 | 0.01 | 306 |
| Nonprofit | 7,587 | 43.2 | 53.2 | 0.01 | 306 |
| Days Patients Accounts Receivable | 13,273 | 56.5 | 23.4 | 11.5 | 177 |
| Public | 2,871 | 63.8 | 27.2 | 11.5 | 177 |
| Nonprofit | 7,587 | 52.8 | 19.9 | 11.5 | 177 |
| Average Age of Plant (Years) | 13,273 | 14.2 | 18.9 | 0.782 | 157 |
| Public | 2,871 | 15.1 | 18.2 | 0.782 | 157 |
| Nonprofit | 7,587 | 16.3 | 21.0 | 0.782 | 157 |
| Salary to Revenue | 13,273 | 40.5% | 8.80% | 23.0% | 69.1% |
| Public | 2,871 | 45.1% | 9.17% | 23.0% | 69.1% |
| Nonprofit | 7,587 | 41.1% | 7.48% | 23.0% | 69.1% |
| Uncompensated Care Cost to Revenue | 9,584 | 12.5% | 9.48% | 0.93% | 59.1% |
| Public | 1,660 | 14.9% | 11.9% | 0.93% | 59.1% |
| Nonprofit | 5,575 | 11.9% | 8.63% | 0.93% | 59.1% |
| Public Hospital | 13,273 | 21.6% | 41.2% | 0 | 1 |
| Not-for-profit Hospital | 13,273 | 57.2% | 49.5% | 0 | 1 |
| Urban Hospital | 13,174 | 54.9% | 49.7% | 0 | 1 |
| B. Sub-sample with non-missing values for Urban Hospital and Uncompensated Care Cost (N = 9,570) | |||||
| Variable | N | Mean | Standard deviation | Minimum | Maximum |
| Quality Score | 9,570 | 0.826 | 0.155 | 0.102 | 0.998 |
| Public | 1,655 | 0.741 | 0.203 | 0.102 | 0.998 |
| Nonprofit | 5,566 | 0.854 | 0.125 | 0.102 | 0.998 |
| Natural log of Total Assets | 9,570 | 18.17 | 1.28 | 11.4 | 22.5 |
| Public | 1,655 | 17.7 | 1.47 | 11.4 | 21.8 |
| Nonprofit | 5,566 | 18.5 | 1.19 | 12.2 | 22.5 |
| Financial Leverage | 9,570 | 0.630 | 0.497 | 0.038 | 2.91 |
| Public | 1,655 | 0.459 | 0.351 | 0.038 | 2.91 |
| Nonprofit | 5,566 | 0.553 | 0.355 | 0.038 | 2.91 |
| Profit Margin | 9,570 | 2.92% | 8.91% | −30.8% | 25.9% |
| Public | 1,655 | 2.10% | 8.11% | −30.8% | 25.9% |
| Nonprofit | 5,566 | 2.85% | 7.40% | −30.8% | 25.9% |
| Asset Turnover (Sales to Assets) | 9,570 | 1.33 | 0.712 | 0.371 | 4.538 |
| Public | 1,655 | 1.18 | 0.667 | 0.371 | 4.538 |
| Nonprofit | 5,566 | 1.24 | 0.627 | 0.371 | 4.538 |
| Current Ratio | 9,570 | 2.53 | 2.20 | 0.145 | 14.796 |
| Public | 1,655 | 3.21 | 2.57 | 0.145 | 14.796 |
| Nonprofit | 5,566 | 2.50 | 2.19 | 0.145 | 14.796 |
| Days Cash On Hand | 9,570 | 37.6 | 54.5 | 0.01 | 306 |
| Public | 1,655 | 61.7 | 66.5 | 0.01 | 306 |
| Nonprofit | 5,566 | 42.8 | 54.4 | 0.01 | 306 |
| Days Patients Accounts Receivable | 9,570 | 54.5 | 22.3 | 11.5 | 177 |
| Public | 1,655 | 62.8 | 27.2 | 11.5 | 177 |
| Nonprofit | 5,566 | 51.7 | 19.7 | 11.5 | 177 |
| Average Age of Plant (Years) | 9,570 | 14.3 | 19.6 | 0.782 | 158 |
| Public | 1,655 | 15.1 | 18.9 | 0.782 | 158 |
| Nonprofit | 5,566 | 16.8 | 22.2 | 0.782 | 158 |
| Salary to Revenue | 9,570 | 39.4% | 8.53% | 23.0% | 69.1% |
| Public | 1,655 | 44.3% | 9.13% | 23.0% | 69.1% |
| Nonprofit | 5,566 | 40.5% | 7.33% | 23.0% | 69.1% |
| Uncompensated Care Cost to Revenue | 9,570 | 12.5% | 9.48% | 0.93% | 59.1% |
| Public | 1,655 | 15.0% | 11.9% | 0.93% | 59.1% |
| Nonprofit | 5,566 | 11.9% | 8.64% | 0.93% | 59.1% |
| Public Hospital | 9,570 | 17.3% | 37.8% | 0 | 1 |
| Not-for-profit Hospital | 9,570 | 58.2% | 49.3% | 0 | 1 |
| Urban Hospital | 9,570 | 65.0% | 47.7% | 0 | 1 |
| C. Two-sample t-tests for differences in means | |||||
| Variable | Size of entire sample | Size of sub-sample | Difference | t-test | |
| Quality Score | 13,273 | 9,570 | −0.033*** | −14.59 | |
| Natural log of Total Assets | 13,273 | 9,570 | −0.27*** | −15.17 | |
| Financial Leverage | 13,273 | 9,570 | −0.019*** | −2.88 | |
| Profit Margin | 13,273 | 9,570 | −0.0018 | −1.52 | |
| Asset Turnover (Sales to Assets) | 13,273 | 9,570 | 0.002 | 0.21 | |
| Current Ratio | 13,273 | 9,570 | 0.080*** | 2.70 | |
| Days Cash On Hand | 13,273 | 9,570 | 3.4*** | 4.57 | |
| Days Patients Accounts Receivable | 13,273 | 9,570 | 2.0*** | 6.55 | |
| Average Age of Plant (Years) | 13,273 | 9,570 | −0.10 | −0.39 | |
| Salary to Revenue | 13,273 | 9,570 | 0.011*** | 9.49 | |
| Public Hospital | 13,273 | 9,570 | 0.043*** | 8.17 | |
| Nonprofit Hospital | 13,273 | 9,570 | −0.01 | −1.51 | |
Difference is shown with ***, ** and * indicating its statistical significant level of 1%, 5% and 10% respectively.