Table A2.

Difference in the Number of Potentially Preventable Hospitalizations per 100 Patients per 30 Days Post vs Pre 5-Star Overall and Stratified by Profit Status.

	All stays			Post-acute care			Long-term care
		Profit status			Profit status			Profit status
	Overall	Profit	Nonprofit	Overall	Profit	Nonprofit	Overall	Profit	Nonprofit
Cumulative effect of Post and Rating × Post at each star level
One star	−0.266*** (6.21)	−0.314*** (6.55)	0.028 (0.25)	−0.524** (2.90)	−0.647** (3.28)	−0.044 (0.08)	−0.195*** (5.34)	−0.224*** (5.43)	−0.005 (0.05)
Two star	−0.102* (2.53)	−0.079 (1.63)	−0.127 (1.52)	−0.253 (1.49)	−0.180 (0.92)	−0.447 (1.21)	−0.074* (2.21)	−0.047 (1.17)	−0.101 (1.49)
Three star	−0.120** (2.98)	−0.161** (3.19)	−0.043 (0.57)	−0.045 (0.28)	−0.126 (0.64)	0.173 (0.58)	−0.158*** (4.80)	−0.189*** (4.64)	−0.122* (1.91)
Four star	−0.056 (1.38)	−0.108* (1.86)	0.015 (0.24)	0.283* (1.79)	0.138 (0.65)	0.415* (1.67)	−0.154*** (4.80)	−0.185*** (3.94)	−0.112* (2.26)
Five star	0.041 (0.59)	−0.009 (0.09)	0.128 (1.26)	0.570* (2.09)	0.623 (1.53)	0.598 (1.51)	−0.106* (1.92)	−0.148* (1.71)	−0.051 (0.70)
Constant	0.468*** (1.83)	0.659* (1.97)	0.122 (0.26)	1.015 (0.96)	0.138 (0.11)	−2.342 (1.48)	0.279 (1.31)	0.530* (1.89)	−0.270 (0.71)
Covariates	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Nursing home FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Patient-30-days, n	43 734 881	30 054 969	10 914 600	7 659 917	5 371 884	1 988 976	36 074 964	24 683 085	8 925 624
Nursing homes, n	16 046	11 331	4 672	15 259	10 966	4398	16 042	11 328	4671

Note. The numbers in the table are the sum of the coefficients on the interaction Rating × Post and the main Post effect, which represent the difference in the number of potentially preventable hospitalizations per 30 days after the implementation of 5-star report card compared with before, accounting for patient and nursing home factors. FE = fixed effects.

^*p < .1. **p < .01. ***p < .001. T-statistic in parentheses.