Table A3.
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 | −1.217*** (12.01) | −1.340*** (11.84) | −0.568* (2.24) | −2.475*** (5.79) | −2.871*** (6.14) | −0.226 (0.18) | −0.796*** (9.66) | −0.833*** (8.99) | −0.663** (3.22) |
Two star | −0.967*** (10.54) | −0.961*** (8.71) | −0.933*** (4.74) | −2.451*** (6.36) | −2.385*** (5.39) | −2.120* (2.47) | −0.627*** (8.27) | −0.573*** (6.22) | −0.731*** (4.66) |
Three star | −0.706*** (7.60) | −0.829*** (7.07) | −0.517** (3.00) | −1.456*** (3.88) | −1.768*** (3.83) | −0.594 (0.86) | −0.587*** (8.00) | −0.648*** (6.97) | −0.540*** (3.97) |
Four star | −0.516*** (5.63) | −0.648*** (5.02) | −0.373* (2.52) | −0.471 (1.32) | −0.994* (2.12) | 0.172 (0.29) | −0.560*** (7.99) | −0.631*** (6.24) | −0.484*** (4.49) |
Five star | −0.533** (3.24) | −0.737** (3.01) | −0.498* (2.02) | −0.811 (1.18) | −0.783 (0.84) | −1.123 (1.01) | −0.556*** (4.44) | −0.775*** (3.95) | −0.451** (2.72) |
Constant | 15.777*** (26.20) | 16.383*** (20.42) | 15.008*** (13.70) | 54.184*** (24.07) | 56.838*** (18.56) | 49.116*** (12.42) | 7.403*** (15.66) | 8.175*** (13.52) | −5.715*** (6.79) |
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 | 4672 | 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 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.