Table 3.

Generalized Estimating Equation Linear Regression: Assisted Living Capacity, Nursing Home Occupancy and Financial Performance.

	Model 1: Assisted living (IV) and financial performance (DV)a		Model 2: Assisted living (IV) and occupancy (DV)b		Model 3: Assisted living, occupancy (DV) and financial performance (IV)c
	Coefficient (SE)	P values	Coefficient (SE)	P values	Coefficient (SE)	P values
Assisted living capacity (per 1000 over the age of 65)	−0.11 (0.05)	.018*	−0.02 (0.05)	.678	−0.11 (0.05)	.02*
Organizational variables
Chain affiliation (multifacility)	1.93 (0.75)	.010**	−0.06 (0.79)	.936	1.94 (0.75)	.010**
Ownership (for-profit)	2.22 (0.95)	.019*	−1.50 (0.99)	.129	2.40 (0.94)	.011*
Percent Black	−0.07 (0.02)	.001***	−0.05 (0.02)	.033*	−0.07 (0.02)	.001***
Percent Hispanic	−0.02 (0.03)	0.443	0.11 (0.03)	.001***	−0.03 (0.02)	.197
Percent HMO	−0.02 (0.03)	0.437	0.04 (0.03)	.125	−0.03 (0.03)	.331
Acuity index	−0.31 (0.34)	.365	−0.99 (0.35)	.005**	−0.19 (0.33)	.578
Market variables
Competition	16.52 (4.28)	.001***	6.59 (4.46)	.139	15.73 (4.25)	.001***
Home health agencies	2.84 (1.52)	.063	0.33 (1.59)	.837	2.80 (1.51)	.064
Hospital beds	0.14 (0.41)	.001***	0.11 (0.04)	.008**	0.12 (0.04)	.003**
Medicare MCO	0.14 (0.04)	.001***	−0.08 (0.04)	.074	0.14 (0.05)	.001***
Educational attainment	−0.35 (0.20)	.075	−0.26 (0.21)	.210	−0.32 (0.20)	.102
Occupancy					0.12 (0.04)	.001***
Constant	11.36 (4.92)		103.75 (5.13)		–1.02 (6.21)

Note.Year fixed effects control for time trend. IV = independent variable; DV = dependent variable; HMO = health maintenance organization; MCO = managed care organization.

^aModel 1: Operating margin = f (assisted living capacity, control variables).

^bModel 2: Nursing home occupancy = f (assisted living capacity, control variables).

^cModel 3: Operating margin = f (assisted living capacity, nursing home occupancy, control variables).

^*P < .05. **P < .01. ***P < .001.