Table 5.
Fixed Effects Regression Analysis for the Relationship Between Nursing Home Outcomes Quality and Financial Performance (Operating Margin).
| Quality variables | Coefficient |
|---|---|
| Outcome variables | |
| Facility-acquired contractures | −0.84*** |
| Facility-acquired bedsores | −3.93*** |
| Hospitalizations per resident | −0.22* |
| Rehospitalizations | −0.01 |
| Health deficiencies | −0.02*** |
| Control variables | |
| Total beds | 0.01 |
| Average acuity index | −0.10** |
| Herfindahl-Hirschman Index | −0.01 |
| Per capita income | 0.01*** |
| Medicare Advantage (managed care) penetration rate | 0.01*** |
a
Variable lagged by 1 year.
*
P ≤ .05. **P ≤ .01. ***P ≤ .001.