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Table 2 Effect of safety net activities on hospital total profit margin

From: The relationship between safety net activities and hospital financial performance

 

Continuous safety net measures

Binary safety net measures

 

(1) OLS

(2) Fe

(3) Fe-Binary

Log Medicaid intensity * 1990

-0.037 [0.023]

-0.021 [0.027]

 

Log Medicaid intensity * 1991

-0.040 [0.022]

-0.025 [0.024]

-0.005 [0.007]

Log Medicaid intensity * 1992

-0.016 [0.023]

-0.002 [0.022]

0.011 [0.009]

Log Medicaid intensity * 1993

-0.034 [0.020]

-0.016 [0.021]

0.015 [0.010]

Log Medicaid intensity * 1994

-0.012 [0.019]

0.032 [0.020]

0.024 [0.010]*

Log Medicaid intensity * 1995

-0.017 [0.021]

0.011 [0.019]

0.024 [0.011]*

Log Medicaid intensity * 1996

-0.013 [0.023]

0.033 [0.021]

0.026 [0.010]*

Log Medicaid intensity * 1997

0.004 [0.025]

0.057 [0.023]*

0.033 [0.011]**

Log Medicaid intensity * 1998

0.016 [0.030]

0.046 [0.028]

0.048 [0.015]**

Log Medicaid intensity * 1999

0.001 [0.028]

0.030 [0.028]

0.029 [0.013]*

SES indexa *1990

-0.007 [0.002]**

0.003 [0.007]

 

SES index *1991

-0.005 [0.002]*

0.006 [0.006]

0.006 [0.007]

SES index *1992

-0.001 [0.002]

0.009 [0.006]

0.014 [0.011]

SES index *1993

0.002 [0.002]

0.012 [0.006]

0.032 [0.011]**

SES index *1994

0.001 [0.002]

0.011 [0.007]

0.026 [0.012]*

SES index *1995

-0.001 [0.002]

0.009 [0.007]

0.018 [0.012]

SES index *1996

-0.007 [0.002]**

0.003 [0.006]

0.009 [0.012]

SES index *1997

-0.008 [0.003]**

0.001 [0.007]

0.010 [0.013]

SES index *1998

-0.012 [0.003]**

-0.001 [0.007]

0.004 [0.015]

SES index *1999

-0.010 [0.003]**

0.001 [0.007]

0.028 [0.017]

log(case mix index)

-0.365 [0.119]**

0.020 [0.156]

-0.010 [0.156]

log(discharges)

0.182 [0.037]**

0.334 [0.065]**

0.345 [0.065]**

Log(visits)

0.003 [0.026]

0.013 [0.027]

0.008 [0.028]

Log(discharges)squared

-0.008 [0.003]**

-0.017 [0.004]**

-0.018 [0.004]**

Log(visits)squared

0.001 [0.002]

-0.001 [0.001]

-0.001 [0.001]

Log(case mix)*log(discharged)

0.044 [0.013]**

-0.001 [0.017]

0.003 [0.017]

Log(visits)*log(discharges)

-0.002 [0.003]

0.002 [0.003]

0.001 [0.003]

Log(Medicare wage index)

0.060 [0.092]

0.307 [0.167]

0.282 [0.166]

Log(Medicare wage index)squared

-0.125 [0.034]**

-0.044 [0.042]

-0.040 [0.042]

Log(visits)*log(Medicare wage index)

0.005 [0.010]

-0.010 [0.011]

-0.008 [0.011]

Log(discharges)*log(Medicare wage index)

-0.016 [0.012]

-0.014 [0.019]

-0.013 [0.018]

Log(intern-to-bed ratio)

-0.063 [0.012]**

-0.103 [0.042]*

-0.103 [0.042]*

Not-for-profit

-0.007 [0.003]*

  

For-profit

0.020 [0.005]**

  

1991 dummy

0.004 [0.012]

0.004 [0.010]

0.003 [0.008]

1992 dummy

-0.010 [0.013]

-0.004 [0.013]

-0.003 [0.010]

1993 dummy

-0.031 [0.013]*

-0.027 [0.013]*

-0.031 [0.010]**

1994 dummy

-0.021 [0.015]

-0.025 [0.014]

-0.016 [0.011]

1995 dummy

-0.013 [0.015]

-0.010 [0.015]

-0.009 [0.011]

1996 dummy

-0.018 [0.016]

-0.020 [0.016]

-0.011 [0.012]

1997 dummy

-0.020 [0.017]

-0.020 [0.016]

-0.006 [0.012]

1998 dummy

-0.035 [0.018]

-0.020 [0.018]

-0.013 [0.014]

1999 dummy

-0.044 [0.019]*

-0.027 [0.019]

-0.022 [0.015]

Log percent Medicare*1990

-0.063 [0.023]**

0.002 [0.032]

-0.007 [0.030]

Log percent Medicare*1991

-0.065 [0.019]**

-0.002 [0.030]

-0.013 [0.028]

Log percent Medicare*1992

-0.035 [0.023]

0.018 [0.029]

0.008 [0.028]

Log percent Medicare*1993

-0.013 [0.020]

0.047 [0.028]

0.049 [0.027]

Log percent Medicare*1994

-0.029 [0.019]

0.038 [0.026]

0.019 [0.025]

Log percent Medicare*1995

-0.003 [0.021]

0.057 [0.026]*

0.050 [0.025]*

Log percent Medicare*1996

0.010 [0.023]

0.075 [0.027]**

0.061 [0.025]*

Log percent Medicare*1997

0.011 [0.023]

0.075 [0.027]**

0.056 [0.025]*

Log percent Medicare*1998

-0.020 [0.026]

0.018 [0.030]

0.017 [0.028]

Log percent Medicare*1999

-0.020 [0.026]

0.014 [0.030]

0.013 [0.029]

Log(System HHI)*1990

0.025 [0.004]**

0.003 [0.011]

0.001 [0.010]

Log(System HHI)*1991

0.025 [0.004]**

-0.000 [0.011]

-0.004 [0.011]

Log(System HHI)*1992

0.026 [0.005]**

0.002 [0.011]

-0.003 [0.011]

Log(System HHI)*1993

0.014 [0.004]**

-0.008 [0.011]

-0.010 [0.011]

Log(System HHI)*1994

0.010 [0.004]*

-0.013 [0.011]

-0.016 [0.011]

Log(System HHI)*1995

0.020 [0.005]**

-0.002 [0.011]

-0.005 [0.011]

Log(System HHI)*1996

0.019 [0.005]**

-0.002 [0.011]

-0.002 [0.011]

Log(System HHI)*1997

0.025 [0.006]**

0.003 [0.012]

0.004 [0.012]

Log(System HHI)*1998

0.018 [0.008]*

-0.001 [0.013]

0.004 [0.013]

Log(System HHI)*1999

0.022 [0.007]**

0.006 [0.012]

0.012 [0.013]

Mean HMO penetration*1990

-0.039 [0.011]**

  

Mean HMO penetration*1991

-0.040 [0.010]**

-0.006 [0.009]

-0.012 [0.008]

Mean HMO penetration*1992

-0.038 [0.011]**

-0.005 [0.012]

-0.018 [0.012]

Mean HMO penetration*1993

-0.023 [0.011]*

0.013 [0.013]

-0.003 [0.012]

Mean HMO penetration*1994

-0.038 [0.011]**

0.000 [0.013]

-0.014 [0.012]

Mean HMO penetration*1995

-0.044 [0.011]**

-0.009 [0.014]

-0.019 [0.013]

Mean HMO penetration*1996

-0.040 [0.012]**

0.001 [0.015]

0.001 [0.014]

Mean HMO penetration*1997

-0.040 [0.013]**

-0.001 [0.015]

0.001 [0.014]

Mean HMO penetration*1998

-0.040 [0.016]*

0.006 [0.017]

0.012 [0.016]

Mean HMO penetration*1999

-0.030 [0.017]

0.025 [0.019]

0.032 [0.018]

Observations

16680

16680

16680

  1. Notes:
  2. Source: AHA Annual Hospital Survey and Medicare Hospital Cost Reports (1990-1999)
  3. aA high score on SES index indicates low socioeconomic status Robust standard errors in brackets
  4. *Significant at p < 0.05; ** significant at p < 0.01%