Table 5 Summary statistics

Quality Score

13,273

0.793

0.186

0.102

0.998

  Public

2,871

0.685

0.231

0.102

0.998

  Nonprofit

7,587

0.830

0.152

0.102

0.998

Natural log of Total Assets

13,273

17.9

1.39

11.4

22.5

  Public

2,871

17.3

1.47

11.4

21.8

  Nonprofit

7,587

18.2

1.35

12.2

22.5

Financial Leverage

13,273

0.611

0.483

0.038

2.91

  Public

2,871

0.459

0.338

0.038

2.91

  Nonprofit

7,587

0.548

0.362

0.038

2.91

Profit Margin

13,273

2.74%

8.78%

−30.8%

25.9%

  Public

2,871

2.36%

7.98%

−30.8%

25.9%

  Nonprofit

7,587

2.70%

7.04%

−30.8%

25.9%

Asset Turnover (Sales to Assets)

13,273

1.33

0.728

0.372

4.54

  Public

2,871

1.19

0.666

0.372

4.54

  Nonprofit

7,587

1.25

0.643

0.372

454

Current Ratio

13,273

2.61

2.23

0.145

14.7

  Public

2,871

3.33

2.65

0.145

14.7

  Nonprofit

7,587

2.51

2.13

0.145

14.7

Days Cash On Hand

13,273

41.0

56.7

0.01

306

  Public

2,871

65.2

70.8

0.01

306

  Nonprofit

7,587

43.2

53.2

0.01

306

Days Patients Accounts Receivable

13,273

56.5

23.4

11.5

177

  Public

2,871

63.8

27.2

11.5

177

  Nonprofit

7,587

52.8

19.9

11.5

177

Average Age of Plant (Years)

13,273

14.2

18.9

0.782

157

  Public

2,871

15.1

18.2

0.782

157

  Nonprofit

7,587

16.3

21.0

0.782

157

Salary to Revenue

13,273

40.5%

8.80%

23.0%

69.1%

  Public

2,871

45.1%

9.17%

23.0%

69.1%

  Nonprofit

7,587

41.1%

7.48%

23.0%

69.1%

Uncompensated Care Cost to Revenue

9,584

12.5%

9.48%

0.93%

59.1%

  Public

1,660

14.9%

11.9%

0.93%

59.1%

  Nonprofit

5,575

11.9%

8.63%

0.93%

59.1%

Public Hospital

13,273

21.6%

41.2%

0

1

Not-for-profit Hospital

13,273

57.2%

49.5%

0

1

Urban Hospital

13,174

54.9%

49.7%

0

1

Variable

N

Mean

Standard deviation

Minimum

Maximum

Quality Score

9,570

0.826

0.155

0.102

0.998

  Public

1,655

0.741

0.203

0.102

0.998

  Nonprofit

5,566

0.854

0.125

0.102

0.998

Natural log of Total Assets

9,570

18.17

1.28

11.4

22.5

  Public

1,655

17.7

1.47

11.4

21.8

  Nonprofit

5,566

18.5

1.19

12.2

22.5

Financial Leverage

9,570

0.630

0.497

0.038

2.91

  Public

1,655

0.459

0.351

0.038

2.91

  Nonprofit

5,566

0.553

0.355

0.038

2.91

Profit Margin

9,570

2.92%

8.91%

−30.8%

25.9%

  Public

1,655

2.10%

8.11%

−30.8%

25.9%

  Nonprofit

5,566

2.85%

7.40%

−30.8%

25.9%

Asset Turnover (Sales to Assets)

9,570

1.33

0.712

0.371

4.538

  Public

1,655

1.18

0.667

0.371

4.538

  Nonprofit

5,566

1.24

0.627

0.371

4.538

Current Ratio

9,570

2.53

2.20

0.145

14.796

  Public

1,655

3.21

2.57

0.145

14.796

  Nonprofit

5,566

2.50

2.19

0.145

14.796

Days Cash On Hand

9,570

37.6

54.5

0.01

306

  Public

1,655

61.7

66.5

0.01

306

  Nonprofit

5,566

42.8

54.4

0.01

306

Days Patients Accounts Receivable

9,570

54.5

22.3

11.5

177

  Public

1,655

62.8

27.2

11.5

177

  Nonprofit

5,566

51.7

19.7

11.5

177

Average Age of Plant (Years)

9,570

14.3

19.6

0.782

158

  Public

1,655

15.1

18.9

0.782

158

  Nonprofit

5,566

16.8

22.2

0.782

158

Salary to Revenue

9,570

39.4%

8.53%

23.0%

69.1%

  Public

1,655

44.3%

9.13%

23.0%

69.1%

  Nonprofit

5,566

40.5%

7.33%

23.0%

69.1%

Uncompensated Care Cost to Revenue

9,570

12.5%

9.48%

0.93%

59.1%

  Public

1,655

15.0%

11.9%

0.93%

59.1%

  Nonprofit

5,566

11.9%

8.64%

0.93%

59.1%

Public Hospital

9,570

17.3%

37.8%

0

1

Not-for-profit Hospital

9,570

58.2%

49.3%

0

1

Urban Hospital

9,570

65.0%

47.7%

0

1

Variable

Size of entire sample

Size of sub-sample

t-test

Quality Score

13,273

9,570

−14.59

Natural log of Total Assets

13,273

9,570

−15.17

Financial Leverage

13,273

9,570

−2.88

Profit Margin

13,273

9,570

−1.52

Asset Turnover (Sales to Assets)

13,273

9,570

0.21

Current Ratio

13,273

9,570

2.70

Days Cash On Hand

13,273

9,570

4.57

Days Patients Accounts Receivable

13,273

9,570

6.55

Average Age of Plant (Years)

13,273

9,570

−0.39

Salary to Revenue

13,273

9,570

9.49

Public Hospital

13,273

9,570

8.17

Nonprofit Hospital

13,273

9,570

−1.51