Dependent variable: quality Score | (1) | (2) | (3) | (4) |
---|---|---|---|---|
Natural log of Total Assets | 0.0720*** (58.44) | 0.0724*** (57.67) | 0.0565*** (38.29) | 0.0554*** (36.74) |
Financial Leverage | 0.00189 (0.622) | 0.00830*** (2.703) | 0.0105*** (3.543) | 0.0154*** (5.155) |
Profit Margin | −0.0258 (−1.530) | −0.0318* (−1.877) | −0.0238 (−1.417) | −0.0257 (−1.524) |
Asset Turnover (Sales to Assets) | 0.0345*** (14.86) | 0.0371*** (15.94) | 0.0193*** (7.827) | 0.0200*** (8.073) |
Current Ratio | 0.000758 (1.145) | 0.000718 (1.079) | −0.000288 (−0.435) | −0.000326 (−0.490) |
Days Cash On Hand | −0.000139*** (−5.384) | −0.000199*** (−7.743) | −0.000117*** (−4.405) | −0.000166*** (−6.293) |
Days Patients Accounts Receivable | −0.000116** (−1.974) | −0.000101* (−1.705) | −0.000159** (−2.568) | −0.000145** (−2.332) |
Average Age of Plant | 2.93e-05 (0.444) | −3.26e-05 (−0.487) | 0.000121* (1.870) | 6.75e-05 (1.031) |
Salary to Revenue | −0.137*** (−7.375) | −0.212*** (−11.77) | −0.0890*** (−4.360) | −0.153*** (−7.674) |
Uncompensated Care Cost to Revenue |  |  | −0.123*** (−8.112) | −0.121*** (−7.911) |
Public Hospital | −0.0529*** (−15.05) |  | −0.0416*** (−10.92) |  |
Not-for-profit Hospital | Â | 0.0248*** (8.371) | Â | 0.0194*** (6.384) |
Urban Hospital | Â | Â | 0.0179*** (5.442) | 0.0209*** (6.337) |
Constant | −0.527*** (−15.14) | −0.534*** (−15.24) | −0.231*** (−6.298) | −0.211*** (−5.687) |
Year Fixed-effects | Yes | Yes | Yes | Yes |
State Fixed-effects | Yes | Yes | Yes | Yes |
N | 13,273 | 13,273 | 9,570 | 9,570 |
Adj. R-squared | 0.430 | 0.424 | 0.410 | 0.406 |