Table 8 Regression of changes in quality score on changes in hospital financial performance
Dependent variable: quality score | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
Natural log of Total Assets | −0.00101 (−1.198) | −0.000460 (−0.538) | −0.000755 (−0.773) | −5.59e-05 (−0.0558) |
∆Financial Leverage | 0.0150** (2.248) | 0.0148** (2.227) | 0.0131** (1.979) | 0.0126* (1.903) |
∆Profit Margin | 0.0505*** (3.022) | 0.0499*** (2.988) | 0.0316* (1.841) | 0.0307* (1.787) |
∆Asset Turnover (Sales to Assets) | 0.000745 (0.195) | 0.00117 (0.306) | −0.00472 (−1.183) | −0.00463 (−1.160) |
∆Current Ratio | −0.000143 (−0.180) | −0.000179 (−0.224) | 0.000119 (0.145) | 9.84e-05 (0.119) |
∆Days Cash On Hand | 2.22e-05 (0.492) | 2.47e-05 (0.548) | 3.54e-05 (0.724) | 3.86e-05 (0.789) |
∆Days Patients Accounts Receivable | −4.25e-05 (−0.629) | −3.61e-05 (−0.534) | 1.09e-08 (0.000149) | 5.95e-06 (0.0813) |
∆Average Age of Plant | −0.000136 (−1.085) | −0.000129 (−1.025) | 1.21e-05 (0.103) | 1.86e-05 (0.158) |
∆Salary to Revenue | 0.0802** (2.337) | 0.0772** (2.252) | 0.0515 (1.366) | 0.0460 (1.221) |
∆Uncompensated Care Cost to Revenue |  |  | −0.0326 (−1.198) | −0.0329 (−1.205) |
Public Hospital | −0.00535* (−1.917) |  | −0.00983*** (−3.239) |  |
Not-for-profit Hospital |  | −0.00362 (−1.466) |  | −0.00733*** (−2.952) |
Urban Hospital |  |  | −6.65e-05 (−0.0249) | 0.00155 (0.588) |
Constant | 0.0552** (2.250) | 0.0460* (1.880) | 0.0504** (2.049) | 0.0382 (1.545) |
Year Fixed-effects | Yes | Yes | Yes | Yes |
State Fixed-effects | Yes | Yes | Yes | Yes |
N | 9,782 | 9,782 | 6,719 | 6,719 |
Adj. R-squared | 0.079 | 0.079 | 0.128 | 0.128 |