Exercise #5 For this week exercise, we need to try a few logit models (see this link for more information: https://stats.idre.ucla.edu/r/dae/logit-regression/) If you have chosen to work with Excel, please run above three models and complete the following tables. Model 1: Run a regression model and use being a member of network and find out its impact on hospital cost? (Model 1) Model 2: For the 2nd model run a regression model and use being a member of network and find out its impact on hospital cost and hospital revenue? (Model 2) Model 3: For the 3rd model run a regression model and use being a member of network and find out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge. Based on your finding please recommend 3 policies and discuss the impact of being on a network on hospital cost, hospital revenue and out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge. Do you recommend keeping membership for a hospital? Why or why not? If you have decided to use RStudio: Model 1 Run a logit model and use being a member of network and find out its impact on hospital ownership and hospital beds? (Model 1) Model 2 Now, include hospital income and report the Coeff.? (Model 2) Model 3 Now, include the ratio of ratio-Medicare-discharge and ratio-Medicaid-discharge in your model? And keep all variables you used for models 1, 2 & 3 and discuss your findings? Do you recommend keeping membership for a hospital? Why or why not? (Model 3) Based on your finding please recommend 3 policies to improve hospital performance in FP, NFP hospitals, please make sure to use the final model for your recommendation. Download data: The data is the same data you have used for previous exercises Codes: E5-codes Questions: All exercises questions | |
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Introduction:
As part of the medical college curriculum, students are required to complete assignments and examinations to evaluate their understanding and knowledge of medical concepts. In this exercise, students are tasked with running logit models and analyzing their findings to make recommendations for hospitals.
Answer:
The exercise requires students to run logit models and examine the impact of being a member of a network on hospital cost, hospital revenue, and ratio-Medicare-discharge and ratio-Medicaid-discharge. Based on their findings, they must recommend three policies and discuss whether they recommend keeping membership for a hospital.
To complete Model 1, students must run a regression model and examine the impact of being a member of a network on hospital cost. For Model 2, students must include hospital revenue in addition to hospital cost and examine the impact of network membership on both hospital cost and revenue. Finally, for Model 3, students must include the ratio of ratio-Medicare-discharge and ratio-Medicaid-discharge in the model and examine the impact of network membership on these variables.
Based on their findings, students must recommend three policies to improve hospital performance in FP, NFP hospitals, and use the final model for their recommendations. Additionally, they must discuss whether they recommend keeping membership for a hospital based on their findings.
Overall, this exercise challenges students to apply their knowledge of logit models and statistical analysis to real-world healthcare scenarios. Through this process, they can develop their analytical and critical thinking skills while gaining a deeper understanding of healthcare policy and management principles.
