You are viewing the site in preview mode

Skip to main content

Advertisement

Table 5 Summary statistics

From: Performing well in financial management and quality of care: evidence from hospital process measures for treatment of cardiovascular disease

A. Entire sample (N = 13,273)
Variable N Mean Standard deviation Minimum Maximum
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
B. Sub-sample with non-missing values for Urban Hospital and Uncompensated Care Cost (N = 9,570)
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
C. Two-sample t-tests for differences in means
Variable Size of entire sample Size of sub-sample Difference t-test
Quality Score 13,273 9,570 −0.033*** −14.59
Natural log of Total Assets 13,273 9,570 −0.27*** −15.17
Financial Leverage 13,273 9,570 −0.019*** −2.88
Profit Margin 13,273 9,570 −0.0018 −1.52
Asset Turnover (Sales to Assets) 13,273 9,570 0.002 0.21
Current Ratio 13,273 9,570 0.080*** 2.70
Days Cash On Hand 13,273 9,570 3.4*** 4.57
Days Patients Accounts Receivable 13,273 9,570 2.0*** 6.55
Average Age of Plant (Years) 13,273 9,570 −0.10 −0.39
Salary to Revenue 13,273 9,570 0.011*** 9.49
Public Hospital 13,273 9,570 0.043*** 8.17
Nonprofit Hospital 13,273 9,570 −0.01 −1.51
  1. Difference is shown with ***, ** and * indicating its statistical significant level of 1%, 5% and 10% respectively.