Exercise #2

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Nov 24, 2024

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1 Exercise #2 Brittany Felton University of Maryland Global Campus HMGT 400: Research and Data Analysis in Healthcare Dr. Hossein Zare October 31, 2023
2 Exercise #2 Table 2. Descriptive statistics between teaching and non-teaching hospitals, 2011 & 2012 Hospital Characteristics Teaching Non-Teaching p-value N Mean St. Dev N Mean St. Dev 1. Hospital beds 936 549.0256 605.0675 2094 299.6791 536.7652 <2.2e-16 2. Number of paid Employee 929 2475.563 2550.74 5 2084 869.8128 1001.237 <2.2e-16 3. Number of non-paid Employees 30 57.08453 101.8859 30 27.65823 32.58495 6.653e-05 4. Interns and Residents 617 124.8958 179.446 308 41.52964 96.46728 <2.2e-16 5. System Membership 936 0.6698 0.4705 2094 0.57736 0.4940 <2.2e-16 6. Total hospital cost 936 392976714 424408629 2094 136608825 169943309 <2.2e-16 7. Total hospital revenues 936 417498875 457483256 2094 145244082 184064399 <2.2e-16 8. Hospital net benefit 936 24522169 52182871 2094 8635291 30582257 <2.2e-16 9. Available Medicare days 929 28825.6 24287.36 2086 11626.08 13919.94 <2.2e-16 10. Available Medicaid days 929 10372.87 13102.66 2056 3057.124 5538.334 <2.2e-16 11. Total Hospital Discharge 929 16649.56 13564.48 2088 6345.484 7654.591 <2.2e-16 12. Medicare discharge 929 5571.574 4247.162 2086 2455.252 2773.352 <2.2e-16
3 13. Medicaid discharge 929 2011.146 2310.712 2050 723.5776 1227.923 <2.2e-16 1. Compare the following information between teaching and non-teaching hospitals. The number of non-teaching hospitals is higher than the number of teaching hospital in all characteristics. For examples, the teaching hospitals have 936 beds while non-teaching hospitals have 2094 beds. 2. What are the main significant differences between teaching and non-teaching hospitals? (use t-test) The key differentiating factors between teaching and non-teaching hospitals encompass the bed capacity, staff size (including paid employees, interns, and residents), total hospital expenditures, revenues, net income, the provision of Medicare and Medicaid services, hospital discharges, and specifically, Medicaid and Medicare discharges. Each of these has p-values that are lower than 5%. 3. Comparing hospital net-benefit, which hospital has better performance? To answer this question first compute the hospital net benefits with subtracting hospital costs and revenues and then use t-test to compare the significant differences between teaching and non-teaching hospitals. Teaching hospitals have lower performance than non-teaching hospitals in terms of net benefits, revenue, and costs. Teaching hospitals and non-teaching hospitals exhibit substantial differences in their performance. 4. Use a box-plot and compare hospitals-cost and hospital-revenues between teaching and non-teaching hospitals.
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4 5. Write a short paragraph and describe your findings and their importance for the managerial decision-making. List a specific managerial function and the way the processed date will be used to meet the managerial objectives. The t-test results demonstrate a statistically significant disparity between teaching and non- teaching hospitals in relation to all variables. This is because, as observed below, the p-value is consistently less than 0.05 in all cases. The findings indicate a confidence level of 95%.