For this week’s exercise, we need to try a few logit models (see this link for more information: https://stats.idre.ucla.edu/r/dae/logit-regression/)
Track 1 EXCEL: If you have chosen to work with Excel, please run the three models and complete the following tables.
Logit Model 1: Run a logit model and use the “being a member of a network” variable and find out its impact on hospital costs? (Logit Model 1)
| Coef. | ST. ERR | T Stat | P-values | Lower 95% | Upper 95% | |
| Model-1 | ||||||
| Hospital cost | ||||||
| N | ||||||
| AIC |
Logit Model 2: For the 2nd model run a logit model and use the “being a member of a network” variable and find its impact on hospital cost and hospital revenue? (Logit Model 2)
| Coef. | ST. ERR | T Stat | P-values | Lower 95% | Upper 95% | |
| Model-2 | ||||||
| Hospital cost | ||||||
| Hospital Revenue | ||||||
| N | ||||||
| AIC |
Logit Model 3: For the 3rd model run a logit model and use the “being a member of a network” variable and find its impact on ratio-of-Medicare-discharge and ratio-of-Medicaid-discharge.
| Coef. | ST. ERR | T Stat | P-values | Lower 95% | Upper 95% | |
| Model-3 | ||||||
| Hospital cost | ||||||
| Hospital Revenue | ||||||
| Medicare discharge ratio | ||||||
| Medicaid discharge ratio | ||||||
| N | ||||||
| AIC |
Based on your findings 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?
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