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/) . Submit final results in MS Word.
Track 1 EXCEL: If you have chosen to work with Excel, please run the three models below and complete the following tables.
Model 1: Run a logit model using system membership as outcome variable, to find out its relationship with hospital cost?
Model 2: For the 2nd model, run a logit model using system membership as outcome variable, to find out its relationship with hospital cost and hospital revenue?
Model 3: For the 3rd model, run a logit model using system membership as outcome variable, to find out its relationship with Medicare-discharge-ratio and Medicaid-discharge-ratio. Leave all variables used in models 1 & 2 in the model.
Based on your finding(s), please recommend 3 policies and discuss the relationship between system membership (i.e. being a member of a network) and hospital cost, hospital revenue, Medicare-discharge-ratio and Medicaid-discharge-ratio. Do you recommend keeping membership for a hospital? Why or why not?
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