Calculation of means and comparison of means

Calculationof means and comparison of means

Changesin the means of the variable are indicated in the table below. Thesignificance of the change is indicated also worked out at 95%confidence levels.

Variable

Mean – 2001

Mean – 2005

Change

Total operating expenses

91277908.56

127421693.2

Significant

Net charity care

3613097.889

8038960.123

Significant

RN FTE’s

263.2962963

309.1728395

Significant

Payroll expenses

39588297.31

52004556.17

Significant

Staffed beds

167.45679

216.5926

Significant

Occupancy

0.5431672

0.731681

Significant

Medicare days

23784.8765

25092.15

Non significant

Medicaid days

9362.18519

10467.28

Non significant

Total surgeries

8527.555556

8979.777778

Non significant

Outpatient visits

87306.22222

126900.4568

Significant

Emergency visits

30304.65432

35288.54321

significant

Conclusionabout the data.

Fromthe table, it is clear that changes in Medicaid and Medicare dayswere not significant same to total surgeries. All other variablesrecorded a significant change.

Implications

Theimplications these results have for health care professionalsregarding the performance of hospitals in this state in the periodfrom 2001 through 2005 are that:-

  • Expenses in all areas should be controlled in proportion to the output results

  • Emergency and outpatient visits are good since this may have contributed to a fairly stable number of surgeries, Medicaid and Medicare days

  • Staffing is equally important in achieving health care objectives.

  • Planning directing and co-coordinating health care services involves making statistical analyses of the institution which is crucial for managers [ CITATION Bur15 l 1033 ].

Rationale

Suchan analysis will help the hospitals to provide optimum healthservices as part of the health care objectives and for management tomake informed decisions on representation and advocacy, education,communication and health care data [ CITATION VHH11 l 1033 ].

References

Bureau, o. L. (2014-2015). occupational outlook handbook. Retrieved November 30, 2014, from BLS website: http://www.blshttp://www.bls.gov/ooh/management/medical-and-health-services-managers.htm

VHHA. (2011). Virginia Hospital and Healthcare Association. Retrieved November 30, 2014, from VHHV website: http://www.vhha.com/about.html