Table 2 Variable definitions in cost model
C | Total cost of Diagnostic Related Group (DRG) |
C np | Total cost of DRG for new patient(s) under analysis |
ω | Risk adjustment factor |
R | Number of readmissions for current fiscal period |
P | Number of total patients in DRG for current fiscal period |
ρ | Expected rate |
\( \hat{\rho } \) | Predicted rate |
p r | Probability of needing readmission |
N | Number of new patients under consideration |
Ns | Number of new patients to select for intervention |
p s | Probability of intervention success |
\( \bar{c}_{t} \) | Average cost of patient intervention (i.e. home healthcare professional) |