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Abstract:
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The estimation of the total cost equation of general hospitals is a study from the perspective of service providers. The objective is to create a cost model for public hospitals and study the impact of factors that affect the total cost of general hospitals in 17 locations by using the Panel Regression Model to estimate the model. The study found that financial risk, bed occupancy rate, number of beds, relative weight value adjusted to patient days, and the average relative weight value of patient days, which have a link with the total cost of the hospital in the long term. The number of beds had the most significant effect on the hospital's expense, while the occupancy rate had the least impact. The total cost of the hospital does not change with time.
Keywords: Model, Total Cost Equation, Total Hospital Cost, Thailand, Panel Regression Model
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