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5.3. Risk-adjusted average cost per day
The model for average cost per day (per diem rate) had a very good fit, explaining approximately 74% of the variation. The important risk factors were age – though not across all 19 age bands, level of care, the hospital group and the pre-existing conditions listed in the table below. Gender does not have a significant impact on the daily benefits paid.
Significant pre-existing conditions: average daily cost HIV Asthma Bronchiectasis Diabetes mellitus type 1 Diabetes mellitus type 2 Cardiac failure Hyperlipidemia Hypertension Hypothyroidism Chronic obstructive pulmonary disorder Coronary artery disease Rheumatoid arthritis Cancer Obesity
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Board of Healthcare Funders Industry Technical Advisory Committee