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Table 1 Factors and their rationale for inclusion

From: What is a hospital bed day worth? A contingent valuation study of hospital Chief Executive Officers

Factor Rationale
Time of year Infection rates and demand for services in general are impacted upon by seasonal variations.
Bed occupancy Hospitals generally operate at very high levels of occupancy and to the extent to which this is the case will impact on demand/need for further beds.
Bed type Ward beds and ICU beds have different demand and different value.
Operating theatre capacity The extent to which beds can be useful to a hospital at a given point in time is limited by the capacity of the hospital to perform surgery and hence utilise the beds.
Waiting lists Fluctuations in the external demand for beds/services affect the need for the resource locally.