No excuses: forecasting can be managed.
Originally written for manufacturers, the forecasting concepts presented in this article are easily applied to a hospital or health care facility with a supply function or central distribution center. Forecasting can offer a method of managing the control of medical supplies, pharmaceuticals, or maintenance items. A statistical based forecasting approach with seasonality testing could be useful in analyzing patient census data, calculating trends, and then recommending staffing levels. Cost containment and efficiency of operations are priorities in any industry. Forecasting the demand of medical supplies and services in today's hectic health care environment can have a significant effect on both customer service and financial results. The bottom line is happy patients and healthy profits.
Litton-Winchester Electronics Division, Watertown, CT.
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D003237:Connecticut; D003258:Consumer Behavior; D003363:Cost Control / Q000379:methods; D017598:Efficiency, Organizational / Q000191:economics; D005544:Forecasting; D006301:Health Services Needs and Demand / Q000639:trends; D007221:Industry / Q000191:economics / Q000458:organization & administration* / Q000639:trends; D007445:Inventories, Hospital / Q000379:methods; D008421:Materials Management, Hospital / Q000379:methods; D011357:Product Line Management / Q000639:trends*; D012984:Software; D013997:Time Factors