Better forecasting ensures profitability, quality of care.
Traditional budget forecasting methods for many hospitals are no longer sufficient to accurately project income and expenses or to ensure profitable patient management under managed care contracts. This article, the fourth in a six-part series on "managing managed care," focuses on accurate forecasting methods that integrate clinical and financial data to ensure profitability and high-quality patient care.
D002017:Budgets / Q000379:methods*; D003695:Delivery of Health Care / Q000191:economics*; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D005544:Forecasting / Q000379:methods*; D008329:Managed Care Programs / Q000191:economics*; D011357:Product Line Management; D014481:United States