Modern methods improve hospital forecasting.
This study has shown that a sophisticated statistical technique can lead to better patient days forecasts and should lead to more accurate budgets for those hospitals using forecast budgets. Also, the modified time series decomposition method that adapts to sudden shifts in the environment can be used for not only changes in reimbursement mechanisms, but other changes, such as increased beds, as well.
D005544:Forecasting / Q000379:methods*; D006301:Health Services Needs and Demand / Q000639:trends*; D006302:Health Services Research / Q000639:trends*; D006761:Hospitals / Q000706:statistics & numerical data*; D014481:United States