5 steps to creating a forecast.
By using forecasting techniques, healthcare financial managers can adjust the decisions that will help them achieve the organization's goals. The major steps that should be addressed in forecasting include: Establishing the business need. Acquiring data. Building the forecasting model. Evaluating the results. Applying the forecast.
Stark
Doug
D
MedeFinance, Emeryville, CA, USA. dstark@medefinance.com
Mould
David
D
Schweikert
Alec
A
D003625:Data Collection; D017598:Efficiency, Organizational; D005069:Evaluation Studies as Topic; D005377:Financial Management, Hospital / Q000458:organization & administration*; D005544:Forecasting / Q000379:methods*; D017146:Models, Organizational; D009937:Organizational Objectives