Spectrum Health
Proposed Project for the MSU Industrial Math Students
Problem 1: Applying Short-Term
Forecasting to Key Health Care Business Drivers
Projecting the number of beds/admissions in a given month, our department
is tasked with tracking hospital market share, but lately we have been asked
more and more to “predict” how many admissions and/or beds will be needed at the
hospitals in advance. We have investigated trying to use leading indicators such
as labs, diagnostics, etc., but we have not gotten very far with this.
Problem 2: Measuring Health Care Growth in the Value Era
Under Health Reform, traditional fee-for-service will go away in favor of
value-based reimbursement. Therefore, measuring business success by growing the
number of procedures becomes less relevant. How can we define a “share” of
“value” in health care? What metrics should we develop and track?
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