Pam is a healthcare administration leader for a large network ofhospitals and health service centers that is attempting to predictfuture healthcare utilization at their centers over the next 5years. She obtains data regarding patient use across the hospitalnetwork and health service centers and projects forward over thenext 5 years to determine which areas might experience continuedgrowth. After applying her time series model, she is able todemonstrate that, indeed, the hospital network and health servicecenters will experience significant growth. As she prepares toshare her results and findings with the board, she also considersadvocating for the development of a new regional health servicecenter to fill one of the areas that will experience the mostgrowth according to her forecast projections.
As a current or future healthcare administration leader, you maybe asked to assess strategic planning and decision making usingtime series analysis.
Reflect on time series models and forecasting. Think about howyou might implement these methods for healthcare administrationpractice.
