Forecast-Focused Strategy The first strategy to be put forth to solve the solution of the three previously identified problems- financial, infrastructure and personnel- is the forecast-focused strategy. This strategy focuses on resolving the main problems via a more sophisticated and advanced forecasting model. The “new” forecast model to be developed would seek to make more accurate future projections with regards to budgeting as well as things such as supplies and inventory and staff to patient ratios. A new forecast model would aim to improve efficiency by: (1) eliminating those assets that are no longer of use; (2) identifying technological areas to invest in; (3) reducing overhead costs and (4) maximizing profit where possible. Improving efficiency, accuracy of budget requests and management of budgets are three central goals of this strategy.
Demographic and Departmental Analyses Strategy …show more content…
In many senses, these two analyses would be used to compliment the already existing forecasting model. The demographic analysis would be conducted to identify regional rends in the utilization of services and programs offered by Capital Coast Health Limited health centers (i.e., do certain programs need to be added and/or removed). It would also seek to make projections on the types of demands that the hospital will face in the future by the local students and visitors to and residents of the communities (i.e., with an aging population an increase in demand for technology that can perform a cardio computed tomography may arise). Additionally, the demographic analysis would be utilized to provide rationale about the relocation and/or removal of certain services and/or programs within each of the hospitals respectively (i.e., to improve efficiency and to cut
Demographic and Departmental Analyses Strategy …show more content…
In many senses, these two analyses would be used to compliment the already existing forecasting model. The demographic analysis would be conducted to identify regional rends in the utilization of services and programs offered by Capital Coast Health Limited health centers (i.e., do certain programs need to be added and/or removed). It would also seek to make projections on the types of demands that the hospital will face in the future by the local students and visitors to and residents of the communities (i.e., with an aging population an increase in demand for technology that can perform a cardio computed tomography may arise). Additionally, the demographic analysis would be utilized to provide rationale about the relocation and/or removal of certain services and/or programs within each of the hospitals respectively (i.e., to improve efficiency and to cut