Historical data is a great way to predict future volume. You can also look at the rate at which your insurance companies reimburse your claims. When doing so you would look at the severity of the issues that brought the patient to the office and disseminate which ones were for flu. What do you do for the outlier data year-over-year? Meaning what if you had a severe flu season last year but in previous years, flu season wasn't so severe. How will your account for a that volume?
Historical data is a great way to predict future volume. You can also look at the rate at which your insurance companies reimburse your claims. When doing so you would look at the severity of the issues that brought the patient to the office and disseminate which ones were for flu. What do you do for the outlier data year-over-year? Meaning what if you had a severe flu season last year but in previous years, flu season wasn't so severe. How will your account for a that volume?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Historical data is a great way to predict future volume. You can also look at the rate at which your insurance companies reimburse your claims. When doing so you would look at the severity of the issues that brought the patient to the office and disseminate which ones were for flu. What do you do for the outlier data year-over-year? Meaning what if you had a severe flu season last year but in previous years, flu season wasn't so severe. How will your account for a that volume?
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