Predictive statistical modeling

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The CIO and VP identified financial data, including cost analysis of each procedure, how reimbursement of procedure varied by type of insurance, average length of stay (if inpatient), profit margins of each procedure, and MS-DRG analysis performed on inpatient cases. They performed physician profiles to identify which and how many procedures were performed by each cardiologist. Using external data provided by the city government and local economic development council, the CIO and VP made population projections for the next 20 years and found an increase in the local population of the over-50 age group. They generated anticipated cardiac services and procedures using predictive statistical modeling.

Reference no: EM133138055

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