Business Forecasting in a Hospital
Required Text: Nowicki, M. (2018). Introduction to the financial management of healthcare organizations. HAP/AUPHA, Health Administration Press.
Suppose you are the new chief executive officer (CEO) at Memorial Hospital. Memorial is a nonprofit hospital with 300 beds and is located in a busy metropolitan area directly adjacent to a large university. Memorial is the only Hospital within a 20-mile radius of campus, but construction on new competing hospital has just started within 5 miles.
Identify three forecast content items. How will they be measured?
What is the expected status of the content items in the future?
Which forecasting techniques should you use?
Write a 2-3-page paper in APA (2020) format, create a thesis statement relative to health financial management, and answer the research questions listed above in the Mini-Case Study. Include a cover page, a reference page, three peer-reviewed references, and use the textbook.
