Question: Using materials available on this course's textbook's website, research and summarize commercially available software solutions for healthcare organizations; then, using the forecasting template, which is
Using materials available on this course's textbook's website, research and summarize commercially available software solutions for healthcare organizations; then, using the forecasting template, which is also found on this textbook's website, forecast total US healthcare expenditures for 2017 with SMA, WMA, SES, trend-adjusted exponential smoothing and linear trend models. Next, answer the following questions:
- Which model do you believe offers the best forecast? Explain.
- Do you see any problems with your model? Explain.
- Repeat this exercise for hospital care, physician services, other professional services, dental services, home health care and prescription drugs. According to your findings, do any one of these areas drive the increase in healthcare expenditures? Support your position.
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