Problem:
Summarize the following: To project patient demand, disease trends, costs and other variables, Healthcare financial professionals make forecasts by modeling potential outlooks and scenarios using multiple data sources. Healthcare forecasting can improve a provider's planning and budgeting for patient volume, care-delivery expenditures, staffing and the other fundamentals of running a Healthcare organization. No CFO can predict the future, but forecasting can help to anticipate the possibilities and plan for different scenarios. Ideally, this means that, "regardless of what the future looks like, you're on it," said Financial Modeling Institute Executive Director Ian Schnoor in a recent podcast. "You can manage it, you can help control it and you can bring it to the rest of the team's attention."