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PubMed · 10280575

Financial modeling on a microcomputer.

N Stein
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Abstract

Used to assist hospital financial managers in making business decisions, the cost-effective system described herein was developed because of competition in the marketplace and frequent changes in patient service demand.

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Decision Support Systems, ManagementEfficiencyFinancial ManagementFinancial Management, HospitalFloridaHospital Bed Capacity, 300 to 499Hospital DepartmentsManagement Information SystemsModels, TheoreticalJournal Article

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N Stein. Financial modeling on a microcomputer.. https://pubmed.ncbi.nlm.nih.gov/10280575/

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The increasing pressure to reduce costs and improve outcomes is driving the health care industry to view information as a competitive advantage. Timely information is required to help reduce inefficiencies and improve patient care. Numerous disparate operational or transactional information systems with inconsistent and often conflicting data are no longer adequate to meet the information needs of integrated care delivery systems and networks in competitive managed care environments. This article reviews decision support system characteristics and describes a process to assess the preparedness of an organization to implement and use decision support systems to achieve a more effective, information-based decision process. Decision support tools included in this article range from reports to data mining.

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