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Essay

Optimization

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Jenny M

 

Date added:

March 9, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1456

 

Was viewed:

8887 times

 

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Essay content:

A large proportion of the hospital's revenue is base on contracts not individual payments, the cost and revenue implications of complex contracts intimate knowledge is required prior to acceptance. Organizational research based optimization models can identify globally optimal solutions that satisfy pre-set goals over multiple forms of contracts, they can provide an advantage to the user of the optimization models that may not be clearly visible to the party on the other side of the negotiation...
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HOS, relying on Bayesian forecasting and nonlinear optimization models, uses data from prior patient encounters, including charges and resource usage, and hospital capacity information, to propose optimized contract terms for use in negotiations. The system also forecasts demand for hospital services and provides decision-support capabilities including “what-if” functionality...
displayed 300 characters

General issues of this essay:
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