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Using Return on Investment Operational and Monte Carlo Modeling Techniques to Predict Financial Performance in a Tertiary Care Outpatient Clinic.

Robert DiCesareJay ToorJesse Isaac WolfstadtLucshman RaveendranStanley ChungY Raja RampersaudJoseph MilnerMartin Koyle
Published in: Urology practice (2021)
As a proof of concept, this study demonstrated that a combined return on invested capital-operational mapping and Monte Carlo simulation modeling can predict key financial metrics in a tertiary care clinic. As such, common business tools can be useful in a health care setting when clinicians are evaluating how investments in quality improvement will influence their financial and operational performance.
Keyphrases
  • monte carlo
  • tertiary care
  • quality improvement
  • healthcare
  • affordable care act
  • primary care
  • childhood cancer
  • high resolution
  • palliative care
  • high density
  • social media