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 KoylePublished 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.