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Dataspace and Central Michigan University Introduce Patient Volume Forecaster
Date:9/17/2009

Analytic Model Helps Health Care Organizations Predict Demand for Services

ANN ARBOR, Mich. and MOUNT PLEASANT, Mich., Sept. 17 /PRNewswire-USNewswire/ -- Dataspace, an Ann Arbor-based business intelligence software and consulting firm and Business Insight, a part of the Central Michigan University Research Corporation, announce the introduction of Patient Volume Forecaster (www.thepvforecaster.com), a service that helps health care leaders predict and respond to expected demand for services.

PVForecaster team, a collaboration between a university-based advanced analytics team and a premier business intelligence consulting firm, obtains data from operational systems, integrates data available from external sources, includes a planning tool to evaluate opportunities to influence patient volume, and utilizes a proprietary algorithm to translate the data into actionable information for practical use.

Dr. Joe Czyzyk, Analytics Director for the PVForecaster team, speaking Monday at the National Predictive Modeling Summit in Washington, D.C., said, "For years, industry research has shown that when hospitals have a clear idea of their expected patient volume, they can align resources accordingly, resulting in reduced stress, increased patient safety, and shortened the length of stay." Patient Volume Forecaster delivers specific and timely information about expected patient volume to improve operational scheduling and match capacity to demand. Reports on expected patient volume are provided weekly (or daily, if appropriate) to key decision makers who control the allocation of critical resources. Expected volume can be reported by physician specialty code, nursing station or clini
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SOURCE Central Michigan University Research Corporation
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