Clarify Health, an award-winning healthcare data and analytics company, is excited to announce it has seamlessly integrated demand forecasting analytics into its comprehensive growth intelligence solution. Demand forecasting is essential for health systems aiming to mitigate risk and drive growth. With these capabilities, health systems can secure their competitive edge by pinpointing the geographies or service areas with the highest potential – leading market shifts instead of reacting to them.
With forward-looking and granular insights down to the service code level, organizations can identify high-potential opportunities and make informed, data-driven decisions. By integrating patient demand for services with other key data such as market share and referral patterns – Clarify’s comprehensive solution provides a full picture of growth insights in order to maximize financial return and resource allocation. This manner of predictive analytics empowers health systems to navigate complexities with greater confidence and resilience.
Clarify leverages a combination of population census, all-payer claims, and projected population data to easily explore expected year-over-year volume changes in consumer demand. With this critical information, health systems can prioritize investments in specific service lines, sites of care, and geographic markets that have the highest opportunity for growth. After using Clarify’s demand forecasting capabilities, a leader at one southern hospital system said, “Clarify’s demand forecasting is exactly what we have been looking for, and the visuals are even nicer than we imagined.”
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“With demand forecasting, health system strategy executives can accurately forecast where, when, and how consumers will seek healthcare services. This new capability enables strategists to rapidly and efficiently create high-confidence plans, saving hundreds of analyst hours,” commented Todd Gottula, Clarify president and co-founder. “This innovation allows customers to act with confidence and transparency on their projections and provides easy access both online and via extract to the underlying forecast data for seamless integration into their workflows.”
Some of the questions that can be answered with Clarify’s demand forecasting analytics:
- What services are expected to show the greatest growth opportunity in our region?
- How does projected growth for each service line change by sub-service line, place of service, payer, and zip code?
- Which services should we invest in based on future demand? Which services should we eliminate?
Source: Businesswire
