Now more than ever, growing patient volume is critical to the health of your business. But what happens when your patient volume increases and nothing else changes? Chances are you’ll experience more variability, and your operation may suffer from increased wait times and potential safety concerns.
Actively managing both supply (i.e., capacity) and demand (e.g., patients) has been a consistent challenge for healthcare systems. Recently, this challenge has evolved throughout the industry with the introduction of new government policies (e.g., Affordable Care Act), new market entrants (e.g., CVS retail clinics), and a shift toward consumer-driven patient dynamics. In this white paper, Nordic Director of Optimization Solutions Rick Shepardson reviews how supply and demand economics can play out at a more micro level for a given population and how healthcare systems can keep these forces in balance by offering