In healthcare delivery, there is a huge risk in making capital decisions to expand or build facilities. Mistakes are obviously costly. And the inability to meet patient care needs means a competitor can come in and take market share or the organization forgoes a robust revenue stream.
MIA analyzed data looking at the utilization of an entire market and compared it to other cities in Texas and as well as nationally. We projected our base numbers (2002-2004) out to 2020 so the facility would know what utilization would be. And then . . . we really went to work. We:
- Estimated what the market share would be as well as dollar growth
- Analyzed peak utilization to assure bed need would be met – we provided data that showed what expansion was needed, taking into account suppressed demand (when there is no facility, it is not used)
- Provided information that allowed for new sub-specialists to be added because the capacity was available – (all using Planning Analytics)
MIA was able to fight for and justify the number of required beds to an independent auditing firm. We were able to back up the data and justify expansion of the facility.
We made sure that the customizations to the projections were appropriate to the facility and developed a way to calculate “turn time” (cleaning and setup for next procedure), helping resolve capacity issues for hospital.