One of the biggest challenges facing healthcare leaders is the ability to make sound predictions. Health system leaders want to know: What will our revenue be this quarter? How many nurses should we schedule in the ED next month? How much vaccine should we stock this year? What will our bed occupancy be next week? To answer these questions with any degree of accuracy, leaders look to data for help. However, in many circumstances, the data they rely upon are inadequate, leading to poor predictions that negatively affect organisational performance.
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