Financial Forecasting In Health Care

The purpose of the financial forecast is to present, future outcome for healthcare needs and services. Health forecasting is a useful tool organizational predict the needs for demographic shift in today society. The demand forecasting resources perform and promote the organizational sustainability, and improve capacity needs. "This require Health service providers to take appropriate mitigating actions to minimize risks and manage demand"(Soyiri, 2013). Health forecasting requires reliable data, information and appropriate analytical tools for the prediction of specific health conditions or situations.
According to the article, "Making the Case for Public Health Finance Policy", the government and health care leaders struggles with revenue