Keywords
Hospitals -- Administration -- Simulation methods, Management science -- Mathematical models, Simulation methods
Abstract
Recent legislation by Medicare restricts its reimbursement per patient according to the patient's particular type of disease. The reimbursement is based on a set of Diagnosis Related Groups (DRG's), which categorizes patients into disease classifications. As a result, hospitals must make efficiency gains and managers must look for new ways to provide quality care while containing costs. A simulation technique was developed by which the financial results of particular administrative policies can be predicted. Patient billing data were collected over a three-month period and analyzed for the purpose of simulating length of stay and resource consumption per cost center. Regression analysis were used to approximate departmental costs as a function of length of stay and to estimate total cost as a function of certain departmental costs. Distribution-fitting techniques were used to determine the method of random generation for independent variables. The simulation model was run with two embellishments to illustrate how policies are interjected and results are interpreted.
Notes
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Graduation Date
1984
Semester
Fall
Advisor
Sepulveda, Jose A.
Degree
Master of Science (M.S.)
College
College of Engineering
Degree Program
Engineering
Format
Pages
124 p.
Language
English
Rights
Public Domain
Length of Campus-only Access
None
Access Status
Masters Thesis (Open Access)
Identifier
DP0015868
STARS Citation
Atkins, Timothy G., "Using Simulation to Predict the Financial Effect of Hospital Management Policies Under a Prospective Reimbursement" (1984). Retrospective Theses and Dissertations. 4688.
https://stars.library.ucf.edu/rtd/4688
Contributor (Linked data)
Sepulveda, Jose A. [VIAF]
Sepulveda, Jose A. [LC]
University of Central Florida. College of Engineering [VIAF]
Accessibility Status
Searchable text