Question

10. Statistics budget: forecasting encounters. Instead of its current forecast, ZMG Hospi- talist Practice now estimates that its Medicare encounters will increase by 4% a month from January through June. In July it will obtain a major contract, and its encounters from July through December will go up by 9% a month. Assuming these are the only changes to Exhibit l.1a, prepare a new forecast of the number of encounters that will be made by Medicare patients during the whole year. (Hint: see Appendix I, at the end of this chapter.)

Answer 1

Answer:

New Forecast of number of encounters for the year 2002 Jan Month Total encounters for 20x1 Projected Growth Projected encounters for 20X2 5,007 4% 5,207 Feb Mar 4,676 5,044 4% 4% 4,863 5,246 Apr May 4,686 4,480 4% 4% 4,873 4,659 Jun 4,596 4% 4,780 Jul 4,697 9% 5,120 Aug 4,833 9% 5,268 Sep 4,653 9% 5,072 Oct Nov Dec 4,923 4,7345,202 9% 9% 9% 5,366 5,160 5,670 Total 57,531 6.5% 61,284 L