Effective forecasting of demand for healthcare services requires nine steps: 1. Assemble historical data. 2. Analyze historical trends. 3. Identify key demand drivers. 4. Identify relevant benchmarks. 5. Model existing conditions. 6. Develop core assumptions for population-based demand. 7. Develop core assumptions for provider-level demand. 8. Create a baseline forecast of future demand. 9. Test sensitivity of projections to changes in core assumptions.
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