The purpose of the Facility Forecast analysis is to leverage your historical facility data in AMSHub to project future metrics giving you a look into potential levels 3 years, 5 years or 10 years down the road.
By default, AMSHub will show you the last 12 months (or as much as available depending on how long your facility has been online with us) of your facility data for procedures and income. This is plotted on an adjustable timeline where you can slide the start and end points in order to choose the range that you want to use to plot your future metrics. In the widget to the right of the timeline you’ll see the calculated growth rates based on the range you select. These rates can be adjusted in the next step, but we recommend trying to find the most accurate growth rate possible here in Step 1.
When you have the range you think most accurately reflects the growth of your business, select Next to choose the future forecast period. This will determine how far out the system will generate data for.
When you select the forecast period AMSHub will automatically generate your future forecast using the growth rates from Step 1 and the forecast period from Step 2. At this point the future results will be looking at your procedure volume growth, your income growth and your expense inflation, and generating out into the future. For each of these three metrics you can again make some adjustments as needed to get the most accurate forward projections possible. Increase or decrease each metric as needed and review your Forecast at the bottom.