Health Forecasts to Debut New Product Suite at HIMSS 2006 Localized models and new data visualization technology make health care utilization forecasts more accurate, less expensive and easier to use.
Contact: Tim Garton, 615.321.3100 firstname.lastname@example.org
NASHVILLE, Tenn., Jan. 19, 2006 — Health Forecasts Inc., industry providers of licensed-based health care forecasts, announced today that it will introduce the companys innovative online health care market research and analysis product suite DemandScope™, StateScope™ and DemoScope™ at the HIMSS 2006 Conference and Exhibition next month in San Diego.
Using Health Forecasts exclusive Fourth Generation™ models, the companys flagship product DemandScope provides the industrys most accurate one-, three- and five-year utilization forecasts, and the industrys only local market forecasts, for over 10,000 medical services in 508 distinct U.S. markets.
Unlike national and multi-state models used in traditional health care forecasting, the Fourth Generation models factor in proprietary local market adjustments for physician supply and access, enduring market variations and medical technology adoption rates.
The rate of technology adoption in each market is especially important, said Peter Goldschmidt, M.D., Ph.D, Vice President and chief medical director of Health Forecasts.
"As weve become more aggressive in the treatment of disease, the entire industry has responded with new therapies, medications and devices entering the marketplace constantly. By factoring in technology adoption rates and unique persistent market variations, DemandScope provides estimates of medical services utilization that are highly useful for understanding and responding to marketplace and service opportunities.
The other two products, StateScope and DemoScope, provide online access and analysis of nationwide state hospital data and demographic data, respectively.
Quickly and affordably accessed from any web-enabled PC, the entire suite of products from Health Forecasts features a customized data visualization platform that is unmatched for flexibility, ease of use and value.
Created by Health Forecasts using an industry leading Business Intelligence (BI) development tool, the Health Forecasts platform gives users instant access to dynamic management and information dashboards, reports, maps and graphs.
The interactive data presentation enables easy exploration of market information by DRG, ICD and major CPT codes, resulting in custom, in-depth market intelligence thats easily shared via PowerPoint, PDF and Outlook documents.
Because the data is presented in an interactive format, decision makers can drill down, test out different scenarios and see potential outcomes all within the initial presentation, said Timothy Garton, president and founder of Health Forecasts.
According to Garton, its this interactive functionality that makes the entire suite of Health Forecasts products much easier to use and far more valuable than traditional static spreadsheet-based forecasts, which are already outdated by the time theyre presented.
With our forecasts, providers and organizations can more effectively build their markets through accurate understanding of the demand for services and revenue opportunities in these markets, said Garton.
Truly localized data, superior analysis capability, and the efficiencies of web delivery make Health Forecasts the greatest value in health care utilization forecasting today. Add the fact that DemandScope provides the industrys only three-year forecast, and no traditional forecasting product even comes close.
For a free online demonstration of any Health Forecasts product, call (615) 321-3100 or visit www.healthforecasts.com.
About Health Forecasts Inc.
Based in Nashville, Tenn., Health Forecasts provides the industrys only local market utilization forecasts built using exclusive Fourth Generation™ models. Committed to building provider and health care organization markets, Health Forecasts entire suite of innovative online health care market research and analysis products are designed to help hospitals, managed care organizations and medical device companies better understand the services and revenue opportunities in their respective markets. For more information, visit www.healthforecasts.com.