Forecasting Ontario Oncology Drug Expenditures: A Hybrid Approach to Improving Accuracy

ConclusionWe introduced a pragmatic approach for regular forecasting by budget holders in Ontario. Our approach to isolating ‘big budget’ from ‘small budget’ drugs using an 80-20 rule and providing multiple forecasts depending on the length of the drug expenditure histories is transferable to other jurisdictions.
Source: Applied Health Economics and Health Policy - Category: Health Management Source Type: research