Prediction and Analysis of Medical expenses in General Hospitals in China based on GM (1, 1) Model

Abstract

GM (1, 1) is a long-term forecasting model, which should be credible without large market volatility and policy changes. The purpose of carrying out cost accounting in hospital is to renew the concept of economic management of hospital and raise the cost consciousness of all staff through the accounting and management of hospital and medical service cost, so as to improve the economic benefit of hospital. The grey model has strict theoretical basis, its biggest advantage is practical, and the prediction result is relatively stable, which is suitable for forecasting a large number of data, and the prediction results are very accurate when the amount of data is small. The paper presents Prediction and Analysis of Medical expenses in General Hospitals in China based on GM (1, 1) Model.