Resource allocation for healthcare organizations

Viswanadham, N and Balaji, K (2011) Resource allocation for healthcare organizations. In: 2011 7th IEEE International Conference on Automation Science and Engineering, CASE 2011, 24 - 27 August 2011, Trieste; Italy.

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Abstract

Executives of hospitals, specifically, privately managed hospitals in developing countries are facing tremendous pressure from the stake-holders to adopt state-of-the art revenue management strategies, in order to justify return on their investments (RoI). On the other hand, the hospital management face the challenge of providing quality and safe health-care services to all of their patients from both within and outside the country (demand) with limited resource capacity (supply). Revenue from surgeries account for about 40% of the total revenue in most of the hospitals. In this research, we consider surgical demand from elective surgeries and propose a two-phase method for the allocation of resources (supply) to surgeries (demand). The first phase, allocates resources to all the surgical requests. Second phase re-allocates surgeries based on competitive bidding of the surgical requests. Resource allocation is the distribution of limited resources (capacity) among competing consumers (or a firm0s customers). One way of fair allocation of resources to the consumers is through auctions. For the second phase, we develop a model for optimal allocation of multiple resources like operating rooms (ORs), nurses, equipments, and so on; to the surgical demand of hospitals through auctions. The various resources of hospitals like ORs and nurses, are represented as factors or characteristics of a generalized resource. A resource (generalized) is a realization of factors like ORs, nurses, and equipments. That is a resource (generalized) is a specific set of nursing staff and equipments being assigned to a specific OR in a specific time-slot. Optimally allocating resources to various bids (surgical requests) and scheduling the surgical requests to various ORs without any conflict on any given time-slot of a day is an NP-hard problem. The proposed model optimally allocates client (practitioners or agents) bids to the available capacity of resources (generalized). We analyse the application of the model for a business scenario. © 2011 IEEE.

ISB Creators:
ISB CreatorsORCiD
Viswanadham, NUNSPECIFIED
Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: auctions; elective surgeries; Healthcare management; hospital management; optimal allocation; resource allocation; surgical suite
Subjects: Health care and delivery
Depositing User: Ilammaran A
Date Deposited: 14 Nov 2014 09:01
Last Modified: 14 Nov 2014 09:01
URI: http://eprints.exchange.isb.edu/id/eprint/256
Publisher URL: http://dx.doi.org/10.1109/CASE.2011.6042473
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