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Related Concept Videos

Hazard Rate01:11

Hazard Rate

The hazard rate, also known as the hazard function or failure rate, is a statistical measure used to describe the instantaneous rate at which an event occurs, given that the event has not yet happened. From a probabilistic perspective, it represents the likelihood that a subject will experience the event in a very small time interval, conditional on surviving up to the beginning of that interval. In terms of frequency, the hazard rate can be viewed as the ratio of the number of events to the...
Relative Risk01:12

Relative Risk

Relative risk (RR) is a statistical measure commonly used in epidemiology to compare the likelihood of a particular event occurring between two groups. This metric is important for evaluating the relationship between exposure to a specific risk factor and the probability of a particular outcome. It plays a crucial role in medical research, public health studies, and risk assessment. Relative risk quantifies how much more (or less) likely an event is to occur in an exposed group compared to an...
Design Example: Analyzing Capacity Contours for Flood Risk Assessment01:17

Design Example: Analyzing Capacity Contours for Flood Risk Assessment

Flood risk assessment involves careful planning and analysis to ensure the safety of communities near water retention structures. Capacity contours are a vital tool in this process, as they illustrate the potential spread of water at specific levels in a given area. In the context of building a bund across a small valley, these contours play a critical role in evaluating the safety of nearby residential areas.In this example, the bund is intended to store stormwater in the valley. The engineers...
Tidal Forces01:06

Tidal Forces

The origin of Earth's ocean tides has been a subject of continuous investigation for over 2000 years. However, the work of Newton is considered to be the beginning of the proper understanding of the phenomenon. Ocean tides are the result of gravitational tidal forces. These same tidal forces are present in any astronomical body; they are responsible for the internal heat that creates the volcanic activity on Io, one of Jupiter's moons, and the breakup of stars that get too close to black holes.
Increasing Function01:18

Increasing Function

An increasing function exhibits a rise in output values as input values increase. This behavior is depicted graphically as a curve or line that slopes upward from left to right. Such a function satisfies the condition that if x1 < x2, then f(x1) < f(x2), indicating that the function values grow with increasing inputs. This concept is fundamental in understanding growth trends across various domains, such as population dynamics, financial investments, or resource consumption.The average...
Hazard Ratio01:12

Hazard Ratio

The hazard ratio (HR) is a widely used measure in clinical trials to compare the risk of events, such as death or disease recurrence, between two groups over time. It reflects the ratio of hazard rates—the instantaneous risk of the event occurring—between a treatment group and a control group. This measure provides valuable insights into the relative effectiveness of a treatment by assessing how the risk of an event differs between the two groups.
For example, in a clinical trial evaluating a...

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Related Experiment Video

Updated: May 29, 2026

Developing a Virtual Reality Video Game to Simulate Rip Currents
08:37

Developing a Virtual Reality Video Game to Simulate Rip Currents

Published on: July 16, 2020

The rising risk tide.

Howard Larkin

    Hospitals & Health Networks
    |September 21, 2011
    PubMed
    Summary
    This summary is machine-generated.

    Hospitals face challenges transitioning from volume-based to value-based healthcare reimbursement. Strategic planning is crucial to balance current revenue with future accountable care models to avoid financial and market risks.

    Related Experiment Videos

    Last Updated: May 29, 2026

    Developing a Virtual Reality Video Game to Simulate Rip Currents
    08:37

    Developing a Virtual Reality Video Game to Simulate Rip Currents

    Published on: July 16, 2020

    Area of Science:

    • Healthcare Management
    • Health Economics

    Background:

    • Healthcare reimbursement is shifting from fee-for-service (volume-based) to value-based care models.
    • Hospitals must adapt to new payment structures that reward quality and outcomes over quantity of services.

    Purpose of the Study:

    • To explore the strategic challenges hospitals face during the transition to value-based care.
    • To identify the risks associated with premature or delayed adoption of accountable care models.

    Main Methods:

    • Qualitative analysis of hospital executive concerns.
    • Review of healthcare reimbursement trends and accountable care organization (ACO) models.

    Main Results:

    • Hospitals experience a "two-boat" dilemma, balancing existing volume-based revenue with the pull of future value-based payments.
    • Premature shifts risk losing current revenue; delayed shifts risk market share erosion.

    Conclusions:

    • Navigating the transition requires careful strategic planning and risk assessment.
    • Hospitals need agile strategies to manage the dual demands of current and future reimbursement systems.