Frequently Asked Questions
Find answers to general questions about our products and their functionality.
How accurate is Formulate?
It’s very accurate. The average correlation between assessed needs and the cost of care in our algorithms is over 0.9. Comparably, other resource allocation systems tend to result in a correlation of 0.7 or lower. The higher the correlation, the greater the accuracy.
An accurate algorithm can produce substantial financial savings compared to a less accurate one. This is because in practice, ‘over-allocation’ tends to be difficult to notice and control, whereas ‘under-allocation’ tends to be simply topped-up to the ‘correct budget’ and no higher.
Formulate allows you to focus on the thing that matters: helping people to put support into place that works for them, whilst keeping your organisation ‘within budget’.