Your hospital is considering adding one or even several new business lines. You have been assigned the responsibility to analyze the market for these new business lines. You realize you…
Category: Healthcare Feasibility Studies
Contents of an Assisted Living Market Analysis
Assisted living facilities are one of the fastest-growing segments of the long-term care market in the U.S. An assisted living market analysis is just what you need to get into…
Private Hospital Feasibility Study – 5 Observations in 5 Minutes
Undertaking a private hospital feasibility study can be a daunting task. Even a high-level checklist of issues to address can be several pages long. And the scope of a full…
Elements of a Financial Feasibility Analysis for Healthcare
In healthcare, a financial feasibility analysis, also known as a financial feasibility study, helps determine if a business idea is sustainable or even attainable and if you should choose one…
Strategic Planning for Healthcare Facilities – 3 Minute Overview
Strategic planning for healthcare facilities is necessary for the overall well-being of the organization. (3 Minute Overview). The American College of Health Executives (ACHE) says two main types of strategic…
How to Conduct a Healthcare Market Study – 5 Key Observations
If you’re wondering how to conduct a healthcare market study, read on to get some expert advice about the five key things you need to know. The healthcare industry is…
A Feasibility Study Checklist for Your Hospital – what you need to know
A feasibility study checklist for your hospital, how do you create one? A feasibility study, or feasibility analysis, is a way to determine if a project plan could work for…
Healthcare Feasibility Study – 8 Areas of Focus (2 minutes)
A healthcare feasibility study is an important part of planning a successful new or expanding health service organization. However, in the wake of the pandemic, the healthcare arena has changed…
Feasibility Study of a Hospital Project – 5 Phases
Preparing a feasibility study for a hospital project can be a significant undertaking. What follows are the key steps and phases to focus on. Such a study is essential when…
Healthcare Market Analysis – Does This Project Make Sense?
A healthcare market analysis will answer this question! Many people believe that the first step in beginning a new business venture is to formulate their business plan. However, they are…
Market Assessment and Forecasting – what does this tell me?
Market assessment and forecasting, what does this tell me, and how do I use the data? The healthcare industry is filled with uncertainty and opportunity, and strategic trends are to…
Health Care Feasibility Study – 3 Post Acute Case Studies
Think of a health care feasibility study as the foundation for your new post-acute care/long-term care (LTC) venture. Perhaps it’s a different line of service or an entirely new idea….
Nursing Home Business Plan – 7 Key Points
A nursing home business plan should contain seven key elements. Incorporating them into your document will help to ensure your success. The U.S. is currently experiencing a shift in demographics….
Strategic Trends in Healthcare 2020
What are the important strategic trends in healthcare in 2020? The healthcare industry is constantly changing and 2020 will be no exception. New technologies are creating change from artificial intelligence…
Medical Tourism Industry – A Focused Overview
The medical tourism industry continues to grow and, as a result of the rising costs of medical procedures in the United States, Central Europe, and other developed nations, patients and…
Starting a Medical Tourism Business
Starting a medical tourism business is not easy, but mounting changes and regulations in western healthcare systems have prompted a boom in medical tourism. In fact, according to a recent…
Strategic Planning in Healthcare – 12 Crucial Questions
Strategic planning in healthcare starts by measuring end goals against your current standing. It examines obstacles that sit between where your healthcare organization is and where it should be. When…
Assisted Living Feasibility Study – Part Three
You’re thinking of doing an assisted living feasibility study – it means that you’re preparing to undertake a major project with significant consequences. On the one hand, congratulations and on…
Assisted Living Market Study – Part Two
Assisted Living Market Study questions often asked . . . for today’s post, I’d like to cover a couple of questions which were not addressed in my prior blog: What…
Healthcare False Claims Act Penalties May Double
The Department of Justice has just released a proposed rule that would include a doubling of the Healthcare False Claims Act penalties. How worried should healthcare providers be? The Healthcare…