A detailed feasibility study, including a thorough market analysis and financial proforma, is an essential element in the due diligence process when assessing any new health services business venture.
According to data released by the Bureau of Labor Statistics, the healthcare industry is currently one of the fastest growing fields in the United States and is projected to grow by 22 percent through 2018. This is compared to an 11 percent average growth rate for all other industries. Whether considering new medical service lines, an expansion of your current operation or any other type of healthcare business venture, a feasibility study is an essential planning tool.
Experienced in Healthcare Consulting and Operations
The Fox Group has completed numerous health services feasibility studies for the medical community in our 20+ years as a healthcare consulting firm, and we are uniquely qualified in healthcare operations. Our staff of experts include individuals who have spent decades as operations executives in the healthcare industry, overseeing multiple acquisitions, facility building projects, and new program developments in acute care, long-term care, and outpatient physician practice settings, just to name a few. They’ve also been responsible for the ongoing operations of these developments. So rest assured, we understand that a quality feasibility study isn’t just an academic exercise. Rather, it’s the foundation upon which organizations develop successful programs and expansion.
Profitable Outcomes Based on a Quality Healthcare Feasibility Analysis
Your organization may be considering the addition of a new service line, new piece of medical equipment, or an entirely new medical facility. Whatever it is, your success will be based on many things, and proper, thorough planning for the establishment of a new healthcare business venture, or the expansion and diversification of an existing one, provides a solid foundation upon which core objectives can be met. The Fox Group understands that principle, and how to assess the factors to be identified and analyzed so that the questions a feasibility analysis should answer will enable well vetted decisions to be made.
We work throughout the U.S. and abroad, so Contact Us and let us help you explore the potential of your next project. We think you’ll be glad you did.
Learn more about your opportunities uncovered in the healthcare market study and demand analysis.