Are you thinking about a healthcare feasibility study? You have an idea for a new line of service that will expand your healthcare business or you have a concept for a new ground-up project or perhaps, you are considering acquiring an existing healthcare operation.
There’s a lot of money at stake but yet, you feel that this could be a worthwhile and profitable venture. The problem is … how do you vet such an idea? How do you develop confidence that this venture will succeed? How can you secure financing or attract investment money?
Does this sound like you?
The Fox Group has real world, operational experience that can provide answers to your questions. Our healthcare feasibility studies can be the first step in taking your project from a concept to a successful reality.
Our Feasibility Study Pathway for Healthcare Projects
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. It has a projected growth rate of 22 percent through 2018. This 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 many health services feasibility studies for the medical community in our 30+ years as a healthcare consulting firm. What’s more, we are uniquely qualified in healthcare operations. Our staff of experts includes 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, 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 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, a 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.
We work throughout the U.S. and abroad, so Contact Us and let us help you explore the potential of your next project. You’ll be glad you did.
Learn more about your opportunities uncovered in the healthcare market study and demand analysis.