A feasibility study is essential when an investor is interested in setting up a healthcare facility, extending its scope of services, or reengineering it. This helps determine the first steps required for completing the project, including needs assessment, service demand, and market requirements.
When an investor has an innovative idea or concept that could expand the facility or introduce new services, it’s crucial to assess the profitability, confidence in the investment, and financial security of the project. Feasibility studies are needed for reasons such as:
- Establishing a new healthcare facility.
- Acquiring the existing facility.
- Adding new scope of services and speciality.
- Assess the potential for success of the current healthcare facility for reengineering.
- Understand and identify the new scope of services and market needs and patients’ wants.
- Understand and identify and SWOT the risk in the facility
- Other reasons which you have as unique and unified requirements.
- Daman insurance empanelment
- DOH require subject to your project viability and feasibility
- New business partnership agreement
CBA’s team of industry experts is well-qualified to support your feasibility study needs. By surveying existing investors, facility managers, administrative staff, and patients, we provide clarity on the benefits of your investment and resource utilisation for setting up or restructuring a facility. The benefits of a feasibility study include:
- Realistic justification and data collection on the feasibility study will give an impression of either continuing the project or temporary hold or permanently closing.
- Implementation process in place can save time, money and utilise resources.
- Conclusion and recommendation will give the solution to the project, you may increase or narrow down the business and or find alternatives.
- Increase the probability of success on your project in a short period.
- Building a good team and enhancing the focus on task assigned work.
- Create a visible feature plan for expansion and business growth.
- Identifying new wings, speciality, scopes, and department opportunities and implementation.
- Investor attraction and funding of the project for expansion.
The healthcare sector offers substantial growth opportunities. Our feasibility studies cover various facility types, including homecare services, medical centres, aesthetic centres, research centres, drug stores, day care surgery centres, and hospitals. From an investment perspective, feasibility studies typically include:
This section covers demand, supply, competitor analysis, and facility viability.
Key assumptions, required investment, and financial performance projections.
Compliance with regulatory requirements for functionality, workflow efficiency, and patient appeal.
Marketing planning and costing, staffing requirements, and salary planning.
Policies, procedures, guidelines, regulatory approvals, licensing, inspections, scope of services refinement, EMR, and IT security.
Business stabilisation, financial viability, cash flow management, budgeting, and forecasting.
For inquiries regarding your feasibility study, please send your request, and our consultants will contact you promptly.