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Hospital Feasibility Study

ACME Hospital Projects

Market Survey and Feasibility Study for setting up a Healthcare Facility

Introduction
A Hospital Feasibility Study is the best way to find out the sources of patient flow to the Hospital. The Feasibility Study comprises both a Market and Financial Analysis of the Project and is an essential aspect to be considered either while establishing a new hospital or a new facility in an existing hospital or expanding the existing hospital.

Objective of carrying out a Market Feasibility Study for a Healthcare Facility

  • Format suitability, whether if Tertiary - Single, Multispecialty or Multi-super Speciality
  • Evaluating the suitability of the proposed facility location
  • Identifying the right Specialities to be provided by the Healthcare Facility for the location
  • Understanding the Critical Gaps in the Private Healthcare provided in the planned catchment by the key factors that Doctors in the area look for from such Facility
 
Hospital Feasibility and Business Plan Study
 
Why and How Hospital Feasibility Study Done?

 

Carrying out a Market Feasibility Study helps

  • New investors looking at opportunities in Healthcare delivery space
  • Completing a thorough competitive analysis given the healthcare service lines being explored.
  • Carrying out a demand analysis for the space or medical services provided by the proposed facility
  • Projecting the trends that are shaping what these markets will look like in the future
  • Funding agencies in examining infrastructure investment in regions with less healthcare facilities
  • Overseas players wanting to replicate a successful chain model in India
  • Medical Suppliers looking to penetrate the Corporate Hospital market
  • Preparing Detailed Project Report (DPR) based on Market Analysis
 

Methodology & Approach to a typical Hospital Feasibility Study

  • Establish the Doctor Group to be surveyed depending on the preferred specialities. To include:
    • General Practioners
    • Consultant Physicians
    • General Surgeons
    • Specialist Doctors
  • Use a combination of Qualitative Surveys & Quantitative Surveys. The Qualitative Surveys being free flowing interview taking about 45 minutes for each Doctor and Quantitative Surveys, based on a more structured approach taking about 30 minutes for each.
  • Survey will be structured to evaluate the prospects for the new Hospital based on the following factors.
    • Adequacy of Hospitals with these specialities in the Core Area
    • Quality of these Hospitals based on
      • Facilities & Infrastructure for handling advanced treatments
      • Patient Satisfaction
      • Treatment quality
    • Doctor Recommendations on specialities and others.
    • Location suitability
    • Competition evaluation
    • Format suitability – Primary, Secondary and Tertiary and if Tertiary
      • Single Speciality
      • Multispecialty
      • Multi-super Speciality

      Hospital Feasibility Study


  • Results that can be expected from our Hospital Feasibility Report
    • Format recommendation: To begin as a Multi Specialty Hospital and then transform into a Multiple Super Speciality.
    • Super Speciality recommendations like
    • Secondary care speciality recommendations
    • Supporting specialities to complement the specialities offered and cater to the general needs of the area.
    • Business model recommendations : Corporate Image model, Speciality driven

    Health Care Feasibility Study

 
Healthcare Projects

Building Healthcare Facilities for the Future, that are Patient Friendly, Safe for the Patients, Visitors and Hospital Staff, Energy Efficient and Environment Friendly.

  • Health Care Feasibility study
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  • 186, Poonamallee High Road, Kilpauk,
  • Chennai - 600010, Tamil Nadu, India.
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