Hospital Feasibility Study, Feasibility Study for Setting Up a Hospital, Hospital Project Report

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Hospital Feasibility Study

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

Hospital Project Report and Business Plan

Hospital Project Report Preparation

Based on the Market Information gathered through the Study and decision taken on the Services / Procedures to be offered, both clinical and diagnostic, we prepare the Project Report cum Business Plan for the proposed Hospital, covering the Phases of growth, over a 10-year period.

Based on the study and if needed, we work out the Costs based on segments of Patients using the Hospital's Services.

For lower range patients, i.e., providing very affordable care
For mid to higher range patients i.e., providing a For Profit, Private Hospital type care.

Capital Costs and Revenues will be worked accordingly to determine feasibility of each option. This report will be the very basis for the decision on the mix of treatment to be provided.

The Project Report cum Business Plan would include

Details of the Project

Project Description
Locational Advantages
Market Analysis
Hospital USPs / Differentiating Factors
Risk Analysis & Contingency Plan
Demographics
Service and Revenue Mix
Stacking Plan
Bed Distribution
Market Plan
Staffing Plan

Projected Financials

Estimated Project costs including
- Construction Costs
- Equipment Costs
Fixed Costs
Variable Costs
Operating Costs
Estimated Income
Projected Profitability Statement
Projected Cash Flow Statement
Projected Balance Sheet

Healthcare Due Diligence Study

Operational Due Diligence Study of the entire Hospital to examine in detail the existing Infrastructure, Facilities, Equipment, Licenses and Approvals, Staff, and other Resources. The coverage primarily under each of these heads would be: Read More...

Manpower Planning and Recruitment Assistance

Based on the Stagewise Roll Out Program as given in the Business Plan we prepare the Organogram covering the Senior and Middle Level Staff, Clinical and Non-Clinical.

On approval of this Staff Master List by the Hospital Management we will provide the Qualifications, Experience and Privileges for each Post, as well as information for placing the recruitment advertisements.

All these requirements will be in compliance with the National Accreditaiton Requirements - the NABH. Read More...

Our Latest Indian & International Hospital Feasibility Study, Hospital Project Reports, and Healthcare Due Diligence Study Clients

Padmabati Devi Hospital, 1000 Beds, Jamshedpur
Tristar Global Logistics Nairobi, Kenya, East Africa
Sajida Foundation, Ashulia, Dhaka, Bangladesh
Sajida Foundation, Keranigonj, Dhaka, Bangladesh
Labaid Flagship Hospital, Dhaka
Labaid Cardiac Hospital Uttara, Dhaka
CRK Diagnostics, Hajipur, Bihar
Aftab Hospital, Giridih, Jharkhand
Planned Hospital at Pragnapur, Telangana
Soorya Hospital, Chembur, Mumbai
Soorya Hospital, kandaveli, Mumbai
Suasth Hospital, Navi Mumbai
Planned Hospital at Durgapur, Westbengal
Azidus Hospital, Mogappair, Chennai
Meridian Hospital, 300 Beds, Chennai
Advanced Cosmetology Surgical Centre, Chennai
Sankara Nethralaya, New Centre on OMR, Chennai
Gous Bai Hospital SP koil, Chennai
Hi beam Scans, Chennai, Tamilnadu
Planned Hospital at ECR, Chennai
Planned Hospital at Minjur, Chennai
Sayeed Foundation, Tirunelveli
Anbu Super speciality Hospital, 100 Beds, Dharmapuri
Esakki Hospital, Tenkasi
BS Sahney Hospital, 45 Beds, Coonoor
Naam Hospital, 100 Beds, Salem
ABC Hospital, Krishnagiri, Tamilnadu
Planned Hospital at Velankanni