Get Financial Feasibility study for your Healthcare Project - Best Healthcare Consultant in Dubai
Understanding the requirements and business objectives of the client is at the core of planning a feasibility study thus ensuring this leads to an informed decision for proceeding with a project or acquisition. Forte Healthcare has a specialized team of healthcare professionals who assess a bottoms-up approach toward preparing Financial feasibility for a Hospital, Clinic, or specialized healthcare facility. Our team ensures all elements are captured from
Real Estate and leasehold or Purchase of Real Estate Asset
Local regulatory compliance
Outpatient Clinics and Physicians
Radiology Department
Laboratory Diagnosis
Physicians and Specialties
Staff costs – Including Clinic or Hospital Administration
Patient Services or Day Cases
Day Surgeries, Procedures, or Overnight Surgeries
Patient cross referrals
Market Feasibility
Adaptation of the agreed model on actual layouts
We closely evaluate the demand and supply across geographical locations and suggest the appropriate positioning of the clinic brand. Financial feasibility is expanded across all services and with a cost vs benefit analysis to evaluate what’s relevant in each market, also the segmentation is vital for healthcare facilities given tier-based insurance and facilities in GCC / Middle East countries. Revenue cycle management and Insurance play a pivotal play in the feasibility and cash flows, we have an extensive approach to covering these in our financial models. Insurances work differently across the EMEA region with a few countries with mandatory insurance and others on a cash basis, it’s crucial that the financial feasibility captures all modes of payments along with actual pricing for Healthcare facilities.
Why Financial Feasibility
Entrepreneurs who want to invest in a new project or grow their present business should first do a thorough financial study. The benefits and drawbacks of your project are determined through a financial feasibility study in Dubai. The feasibility report provides a comprehensive overview of your project’s practical needs and profit potential. A feasibility study examines whether or not your business can be turned into a reality. Outsource feasibility studies to the most capable firms in order to acquire a practical assessment. Forte Healthcare is a top-notch healthcare consulting company in the UAE that calculates the investment’s net present value (NPV) using extensive market research. The NPV calculates the current value of an investment as well as the future economic benefits. The Advantages of a Healthcare Financial Feasibility Study are:
Identify fresh possibilities
Physician allocation and star doctors
Identify and develop Centers of Excellence
Reduces the number of business options
Business is channeled in the appropriate path on the merged operations model
A thorough investigation aids in the identification of available opportunities.
Enhances team attention and decision-making Increases success rate by examining numerous aspects
Estimate break-even and EBITDA margins
Cost-benefit analyses
Exit Strategy and multiples
Why should you work with us?
Our team serves as a base corporate function any entity can benefit from without inculcating corporate staff costs, our team has experienced healthcare professionals from Legal, Finance, Operations, Management, Projects, Architecture & Design, Regulatory compliance, HR, IT, Marketing, and Revenue Cycle Management (Including insurance empanelment’s) Our team works from the concept/idea to Financial Feasibility leading into establishing projects and successful EBITDA positive businesses operations. Whatever your vision is, we will make it a reality with the utmost clarity in order to achieve success. We assist new businesses by providing insight into their business plans and market research. By providing the proper solutions, most of our healthcare clients have grown into significant businesses that have expanded regionally and globally.
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Feasibility study is a vital necessity for businesses venturing into new territories or embarking on significant initiatives.
They provide a systematic and comprehensive evaluation of the viability, market potential, financial implications, risks associated with a business.
By conducting feasibility studies, businesses can make informed decisions, allocate resources wisely, mitigate risks, and increase their chances of long-term success.
Embracing feasibility studies as an integral part of the planning process empowers businesses. It enables them to navigate the ever-evolving market landscape with confidence, adaptability, and a clear path to sustainable growth.
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BUSINESS GROWTH STRATEGY CONSULTING
The structural evolution induced by new technology, dynamic demands of the customer, and sector integration, entities are pursuing aggressive business growth strategy consulting. Creating an effective growth plan helps to align both immediate and long-term firm goals, offering a road map to more efficient operations and revenues.
The application of advanced data analytics to get a deeper understanding of end-user procurement patterns and emerging product preferences along with increased mobility across functions, would assist businesses in discovering and sharing ideas regarding untapped growth prospects.
What Is An Expansion Consultant?
Business expansion consultants aids in effectively expanding your business beyond the demography. They create a framework of the appropriate structures that need to be adopted within your expansion, streamlining operations to improve, grow, and maintain various aspects of the business.
What Does A Strategy Consultant Do?
Strategy consultant provides an expert perspective on challenges outside the business purview and an in-depth analysis of their client’s business objectives. They are not restricted by a personal interest in the firm and are unbiased in providing actionable information to address specific business concerns.
Strategy consultant aims in determining whether the existing behaviours are in line with the business objectives. Each strategy consulting project comes with unique challenges, opportunities for an individual, and an organization’s growth. Based on their analysis, they provide strategic recommendations for the organization‘s implementation for yielding desirable results.
What Is A Marketing Expansion Strategy?
A marketing strategy is sustained process. For a successful marketing expansion strategy, marketing efforts are the most integral part, as they aid their customers with the product or service offerings. It efficiently increases the brand’s influence and reputation with the help of media platforms and social networks. Internet marketing is an easy-to-use vital strategy that could literally scale up almost any business. Devising a marketing expansion strategy aids in proliferating business growth.
What Skills Should A Strategy Consultant Have?
Strategy consultants should possess phenomenal skills that are versatile to identify key metrics and business objectives effectively. The required skills are not bounded but those vital skills are:
> Communication skills
> Analytical skills
> Organizational skills
> People skills
What Is A Market Expansion Strategy?
Market expansion strategy is the process of identifying and establishing the range of their products and services in new or existing markets thereby surging prospective customers. Market expansion strategy’s key aspect is to use significant data about prevailing business performance to determine whether market expansion is the right direction for your business.
Market expansion strategy consultant aids in expanding your business to meet new markets helps you identify opportunities, clearly define objectives and allocate appropriate resources. Oftentimes, a company will enter an entirely new geographic area to find a new market.
What Are The 4 Marketing Expansion Grid?
There are many growth models that can be tailored to map the business. The Ansoff Matrix, the BCG Growth-Share Matrix, or Hambrick and Fredrickson’s Strategy Diamond are all well documented, discussed and used by organizations around the world. One such model that aids leaders and entrepreneurs to decide on future growth plans and strategize operations is Ansoff Matrix. It was developed to analyze and guide business decisions while creating a new growth strategy.
Ansoff Matrix model offers four strategies that support a company’s growth and expansion while analyzing it’s associated risks. The four strategies marketing expansion strategies are:
> Market Penetration
> Product Development
> Market Development
> Diversification
What Are The Different Types Of Expansion Strategy?
An expansion strategy is adopted by an entity when it seeks to achieve rapid growth as opposed to its previous achievements. The reasons for expansion may vary based on the business demands. These include survival, social benefits, economic prudence, stature and proliferated market shares.
> The are different types of expansion strategies and they are:
> Concentration
> Diversification
> Integration
> Cooperation
> Internationalization
How Do You Implement An Expansion Strategy?
Market expansion starts with research. An analysis of existing markets can serve as a benchmark. This would bring insights into how the business surged in the existing market. The results from analyzing the existing and future markets, cost-benefit, risk-benefit, and growth forecasting should simulate possible outcomes early on before the commencement of a business. This is essential because a smart and solid strategy in place ahead will help reduce costs, mitigate risks, and tap into new business opportunities.
Implementation of business expansion it needs to be more specific in enabling a strategy and tactics around it. This includes purchasing new assets, opening new units, adding personnel, increasing advertising, adding franchises, entering new markets, providing new products or services, etc. It usually involves in determining:
> Primary Market Focus
> Target Customer
> Channel Strategy
> Resource Allocation
> Product Offerings
> Brand Positioning
> Gearing Up Operations
How Do You Develop A Targeted Market Expansion Strategy?
The demands of the markets are divergent and depend on the strategic model therefore the business needs to be aligned with the operations according to the intended goals. A target market strategy is a business plan focused on increasing sales and brand awareness within a specific consumer group. By focusing on specific market segments, businesses can plan professional marketing campaigns, provide detailed sales forecasts, and increase product sales and profits by expansion.
Businesses may choose a target market based on the location of customers. Businesses often define a market by traits like age, marital status, educational experience or employment type. Sometimes a business might separate consumers based on their buying habits. Few of the strategies for developing targeted market expansion are:
> Basic demographics
> Geographic location
> Purchasing behaviour
> Values and beliefs
How To Create A Market Expansion Strategy?
Market expansion is a growth strategy that aims to make a product or service available in new markets when existing ones get saturated. Companies hoping to increase revenue can do so in a variety of ways such as by increasing their advertising budget, expanding sales & investing heavily in product development.
Thorough and accurate market research analysis allows us to understand market trends and, more importantly, our customers. Market research and analysis are designed to aid in customizing the products and services to meet business demands. The 4 key factors involved in creating a market expansion strategies are:
> Market Penetration
> Product Development
> Market Development
> Diversification
Market Penetration
Market penetration involves in offering the current product or service to the existing markets on a wider scale.
Product Development
Product development involves in adapting or adding new products or services to reach wider markets or customer segments.
Market Development
Market development involves in launching of an existing product or service to a new demographic or market, at home or abroad.
Diversification
Diversification involve in launching of a brand-new product or service into a new market other than the business-as-usual service or product. This strategy carries the most risk but has high growth potential in the business.
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