Market and Financial Feasibility

Business Plan Development

Health Planning Solutions works with you and your strategic planning and financial departments to assist in evaluating the feasibility of new products and services. HPS engages your organization in an analytically-based planning process which determines the feasibility of service offerings from a market demand and financial feasibility perspective. We then proceed to develop a detailed business plan to help you implement a successful service package.

First we collect and update any internal studies that have been done to date, including utilization studies, competitive analyses, financial analyses, and market data.

We then conduct community and stakeholder surveys to supplement existing information and to engage the community in the planning process.

Next, we work with the designated market feasibility task force to assess available options and build a consensus around feasible alternatives.

Finally, we develop a detailed business plan including an implementation timetable with specific time-limited assignments for all participants on the project team.

The result is:

• A detailed understanding of market demand,
• An analytical way of comparing competing service packages,
• An assessment of the potential financial contribution and financing options for each alternative, and
• An action-oriented business plan which assures timely product development and positive return on investment

Health Planning Solutions offers an integrated market and financial approach along with a detailed roadmap to successful project completion. We assess options using objective, data-driven methodologies which result in the most intelligent evaluation of service offerings allowing you to addressing needs of the community while meeting your financial goals.