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A detailed feasibility study is an essential element in the process of diligently assessing any new health services business venture. According to data released by the Bureau of Labor Statistics, the health care industry is currently one of the fastest-growing fields in the United States, and it is projected that the field will grow by 22 percent by 2018. This is compared to an 11 percent average growth rate for all other industries (United States Department of Labor, 2012). Whether you are considering new medical service lines, an expansion of your current operation, or any other type of healthcare business venture, a feasibility study is an essential planning tool for any future healthcare leader.
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Healthcare Feasibility Study Topic of Focus