Feasibility Study Concept Draft
The Concept is a draft version of your final version of your feasibility study, The Feasibility of a Patient-Centered Self-Management System to Improve Patient Outcomes and Continued Care, with the initial list of relevant scholarly sources.
You must include a preliminary Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis for The Feasibility of a Patient-Centered Self-Management System to Improve Patient Outcomes and Continued Care. Also, view the Feasibility Study Template (https://www.youtube.com/watch?v=gNsimuW0dJU) video and view the online article “Community Assessment,” (https://ctb.ku.edu/en/table-of-contents/assessment/assessing-community-needs-and-resources/swot-analysis/main) both of which include specific information on elements of the SWOT analysis required for your draft.
In this draft, be certain to include and (at least) briefly address the content of the headings listed below in three to four pages:
The concept of a feasibility study is central to viability, the “worth to the effort” ratio, and return on investment (ROI). What needs to be taken into consideration to create a feasibility study (e.g., human resources, community needs, and technological advances, federal and state regulatory issues)? Within this section, you will research and design an economical health care service that is responsive to a given market. This research stems from understanding your target population and present need in health services.
Analyze the role of public policy with regard to your project. What policies and processes should be in place to create an effective program? How will you measure the effectiveness of your program and your provision of health care services?
Within this section you will identify the population demographics, who your competitors are, and whether or not a real need for the services you are proposing exists in the community. As you examine the demographic and population needs using Census data and other reliable sources, you must also consider what competitors, if any, exist in the present climate.
This section includes the revenue, expenses, and net income. Compare and contrast economic challenges and incentives by finding and describing multiple sources of public and private funding (e.g., grants, donations, awards, special projects) for this project. Specify the internal ramifications of moving forward using SWOT analysis.
This section examines the incremental effect of how your proposed service will impact all aspects of health services. Illustrate the incentives and challenges faced by a health organization and communicate the relevance of economics within the U.S. health care system as it pertains to your proposed services.
If your proposed study has an inpatient component, this section will analyze on volume of patients, types of payers, and how utilization rates impact your proposed study. In addition, you will further explain how your new inpatient service will add value for patients and improve the financial viability of the institution.
If your proposed study has an outpatient component, examine how admissions, revenue, and workflow of staff will improve the efficiency of your proposed service. Analyze how your outpatient service will add value for patients and improve the financial viability of the institution. Justify your plan with appropriate data.
This section examines future implications of your proposed services and how they will impact the future health outcomes of the community and financial health of the services being provided. Analyze economic theories that are germane to the provision of your proposed health services. What adjustments might you need to make in terms of what the “unintended consequences” may be? For example, Baylor Hospital in Houston proposed and spent 250 million to create a brand new hospital that currently stands empty because it was built during the U.S. economic downturn, the loan was no longer able to finance the construction, and the initial examination of its necessity did not play out as expected. Provide conclusions and implications of how your feasibility study fits within the larger context of the system of services currently being provided. How do they work with one another within the larger health care system?
Evaluate how your study will respond to market and design models that impact the community based on current regulatory and market needs.
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