Specialty hospital development is a viable option under certain market conditions. CFA has created and refined a standardized methodology and approach to heart and vascular hospital development-whether freestanding, on a hospital campus, developed as a program floor or other model-that begins with feasibility evaluation and encompasses all steps through complete development and implementation/start up. Models developed have included hospital-sponsored, physician-hospital joint ventured, proprietary investor group, physician group sponsored, and other combinations.
The ultimate success of such a venture begins with a thorough and realistic understanding of the market opportunity. CFA conducts comprehensive market planning to characterize the opportunity and identify key success factors, followed by proprietary financial pro forma models that reflect the nature of the opportunity in comprehensive business terms.
For heart and vascular hospital assessment and planning, CFA provides a full range of management consulting services, including:
- Market and need assessment
- Financial pro forma development and financial feasibility assessment
- Comprehensive business development planning
- Physician and non-physician staffing
- Facility planning and development
- Public/private offering documentation
- Project implementation management
- Interim and long-term facility management
To date, CFA has performed the assessment and business planning activities for several new heart and vascular hospital projects in the United States and internationally.