Specialty hospital development is a viable option under certain market conditions. CFA has developed 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, joint ventured with hospitals and physicians, 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. Appropriate market planning is used to characterize the opportunity and identify key success factors, and is followed by proprietary financial pro forma models that reflect the nature of the opportunity in comprehensive business terms.
For a heart and vascular hospital, CFA provides a full range of management consulting services, including:
- Need and feasibility assessment
- Comprehensive financial pro forma development
- Business planning
- Physician and non-physician staffing
- Facility planning and development
- Public/private offering documentation
- Project implementation management
- Interim and long-term facility management
Beyond feasibility and business planning, implementation assistance is available to assist the client in achieving operational status for the new hospital as efficiently as possible. CFA is prepared to implement any new program or service it plans.
CFA has performed five complete, new heart hospital projects: three in the United States and two overseas.