HEALTHCARE

Entrepreneur Business plan summary

Entrepreneur Business plan summary (Q1) Explain how you would conduct a feasibility analysis.

The concept of Hospice care unit is rapidly transforming into an arena of specialization as far as the health care sector is concerned. The main premise behind it is the concept of providing utmost comfort as well as care to an individual who are terminally ill. The advantage of hospice unit is its supporting facility along with palliative care that it has to offer. Hospice concentrates on underpinning patients by providing quality as well as comfort for the treatments of the patient who are bound to die because of life threatening illness.

Most care units do not provide antibiotic therapy. The new hospice unit to be built will have a competitive edge over the others. This aspect of the Hospice will facilitate in aiding patients fight infections. Another premise is that the therapy will fight infections other than the actual incurable disease. This strategy will be profitable as it will assist in cutting budgets relative to the costs that are incurred when fighting the incurable disease.

Launching a hospice care unit will provide an opportunity because nearly there are 1.56 million patients that qualify for it as well as are receiving care from the hospice in the year of 2009 (NHPCO, 2009, p.4).

Hospice market is termed as the top five companies that control one fifth of the market according to a survey in 2011. Hospice is bound to flourish as there are 76 million individuals who belong to the generation of baby boomers. The huge number of people in their retiring age proves more feasibility. Incoming patients are bound to increase in the next decade due to increasing aging population. Consequently leading to higher acceptance of qualitative hospice for the end of life care. Majority of the ...