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Feasibility studies are comprehensive assessments conducted to evaluate the practicality, viability, and potential success of proposed projects or initiatives. In the healthcare industry, feasibility studies play a crucial role in decision-making processes, helping stakeholders determine whether a proposed healthcare project, such as the establishment of a new facility, introduction of a new service, or adoption of a new technology, is feasible and worth pursuing
Key Components
Financial Feasibility: Evaluating the financial feasibility of the project, including its funding sources, profitability, cash flow sustainability, and potential for meeting financial goals.
Market Research: Analyzing market trends, demand, and competition to determine the project's market potential and feasibility
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