Hospice Care Centers Feasibility & Strategy
Whether you call it a hospice house, a hospice facility or a hospice unit, most end-of-life care organizations dream of a physical site where hospice and palliative care can be delivered in a setting that combines expert staffing with a specialized environment. These hospice care centers meet the needs for short-term inpatient stays and residential hospice care for patients who either prefer a specialized setting or who do not have a home environment suitable for quality hospice care at home.
The costs of building and operating a hospice facility can be significant, so most hospices perform due diligence in the form of assessing potential demand and then developing capital and operating projections to understand the right size for a facility and the financial implications. A thorough process should provide a hospice with demand projections that take into account local demographics, hospice competition, alternatives to a hospice care center, and be benchmarked against the actual results of similar hospice facilities. The knowledge that a project is right-sized and financially viable before making a major investment makes the resources put into a needs assessment well worth it.
Tower Hill Resources, in affiliation with The Corridor Group (TCG), has been assisting hospices across the country in conducting demand and financial projections for hospice facility projects for almost 15 years. As a result, Bill Musick has developed a fine-honed understanding of the many factors that can impact the success of a hospice care center. That experience, backed with the expertise of TCG, one of the premier consultants to hospices across the nation, gives you the assurance of a top notch analysis of options for providing facility-based hospice care.
Click here to see how your organization is doing at meeting your community’s needs for facility-based hospice care….