Compare and contrast economic |

The Concept is a draft version of your final version of your feasibility study, The Feasibility of a Patient-Centered Self-Management System to Improve Patient Outcomes and Continued Care, with the initial list of relevant scholarly sources.

You must include a preliminary Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis for The Feasibility of a Patient-Centered Self-Management System to Improve Patient Outcomes and Continued Care. Also, view the Feasibility Study Template ( video and view the online article “Community Assessment,” ( both of which include specific information on elements of the SWOT analysis required for your draft.

In this draft, be certain to include and (at least) briefly address the content of the headings listed below in three to four pages:

Evaluating Feasibility
The concept of a feasibility study is central to viability, the “worth to the effort” ratio, and return on investment (ROI). What needs to be taken into consideration to create a feasibility study (e.g., human resources, community needs, and technological advances, federal and state regulatory issues)?  Within this section, you will research and design an economical health care service that is responsive to a given market. This research stems from understanding your target population and present need in health services.

Strategic Effect
Analyze the role of public policy with regard to your project. What policies and processes should be in place to create an effective program? How will you measure the effectiveness of your program and your provision of health care services?

Market Analysis
Within this section you will identify the population demographics, who your competitors are, and whether or not a real need for the services you are proposing exists in the community. As you examine the demographic and population needs using Census data and other reliable sources, you must also consider what competitors, if any, exist in the present climate.

Financial Analysis
This section includes the revenue, expenses, and net income. Compare and contrast economic challenges and incentives by finding and describing multiple sources of public and private funding (e.g., grants, donations, awards, special projects) for this project. Specify the internal ramifications of moving forward using SWOT analysis.

Operations Performance
This section examines the incremental effect of how your proposed service will impact all aspects of health services. Illustrate the incentives and challenges faced by a health organization and communicate the relevance of economics within the U.S. health care system as it pertains to your proposed services.
If your proposed study has an inpatient component, this section will analyze on volume of patients, types of payers, and how utilization rates impact your proposed study. In addition, you will further explain how your new inpatient service will add value for patients and improve the financial viability of the institution.


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