Why Feasibility Study is Important in Healthcare Investment

1. Why Feasibility Study is Important in Healthcare Investment? The Indian healthcare sector is growing at a notable pace in tandem with global market trends. In the current fiscal the overall GOI’s budget for healthcare budget is close to 2.1% of the GDP, gradually moving up from FY 21, when it was 1.3%. In FY 22, the total size of the healthcare sector is around USD 349.1 billion and is expected to reach USD 773 billion by FY 26. India has also adopted a simplified FDI policies, which have been instrumental in driving international capital into the healthcare industry. During the tenure of 2000- 2021, a total investment of USD 27.7 billion has been directed toward the Indian market. Indian Healthcare Sector: A Booming Opportunity for New Ventures The Indian healthcare sector offers tremendous opportunities for Investors and business owners. The demand is backed by a solid foundational base. The large aggregate population, surge in per capita income, and rise in health awareness are driving the demand for medical services in India.

2. There is a tremendous amount of opportunity available in setting up hospitals & nursing homes, clinics, specialty (and super specialty) healthcare centers, child care hospitals, trauma centers, etc. backed by rising in demand. The growing penetration of healthcare insurance, medical claim policies, etc. also accelerating demand for healthcare services. The Government in India has also introduced the ambitious Ayushman Bharat scheme, under which ~ 40% of the Indian population will be provided with health facilities. While you choose to step ahead with investment in the healthcare sector, conducting a feasibility studyaids in describing a business idea’s sustainability or attainability and if you should choose the investment over another. This seems to be a crucial part of a new business and aids in describing the financial feasibility of your business plan. Talking about the types of feasibility and their importance, well, The India Watch team has shared that below, have a look - Market Feasibility- The market feasibility of a hospital or a healthcare center encompasses analyzing the expected customers, average expenditure per customer, etc. It will also involve evaluating disease patterns in the region, healthcare expenditure patterns in the region, availability of corporate packages, etc. Financial Feasibility- This feasibility aspect looks at profitability, new venture costs, operation cost, overhead cost, variable and fixed costs, and potential liabilities of a healthcare business. All of this becomes crucial to keep a check on unplanned costs. Technical Feasibility- Healthcare business is not about operating patients, but there goes a bunch of hardware and software to make it happen. From equipment of the

3. best quality to software to maintain records and reports to hiring ground staff to recruit practicing doctors, etc., takes a lot of time and energy. Operational Feasibility- In this type of feasibility, regular operating functions are planned, and one can discuss many items of reliability, supportability, maintainability, and sustainability they have. For instance- having support to train the workforce by staff that’s knowledgeable and knows practical skills, etc. Operational feasibility will also involve working out the organizational structure, which will involve department-wise doctors, nursing staff, technicians, etc. It will also include planning out the support functions that will include the marketing team, sales team, admin staff, front office, etc. Customer Analysis: It is an important part of a feasibility consulting plan. Studying and analyzing the customers are important for healthcare businesses such as a hospital, nursing homes, or pathology centers. How The India Watch can help? The India Watch is an India-centered market research and feasibility consulting company. It has proven expertise in conducting feasibility studies for numerous healthcare business entities such as nursing homes, hospitals, healthcare centers, super specialty hospitals, etc. The India Watch can help in conducting the feasibility of new healthcare business entities such as hospitals, nursing homes, specialty hospitals, etc. The India Watch can help in formulating business plans for healthcare entities It can help in conducting customer feedback surveys for hospital and healthcare chains It can offer custom-made research for health tech companies, medical enterprises, pharma companies, etc. It can work as a business research partner for corporates, family offices, and investors, involved in the healthcare business. It can offer tailor-made research to investors and PE players looking to enter the Indian healthcare segment. For any further information, feel free to drop a mail at info@theindiawatch.com Follow Us: Facebook | Twitter | LinkedIn | Pinterest | Instagram Call Us: + 91–8197749919 Email Id: paritosh@theindiawatch.com

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