What is the purpose of conducting a feasibility study in healthcare construction?

Conducting a feasibility study in healthcare construction is crucial for assessing the viability of a project across multiple dimensions, including financial, technical, and operational aspects. The purpose of this study is to provide stakeholders with an understanding of whether the proposed project is feasible and worth pursuing. It involves evaluating various factors such as projected costs, funding sources, potential revenue streams, the suitability of available technology, and the operational needs of the facility.

A feasibility study can help identify potential obstacles and risks that might affect the project's success, allowing decision-makers to make informed choices on whether to proceed, modify, or abandon the project. It also provides a basis for strategic planning, ensuring that all necessary resources and conditions are considered before significant investments are made.

The other options, while relevant to different aspects of healthcare facility planning and construction, do not capture the comprehensive nature of what a feasibility study is meant to accomplish. For instance, creating a marketing plan or finalizing project designs are subsequent steps that would come after a feasibility study confirms that the project is viable. Similarly, analyzing staff requirements is an important operational consideration but is only one component of the broader assessment that a feasibility study provides.