Dynamic health is a common concern for families and individuals all over the world. Its importance has driven remarkable international advancements in the healthcare industry.

Immense potential exists in the region for a world-class state-of-the-art center for medical excellence. Dubai, the second largest emirate in the United Arab Emirates (UAE), is the city of choice for such a venture, offering a strategic location and a reputation for successfully developing innovative projects. Dubai offers an unparalleled quality of life in a virtually crime-free tolerant society; world-class hotels, sports and leisure, entertainment and shopping facilities – all of which combine to make Dubai a leading place to live and work.

Dubai Healthcare City (DHCC) was launched in 2002 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to meet the demand for high quality, integrated healthcare in the region. Today, DHCC is home to two Joint Commission International (JCI) accredited hospitals, over 90 outpatient clinics and diagnostic laboratories, with over 2,500 licensed professionals, plus numerous allied healthcare and retail businesses. According to a publication a strong signal of Dubai’s fast-growing position as one of the world’s leading medical capitals, the healthcare market in the emirate is projected to be worth $10.9 billion (Dh40 billion) by 2013. The two major factors driving this growth are the increased investments by government and international investors, as well as Dubai’s emerging role as a leading destination for medical tourism. The substantial growth in investments is expected to yield a sharp rise in new medical institutions, research and medical education facilities.

In addition to new institutions, Dubai is also receiving growing interest from international pharmaceutical companies who are striving to make breakthroughs in medical cures. This trend is further boosted by the ever-growing number of highly skilled professionals who are applying to work in Dubai. What is particularly notable is that Dubai’s leading hospitals such as Saudi German Hospital-Dubai have attracted professionals from some of the world’s most prestigious medical institutions in Europe and elsewhere. A detailed feasibility study, including a thorough market analysis and financial proforma, is an essential element in the due diligence process when assessing any new health services business venture. Whether considering new medical service lines, an expansion of your current operation or any other type of healthcare business venture, a feasibility study is an essential planning tool.

SKM International has completed numerous health services feasibility studies for the medical community and we are uniquely qualified in healthcare operations. Our staff of experts include individuals who have spent decades as operations executives in the healthcare industry, facility building projects, and new program developments in acute care, long-term care, and outpatient physician practice settings, just to name a few . They’ve also been responsible for the ongoing operations of these developments. So rest assured, we understand that a quality feasibility study isn’t just an academic exercise. Rather, it’s the foundation upon which organizations develop successful programs and expansion.

Your organization may be considering the addition of a new service line, new piece of medical equipment, or an entirely new medical facility. Whatever it is, your success will be based on many things, and proper, thorough planning for the establishment of a new healthcare business venture, or the expansion and diversification of an existing one, provides a solid foundation upon which core objectives can be met. The SKM International understands that principle, and how to assess the factors to be identified and analyzed so that the questions a feasibility analysis should answer will enable well vetted decisions to be made.