Financial Feasibility Study of Home Care Business
Description:
The main purpose of this business plan is to assess the feasibility of the health care business in patient’s home. Developments in health services, opened many opportunities to do business in the field of health care and one of them is Home Care services. There are many opportunities for Home Care business that provide an opportunity for investors to develop this business. The opportunities that exist are many people with degenerative diseases that need long-term care, the number of Home Care in Indonesia are still a little, the existing Home Care is difficult to reach by consumers due to the lack of online services, and limitations of health care providers to accommodate all patients who need Home Care services. The purpose of this study is to know the feasibility of establishment a business plan of Home Care in Tangerang City. This study uses quantitative and qualitative methods. For the quantitative method, we used 3 (three) investment criteria, which are Net Present Value (NPV), Internal Rate of Return (IRR), Pay Back Period (PBP), and qualitative methods, we used non-financial approach, which are the operational aspects, marketing aspects, human resources aspects and business environtment aspects. Based on the analysis of financial feasibility, NPV of this project is IDR16,350,215 IRR is 132%, and Payback Period is 1 year 3 months. Based on the analysis of quantitative and qualitative, it can be concluded that the establishment plan of Home Care is feasible.
Author:
- Erwin Suhadi
Source:
International Conference on Recent Innovation 2018
