Health Care Market

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Healthcare Market

It is well known that people living in rural or country locations are not readily able to access convenient health care options. One such option that could be beneficial for both investors and the public living in a rural or country setting would be providing a medical clinic located within the rural or country area.

The scarcity of medical facilities in one of these locations would prove to be ideal for a medical clinic to be situated where the residents of these locations could more readily access the facility rather than drive anywhere from 30-60 miles further for the same attention. A medical clinic in this setting would need to be equipped to perform lab tests including drawing blood and taking x-rays. Splinting and casting of broken or fractured appendages would prevent a patient from being seen and partially treated and then have to drive to a far away location for the same service. Filling prescriptions within the facility in the event that a doctor at the facility prescribes a medicine to a patient would save the patient a trip to get needed medication.

Economic flows may impact the profitability of such a clinic, especially if the clinic wants to remain competitive with other hospitals and clinics in more urban locations. Obviously if the clinic is too expensive for its services, the patients may still choose to drive further to save money. The clinic may also need to look at the demographics of its location to better determine what the population group there can afford in order to assure that they are providing a beneficial level of care to the residents of that area, despite their ability to pay for services rendered.

Due to the remote location of the clinic, it may be more challenging to ensure that needed medications and medical supplies stay properly stocked. In the event the clinic is located in a part of the country where bad weather strikes, this may make it more difficult to have items...