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Home » Feasibility Study for Senior Housing

Feasibility Study for Senior Housing

Feasibility Studies for Independent Living, Assisted Living and Skilled Nursing Facilities

Is your healthcare facility looking to launch a new expansion or service line? Are you an investor building a new assisted living, independent living, or skilled nursing development? We can help your company conduct a detailed feasibility study for your senior living development.

Nielson Financial Services has over 15 years of experience in the healthcare financial industry and is one of the newest leaders in feasibility studies for senior living development. Our team of healthcare market experts and researchers takes a detailed look at demographic and economic trends in your area and provides projections that will help your company decide if your investment project is feasible for your location.

The Nielson Financial team assisted us with feasibility studies for both assisted living and independent living. They were highly responsive and provided updates throughout the entire process. The final reports that we received were detailed and written in a way that was easy to understand. I would recommend Nielsen Financial Services to anyone. We will absolutely utilize their strengths again in the future.”
Mackelle Hendrix –
Operations Manager, Trilio Group

September 2021

Why complete a feasibility study for senior housing projects?

A market feasibility study is designed to assist internal decision-making for a property as well as a presentation for other potential operators and financial partners. For many investors, the combined components of real estate and hospitality give senior housing and care properties a unique resiliency, offering the benefits of real estate investment along with the strength of the healthcare field.

Feasibility Study for Senior Living Developments with Picture of Nurse Helping an Elderly Woman with a Walker

About Our Detailed Feasibility Studies

Feasibility studies conducted by Nielson Financial consist of a multi-phase research program that looks in detail at key factors that will help your company determine if your senior living project is feasible within the primary market area.

First, we create a list of all current senior living facilities in the PMA (primary market area). The compiled list includes research from the state website, hospital discharge planning, and internet research. After we have our complete list, we verify information about each facility including (units, occupancy percentages, rates, amenities, the age of the facility, appearance of the facility, etc.). This gives us our list of comparable properties “comps”.

Next, we create a demographic profile of the residents within the PMA (both total residents, and age- and income-qualified residents). The demographic profile and the list of senior living facilities are used to calculate different penetration rates. The rates are compared to both national and regional averages to determine feasibility.

Key functions of a feasibility study performed for assisted living, independent living or skilled nursing development include:

  • Conducting Detailed Market Analysis
  • Senior Living Supply-Demand Forecasts
  • Senior Living Market Research
  • Senior Housing Regional Analysis
  • Competitive Market Analysis
  • Defining Primary Market Area (PMA)
  • Supply Analysis for Primary Market Area (PMA)
  • Demand Analysis for Primary Market Area (PMA)
  • Penetration Analysis for Primary Market Area (PMA)

Your company will have the option to customize your feasibility studies to the level of detail needed for your project. A detailed feasibility study usually takes between four to six weeks to conduct. We can also add additional layers of depth to your study by conducting project timelines, revenue projections, profit and loss projections, proformas, staffing costs, etc.

We highly recommend the Nielson Financial team for senior living feasibility studies. We contracted their team to conduct reports for our assisted living care and independent care facility projects earlier this year.  The reports were delivered on time and were much more comprehensive than we expected. We feel that the feasibility studies have helped us make informed decisions about whether to move forward with our projects. We appreciate the Nielson Financial team for providing their expertise at a great value!”
– Antonio Hyppolite
Sunnyland Management
October 2021

Want to find out if your senior housing development is feasible? Contact Nielson Financial today for a free consultation or detailed senior living market analysis. You can reach us at (407) 454-9096 or fill out a form to Contact Us.

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Have more questions about feasibility studies? Learn more on our frequently asked questions page.

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Testimonials

You can expect results from NFS if you decide to utilize his services.

“During his tenure, we have consistently been able to keep our accounts receivable under 40 days outstanding and had some...

John Helsel

Administrator

Imperial Health Care Center

5.0
2015-04-20T20:12:38-04:00

John Helsel

Administrator

Imperial Health Care Center

“During his tenure, we have consistently been able to keep our accounts receivable under 40 days outstanding and had some months with less than 30 days outstanding...You can expect results from NFS if you decide to utilize his services.”
https://www.nielsonfinancialservices.com/testimonials/you-can-expect-results-from-nfs-if-you-decide-to-utilize-his-services/

Our accounts receivables have gone down each month.

“Our accounts receivables have gone from over $100,000 down to $10,000 and are continuing to go down each month.”

Marjorie Boyd

Administrator

Heather Hill Healthcare Center

5.0
2015-04-20T20:14:24-04:00

Marjorie Boyd

Administrator

Heather Hill Healthcare Center

“Our accounts receivables have gone from over $100,000 down to $10,000 and are continuing to go down each month.”
https://www.nielsonfinancialservices.com/testimonials/our-accounts-receivables-have-gone-down-each-month/

NFS’s leadership and expertise led to our outstanding receivables declining.

“In March 2000, the center’s outstanding receivables over 6 months old were over $225,000. Due to NFS's leadership and expertise,...

Bob Pate

Administrator

Osceola Healthcare Center

5.0
2015-04-20T20:17:15-04:00

Bob Pate

Administrator

Osceola Healthcare Center

“In March 2000, the center’s outstanding receivables over 6 months old were over $225,000. Due to NFS's leadership and expertise, my center’s outstanding receivables began to decline. As of June 2003, our receivables over 6 months old totaled $39,000.”
https://www.nielsonfinancialservices.com/testimonials/nfss-leadership-and-expertise-led-to-our-outstanding-receivables-declining/

Always exhibited a high sense of professionalism.

“NFS always exhibited a high sense of professionalism, working well with my administrative staff and myself.”

Thomas Campbell

Director

The Place at Maitland

5.0
2015-04-20T20:49:06-04:00

Thomas Campbell

Director

The Place at Maitland

“NFS always exhibited a high sense of professionalism, working well with my administrative staff and myself.”
https://www.nielsonfinancialservices.com/testimonials/always-exhibited-a-high-sense-of-professionalism/

Greatly reduced accounts receivables to a superior level.

“NFS developed and implemented policies and procedures which were highly successful in the operations…greatly reducing accounts receivables to a level...

Richard Laparl

Administrator

Ft. Lauderdale Health & Rehab

5.0
2015-04-20T20:50:53-04:00

Richard Laparl

Administrator

Ft. Lauderdale Health & Rehab

“NFS developed and implemented policies and procedures which were highly successful in the operations…greatly reducing accounts receivables to a level superior to any in our long history”
https://www.nielsonfinancialservices.com/testimonials/greatly-reduced-accounts-receivables-to-a-superior-level/
5.0
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Healthcare Management in Central Florida

Nielson Financial Services, Inc. is a consulting group out of Orlando Florida specializing in healthcare facility management, accounting, healthcare billing services, collections and feasibility studies for Senior Housing.

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Nielson Financial Services
Address: 901 E. Washington St.
Orlando, FL 32801
Phone: (407) 454-9096
Fax: (407) 843-0407
Cell: (407) 234-4820
Email: Cpizam@NielsonFinancialServices.com
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