Paper Example Undergraduate 523 words

Feasibility study concepts and applications

Last reviewed: September 11, 2012 ~3 min read
Abstract

Hydrotherapy, also called aquatic therapy, is the method or a form of physiotherapy that utilizes water to refresh, sustain, and refurbish the health condition. Hydrotherapy therapeutics can consist of many forms and is delivered by use of different size pools, spas, saunas, and a wide variety of specialty equipment to treat different conditions. The primary advantage of using water in rehabilitation is that the body is buoyant and this relieves the patient's body weight from This feasibility analysis found that it is not only economically viable to locate a new aquatic therapy center in Jeddah, but it is also an incredibly profitable opportunity for all stakeholders as well as the community at large.

¶ … Constructing an Outpatient Therapy Center that Includes Aquatic Therapy Facilities in Jeddah, Saudi Arabia

Hydrotherapy, also called aquatic therapy, is the method or a form of physiotherapy that utilizes water to refresh, sustain, and refurbish the health condition. Hydrotherapy therapeutics can consist of many forms and is delivered by use of different size pools, spas, saunas, and a wide variety of specialty equipment to treat different conditions. The primary advantage of using water in rehabilitation is that the body is buoyant and this relieves the patient's body weight from This feasibility analysis found that it is not only economically viable to locate a new aquatic therapy center in Jeddah, but it is also an incredibly profitable opportunity for all stakeholders as well as the community at large.

Mission and Vision

The mission of the organization will be to provide the local community state of the art aquatic therapy solutions for their rehabilitation needs. The equipment, staff, and administrators will all work to provide clients world class therapy that is safe and effective.

The vision is for the athletic facility to work closely with the local health community to educate them on the advantages of hydrotherapy and work closely with patients to use this technology to effectively rehabilitate their physical ailments.

HydroWorx

The cornerstone of the facility will be the HydroWorx brand aquatic therapy pool. This pool has been identified to the most advanced hydrotherapy system available with a range of different treatment options such as adjustable speed treadmills and adjustable floors so that the water level can be customized to the patients specific needs. This system allows for the most flexibility of all the available aquatic therapy equipment options and will allow the facility to focus on these items:

Improve Strength

Range of Motion

Posture

Mobility

Balance

Aquatic Exercises

Modality Treatments

Figure 1 - Variable Speed Underwater Treadmill

Figure 2 - Water Resistance Walking

Economic Considerations

Capital Investment

Fixed Assets

Figures in 1,000 USD

Land

$500.00

Facility

$500.00

Gym Equipment

$70.00

Aquatic Equipment

$250.00

Gov't Papers

$1.00

$1,321.00

Monthly Payment @ 8% over 15 Years

$12,624.16

Total capital required for the project will be $1,321,000 USD. If this capital is borrowed at an eight percent loan over a fifteen year period then the monthly repayment amount will be just under thirteen thousand dollars per month.

Human Resources

Human Resources

Annual Salary

Total

Physical Therapists

$40,000.00

3

$120,000.00

Therapist Assistants

$25,000.00

2

$50,000.00

Receptionist

$20,000.00

1

$20,000.00

Maintenance/Cleaning

$18,000.00

3

$54,000.00

Total HR Required

9

$244,000.00

Monthly Payroll

$20,333.33

Revenue Estimates

Max Capacity (hours)

Billable Rate

Physical Therapists (x3)

$150.00

$90,000.00

Monthly Overhead

Capital + HR Expense

$32,957.49

Max Capacity Gross Profit

$57,042.51

Break Even

Overhead

$32,957.49

Hourly Rate

$150.00

Hourly Break Even

Per Therapist

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PaperDue. (2012). Feasibility study concepts and applications. PaperDue. https://www.paperdue.com/essay/feasibility-study-109028

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