Feasibility Studies Performed 100 RCM Projects Completed 10 Costing Studies 100
What We Do
Profits are vital to every business. Any healthcare business, even if it is a non-profit business, needs to be profitable to ensure its growth and continuity for better serving the community, and the shareholders. GATES contributes to the healthcare business with a set of services, from conception to operations and financial performance improvement.
Business Conception & Development
Budget Preparation and Control
Revenue Cycle Management
What We Offer
To start and expand the business, an investor needs to get the right decision aiding tool. Feasibility study represents a valuable tool for decision making of starting a new business or project.
It is an analysis to assess the economic viability of a proposed business or project. Through the way, it will look at all possible roadblocks that may stand in the way of the project’s success.
GATES Experts provide decision-making tools to entrepreneurs, for determining whether to invest or not in a particular business, program, or project. For over 18 years, GATES Experts have been supporting decision-makers with reliable information, based on the scientific methodologies adopted by GATES.
By conducting a Feasibility Study, the entrepreneur gets insights on the opportunity profitability, alternative investment plans, support for decision making, material for attracting investors, and provides reasons whether to continue or not in the venture.
GATES Experts make the complex object simple, by providing an understandable study, multiple scenario analysis, profitability at different levels of sales and production, a flexible automated database to execute adjustments easily, and a set of generic and customized indicators.
GATES experts make the complex object simple, by providing an understandable study, multiple scenario analysis, profitability at different levels of production, a flexible automated database to execute adjustments easily, and a set of generic and customized indicators.
“Feasibility Study” Includes The Following:
- Market Feasibility
- Legal Feasibility
- Technical Feasibility
- Economic Feasibility
- Financial Feasibility
The Generic Indicators:
- Pay Back Period (PBP)
- Return on Investment (ROI)
- Net Present Value (NPV)
- Break-Even Point (BEP)
Budget Preparation & Control
The budget is the plan for a period’s revenues and expenditures. It is built based on several inputs, integrating all the aspects of level of activity, regular costs, improvement costs, planning, and business development initiatives. GATES multi-disciplinary Experts provide an integrated budget management process building on intrinsic habits across the organization.
Organizational Budget Plan & Financial Turnover Forecast Creation
Revenues & Expenses Forecast
How much profit the business will make
Supporting communication and coordination
A shared understanding of the goals and objectives
Clarifying roles and responsibilities
Assessing performance and conferring rewards.
- Operational Budget
- Cash Budget
- Material Budget
- Capital Budget
Monthly Budget Departmental Budget Income and Expenses in Quantitative Terms Sequential Preparation
Cost Analysis provides information for decision-making at all levels in the hospital. It answers common concerns of healthcare leaders, as the real cost of provided services, the profitability of the most common procedures, profitability by guarantors and contracts, optimized use of resources, break-even point, cost of provisions, and benchmarking of services costs.
Cost Analysis is the process of calculating the cost of the healthcare services by breaking down the hospital’s total operating costs and distributing it reasonably over the hospital’s departments.
Gates Group’s Cost Analysis Process
The Experts adopt GATES steps of Cost Analysis that take into consideration the following pillars:
“PESSSO”: Professional, Equipment, Space, Staff, Supplies, and Overhead
Decision Making Process Made Simpler
GATES Experts generate useful reports necessary for appropriate decision-making such as:
Total and detailed cost by cost centers and final services centers
Detailed cost of each Relative Value Units (RVU)
Profitability by service, center, and department
Return on Investment by service, center, and department
Profitability by RVU
Contribution Margin by RVU
Percentage of service cost to the total hospital cost
Total value per allocation rule and a percentage to the total allocated value
Fixed vs. Variable Cost per RVU
Breakeven analysis for services (required incremental frequency)
The safety margin for services
Percentage of allocated cost of services to the total allocated expenses.
Unit Cost comparison with Guarantor’s Rates
The cost of the 15 most common sold procedures
Profitability of each of the most common sold procedure
Understanding Real Cost / Standard Cost Tool for feasibility and impact analysis Modeling (“What if …?) and forecasting Tool for deciding about new contracts. Generating additional revenue
Questions Answered By Costing
Costing Benefits & Profitability
- What is the real detailed cost of each service?
- What is the profitability of services, departments & Contracts?
- What is the most profitable procedure?
- What is the break-even of services?
- Are your resources used in an ideal way?