When planning for economic development involving a healthcare project, the goal is to create and maintain a strong, vibrant local economy that can meet the anticipated healthcare needs of the community is serves. Often, in developing and transitional economies, obtaining investor buy in is challenging because of problems with corruption, security risk, unfamiliarity with the culture and local protocols, and a host of other hurdles that slow projects down. Nonetheless, healthcare is always going to be a necessity, especially as a community grows and entertains foreign direct investment (FDI) in projects that bring workers, jobs and prosperity to a region.
When considering a hospital or clinic construction, local government economic development planning objectives are a part of a region’s overall economic development strategy and involves intergovernmental and private investment coordination.
The economic development plan (EDP) provides a comprehensive overview of the economy, sets policy direction for economic growth, and identifies strategies, programs, and projects to improve the economy. This is where the healthcare expertise of consultants from the outside can bring a fresh perspective and lessons learned from previous projects. We can also bring “out-of-the-box” thinking and solutions that local developers may have overlooked or never seen before. This can include ideation and models for healthcare free-trade-zone (FTZ), health park general development plans (GDPs) that combine long-term leases for community-owned land parcels in exchange for jobs and training to provide new means of sustainability for the local community, long-term lease agreements to maintain sustained income to the community in the form of rents of the land on which vertical healthcare projects can be built, and many more ideas.
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Mercury Advisory Group healthcare development and planning experts bring a unique mix of:
- Healthcare operations and hospital management
- Perioperative services and pharmacy operations
- Medical research and clinical trials management
- Urban and regional planning for community vibrancy, health and wellness
- Healthcare architecture, engineering and construction
- Healthcare financial management
- Health tourism business development and hospitality management
- Healthcare information systems technologies, telemedicine, mhealth applications
- Market analysis, branding, advertising, marketing and public relations, and
- International quality and safety accreditation planning for healthcare institutions.
Mercury Advisory Group’s multidisciplinary team consists of a group of highly skilled professionals* located across 6 continents, who are focused on and passionate about the healthcare and health tourism industry.
This experienced team of healthcare and health tourism industry consultants, architects, planners, engineers and tourism and hospitality specialists work together on many concurrent projects. This minimizes variables and prevents your project from going off course, allowing you to stay in control of your project.
* The integrated team working together includes consultants licensed architects and professional engineers employed by Mercury Advisory Group, a subsidiary of The Mercury Healthcare Companies, or an affiliated independent firm, where required by law.
