preview

Plano Executive Summary

Better Essays

Executive Summary
Plano, TX is amid an unprecedented health care boom. The health care market is estimated to be more than 8 billion worth in new hospitals around Plano and we are proud to be part of the growing economy. To fulfill the needs of growing population Healthcare Market in Plano area is need of new additional medical services which is a good reason for us to start our medical facility in this area. Plano is the 4th largest city in Dallas and has a reputation of third best place to live with easy access to all means of transport by air, road by Times magazine. According to the financial report, Plano is considered as the number 1 in the state of Texas for business because of the tax incentives and the cost of conducting business compared …show more content…

The health care market is estimated to be more than 8 billion worth in new hospitals around Plano ("Extending trends", 2017). This represents only a third of hospital, outpatient clinic and other surgical centers under the North Texas communities by public, private and not-for-profit health organizations. According to the reports by Dallas regionals chamber North Texas is considered as a favorable for business as it is the fifth lowest in the country for doing business in the Healthcare Industry. As there are many new hospitals springing up, they are warning against overbuilding of new construction, saying unnecessary facilities mean higher costs for everybody. Costs in North Texas are already higher than the national average. To fulfill the needs of growing population Healthcare Market in Plano area is need of new additional medical services which is a good reason for us to start our medical facility in this area. However, there is also rise in the aging population which will need more general and specialized health care …show more content…

According to the survey results presented by Fort Worth Business review in 2016, Plano (North Texas) ranked 42 in the ratio of primary care physicians serving the general population ("Extending trends", 2017). Secondly, the population according to the Dallas Business Journal, the number of diabetes cases is rising which is one of our main target populations that will be served by our qualified endocrinologist, diabetes educators at our facility. The unemployment rate is 6.2% ("The health Care Impact", 2014) which is below the average level when compared to unemployment rate in Texas which is 7%("The health Care Impact", 2014). There are many major companies in Plano area to name a few are Alliance Data Systems, Cinemark Holdings, Dr Pepper Snapple Group, J.C. Penney, Rent-A-Center. So, setting a hospital in such as locality could work in our

Get Access