Date of Award
1992
Document Type
Thesis
Degree Name
Master of Business Administration
Department
Business
First Advisor
Daniel W. Kemper
Second Advisor
Joseph Silverio
Third Advisor
Jan Kniffen
Abstract
This thesis will focus on the possibility of starting a new residential care facility in O'Fallon, Missouri.
In the United States the elderly population is increasing at a faster rate than ever before. It is expected that by the 21st century various forms of elderly health care services will be in high demand.
The purpose of the present study was to investigate the revenues and expenses associated with a residential care facility for the elderly. The issues of funding, design, marketing and implementation of this type of business were examined.
Three subjects participated in the study based on their education and experience in operating a small business. The subjects reviewed a business plan and completed an evaluation questionnaire.
Results of the evaluation showed that there seemed to be a market for a residential care facility in O'Fallon.The subjects concluded that success of the business will be based on the prospective owner's willingness to acquire additional health care education, as well as the operation's profitability variables, such as occupancy rate, service costs, employee turnover, and the level of competition.
Recommended Citation
Metzger, Laura E., "A Business Proposal for the Design and Implementation of a Long-Term Health Care Facility" (1992). Theses. 1104.
https://digitalcommons.lindenwood.edu/theses/1104
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.