Feasibility Study: Outpatient Facility — Newark, NJ

Data-driven feasibility analysis using demand forecasts, payor mix, and CHNA findings to recommend an outpatient site in Newark, NJ.

Transcript

1. Feasibility Study for a Healthcare (Outpatient) Facility in Newark, NJ Md Nurul Hoque
2. Table of contents 01 04 02 05 03 06 Introduction Area Happenings Demographics Outpatient Projections Patient Satisfaction Payor Mix 07 CHNA Conclusion 08
3. Introduction 01
4. Purpose of The Project • Evaluate feasibility of new outpatient facilities in Newark, NJ • Provide data-driven recommendations to meet demand and enhance community health
5. Focus Areas of Analysis • Population growth and demographics. • Healthcare access gaps and service demand. • Payor mix and financial viability. • Strategic opportunities for community impact.
6. Problem Statement Newark faces major gaps in healthcare access and patient satisfaction. The increase in population, growing demand for care , high rates of chronic conditions, and inadequate access to outpatient facilities play into those gaps. These challenges, along with community needs for affordable and accessible care increases the need for a new outpatient facility.
7. Area Happenings 02
8. Analysis of Newark Residential and Mixed-Use Developments Ironbound district Arts Center (NJPAC) Affordable Housing
9. Analysis of Newark Economic and Technological Initiatives Newark 360 Master Plan HAX Project
10. Analysis of Newark Infrastructure Enhancements Cultural and Community Developments pedestrian bridge over Route 21 Arts Center (NJPAC)
11. Analysis of Newark Brownfields development 38 in NJ and 1 in NEWARK
12. Demographics 03
13. Demographics in Newark Population Growth New Jersey: 1.5 % Newark: 1.15%
14. Demographics in Newark Some statistics about New jersey and Newark High School Graduate or higher 77.7% 90.6% Bachelor's Degree or higher 17.0% 42.3% Disability Status 12.8% 6.8% Median Household Income $46,460 $97,126 Per Capita Income $24,716 $50,995 Persons in poverty, percent 24.4% 9.7% Language Other than English Spoken at Home 50.5% 32.2% Owner-occupied housing unit rate 23.9% 63.9% Median Gross Rent $1,273 $1,577 Outpatient facilities 3 55
15. Demographics in Newark Household income
16. Payor Mix 04
17. Newark’s Payor Mix
18. Newark’s Payor Mix Concerning Indicators: 1. High Dependence on Medicaid 2. Low Private Insurance Coverage Favorable Indicators 1. Projected Decline in Uninsured Population The low proportion of private insurance and high dependence on Medicaid could pose financial challenges for providers, as these payors typically offer lower reimbursement rates.
19. Outpatient Projections 05
20. Outpatient Projections Adult patients are projected to increase by 931,526 Pediatric patients are projected to increase by 85,545 Source: Outpatient: Sg2 Analytics Version 2023: Proprietary Sg2 All-Payer Claims Data Set, 2021; The following 2021 CMS Limited Data Sets (LDS): Carrier, Denominator, Home Health Agency, Hospice, Outpatient, Skilled Nursing Facility
21. Outpatient Projections Growing demand for outpatient medicine services
22. Why We Need an Outpatient Facility Based on the Projections • Growing Demand ◦ Increase in number of individuals requiring outpatient services -> outstrip the capacity of current facilities -> a need to expand
23. Patient Satisfaction 06
24. What Does the Facility Do Well Patient’s rate the care received and the staff highly which provides a foundation to replicate for success in a newer facility Cleanliness Care Received Doctor’s
25. What Needs to Improve Creating another facility can help reduce wait times and create more available appointments because patient volumes will be more evenly distributed Wait Times Appointment Scheduling
26. Why We need an Outpatient Facility • Reduce wait times • Evenly distribute patient volume • Improve patient satisfaction
27. CHNA 07
28. Main Community Issues in Newark • Mental Health • Diabetes • Obesity • Hypertension • Prenatal care • Transportation • Access to care
29. Increase in Chronic Conditions Sources: City Health Dashboard. (n.d.). City overview: Newark, NJ. NYU Langone Health. Retrieved December 10, 2024, from https://www.cityhealthdashboard.com/nj/newark/city-overview County Health Rankings & Roadmaps. (n.d.). Explore health rankings. University of Wisconsin Population Health Institute. Retrieved December 10, 2024, from https://www.countyhealthrankings.org
30. Community Needs Source: RWJBarnabas Health. (2022). Community health needs assessment: Newark Beth Israel Medical Center 2022. RWJBarnabas Health. https://www.rwjbh.org/documents/community-health-needs-assessment/NBI-CHNA-2022.pdf
31. Why We Need an Outpatient Facility • To provide accessible care/ preventative care for specifically chronic conditions • To provide cost-effective care • To create job opportunities • To improve health outcomes
32. Conclusion/ Recommendations 08
33. Why We Recommend It • Improve access to preventive care • Enhance community health • Cost-effective care • Help with growing demand • Improve patient satisfaction • Address unmet needs
34. Con’s • High Cost • Uncertain demand • Poor payor mix
35. Create a Healthier Newark!
36. Any questions? Thank you!
37. • City Health Dashboard. (n.d.). City overview: Newark, NJ. NYU Langone Health. Retrieved December 10, 2024, from https://www.cityhealthdashboard.com/nj/newark/city-overview • County Health Rankings & Roadmaps. (n.d.). Explore health rankings. University of Wisconsin Population Health Institute. Retrieved December 10, 2024, from https://www.countyhealthrankings.org • RWJBarnabas Health. (2022). Community health needs assessment: Newark Beth Israel Medical Center 2022. RWJBarnabas Health. https://www.rwjbh.org/documents/community-health-needs-assessment/NBI-CHNA-2022.pdf • NJ state Department of health/ Health facilities/ https://www.nj.gov/health/healthfacilities/about-us/facility-types/ • CITY APPROVES NEWARK360 MASTER PLAN/ https://www.newarknj.gov/news/city-approves-newark360- master-plan • Newark’s image as emerging tech hub gets big boost with HAX announcement/ https://www.roi- nj.com/2021/09/16/tech/newarks-image-as-emerging-tech-hub-gets-big-boost-with-hax-announcement/ • Baraka announces 10 housing projects to be built under Affordable Newark initiative/ https://www.roi- nj.com/2022/05/12/real_estate/baraka-announces-10-housing-projects-to-be-built-under-affordable-newark-initiative/ • Newark Forward/ https://njbmagazine.com/special-sections/2022-newark-special-section/newark-forward/ Resources