| Title |
Identification of Major Risk Factors in Healthcare Development Project and Effective Management Plan - Focused on the China Healthcare Development Business - |
| Authors |
Nam Gung, Jin ; LeeSang-Ho |
| Keywords |
Healthcare Development Project ; AHP ; Risk Factors ; Value of Importance ; Mitigation Plan |
| Abstract |
This study identifies the importance of risks in each stage of healthcare business by applying AHP to the business in China. Given that healthcare business consists of five stages including planning, investment, design, construction and operation in this study, the risks are classified into 14 of high-level risks and 42 of low-level risks. The result of AHP reveals that the risks of planning and investment are much more imperative than risks of design and construction, medical equipment and operation. In particular, it reveals that critical risks are initial feasibility analysis, cooperation with local hospital operator in China, Chinese authorities' permission for development or policy change. In order to manage the risks, it is important to discover trustworthy partners at the early stage of the project and to run the business in stable way by analyzing healthcare-related laws and policies cooperatively with partners. |