Benefits of Starting a Hospice Facility over a non-Hospice One
Background to the study
The common objective of each individual in the world today is to make life better through engaging in various beneficial activities. An example of such activities is the development of businesses for the sake of boosting family income. Entrepreneurs come up with creative business ideas on a daily basis and are compelled to streamline their businesses to target markets. An essential sector in the provision of business opportunities is the healthcare sector. Some of the businesses that are developed in the healthcare sector include pharmaceutical services and enterprises in curative services. A rapidly rising need for palliative care also generates immense opportunities for the daring in the contemporary investment environment.
The aim of Hospice care is to provide supportive care particularly to those who are in the last stages of their lives. Most people who are admitted into hospice care are either aged or suffer from terminal illnesses. The purpose of hospice care then is to make conditions conducive for passing into the next life in the most comfortable way possible. Hospice care is based on the philosophy that death is final and irreversible (ACS, 2014). It is used when one can no longer benefit from curative treatments and any medication administered during hospice care is for the purpose of reducing symptomatic manifestations of illness, rather than curing the illnesses themselves. There have been rising cases of hospice care especially amongst cancer patients, who cannot be cured of their illnesses (ACS, 2014).
Most people, even those who are terminally ill do not support the idea of being registered into a hospice facility (CAPC, 2001). The reason behind this is claim that by registering into a hospice facility, one resigns to fate since it shows that you have already given up and is preparing to die. On the other hand, there are many other facilities which also provide palliative care but do not operate as hospice facilities. For instance, palliative care can be given at the hospital or in the home with the assistance of relevant professionals (CAPC, 2014).The question remains as to whether one should invest in a hospice facility and what specific benefits this might bring both socially and economically.
The purpose of this paper is to find out the benefits of starting a hospice facility over a non-hospice facility so that entrepreneurs can make informed decisions when investing.
To achieve this purpose, some specific objectives must be achieved. The achievement of these specific objectives will culminate into an achievement of the paper’s purpose.
- To find out existing alternatives to hospice palliative care
- To Compare the benefits of both hospice and non-hospice facilities against the initial costs of investment
Research Questions and Hypotheses
To achieve these specific objectives, the researcher will be guided by the following research questions.
- What are the alternatives available to hospice care?
- What are the social and economic benefits associated with starting a hospice facility versus starting a non-hospice facility?
The proposed hypotheses that need to be confirmed include:
H1: Home based palliative care and hospital palliative care, are some of the available modes of caring for patients besides hospice care.
H2: It is more beneficial to begin a non-hospice facility such as a hospital since it incorporates many other services hence likely to bring in greater economic benefits.
Significance of the study
Once complete, the study will provide a foundation for decision making and effective options amongst potential investors in the provision of palliative care. In terms of academics, it will provide valuable information that has not been given before since most research focuses on the available alternatives to hospice care, without discussing the potential benefits of all the alternatives to palliative care. It will therefore fill an existing information gap.
In carrying out this research, a population size of approximately 200 will be used to achieve an 85 percent confidence level. This is carried out based on the assumption that there will be a 50 percent response rate. The expected margin of error is 2.5 percent. The sample population will be picked randomly from both care takers, and families of those admitted to various hospice facilities.
The phenomena of essence in this study will be: the probability that a patient or the family members may allow admission into a hospice facility versus any other palliative care facility. It is also of essence to determine the benefits that entrepreneurs report to have obtained from investing in a hospice facility.
A qualitative research will be carried out to answer the research questions. In this method, the researcher will use answers to various questions from the research questionnaires to outline the required information. This research methodology is suitable for the study since the information required matches that to be obtained from respondents- the findings shall be qualitative and of immeasurable value. In addition to this, the recommendations to be made are not dependent on statistical confirmations but on qualitative issues.
The research to be carried out will be a qualitative designed aimed at obtaining information regarding the benefits of a hospice facility to the entrepreneur. This research will be dependent on both primary and secondary data. Secondary data will be collected from books, journals, magazines, films and any other material that may be found relevant. Primary data on the other hand, will be collected through interviews with the entrepreneurs and questionnaires issued to potential customers and their families. The primary data will be collected to find the answers to the available alternatives to palliative care while the secondary data is mainly to help in citing the actual benefits of starting a hospice facility.
Regarding the first research phenomena, the data will be collected primarily through questionnaires issued to potential hospice facility customers. The main objective will be to determine their willingness to be admitted into a hospice facility. The questionnaire will be detailed giving open ended questions as well as closed questions to determine the exact attitudes of the respondents towards hospice care. On the second phenomena, a combination of secondary and primary strategies will be employed. Primary data collection will be carried out through interviews with hospice facility owners to determine the benefits associated with those facilities. Secondary data collected from articles, books, films and magazines will be used to determine potential benefits of hospice facilities to the entrepreneur and to compare these benefits to those of non-hospice facilities.
After satisfactory data collection, the researcher will be tasked with making sense out of the open ended questionnaires that depict attitudes towards palliative care given at a hospice facility. This gathered information will be interpreted to give the required information. A conclusion will be drawn based on inductive decisions from the respondents’ answers to questions. Since no statistics data is to be collected, statistical methods will be irrelevant for this analysis. Phenomenological data will provide the basis for decision making and recommendations based on the study.
American Cancer Society ACS. (2014). Hospice American Cancer Society. http://ghutdc.com/file-doctc/1cV/hospice-care-american-cancer-society.html
Canter to Advance Palliative Care CAPC. (2001). Hospital – Hospice Partnerships in Palliative Care. National Hospital and Palliative Care Organization. www.capc.org/palliative-care-across-the-continuum/hospital-hospice/
Center to Advance Palliative Care CAPC. (2014). Hospice- Hospital Palliative Care Resources. National Hospital and Palliative Care Organization. http://www.capc.org/palliative-care-across-the-continuum/hospital-hospice/