In a rapidly changing healthcare sector, with new models of care, new technology and new market entrants, and changing funding models, it is important to have skilled and experienced advisors with specialist healthcare knowledge.

O’Connell Advisory is recognised as the leading advisor to the public and private sector for infrastructure developments ranging from day surgeries through to tertiary referral hospitals. We are able to provide advice from the early stage market assessment for feasibility studies through to the development of detailed business cases and assisting with the securing of commercially competitive financing.

O’Connell has been involved in market assessment for new services, including reviews of population demographics, doctor coverage and competitor analysis for specific areas and services.

We have assisted Local Health Districts to:

• Update their Clinical Service Planning (CSP) projections to reflect the latest clinical best practice and,
• Assess the optimal network approach to delivering services, health service role delineations, the impact of new models of care and the potential impact of a hospital redevelopment on the other hospitals within the LHD.

We have developed both standard top-down and bottom-up models for projecting the activity and financial impact of a planned hospital development. We have produced strategic and final Financial Impact Statements (FIS) for redevelopments at some of NSW’s largest hospital developments including:

• Westmead Hospital
• Blacktown Hospital
• The Children’s Hospital at Westmead
• Goulburn Base Hospital
• Shellharbour Hospital
• Wagga Wagga Base Hospital

Numerous feasibility studies have been prepared by O’Connell for new private day surgeries and hospitals, including consultation with clinicians, preparing the business case documentation (including activity and financial projections) and funding strategies.

Members of the O’Connell team have worked for the large Australian banks in the health and aged care markets. Clients have utilised this experience to successfully obtain bank finance or refinancing on commercially competitive terms.