Product Description
Buxton’s existing facilities assessment provides insights into how your facilities are performing and where further investment is likely to yield results. We use your existing site selection model to score the facilities included in your model sample set and then compare the score to actual performance. The comparison organizes your facilities into four groups that can help you identify where to maintain, invest, close/relocate, or study further.
The existing facilities assessment is a standard deliverable for every model that you purchase. If you have purchased multiple models for various service lines and wish to conduct an assessment for each, Buxton will combine the results into a single table to help you quickly optimize the service lines offered by facility.
OUTPUT & UTILIZATION
The final deliverable is a PowerPoint chart and Excel table showing how each scored facility’s actual performance compares to its predicted performance. Facilities fall into one of four grids:
- High Performance/High Score: Your real estate team’s goal should be to find more sites just like these, and operations should replicate the best practices of these facilities at other locations.
- Low Performance/High Score: These facilities are performing below predicted levels. They are in the right trade area, but may require further investment to reach their potential. Remodeling, operational changes, and localized marketing are options.
- High Performance/Low Score: Outperforming expectations, these facilities are anomalies that should be studied further.
- Low Performance/Low Score: These facilities don’t have much potential, which is confirmed by actual performance. They should be evaluated for relocation or closure.
DATA REQUIREMENTS
You provide: Most current facility performance data
Buxton provides: Current site selection model
IMPLEMENTATION
Existing facilities assessments require a completed Buxton site selection model in order to conduct the assessment.