1998Practice founded3,969Feasibility studies1,283SBA studies823USDA studies$41.2BProject value evaluatedSince 1982Institutional underwritingMAI · ASAIn-house valuation designations
Wert-Berater, Inc.
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Service Line · Reports Delivered in 3–5 Business Days

Custom Hospital and ASC Market Reports

Select your facility type and geography — a county, multiple counties, a state, or a multi-state market. Wert-Berater prepares a customized market report using hospital financial, operational, facility, ownership, demographic, and development data, delivered within 3–5 business days.

Build and Price My Report View a Sample Report Request a Feasibility Study
Independent analysis since 1998More than 4,000 feasibility studiesExperience across all 50 statesMore than $40 billion in evaluated project value
Watch: a short video overview — Custom Hospital & ASC Market Reports

Market intelligence before you commit capital

Before a health system, developer, physician group, lender, or investor commits to a new facility, an expansion, or an acquisition, one question comes first: what does this market actually look like? These reports answer it — facility by facility, county by county — with the same independent, source-cited discipline behind every Wert-Berater feasibility study.

Every report covers the facility types you select — general acute-care, critical access, rural, children’s, psychiatric, rehabilitation, and long-term acute-care hospitals, plus ambulatory surgery centers — and analyzes facility inventory, ownership and health-system affiliation, beds and operating-room capacity, financial and operational performance, openings, closures and expansions, demographic demand, competitive concentration, and market gaps.

Flagship Sample

Palm Beach County Ambulatory Surgery Center Market 2026

See the depth of analysis a Wert-Berater market study delivers: 41 identified facilities, hospital financial performance, service gaps, and the most supportable opportunities for new centers, expansions, acquisitions, and physician-aligned joint ventures.

Read the Sample Analysis →
Statewide Sample

Texas Hospital Market 2026: Where New Hospital Construction Actually Pencils

A statewide hospital study in action: capacity and utilization, ownership structure, margin signals, the active construction pipeline, facility comps — and the ten Texas corridors where new hospital construction scores best.

Read the Texas Analysis →
County Deep-Dive Sample

Dallas County Inpatient Rehabilitation Market 2026

A county rehabilitation-hospital study in action: four freestanding facilities benchmarked on beds, occupancy, operating margins, case mix, and payment per case — plus the Medicare Advantage shift, patient-origin territories, and where expansions and new facilities look most supportable.

Read the Dallas Analysis →
County Deep-Dive Sample

Los Angeles County’s 21 Medicare “Rural Referral Center” Hospitals (2026)

A designation-focused county study in action: 21 urban hospitals — Cedars-Sinai, Ronald Reagan UCLA, five Kaiser medical centers — holding a Medicare payment status created for rural hospitals, benchmarked on beds, utilization, operating margins, net income, 340B eligibility, and what the reclassification strategy means for developers and lenders.

Read the Los Angeles Analysis →
County Deep-Dive Sample

Cuyahoga County Hospital Market 2026

A three-system county study in action: 14 Medicare-reporting acute care hospitals — Cleveland Clinic, University Hospitals, MetroHealth — benchmarked on beds, discharges, occupancy, operating margins, and net income, with the market’s $2.4 billion aggregate operating loss decoded and the “rural”-classified urban hospitals, 340B participation, and safety-net economics explained for developers and lenders.

Read the Cleveland Analysis →

Report packages

Seven fixed-fee packages, from a single-county screening to a multi-state strategic study. Every package can be extended in the report builder below with additional counties, states, facility types, and analysis modules.

County Market Snapshot

$1,950
10–15 pages · PDF
  • One county, one facility type
  • Facility inventory
  • Ownership & system affiliation
  • Beds or operating-room capacity
  • Selected financial & operational metrics
  • Recent openings, closures & expansions
  • Basic demographic & demand indicators
  • Preliminary market observations
Build This Report

Multi-County Regional Report

$5,950
35–60 pages · PDF + Excel schedules
  • Up to five contiguous counties
  • Up to three facility types
  • County-by-county comparisons
  • Facility concentration
  • Financial & operational benchmarking
  • Closures, expansions & new development
  • Demographic demand
  • Competitive market structure
  • Market-attractiveness ranking
  • Preliminary opportunity analysis
Build This Report

State Market Report

$6,950
PDF + Excel schedules
  • One state, one facility type
  • Statewide facility inventory
  • County-level comparisons
  • Health-system ownership
  • Financial & operational performance
  • Capacity & utilization
  • Openings, closures & expansions
  • Rural vs. metropolitan comparisons
  • Demographic demand
  • County opportunity rankings
Build This Report

State Multi-Type Report

$8,950
PDF + Excel schedules
  • One state, up to five facility types
  • Facility-type comparisons
  • County-level benchmarking
  • Financial & operational trends
  • Ownership concentration
  • Capacity & utilization
  • Development & closure activity
  • Market gaps
  • Priority counties for further study
Build This Report

Multi-State Market Report

$9,950 starting at
PDF + Excel schedules
  • Up to three states, one facility type
  • State & county comparisons
  • Facility inventory
  • Financial & operational benchmarking
  • Ownership & system concentration
  • Openings, closures & expansions
  • Market-attractiveness rankings
  • Development opportunity screening
Build This Report

Strategic Opportunity Report

$14,950 starting at
For developers, investors, systems, lenders & physician groups
  • Custom geography, multiple facility types
  • Ranked development or acquisition markets
  • Competitive vulnerability analysis
  • Financial-performance outliers
  • Capacity & utilization gaps
  • Openings, closures & expansion pipeline
  • Demographic & demand analysis
  • Location screening
  • Acquisition-vs.-development considerations
  • Executive recommendations & presentation
  • Up to two revision rounds
Build This Report

Optional services

Extend any report with project-level modeling, secure online delivery, or ongoing monitoring. Each can be added in the report builder below.

Project Excel Modeling

$2,500 with any report
Standalone engagement from $5,000 · editable Excel workbook
  • Editable pro forma financial model
  • Revenue, staffing & operating-expense assumptions you can adjust
  • Debt service & returns calculations
  • Scenario-ready inputs for lenders & investors
  • Built to your project and market
Add to Your Report

Online Portal Access

$2,500 per report
Your living feasibility study · secure online delivery · single organization
  • The complete study online — full analysis, tables, narrative, grids & maps
  • A living study — when model assumptions are adjusted & uploaded, outcomes & analysis update in real time
  • Far more than a static pitch deck
  • Report & data files delivered in a secure client portal
  • Access for your team, managed by you
  • Message Wert-Berater directly from the portal
  • Files retained online for ongoing reference
Add to Your Report

Project Monitoring

Quoted by scope
Recurring service · cadence set to your project
  • Ongoing tracking of your market & competitors
  • Periodic update reporting
  • Openings, closures & expansion alerts
  • Scope & frequency tailored to your project
Add to Your Report

Build and price your report

Configure your report below. The estimate updates live; no payment is collected online. Wert-Berater confirms the scope and final fee, issues an invoice, and begins work after payment and receipt of the completed project questionnaire.

Interactive Report Builder

Six quick steps — package, facilities, geography, analyses, options, and your contact details.

1

Choose your base package

Each package includes a set number of counties or states and facility types; anything beyond is added automatically in step 2 and 3.
2

Select facility types

Included in your package: 1. Each additional facility type adds $750.
Hospitals
Outpatient Facilities
3

Define your geography

Additional counties add $500 each; additional states add $1,500 each (beyond your package’s allowance).
4

Add analysis modules

Core modules (facility inventory, ownership & system affiliation, capacity & utilization, demographic demand, competitive concentration, market gaps and development opportunities) are already included per your package. Deepen the analysis with these add-ons:
$1,500 per service line (e.g., orthopedics, GI, ophthalmology, cardiology)
Project Excel modeling is also available as a standalone engagement — no market report required — starting at $5,000. Request a fee quote.
5

Delivery, licensing & exclusivity

Standard delivery is 3–5 business days with a single-user license.
6

How will you use this report?

This helps Wert-Berater customize the analysis to your decision.
Itemized Estimate
Estimated Total
$1,950
Estimate only — Wert-Berater confirms final scope and fee by invoice before work begins. No payment is collected online.
Apply your report purchase toward a feasibility study. Fifty percent of the market-report purchase price, up to $5,000, may be credited toward a full Wert-Berater feasibility study commissioned within 60 days.
Indicate your preferred method — Wert-Berater will issue an invoice with payment instructions for it. No payment is collected online.
You will receive scope confirmation and an invoice payable by credit card, wire, or ACH — no payment now.

Order received — thank you.

Wert-Berater will confirm your report scope and final fee, send the project questionnaire, and issue an invoice payable by your selected method (credit card, wire, or ACH) — usually within one business day. Delivery begins after payment and receipt of the completed questionnaire. Questions now? Call +1 310-857-2443 ext. 800.

From market report to financed project

The market report is the entry point. When the market supports a project, the same firm carries the analysis all the way to a lender-reliance feasibility study — and your report fee works like a deposit: 50% of it, up to $5,000, credits toward a feasibility study commissioned within 60 days.

ServicePurposeStarting Fee
County Market SnapshotInitial market screening$1,950
Full Market ReportFinancial, operational & competitive intelligence$3,950–$14,950
Feasibility Readiness AssessmentPreliminary go-or-no-go analysis$9,500–$15,000
Independent Feasibility StudyLender, investor, or agency reliance$18,500–$75,000+

Feasibility studies start at: ambulatory surgery center $18,500 · rehabilitation hospital $25,000 · psychiatric hospital $25,000 · long-term acute-care hospital $30,000 · critical access or rural hospital $30,000 · children’s hospital $40,000 · general acute-care hospital $40,000 · multi-facility or multi-state engagement $50,000+.

Report terms

  • Delivery begins after payment and receipt of the completed project questionnaire.
  • Standard delivery is 3–5 business days.
  • Reports use the most recently available financial, operational, demographic, and facility data; every report states its effective data date.
  • One factual-correction round is included. Material scope changes require an additional fee.
  • Single-user reports may not be redistributed; five-user and enterprise licenses are available.
  • A market report is not an appraisal, legal opinion, investment recommendation, or lender-reliance feasibility study; a separate engagement is required for a formal feasibility conclusion.
  • Data sources, methodology, and known limitations are disclosed in every report.
  • Conclusions remain independent and are not modified to support a predetermined result.

Frequently asked questions

How quickly is a hospital or ASC market report delivered?
Standard delivery is 3–5 business days after payment and receipt of the completed project questionnaire. Two-business-day rush delivery is available for a 35% surcharge.
What data goes into each market report?
Reports are built from hospital and ASC financial, operational, facility, ownership, demographic, and development data using the most recently available sources. Every report states its effective data date, and data sources, methodology, and known limitations are disclosed.
Is a market report the same as a feasibility study?
No. A market report is not an appraisal, legal opinion, investment recommendation, or lender-reliance feasibility study. A separate engagement is required for a formal feasibility conclusion — and 50% of your report purchase price, up to $5,000, may be credited toward a full Wert-Berater feasibility study commissioned within 60 days.
Which geographies can be covered?
A single county, multiple counties, a multi-county region, one state, up to three states or more, a custom service area, a radius-based market, or a drive-time market.
How do I pay for a report?
By credit card, wire transfer, or ACH — indicate your preferred method in the report builder. No payment is collected online: Wert-Berater confirms the scope and final fee, issues an invoice payable by your selected method, and begins work after payment and receipt of the completed project questionnaire.
Can my whole team use the report?
Standard reports carry a single-user license and may not be redistributed. A five-user organizational license ($1,000) and an enterprise license ($2,500) are available in the report builder.
A market report is an independent research product. It is not an appraisal, legal opinion, investment recommendation, or lender-reliance feasibility study. Estimated pricing shown by the report builder is indicative; Wert-Berater confirms the final scope and fee before any invoice is issued.

What Custom Hospital and ASC Market Reports Cover: Scope and Deliverables

A custom hospital and ASC market report is built around the specific service lines, payer mix, and competitive geography of the subject facility—not around a generic healthcare template. The engagement begins with a defined catchment area, which may be a single county, a multi-county region, a state, or a multi-state corridor, depending on where the facility realistically draws patients. Every deliverable is calibrated to that geography and to the reimbursement environment the facility actually operates in.

  • Utilization analysis by CPT code category and surgical specialty, benchmarked against the facility’s proposed or existing case mix
  • Payer-mix projection covering Medicare, Medicaid, commercial insurance, and self-pay, with separate reimbursement rate assumptions for each
  • Competitive supply inventory identifying licensed hospitals, hospital outpatient departments, and freestanding ASCs within the defined market area
  • Physician alignment assessment addressing admitting privileges, medical-directorship arrangements, and referral-pattern stability
  • Ten-year pro forma with procedure volume, net revenue per case, and operating expense build-up by cost center
  • Sensitivity analysis at plus-or-minus 5, 10, and 15 percent on volume and reimbursement simultaneously
  • Explicit statement of conditions identifying the assumptions on which the favorable or unfavorable determination rests

The bound narrative and the fully linked Excel workbook are delivered together so that a credit officer can read the logic and then stress any single input without breaking the model.

How the Demand Analysis Is Built for Hospital and ASC Market Reports

Demand for surgical and inpatient services is not derived from a single database. It is triangulated across several independent source types so that no single data set drives the conclusion.

Population and age-cohort data from federal census products establish the residential base. Age-adjusted procedure rates from Medicare claims data and state all-payer claims databases—where the relevant state publishes them—translate that population into expected annual utilization by service line. State health department licensure registries and certificate-of-need filings, where applicable, identify every licensed facility operating or approved within the catchment area. Hospital cost reports filed with CMS provide a public-record view of competitor volume, staffing ratios, and payer mix that is independent of any marketing claim a competitor might make.

Physician supply is assessed through state medical board licensure data and specialty-society workforce reports, because ASC volume is a direct function of the active surgical caseload of the physicians who hold or will hold privileges at the facility. Drive-time and road-network analysis defines realistic patient shed boundaries more precisely than radius rings, particularly in markets where a highway interchange or a mountain range distorts straight-line distance. Where a facility is in development, certificate-of-need application records and state health planning documents are reviewed to identify approved but not-yet-operational competitors that would affect future market share.

The Assumptions That Decide the Outcome in Custom Hospital and ASC Market Reports

Coverage ratios for hospital and ASC projects are sensitive to a small number of inputs that interact with each other. Identifying those inputs, stating them explicitly, and testing them systematically is the analytical work that separates a credible study from a projection dressed as analysis.

  • Net revenue per case by payer: Commercial reimbursement rates vary materially by contract and by procedure code; the model uses the facility’s executed contracts where available, and published fee schedule relationships where contracts are not yet in place, with a downside case reflecting rate compression at renewal
  • Annual case volume ramp: New ASCs and new service lines at existing hospitals do not open at stabilized utilization; the ramp period, typically expressed in months to reach a defined occupancy of available OR time, is tested at base, slow, and accelerated scenarios
  • Payer-mix shift: A movement of even a few percentage points from commercial to Medicare or Medicaid reimbursement has an outsized effect on net revenue per case; the sensitivity table isolates this variable independently
  • Physician recruitment and retention: Volume projections tied to a small number of high-volume surgeons carry concentration risk; the model flags cases where the top two or three physicians represent a disproportionate share of projected revenue
  • Operating cost per case: Implant and supply costs for orthopedic and spine cases are tested separately from general surgical supply costs because the variance is large enough to move coverage

What Lenders and Agencies Look for When Reviewing Hospital and ASC Feasibility Studies

SBA 7(a) and 504 lenders reviewing a hospital or ASC engagement apply SOP 50 10 8, which requires demonstrated operating coverage of at least 1.15x and global coverage of at least 1.00x. For this asset class, the SBA reviewer will look closely at whether revenue projections are supported by executed payer contracts or by a documented relationship to published fee schedules, and whether physician commitment is evidenced by signed letters of intent or privilege agreements rather than informal assurances. A study prepared to SOP 50 10 8 addresses those questions directly in the narrative.

USDA Business & Industry and Community Facilities programs are relevant for rural critical-access hospitals and rural ASCs. Under RD Staff Instruction 5001, the study must demonstrate that the community has a genuine need for the service—a standard that requires the utilization and competitive-supply analysis to be geographically specific, not imported from a national average. The community-benefit and access-to-care dimensions of the project are documented alongside the financial projections.

Conventional lenders typically require 1.20x coverage and place particular weight on the stability of the payer mix and the term of physician employment or professional-services agreements. For hospital projects, lenders also examine the relationship between the subject facility and any affiliated health system, because management fees, shared-service allocations, and intercompany transfers can materially affect the standalone coverage ratio that secures the loan.

Cost, Timeline, and How a Custom Hospital or ASC Market Report Engagement Runs

The fixed fee for a custom hospital and ASC market report is quoted within one business day of receiving the project description and the defined geographic scope. The fee does not change based on the finding, and no portion of it is contingent on a favorable determination. Packages begin at $1,950, with pricing reflecting the number of counties or states in the defined market area, the number of service lines analyzed, and whether the engagement is a new-development study or a refinance of an operating facility.

The engagement opens when the client submits a complete data room. For an operating facility, that means three years of historical financial statements, the current fee schedule and executed payer contracts, an OR utilization log by procedure category, and the current medical staff roster with specialty designations. For a development project, it means the pro forma assumptions, the executed or draft physician agreements, and the certificate-of-need approval or exemption documentation where applicable. Missing items in the data room are identified within one business day so the timeline does not drift.

Standard delivery is ten to fifteen business days from a complete data room. Rush delivery is available. Upon delivery, the fully linked Excel workbook is published to a secure client portal where it remains live: a reviewer can change any input—volume, reimbursement rate, staffing cost—and the coverage ratios recalculate instantly. The portal also holds the bound narrative, the sensitivity tables, and the explicit statement of conditions.

Schedule a Zoom
Talk the project through with the analyst who would run it. Fixed fee quoted in one business day; delivery in 10–15 business days.
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