In some industries, it is required that an organization does a needs assessment for the community.
For example, as part of the Affordable Care Act, all non-profit hospitals are required by the IRS to conduct a comprehensive Community Health Needs Assessment every three years or be subject to a large excise tax.
This infographic from CMOR offers basic information about the Community Health Needs Assessments process and requirements. CMOR is a market research company that specializes in Community Health Needs Assessments (CHNA) for hospitals nationwide.
Before launching a new program, service or product, you’re smart if you do a needs assessment. Being sure of the need in the community is a surefire recipe for success… and in the case of nonprofit hospitals, it’s an every-three-year requirement.