You are the chief executive officer (CEO) of an acute-care hospital. The governing board has expressed interest in adding a new service line, a twenty-bed geriatric psychiatric unit. This unit would be constructed in an existing vacant space within the hospital.

Compose a preliminary market analysis for a geriatric psychiatric unit. Your primary focus for this project is to research credible sources for data that should be used in creating an evidence-based analysis. This analysis will then be used to determine the need and potential success or failure of the new service line.

Assume the unit will maintain a census of twenty patients per day. The market analysis must include the following data:

• Population of the service area that will be required to support the new service line
• Satisfaction of geriatric psychiatric patients in other similar organizations
• Profits in other similar service lines
• Requirements and costs for staffing the unit

*Please provide references, including the links if possible. Thank you so much for all of your hard work and effort :)