Strategic Analysis with current research! The Medical Practice, Inc. The Company was founded in by Dr. Doe will render family medicine services to adults and children within the greater targeted community.
Occupational, Physical, and Speech Therapy Personal Injury Case Management Sales Forecast It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field.
We have been able to critically examine the health care market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Miami — Florida.
Please note that the above projection might be lower and at the same time medical practice business plan sample might be higher. In order to achieve that, we will ensure that we offer all — round health care services at affordable prices compared to what is obtainable in Florida. We know that if we are consistent in offering high quality health care service delivery and excellent customer service, we will increase the number of our customers by more than 25 percent for the first year and then more than 40 percent subsequently.
Before choosing a location for our medical clinic and medical practice, we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice for residents of Miami Beach, Florida and other cities in the United States where our services will be available.
We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.
We hired experts who have good understanding of the hospital cum health care industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Florida.
As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the general public. On the average, hospitals and health care service providers usually leverage on the fact that a good number of their clients do not pay the service charge from their pockets; private insurance companies, Medicare and Medicaid are responsible for the payment.
In view of that, it is easier for hospitals and health care service providers to bill their clients based in their discretion. In some cases, hospitals and health care service providers also adopt the hourly billing cum per visit billing method.
It is easier and preferable for medical clinic and healthcare services providers to bill personal injury case management services by the hour as against a fixed price.
Our bank account numbers will be made available on our website and promotional materials. Startup Expenditure Budget If you are looking towards starting a medical clinic, then you should ensure that you raise enough capital to cover some of the basic expenditures that you are going to incur.
The truth is that starting this type of business does not come cheap. You would need money to secure a standard medical clinic facility, acquire medical equipment and supply, pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.
Also it is expensive to acquire a standard and well — equipped ambulance. The items listed below are the basics that we would need when starting our medical clinic in the United States, although costs might vary slightly. They are the financier of the business, but may likely welcome partners later which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.
These are the areas we intend generating our startup capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from the bank N.
All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Medical Clinic and Practice Business Plan — Sustainability and Expansion Strategy The future of a business lies in the number of loyal customers they have, the capacity and competence of their employees, their investment strategy and the business structure.
We know that one of the ways of gaining approval and winning customers over is to offer our health care services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Leasing of facility and remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In Progress Purchase of the needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress Creating Official Website for the Company: In Progress Creating Awareness for the business both online and around the community: In Progress Compilation of list of products that will be available in our pharmacy store: Completed Establishing business relationship with Private medical insurance companies, Medicare and Medicaid, vendors wholesale pharmaceutical companies:Marketing Strategy for the Medical Practice JULIE AMOR APRIL 22, essential business function where strategy is the driver of a data-driven roadmap a strategic marketing plan is essential to building a successful medical practice.
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Download samples of professional document drafts in Word .doc) and Excel .xls) format. The key to obtaining a medical loan is a thoughtful and well researched private practice business plan that demonstrates all the components your potential investor needs to know. PlanIt Business can help your medical practice stand out among the competition and acquire the loans you need by crafting a custom business plan.
Every new business needs a business plan, including a medical practice. A business plan is a roadmap to the success of your practice. It shows you where you are starting, where you want your business to be in the future, and how you plan to get there.
Park Square Family Medicine family medicine clinic business plan executive summary. Park Square Family Medicine is a start-up medical clinic. Park Square is one of several new rural clinics being opened with support from the regional hospital/5(94).
A Sample Medical Clinic and Practice Business Plan Template. Business Overview; The hospital and healthcare industry that medical clinic and practice business is a subset of, is perhaps one of the fastest growing and largest industries in the world because the wealth of .