Family Medicine Clinic Business Plan
Opportunity
Problem
In rural areas, there is an obvious lack of medical services. This is also applicable to XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX, the site of Park Square.
Solution
Park Square Family Medicine aims to improve the health of the community through providing quality, accessible healthcare for all ages. Park Square Family Medicine will strive to provide services that exceed the expectations and make our business profitable.
Market
According to the local area « Economic and Demographic Profile Report, » there is an increasing demand for cost-effective health care in the nation and in our region. Particularly, the area’s population is forecast to increase by 3.5% per annum and will eventually reach 160,000.
Concurrence
Park Square Family Medicine is part of the larger medical industry, in particular « Offices and Clinics of Medical Doctors. » Private medical practices can provide specialist or general services. They are usually small (1 –, 4 doctors). They are well-suited for semi-rural and rural areas that do not have enough people to justify a hospital or a larger medical group.
There are currently five family practitioners in this town of 15,000, with 160,000 potential patients within 35 miles. These numbers make for a favorable marketing strategy because of the excellent patient-to–doctor ratio.
Why Us
The mission of Park Square Family Medicine is to promote the health and well-being of the local population by providing accessible, high-quality medical care for people of all ages. Park Square Family Medicine is determined to deliver services that surpass the expectations of patients. The result will be a profitable business.
Expectations
Forecast
Our current forecast shows that we are not making realistic profits. It’s a rough estimate for planning purposes. However, we know that there will be more expenses. They always do.
Financial Highlights per Year
Financing Required
We will need $288,000. A total of $225,000 will go towards accumulating long-term assets. Rest will be used to pay for physician and startup expenses.