As a matter of fact, it is absolutely compulsory for any investor who is looking towards starting a hospital to meet extensive federal, state and local laws and regulations. These are the positions that will be available at Joan & Phil® Hospital, LLC; Chief Medical Director / Chief Executive Officer: Joan & Phil® Hospital, LLC is set to become one of the leading hospital cum healthcare service providers in Florida which is why we are willing to take our time to cross every ‘Ts’ and dot every ‘Is’ as it relates to our business. Three of the primary reasons include: A detailed plan informs and involves everyone in the organization about the campaign, when it will happen, who is responsible, and how much it will cost. ��_o���� 쀎�-� ������� 0000121124 00000 n One of a service line leader's primary responsibilities should be analyzing quality, … We will ensure that we target but self – pay customers (who do not have health insurance cover), and those who have health insurance cover. 0000116180 00000 n Vital to an organization’s future, a business plan is a framework outlining the steps for financial and operational success. Outpatient care 3. Enter into business partnership with health management organizations, government agencies and health insurance companies. Starting any business venture without a business plan is inviting disaster. The truth is that, the demand for hospital cum health care services has steadily grown over the last five years, as healthcare reform legislation broadened insurance coverage and the plummeting unemployment rate increased disposable income. Basically, a healthcare provider is a health professional such as nurse or doctor et al or an establishment such as a hospital or a medical clinic or a healthcare center / facility that provides preventive, curative, promotional, rehabilitative or palliative healthcare / medical services in a systematic way to individuals, families or communities. Using Internal and External Data to Understand Your Financial and Market Position ... market share by service line include state hospital associations, Medicare claims data or others This could include curative, preventive, convalescent, or even palliative services to one’s health. The health industry is usually highly regulated so as to guide against the infiltration of quacks or substandard hospital or health facilities. Place adverts on both print (community based newspapers and magazines) and electronic media platforms, Sponsor relevant community health programs, Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand. In turn, physicians may be unaware of the large-scale mission that the hospital is trying to achieve. 0000007097 00000 n The hospital industry has recently begun consolidating, largely due to the pressures of healthcare reform. 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 any nation depends on the health of the nation. 0000109044 00000 n 0000010597 00000 n The shift from fee-for-service to value-based reimbursement in healthcare has created a potentially catastrophic squeeze on hospital margins. 0000007950 00000 n It is a fact that economic downturn affects purchasing power. 1. Hospital leaders can choose from a broad landscape of service lines, but a few key concepts should be weighed in this decision, according to Mr. Gosar. 0000119900 00000 n Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Serves as internal auditor for Joan & Phil® Hospital, LLC. Furthermore, a payment system that levies a financial penalty on hospitals unable to achieve the required patient satisfaction scores may put them in a … Just like any other business, one of the major threats that we are likely going to face is economic downturn and unfavorable government policies (healthcare reform). Joan & Phil® Hospital, LLC has a long term plan of opening of hospital in key cities around Florida which is why we will deliberately build our brand to be well accepted in Miami Beach before venturing out. As a matter of fact, experts projected that the healthcare share of the GDP of the United States will continue to grow, reaching 19.6 percent of GDP by 2016. Starting a hospital is one of those businesses that require you to first look at the existing laws in the country or the State you reside, before going all out to start the business. Joan & Phil® Hospital, LLC is a family business that is owned and managed by Dr. Marvin Clarkson and his wife Joan Clarkson (Nurse). 0000018036 00000 n 0000124747 00000 n The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. Veralon is uniquely qualified to help you reach success in service line planning as our experience is at the intersection of strategy, payment models and transaction support. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. Sample Business Plan Employee Wellness Program for (location) VA Hospital . 0000113381 00000 n The hospital cum health care industry is indeed a thriving and dynamic industry; with the aid of technology, it is becoming easier to treat, manage and cure some ailments that before now are not easy to handle. Our hospital facility is well positioned (centrally positioned) and visible, we have enough parking space with good security. Service line management provides a vehicle to focus the attention of multiple discrete departments into a singular clinical program that can achieve higher levels of performance in three distinct areas: Improving the patient’s experience of care. For many hospitals, this process has occurred at five-year intervals tied to strategic planning efforts. 0000012209 00000 n Install our Bill Boards on strategic locations all around Miami Beach Florida. 0000003991 00000 n Even though our Chief Medical Director (owner) has a robust experience in health management services, public health and medical research, we still went ahead to hire the services of business consultants that are specialized in setting up new businesses to help our organization conduct detailed SWOT analysis and to also provide professional support in helping us structure our business to indeed become a leader in the hospital / healthcare industry. Joan & Phil® Hospital, LCC is in business to service a wide range of customers in Miami Beach, Florida – United States of America and other cities such as Green – acres City, Miami, Jacksonville, Clearwater, Tampa, Fort Lauderdale, North Miami, West Palm Beach, Palm Harbor, Deltona, Orlando, Palm Bay and Panama City et al. 0000015180 00000 n Organizational Assessment 5. Occupational, Physical, and Speech Therapy 8. Performs cash management, general ledger accounting, and financial reporting for one or more properties. We must ensure that we follow due process in setting up the business. To be highly competitive in the hospital cum healthcare industry means that you should be able to deliver consistent quality patient service and should be able to meet the expectations of your patients at all time; they should experience improvement in their health when they patronize your hospital. We have been able to acquire a standard facility that is highly suitable for the kind of hospital business we want to operate. If you are interested in starting up a healthcare consulting business, then here is a healthcare/medical business plan sample. 0000109148 00000 n Please note that this amount includes the salaries of all the staff for the first month of operation. HOSPITAL BUSINESS PLAN SAMPLE TEMPLATE Hospital Location. The truth is that starting this type of business does not come cheap. We have enough trained health workers that are ready to run a shift system. to ensure accurate and helpful information is supplied to clients when they make enquiries, Responsible for cleaning the hospital facility at all times, Ensure that toiletries and supplies don’t run out of stock, Cleans both the interior and exterior of the hospital facility. They do not intend to welcome any external business partners, which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources. It is therefore in place to say that when one has a sound health, one can be of optimum relevance to the society. Line is so because best is hardly any country service does business pay serious attention on their health sector. The opportunities that are available to hospitals cum healthcare services providers are unlimited considering the fact that hospital is not only meant for those who are sick and need treatment; people who are not sick may be required to conduct routine medical checkups from time to time and we are going to position our hospital to make the best out of the opportunities that will be available to us in Florida. In many ways, the hospital business plan is similar to a standard business plan. The fact that we are going to open our doors to a wide range of customers does not in any way stop us from abiding by the rules and regulations governing the hospital cum health care industry in the United States. Background 4. This goes to show that the health care industry is indeed one of the largest segments of the workforce of any nation. 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. Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500). Attend to high profile clients and severe medical cases, Responsible for fixing prices and signing business deals, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for providing professional medical services to our patients, Responsible for offering occupational, physical, and speech therapy. Position your hospital and medical staff as one strategic unit, improving your ability to market to and negotiate with managed care organizations. There are about 3,184 registered and licensed hospital businesses in the United States and they are responsible for employing about 5,513,669 people that comprises of doctors, nurses, pharmacists, dentist, opticians, surgeons and other health and non – health workers. Resources . Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $300,000, The cost for Start-up inventory (stocking with a wide range of products) – $150,000, Storage hardware (bins, rack, shelves,) – $3,720, Cost for Nurse and Drugs Supplies (Injections, Bandages, Scissors, et al)- $3,000, Cost of purchase of ambulance and other vehicles : $100,000. As a matter of fact, they are some of the best hands in the whole of Miami Florida. As an investor in the hospital cum health care industry, in order to maintain an advantaged position in this competitive industry, you should source for the most skilled and specialized healthcare professionals. Another threat that may likely confront us is the arrival of a new and bigger / well established hospital or healthcare brand in same location where our hospital is located. We know that if we are consistent with 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. Our services will be carried out by highly trained professionals (doctors, dentist, surgeons, opticians, nurses, nurse’s aides, chiropractors, medication management counselors, physical therapists and other health and non – health workers) who know what it takes to give our highly esteemed customers value for their money. j�6d��9\��~��(��1CZ�3 �PS�m�Á��%`-����~���L�ώ��^a�L{���XN� ���=�\i����Z����Pb�2��=YɁ.�ۀ�)�2��� There is indeed a very large market for hospital (healthcare service) providers in the united states and of course in most parts of the world. Responsible for offering medication management services, Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones, Model demographic information and analyze the volumes of transactional data generated by customer. VA/VHA Employee Health Promotion Disease Prevention Guidebook, July 2011 Enclosure 12 The Medical Group (TMG) has been formed to offer management services to doctors in the ever-changing healthcare environment. 0000121878 00000 n Okay, so we have considered all the requirements for starting a hospital. Joan & Phil® Hospital, LCC is coming into the market well prepared to favorably compete in the industry. Responsible for managing the daily activities in the company (dispensary store), providing advice about health issues, symptoms and medications in response to customer enquiries, Responsible for recruiting, training and managing staff, Responsible for processing prescriptions and dispensing medication, Responsible for ordering, selling and controlling medicines and other stock, Responsible for meeting medical representatives, Responsible for managing the organizations’ budgets, Responsible for keeping statistical and financial records, Responsible for preparing publicity materials and displays, Interfaces with third – party providers (vendors). In general, hospitals maintain inpatient beds and usually provide other services such as outpatient services, operating room services and pharmacy services. Home » Business ideas » Healthcare & Medical » Hospital & Clinic ». Executive Summary 2. Our employees are well trained and qualified to handle the wide range of health care services. Improving the health of patients. One thing about this industry is that labor costs is on the high side. These are the areas Joan & Phil® Hospital; LLC intends to generate our start – up capital; N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $1M from our bank. Very vital information such as the vision, mission, marketing plans, legal documents, as well as many other things will be looked in a business plan. 0000111363 00000 n trailer <]>> startxref 0 %%EOF 168 0 obj <>stream Target Market Analysis 7. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Miami – Florida. Below is the sales projection for Joan & Phil® Hospital, LLC it is based on the location of our hospital and of course the wide range of our services and target market; N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. The first section that will appear in your business plan is the executive summary. 0000016590 00000 n Responsible for handling medical emergencies. For instance, the World Health Organization (W.H.O) estimated that there are about 9.2 million physicians, 19.4 million nurses and midwives, 1.9 million dentists and other dentistry personnel, 2.6 million pharmacists and other pharmaceutical personnel, and over 1.3 million community health workers worldwide. Regulations also involve maintaining adequate records, preventing fires, setting rates and complying with building codes and environmental protection laws. Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the creative director in an effective and timely manner, Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. Through focused collaboration and innovation, Las Vegas and all of Nevada can and will be a healthcare change agent. Starting a hospital is one of those businesses that require you to first look at the existing laws in the country hospital the Plan planning reside, before going all out to template the business. Joan & Phil® Hospital LLC will ensure that we do all we can to maximize the business by generating income from every legal means within the scope of our industry. Joan & Phil® Hospital, LLC is in business is to establish a first class hospital that will take care of both highly placed clients and lowly placed clients as long as they can afford our services. Analyzing data. When hiring, we will look out for applicants that are not just qualified and experienced, but honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). Joan & Phil® Hospital, LLC will operate a 24 hours 7 days a week healthcare service; our hospital will be opened round the clock to attend to clients (patients). 0000001858 00000 n We also took it further by analyzing and drafting a sample healthcare service marketing plan template backed up by actionable guerrilla marketing ideas for hospitals. Cost for hiring Business Consultant – $2,500. One healthcare business that is focus here is the hospital business. Sources of IncomeJoan & Phil® Hospital LLC will ensure that we do all we can to maximize the business by generating income from every legal means within the scope of our industry. 0000119212 00000 n In order to achieve that, we will ensure that we offer top notch all – round health care services at affordable prices compare to what is obtainable in Florida. Executive summaries are short—keep it to one to two pages. It might no longer be new to you that health is indeed wealth. Describe and Compare . These are the health care services that Joan & Phil® Hospital, LLC will be offering; Joan & Phil® Hospital, LLC is a business that will be built on a solid foundation. The whole residents within the area where our hospital is located, Corporate organizations such as banks, insurance companies, manufacturing companies, oil and gas companies et al, Introduce our business by sending introductory letters to residence, business owners and corporate organizations, Advertise our hospital in community based newspapers, local TV and local radio stations, List our hospital on yellow pages ads (local directories), Leverage on the internet to promote our hospital, Leverage on word of mouth marketing (referrals). Table of Contents . 0000011093 00000 n Chief Medical Director / Chief Executive Officer, Responsible for providing direction for the business. service line P&Ls) Clinical team orientation Clinician outreach and access Sales oriented staff Adequate budget and dedicated resources Congrats on your plan to start or grow your business. 0000113097 00000 n 0000135002 00000 n Our organizations’ corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base grows. Read this article for a health professional's guide to writing a business plan. 118 0 obj <> endobj xref 118 51 0000000016 00000 n Cost for hospital remodeling (construction of racks and shelves) – $20,000. The truth is that, the barriers to entry in the Hospitals industry are high and this is due to the significant regulatory requirements and the experience and strength of incumbents. 1. What are the Best Type of Fans That Prepare You for Skydiving? We have a standard medical call center that is manned by trained health workers. Critical Success Factors for Clinical Service Lines: Line management structure and responsibilities System support at all levels (e.g. 0000113741 00000 n For example, it is easier and preferable for hospitals and healthcare services providers to bill personal injury case management services by the hour as against a fixed price. One of our major goals of starting Joan & Phil® Hospital, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. 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. Contact SMI Group today to discuss your Operating Room business planning needs. Operating room services 7. Joan & Phil® Hospital, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. As a matter of fact, the healthcare industry is known to gulp well over 10 percent of gross domestic product (GDP) of most developed countries. This is the summary of the SWOT analysis that was conducted for Joan & Phil® Hospital, LLC; Our strength lies in the fact that we have a team of well qualified professionals manning various job positions in our hospital. Payment via online bank transfer (online payment portal). The marketing and sales strategy of Joan & Phil® Hospital, LLC will be based on generating long-term personalized relationships with customers. Clinical laboratory services 6. 0000111082 00000 n Three Distinct Goals of Service Line Management. 0000126784 00000 n 0000005468 00000 n Joan & Phil® Hospital, LLC is in the hospital industry to provide health care services such as Inpatient care, Outpatient care, Anatomical pathology services, Diagnostic X-ray services, Clinical laboratory services, Operating room services and other medical services. We will also ensure that in the line of carrying out our duty, we comply with the laws and health regulations in Florida and The United States of America. Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy, Responsible for handling business research, market surveys and feasibility studies for clients, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develop, execute and evaluate new plans for expanding increase sales, Create new markets cum businesses for the organization, Empower and motivates the sales team to meet and surpass agreed targets, Handles e-commerce aspect of the business, Responsible for installing and maintenance of computer software and hardware for the organization, Manage logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems, Manage the organization’s CRM software application. Why Start a Hospital or Healthcare Center? Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $3,400. Occupational, Physical, and Speech Therapy, Our vision is to become the number one choice when it comes to healthcare service delivery in the whole of Florida and also to be amongst the top 20 (. Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups hospitals cum health care service providers in the United States) in the industry. The Medical Group Executive Summary . Are you about starting a hospital/healthcare center? �N��,��9–�U��k�ԤV� Joan & Phil® Hospital, LLC is a standard, licensed and certified hospital service provider that will be located in the heart of Miami Beach, Florida – United States of America. Our work force is going to be well trained to operate within the framework of our organization’s corporate culture and also to meet the needs of all our customers. The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, tables and chairs et al): $4,000. Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries. services to help you. 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. 0000121387 00000 n Industry profitability has generally risen over the past five years due to increases in service prices. 0000010905 00000 n Cost for Computer Software (Accounting Software, Payroll Software, CRM Software, Microsoft Office, QuickBooks Pro, drug interaction software, Physician Desk Reference software) – $7,000. Includes an executive summary, company overview, market analysis, financial plan , and more. Copyright © 2020 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. A reminder that as a U.S. Small Business Administration program, our SBDC services are provided at no-cost and they are confidential, personalized and in-depth.
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