A Sample Medical Clinic and Practice Business Plan Template | ProfitableVenture

 

medical practice business plan template

Instantly Download Medical Practice Business Plan Template, Sample & Example in Microsoft Word (DOC), Google Docs, Apple Pages Format. Available in A4 & US Letter Sizes. Quickly Customize. Easily Editable & Printable. Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well. Just choose a business plan template and download it. Open it in Word or Excel (or another program that can display the DOC or XLS format), edit it, and print your personalized business plan. What do you get when you take your dedication to helping people and combine it with a good business plan? Success! Here's a collection of sample business plans for medical practices, dental offices, and clinics, that should help you on your way. These, and hundreds more sample business plans, are.


Medical Clinic Business Plan


It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:. The Medical Practice, Inc. The Company was founded in by Dr.

John Doe. Doe will render family medicine services to adults and children within the greater targeted community.

The Company will also recognize revenues from the sale of medical appliances prescribed by Dr. The third section of the business plan will further describe the services offered by the Medical Practice. The interest rate and loan agreement are to be further discussed during negotiation. The Company was founded by Dr. Doe has more than 10 years of experience as a practicing physician. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. The Founder expects that the business will aggressively expand during the first three years of operation. Doe intends to implement marketing campaigns that will effectively target individuals and families within the target market. Medical Practice, Inc.

The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used:, medical practice business plan template. Doe is not seeking an investment from a third party at this time. If the business is very successful, Dr. Doe may seek to sell the practice to a third medical practice business plan template for a significant earnings multiple.

Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Medical Practice. Based on historical numbers, the business could fetch a sales premium of up to 2 to 3 times earnings. Below is a description of the medical services offered by the Medical Practice.

The primary source of revenue for the business will be the medical services provided by Dr. Medical practice business plan template Company will offer many of the services that are common within this specialty including treatment of medial issues including high blood pressure, cholesterol, and diabetes. This part of the business will also provide work physicals, medical practice business plan template, and provide cancer screenings, heart disease screenings, and other tests normally associated with the practice of a general physician.

In the future, Dr. Doe will seek to hire additional general and pediatric physicians that will expand the practice organically through increased patient flow. These associate physicians may eventually acquire the practice from Dr. Doe upon his retirement or relocation. The practice will receive a bulk of its payments from co-pays and reimbursements from insurance companies.

The Company will also generate secondary revenues from the sale of medical appliances, prescribed by Dr, medical practice business plan template. Doe to his patients. This is a very important revenue center for the business as the Company will generate substantial gross margins from each product sold.

This section of the analysis will detail the economic climate, the medical industry, the customer profile, and the competition that the business will face as it progresses through its business operations.

Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect medical practice business plan template this recession will continue until mid, at which point the economy will begin a medical practice business plan template recovery period, medical practice business plan template.

However, Medical Practices operate with great economic stability as people will continue to require medical care despite deleterious changes in the general economy.

Within the United States there are approximatelymedical practices excluding mental health practices that comprise of one or more doctors that act in a private practice capacity. The growth of this industry has remained in lockstep with the growth of the general population. Approximately 16, doctors enter private practice each year.

In this section of the analysis, you should describe the type of customer you are seeking to acquire. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.

This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.

The Medical Practice intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market.

Below is an overview of the marketing strategies and objectives of the Medical Practice. Doe intends on using a number of marketing strategies that will allow the Medical Practice to easily target men, women, and families within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet.

Below is a description of how the business intends to market its services to the general public. The Medical Practice will also use an internet based strategy. This is very important as many people seeking local services, such as doctors, medical practice business plan template, now the Internet to conduct their preliminary searches.

Doe will register the Practice with online portals so that potential customers can easily reach the business. The Company will also develop its own online website. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the general medical services that the Company is selling. In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section.

However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page. Medical practice business plan template this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set.

For each owner or key employee, you should provide a brief biography in this section. In the event of an economic downturn, the Company will not see a major decline in revenues. Medical services are in demand regardless of the general economic climate as they are an essential service for health. Expanded Profit and Loss Statements. Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.

This free business plan demonstration purposes only. If you are interested in purchasing the completed editable MS Word and Excel documents for this business plan, please click the button below! Also, the text of the business plan is formatted with a fully automated table of contents.

Return to Samples Page It should be noted that there is no special software required to use these templates. Below is a breakdown of how these funds will be used: 2. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the general medical services that the Company is selling 5.

 

How to Write a Business Plan for a New Medical Practice | Kareo

 

medical practice business plan template

 

Jun 24,  · 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. Instantly Download Medical Practice Business Plan Template, Sample & Example in Microsoft Word (DOC), Google Docs, Apple Pages Format. Available in A4 & US Letter Sizes. Quickly Customize. Easily Editable & Printable. What do you get when you take your dedication to helping people and combine it with a good business plan? Success! Here's a collection of sample business plans for medical practices, dental offices, and clinics, that should help you on your way. These, and hundreds more sample business plans, are.