Family Medicine Clinic Business Plan

Opportunity

Problem

Obvious lack of medical services in rural areas in general. This is also applicable to XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX, the site of Park Square.

Solution

Park Square Family Medicine has one mission: to promote health and well being in the area by providing affordable, high-quality medical services for all ages. Park Square Family Medicine strives to exceed the expectations of its patients and create a profitable business.

Market

According to the “Economic and Demographic Profile Report” for the area, there is a growing demand for affordable health care in the country and the region. The population in the region is approximately 160,000 and it is expected that it will grow by 3.5% each year.

Competition

Park Square Family Medicine is part of the larger medical industry, in particular “Offices and Clinics of Medical Doctors.” Private medical practices are numerous, generally small (1 – 4 physicians) and may provide either general or specialist services. They are well-suited in rural and semirural areas that often lack sufficient population to make it feasible to have a hospital or large medical group.

There are currently five family practitioners in this town of 15,000, with 160,000 potential patients within 35 miles. These statistics make it a good place to market your marketing efforts.

Why Us?

Park Square Family Medicine aims to improve the health of the local population through providing quality, accessible medical care for people of all ages. Park Square Family Medicine strives to exceed the expectations of its patients and create a profitable business.

Expectations

Forecast

Our existing forecast shows unrealistic profits. It’s a rough estimate for planning purposes. However, we know that there will be more expenses. They always do.

Financial Highlights Year-by-Year

Financing Required

We will need a loan of $288,000. It is estimated that $225,000 of this amount will be spent on long-term asset accumulation. Rest will be used to pay for physician and startup expenses.