Business Plan Presentation
Bringing everything together in a business plan is important to get an overall picture of the potential for success for a new organization. To understand each aspect of the new business, the SWOT analysis, the demographics of the area, the needs and requirements for equipment and technologies, as well as information on quality management and finally, the recommendations for the business, must be reviewed. It is important to review this information and ensure that the proper research has been done and is accurate.
Approximately 80,000 people in regional market
90% of residents possess a high school degree with over 50% having some college experience
Median income is over $59,000
Commercial, Medicare and Medicaid make up the highest portions of the payer mix
Data shows that upgraded facilities, high quality scores, and convenience draws customer attention.
Located about 20 minutes north of the current hospital location.
Requires $30,000 in renovations.
1,800 square feet at $3,000 per month. Utilities not included
Located 30 minutes south of current hospital location.
Requires $35,000 in renovations.
5,000 square feet at $6,500 per month. Utilities not located.
Strong management model
Accredited by the Joint Commission
Decreased market share distribution
New business brings new potential patients
Potential new technologies
Competitors having advantages over Community Hospital
Equipment and Technology
Equipment necessary to preform all services
Diagnostic, testing, and treatment equipment
Equipment capable of servicing bariatric patients.
Technologies for e-visits
EMR and EHR systems
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Lease or Purchase
Improved long term budgeting
Ability to update and repair leased equipment and technology
Reduce risk in leasing than in ownership
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Measuring Quality Care
Data review and research
Are people returning for same problem continuously
Are there a lot of treatment complications
Are patients being seen in a timely manner
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Analyze Financial Situation
Great increase in volume of patients
Revenue from services to patients
Leasing cost for equipment
Initial startup costs
Business Plan Recommendations
Put priority on quality of care
Open for 12 hours of operation
Lease the equipment
Rent larger building
There is much work that must go into opening a new business. Whether that business is an extension of an already established organization or an entirely new entity the amount of work does not change although the research may differ. A great amount of time and research must be put into the project and much must be taken into consideration. However, it is vital the creators and other stakeholders prioritize their steps in the creation of the organization the most important step is research and creating an effective business plan. Than to use that business plan to prepare a well thought out business recommendation. These steps are crucial and can greatly contribute to the success of an organization.
University of Pheonix. (n.d.). HCS 449 Capstone Business Plan Scenario. Retrieved from University of Pheonix, HCS449 website.
The 5 Major Advantages of Medical Equipment Leasing Over Financing. (2017). Retrieved from https://www.bylinefinancialgroup.com/the-5-major-advantages-of-medical-equipment-leasing-over-financing/?doing_wp_cron=1484619080.6913390159606933593750
Padhi, N. (2017). The Eight Elements of TQM . Retrieved from https://www.isixsigma.com/methodology/total-quality-management-tqm/eight-elements-tqm/
Types of Quality Measures. (n.d.). Retrieved from https://ecampus.phoenix.edu/secure/aapd/cwe/citation_generator/web_01_01.asp
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HCS 449 Week 5 Assignment Business Plan Presentation.pptx