The business plan for interventional radiology is a document designed to illustrate the market opportunity for a radiology clinic or apparatus at an existing facility. Typically presented not for funding but for board approval, the plan describes the technology, equipment, processes, and impact of an interventional radiology arm and dissects the critical intervention that it can make in the lives of patients. The business plan should have a grasp on the patient base in the target area and know how many people are treated or diagnosed by the facility and by competing locations. It should also provide a realistic sketch of the following:
• How many people will the radiology center be able to assist?
• What are the capital costs for equipment, maintenance, and staffing?
• What amount of total funding is required up front to launch?
• Is there any cross-marketing or partnership consideration that the plan needs to take into account?
Also the interventional radiology plan will most likely need a financial pro forma showing how the hospital or new clinic can derive income from applying this technology. In most cases, where required by the reviewing board, the pro forma model should show revenues, a break-even point, profit and loss table, balance sheet, cash flows, and a sensitivity analysis as well as a monthly snapshot of the first year after launch. The plan may also need to include a full market and industry analysis and a bio section for chief officers if expected by your audience. No matter where you need to present, MasterPlans can write the plan for you. We have years of experience with medical centers and technologies like interventional radiology and our experts will deliver you a great draft in record time. Call 877-453-2011 to learn more.
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