Business plans for radiology service companies attempt to demonstrate a market need for radiology services in a specific area and lay out a potential pro forma model for this service. The pro forma includes all baseline financial tables including a start-up summary, use of funds, revenue forecast, break-even point, cash flow, profit and loss, and preferably a sensitivity analysis demonstrating the impact of a calculated sales variance. The pro forma should also make some overture to potential investors by calculating ownership share or projected IRR. The model is only one part of the plan, however:
• Who will you be competing with in the region?
• What does your management team look like?
• Can you show helpful industry or market stats that make the investment opportunity look compelling?
• What is your competitive edge?
• When should your model be profitable, based on your research?
If you have an existing radiology clinic or need to launch one outsider of the company you currently work for, MasterPlans can help you on your way. From customized models to industry-specific research to full business plans, our dedicated team of in-house consultants can put your vision on paper and support every claim. With more than 8,000 plans completed to date, we are the industry leaders and we can deliver for you. Call 877-453-2011 to talk to a consultant about your radiology service idea today.
