Business plans for medical tourism show the increasing trend amongst U.S. citizens and other people in the Western world of going overseas to India, the Caribbean, and other foreign nations to receive more affordable medical care. Many surgeries -- cosmetic and otherwise -- cost just a fraction of their American price tag when performed overseas, and the quality of medical service and care does not suffer at all. This is a compelling business model that has been profitably capitalized on by several companies over the past decade. For your business plan, the following are required:
• A full description of the surgeries and other services you will offer
• Facility schematics and buildout or retrofit details and costs
• A target market profile along with a market and industry assessment
• Doctor recruitment strategy
• Competitive comparison for other facilities in the region
Your plan also needs to show a complete breakdown for the funds you need to acquire and show start-up spending divided by category. The business plan's pro forma model should show at least a 5-year revenue and expense projection that includes common tables like revenue forecast, profit and loss, cash flow, break-even point, balance sheet, sensitivity analysis, and a month-by-month breakdown for Year 1 post funding. Also cover the marketing strategies you will employ and the backgrounds of your key executives and personnel. MasterPlans has written for a wide range of medical tourism facilities from Pakistan to St. Kitts. Call us today for a free consultation and quote: 877-453-2011.
