One of the core questions to address in an occupational therapy business plan is whether you will get treatment referrals directly from other providers/diagnosticians, or whether you'll need to market your company to get patients. Some facilities are affiliated with doctor's offices or occupational medical practices in relationships where getting patients in the door comes at essentially no cost. In this arrangement you can save substantial amounts of money on your acquisition costs. If you will need to promote your services to get a steady stream of patients though, your business plan for occupational therapy will need to address these issues:
• What percentage of your budget will go towards marketing?
• What are the best performing channels for you to get patients?
• What is the geographic area that you plan to service?
• What insurance can you accept (if any)?
• What are the liabilities and other risks that your business will need to insure against?
The occupational therapy business plan also has to show that you have the mechanisms in place to generate enough revenue to cash flow your loans effectively. The Small Business Administration and any bank that reviews plans on its behalf will need to see that you can pay back their lines of credit on schedule, which means showing sufficient income each month to offset all expenses. The plan needs a use of funds table, a sales forecast, a break-even analysis, the profit and loss table, a cash flow, and a balance sheet for each year. Your business plan for occupational therapy can be a tough document to piece together but the experts at MasterPlans can help you. Call us today at 877-453-2011.
