Physician business plans describe the market for medical services in a defined territory and explain your qualifications as a doctor in depth. If you're opening a new office, itemizing the equipment you will need to purchase or lease is important -- this should be part of your start-up summary and should ideally reflect precisely how much capital you will require to launch. From there, a full pro forma showing projected revenues from patient care and the ongoing expenses you will face is required. Remember that a three-year model will suffice for a bank's review, but any private investor will demand a five-year projection. Other points of note:
• What are your core services -- what is your area of medical expertise?
• How many nurses and/or admin staff will be required?
• How will you market the practice?
• What are the industry stats and how many people are in your market?
You should also look closely at competitive comparables. Do you know the other physicians in the region? Or what their sales or patient levels have been in recent years? This sort of information is important and should inform the assumptions you use relative to market share and financial performance. Need guidance on this document, or simply want to outsource the whole thing to an expert provider? Contact MasterPlans. Our company has a team of expert writers, modelers, and research professionals who can draft your entire document in about 2 weeks. Call us today to learn about our experience in this industry. (877) 453-2011
