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Family Medicine Clinic Business Plan

3 March 2023 Businnes Plan


Family Medicine Clinic Business Plan


Opportunity

Problem

In rural areas, there is an obvious lack of medical services. This applies as well to XXXX, where Park Square will be located.

Solution

The mission of Park Square Family Medicine is to promote the health and well-being of the local population by providing accessible, high-quality medical care for people of all ages. Park Square Family Medicine will strive to provide services that exceed the expectations and make our business profitable.

Market

According to “Economic and Demographic Profile Report,” there’s a growing need for affordable healthcare in the nation and our region. The population in the region is approximately 160,000 and it is expected that it will grow by 3.5% each year.

Competition

Park Square Family Medicine is part of a larger medical industry, including “Offices and Clinics of Medical Doctors.” Private medical practices are numerous, generally small (1 – 4 physicians) and may provide either general or specialist services. They are well-suited in rural and semirural areas that often lack sufficient population to make it feasible to have a hospital or large medical group.

The town is home to five family practitioners, which means that there are approximately 160,000 potential clients within 35 miles. These numbers make for a favorable marketing strategy because of the excellent patient-to–doctor ratio.

Why Us

Park Square Family Medicine’s mission is to improve the health and well-being in the community by providing high-quality, accessible medical care for all ages. Park Square Family Medicine is dedicated to providing high-quality services that meet the needs of our patients. This will result in a profitable and successful business.

Expectations

Forecast

Our current forecast predicts unrealistic profits. Because we know that expenses will continue to rise, we keep it as is. They always do.

Financial Highlights by Year

Financing Needed

We are going to need a loan for $288,000. We will need a loan for $288,000. Rest of the money will be used to cover startup costs and medical expenses.


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