A business plan is not a requirement, but it is a good time to have. With a medical business plan it focuses on setting the goals for a growing practice and sets goals. For a growing practice it consists of human resources, finances, physical location and information technology.
Step 1:
Review skills that your existing staff has and then evaluate their skills fall short of that your practice needs and then for future staffing needs. Add developing strategies to your existing plan and also hire new employees.
Step 2:
Figure out how much space your business is going to need. Based upon how many patients come into your office, you want to evaluate your office location and equipment. Look to see if your office is easy to get to and most convenient. Make sure you have the equipment that can meet patients needs.
Step 3:
Make a spreadsheet for your business financial needs. Entails on how much you intend on paying for your equipment for the business, and how you are paying for your staff, and for your business location. Determine how much money you are going to need for your maintenance and growth options for business, when it’s to time to expand.
Plan to implement and upgrade information technology. According to Lucash, electronic health records are on the way to being a mandate, so medical businesses should start planning for this now. Plan the equipment you need or approach your hospital to see if you can partner with it to move your health records to an electronic format. If you have to invest in equipment or staff to implement this, include the cost in your finances. Lucash advises to specifically make a plan for electronic health records implementation, so it can be in place in the next one to three years.
For more information about how to make a medical business plan contact Winy City Strategies.