Healthcare versus non healthcare business planss

mrsrhino · #1 Dec 9, 2007, 03:48 PM

What is important in a healthcare business plan that is not oridinarily included in a non-healthcare plan?

Ren Radio · Dec 10, 2007, 03:10 AM

Quote:

Originally Posted by mrsrhino

What is important in a healthcare business plan that is not oridinarily included in a non-healthcare plan?

It is vital that you include hefty projections and full breakdowns on liability expenses, related legal and professional services relative to patient/end user liability, and cost of training. Many medical professionals or those working in medical services industries underestimate the cost of keeping staff current on not just medical procedures themselves, but proper use and maintenence of added equipment.

Relative insurances and liability considerations aside, you should also make sure that you are keeping in mind not just the cost of selling, but the cost of billing! Medical billing is an industry in itself, and showing that you anticipate the labor intensity of this aspect is vital to a potential investor.

I hope I have helped and I wish you luck! I apologize for my spelling...I'm coming off a 24 hour stint....



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!