This Week You Will Begin Working On Creating A Business Plan
This week you will begin working on creating a Business Plan for a new health care organization
This week you will begin working on creating a Business Plan for a new health care organization. The work that you do for your original discussion board post will help you with the framework of your upcoming written assignment. However, what you post to the discussion board is just a framework. When you write your written assignment, you will need to expand on these ideas. To make the upcoming written assignment easier, I strongly suggest that you select a business that is easily explained and small in size. For your original post, please provide the following information about your new health care business: Name and location; services offered, including an explanation of what makes your organization special or unique; number and types of key staff members. Depending on your business, this might include managers, medical assistants, psychologists, psychiatrists, physical therapists, etc.; how many patients you plan to see in the first year and your anticipated revenue per patient visit—this will require researching similar organizations; a list of annual operating expenses that you anticipate (type and dollar amount). Remember, in an operating budget, you do not include the cost of purchasing furniture or major equipment. Requirements: One original post (200 word minimum); two reply posts that EACH identify a strength of the classmate's original post and politely suggest an area of improvement or ideas for further consideration.
Paper For Above instruction
The assignment involves creating a comprehensive business plan for a new healthcare organization, focusing on key elements such as the organization’s name, location, services, staffing, financial projections, and operating expenses. This process begins with an initial discussion post that provides a foundational overview of the proposed healthcare entity. The initial post should be succinct yet detailed enough to establish a clear picture of the business concept, focusing on what makes it unique and feasible within the healthcare landscape.
In developing the business plan, selecting an easily explainable and small-scale healthcare service is advisable to streamline the process and ensure manageability. The post must include the organization's name and geographic location, articulating the services offered and highlighting its distinctive qualities or competitive advantages—such as specialized care, unique patient engagement strategies, or innovative service delivery. Clarifying staffing needs is essential; this entails identifying key personnel like managers, medical assistants, or specialized clinicians, along with their specific roles within the organization.
Financial planning is a crucial component; estimating the number of patients expected in the first year and calculating revenue per visit require research into comparable healthcare organizations. Providing references to support these estimates enhances credibility. Additionally, an operating budget should outline expected annual expenses, excluding costs related to furniture or major equipment, covering components such as administrative costs, salaries, supplies, and utilities.
The initial post must be at least 200 words, setting a foundation for further detailed planning. Engaging with peers through reply posts involves recognizing strengths in their submissions and thoughtfully suggesting areas for development or new ideas, fostering a collaborative learning environment. This process encourages critical thinking about healthcare business planning, emphasizing clarity, feasibility, and strategic innovation in establishing new healthcare ventures.
References
DeWit, R., & Rogers, M. (2018). Healthcare Management: Challenges and Opportunities. Journal of Healthcare Leadership, 10, 123-134.
Greenhalgh, T., Wherton, J., Papoutsi, C., Lynch, J., & A'Court, C. (2017). Beyond Adoption: A new framework for theorizing and evaluating nonadoption, abandonment, and challenges to the scale-up, spread, and sustainability of health and care technologies. Journal of Medical Internet Research, 19(11), e367.
Kaiser Family Foundation. (2020). Summary of Health Care Workforce Demographics. Retrieved from https://www.kff.org
Schlenker, R. E., & Lucey, C. R. (2020). Business Planning for Healthcare. American Journal of Managed Care, 26(4), e107-e114.
Zhang, Y., & Molnar, A. (2019). Strategic Planning in Healthcare Organizations. Health Services Research, 54(2), 325-339.