Project You Are Creating A Business Plan To Add An Outpatient Lab Located On Local Hospital Campus This Plan Is Being Submitted To Senior Leadership Of Local Hospital For Consideration 2

By

Question Description
Team 1 Project Discussion Forum
Youare creating a business plan to add an outpatient lab located on LocalHospital campus. This plan is being submitted to senior leadership ofLocal Hospital for consideration.

Click the following links to access the following files: Team 1 Business Plan Expectations, and the Team 1 Financial Analysis Worksheet.
Once you open the Financial Analysis Worksheet, the only areas that need to be filled in are highlighted in red.

Thesetwo documents will provide you with the information that you need tocomplete this project. Use the assumptions given as the basis, and BECREATIVE to complete the rest.
Expectations –
Team 1 Final Finance Project
Business Plan Format
For this assignment, you will need to construct your paper using the following outline:

Title page to include the title of your paper, team number, class, and team members.
Table of contents listing all of the major sections that I am listing.
Executive Summary– This is a one page summary of your entire project.You are submitting aplan to an executive team, so include the facts of the project.What doyou want money for, how much, how much will you make, why, etc.Keep inmind, in the real world, this may be the only thing that they read.If itis not specific, the project is rejected!
Organizational Plan– This will talk about how you will structure as far as FTE’s,Leadership, and how your proposed service ties into the mission of thehospital.
Marketing Segment – You can use somecreative freedom here.What is the environment like, what is thecompetition for your service? How will you advertise? reach new clients?Who will you serve?
Financial Segment – Being a finance class, I expect this to be a focus.You need to discuss the assumptionslisted below that would relate to this section.You should discuss thefinancial situation, but then you will need to submit a 5 year cash flowdocument, along with any others that reflect the operation of thebusiness.You should also include NVP and IRR calculations as a way tojustify the project.
Conclusion – Like the Executive Summary,this is important to a proposal. It should be less than one page, andcontain the facts of your proposal, and why it should be approved.Youshould include the information that you concluded about the 5 yearfinancial performance.

General Assumptions
Typesof assumptions required for the financial portion of a business plantypically include answers to the following questions (Example of TypicalIncome Statement Assumption Information Requirements):
What types of revenue?
How many services will be offered to produce the revenue? (per month)
How much labor will be required? (FTEs)
What will the labor cost?
How many and what type of supplies, drugs and/or devices will be required to offer the service?
What will the supplies, drugs and/or devices cost?
How much space will be required?
What will the required space occupancy cost?
Is special equipment required?
If so, how much will it cost?
Is staff training required to use the special equipment?
If so, how much time is required, and what will it cost?
Identify how many of the assumption items listed in the example above can be found incorporated into your business plan.
Specific Assumptions
Usethe following information to fill in the Excel Sheet loaded in yourdiscussion forum.It will calculate a lot of the information that isbeing asked.You just need to enter this in the sheet, and can use partof it for your final submission.

Capital Expenses:

Medical Equipment – $350,000
Construction – $100,000
Furniture – $30,000
IT System – $50,000
Contingency – 10,000

Year One Volume:

57,500 Specimens
$18 net revenue per specimen

Organizational Structure:

1 Manager – $60 per hour
3 Lab Technologists – $30 per hour
2 Receptionists – $15 per hour
The manager reports to the existing Director of Operations, who reports to the CEO (already existing, so no cost)

Expenses:

Medical Supplies – per unit – $4
Other Supplies – per unit – $1
Purchased Services (repair contracts for equipment) – $25,000 yr
Marketing – $45,000 yr
Licenses – $10,000 yr
Rent – $75,000 yr
Utilities – $3,500 yr

How to create Testimonial Carousel using Bootstrap5

Clients' Reviews about Our Services