The clinician's guide to composing effective business plans
Ettinger, A.B.; Blondell, C.
Journal of Medical Practice Management Mpm 26(6): 348-356
2011
ISSN/ISBN: 8755-0229 PMID: 21815550 Document Number: 654213
In today's challenging healthcare environment, clinicians need to understand the fundamentals of financial analysis, which are the underpinnings of their clinical programs, especially when seeking administrative support for new initiatives. The business plan for new clinical program initiatives is composed of diverse elements such as the mission statement, market and competitive analyses, operations plan, and financial analysis. Armed with a basic knowledge of financial analysis of clinical programs, as well as forward-looking analysis of an initiative's added value, the healthcare provider can work much more effectively with administration in developing or creating new healthcare program initiatives.