Medical Practice Business Plans
Did you know each of these plans was created in LivePlan? Learn More
Chiropractic Business Plan
Betcher Chiropractic is a start-up business that treats every patient with the philosophical approaches of individualism and holistic medicine.
Chiropractic Clinic Business Plan
Accurate Chiropractic is the second start-up by a business-savvy chiropractor in Florida. The owner will leverage his medical acumen and financial know-how to produce high profits.
Chiropractic Services Business Plan
Sports Chiropractic Center will provide quality care to athletes with sports-related injuries.
Family Chiropractic Business Plan
Advanced Chiropractic Clinic will provide quality chiropractic services to people of all ages. The clinic will utilize new equipment and a trained staff, able to care for the individual needs of every
Family Medicine Clinic Business Plan
The mission of Park Square Family Medicine is to promote the health and well-being of the local population by providing accessible, high-quality medical care for people of all ages.
Occupational Health Business Plan
Workwell is a nonprofit, occupational medicine program designed to reduce health care costs.
Physical Therapy Massage Business Plan
Healing Touch Massage, an established in-home business, will open an office downtown, seeking to acquire clients in the medically-required, insurance-paid massage market niche.
Psychological Health Center Business Plan
Amesbury Psychological Center is a multidisciplinary behavioral health care facility that offers mental health and substance abuse services to the communities of the Merrimack Valley in Massachusetts.
Sports Therapy Business Plan
Cyclist Repair Center is a start-up sports therapy clinic, offering massage therapy, physical therapy, and personal training, specifically geared for competitive and recreational bicyclists.
What do you get when you take your dedication to helping people and combine it with a good business plan? Success! Here's a collection of sample business plans for medical practices, dental offices, and clinics, that should help you on your way.
If you’re looking to develop a more modern business plan, we recommend you try LivePlan . It contains the same templates and information you see here, but with additional guidance to help you develop the perfect plan.
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How to Write a Business Plan for an Outpatient Medical Practice
You probably have many good reasons to open a private practice. Private practices can be lucrative, although it requires you to spend time building relationships with patients while also attending to all business processes that are part of running your practice .
Maybe you want more autonomy over your practice and your workflow. Or maybe you hope to expand your services to underserved areas or specific populations based on your expertise.
If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. Even if you’re able to self-fund your practice and don’t need outside investment, your business plan is a great tool for thinking through all the different aspects of building a profitable and sustainable practice.
There are a few different types of business plans , depending on how you intend to use it. If you’re seeking investment or business loans, you’ll need a traditional business plan . They tend to be lengthier and more detailed. A Lean Business Plan might be a better fit if you simply need to think through all the different aspects of your business. A Lean Plan will be shorter, and it lends itself to quick revisions, but both types follow the same general outline.
In the medical field, this Lean Plan idea is also sometimes called a proforma, though a proforma sometimes refers specifically to the financial part of the plan.
Ultimately, no matter which type of business plan fits your practice’s needs the best, remember: keep it short, know your audience, and don’t be intimidated.
Once you consider these factors, then it’s time to sit down and write your business plan. You should go into this thinking about your business plan as a living document, not something you do once and then file away forever. Use it as a tool, especially around your financials. Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary.
To help you get started, you can download our free traditional business plan template or our Lean Plan template . If you’ve never written a business plan before, Bplans also offers a library of sample medical business plans that you can review or even download to use as a model.
Executive summary
The first section that will appear in your business plan is the executive summary . But before you dive right in, it’s the section of your plan that you should actually write last. It’s a summary and an overview of your outpatient medical practice and your plans, so it will be easy to put together after you’ve written the rest of your plan.
Executive summaries are short—keep it to one to two pages. Keep in mind that if you’re using your plan to get funding, investors and banks tend to read your executive summary to get a sense of whether to read on and consider your request. Do not neglect it; just write it last.
Your executive summary will include the following sections:
- Who you are: Your business name, location, and contact information.
- What you offer and the problem your business solves: What does your practice offer and why is it needed? This is your value proposition .
- Target market: Who is your ideal patient? Do they self-pay or use insurance? Be specific.
- Competition: Who else is offering similar services?
- Team: Who is on your management team?
- Financial summary: Explain your business model, startup costs, revenues, and liabilities to the company. Mention your funding needs.
- Milestones and traction: How have you validated that there’s a need for your practice in your location?
Position your practice’s business opportunity
Now that you’re familiar with what’s included in your executive summary, tuck that information away, and get to work on the rest of your plan.
Think of the next few sections of your plan as the overarching description of your practice’s business opportunity. You’ll cover the problem you’ve identified and the solution that your practice offers. Then you’ll think through your ideal customer , your competition , and your opportunities for growth . This section area should describe the services you provide and how they benefit your patients.
Problem and solution
First, describe the problem that you’ve identified and how your practice solves that problem. Here’s a brief example:
The problem : There is a lack of affordable pediatric and gynecological care available in coastal areas of Lane County, Oregon. Many patients have to travel miles to the closest practice.
The solution : Dr. Gardner plans to open Ocean Lane Outpatient Care to serve smaller Oregon coastal communities scattered outside of major towns with major hospitals. Due to her focus on pediatric and gynecological care, Dr. Gardner’s particular services are especially valuable in this location due to the lack of available service providers in the area. Dr. Gardner’s practice will accept private insurance and Medicaid, as well as a sliding scale for patients in a certain income bracket.
The services section identifies what kind of medical practice you are opening. Restate who your practice serves and what kind of services you specialize in. Talk about how your practice approaches treatment and what goals you have in addition to providing quality care. Here’s an example from a sample business plan for a medical practice.
Include a breakdown of all services furnished by the clinic, being as granular as possible. For example:
Gynecology:
- Annual women’s wellness exam
Pediatrics:
- Immunizations
- Youth eating disorder treatment
Target market
Next, talk about your ideal patients. If you’re in the earliest stages, you’ll want to do some research that verifies your hypotheses.
For example, Dr. Gardner would have needed to verify her assumption that people in coastal towns in Oregon are in need of pediatric and gynecological services—a need that isn’t currently satisfied by available resources.
A formal market analysis can help verify that there’s a need for your particular practice in your intended location.
Your target market section should include:
- TAM, SAM, and SOM: Total Available Market (TAM), Segment of the Available Market (SAM), Share of the Market (SOM). Here, you are looking at the difference between targeting everyone: TAM (all people who need medical care—so all humans in your area), versus your ideal clients: SAM (maybe this is those with certain insurance or ability to self-pay), versus the number of new patients you think you can realistically reach: SOM, especially within your first few years. The idea is that not everyone will be an ideal patient. It matters because you can waste a lot of money with marketing outreach to everyone, instead of targeting a specific population that is more likely to be looking for your services.
- Buyer persona : Imagine there’s one specific patient who represents your ideal patient. Be specific. Maybe she’s 34 years old, has private insurance, is relatively healthy, but needs more regular medical care and advice.
- Competition and competition matrix : List competitors and analyze what makes them competitive. For instance, your competitors might be large hospitals because of the wide range of services they offer. You might also be competing with local chiropractors or other alternative medicine practices that already have a foothold in local communities.
- Future products and services : Name the products/services you will offer as your practice grows and earns more money and as your patients develop new needs. Maybe you will want to open a second location when you gain enough patients. Or maybe you will want to extend your practice’s hours of operation.
Ideal patient profile
Your ideal patient profile identifies the type of patient whom you hope to attract and retain. To clarify, this does not mean you only serve your ideal patient type. Rather, focusing your outreach efforts on attracting your ideal patient will allow you to grow your practice more effectively than targeting a large number of patients who may or may not be in the market for your practice’s specialty.
When developing your ideal patient profile, consider:
- Who you enjoy working with
- Who needs the services you provide
- Who can and will pay your pricing (or have an insurance plan that you want to accept)
For instance, because Dr. Gardner specializes in preventive and curative care, a patient seeking palliative treatment for terminal cancer is not the ideal patient. This patient would not receive the best care for their needs from Dr. Gardner’s services.
Acquiring a new patient is six to seven times more expensive than retaining a current patient. In order to support and retain current patients, develop a strategy to proactively meet their needs and set benchmarks to measure the success of your strategy.
Execution: How your practice will respond to the opportunity
First, your business plan laid out the opportunity at hand. Now, the rest of your plan will focus on how to take advantage of that opportunity. Now is the time to lay out what you’ll do to attract patients and set up a viable business model with healthy financials.
Components of this section include:
- Your marketing and sales plan
- Strategic partnerships or alliances
- Your operations plan
- Your team and company information
Financial plan
- Milestones and metrics that you’ll need to hit to be viable
- Your key assumptions and risks
- Your funding ask and exit strategy, if applicable
Marketing and sales plan
The marketing and sales component of your plan should include how you plan to reach the patients in your target market, how you’ll bill for your services, and what you need to do to bring in the right number and type of patients.
- Positioning : Describe how you will present your company to your customers with your positioning statement . Think about answering these questions: What are you offering your patients that they can’t get elsewhere? Why should they pick you instead of another practice? Where do you see yourself in the competitive landscape? Use this model to help:
“For [target market description] who [target market need], [how our business offering meets the need]. Unlike [key competition], it [most distinguishing feature].”
For [coastal community members] who [require gynecological care], Ocean Lane Outpatient Care [provides both pediatric and women’s health services]. Unlike [other area medical practices], Ocean Lane Outpatient Care is [conveniently located near the communities it serves and can fill the gap between pure pediatric care and full-blown adult care for young women].
- Pricing and billing : Medical pricing is complex, especially if you plan to work with insurance companies. Practice Builders says that “a 10 percent increase in pricing can result in a much better return than a 10 percent reduction in costs—or even a 10 percent increase in patient volume.”
Make sure you price your services at what they are worth and explain your pricing to your patients. Consider the demographics your practice serves when you choose your pricing. Research other practices in the area and learn more about how you can choose the best prices for your patients and your practice.Also, consider how you will get patients to keep coming back to your practice. Sometimes you can increase sales by upselling and cross-selling , or offering complementary services.
If you accept insurance, the contracts you set up with insurance companies for reimbursement will probably dictate your pricing, so this is a good place to talk about your negotiation strategy as well.
- Update your website and social media frequently and ensure your website is mobile-friendly and share-friendly with credible links added.
- Make sure all communications with and about patients are HIPAA-compliant . Download a HIPAA Compliance Guide to ensure you are following regulations.
- Maintain a positive online reputation for your practice as a key management technique. You can do this by claiming your profile on any third-party sites that list it. Encourage your patients to review you online, too.
- Strategic alliances : List any people or organizations with whom you are working. You will most likely need to partner with a regional lab for medical testing. Opening an on-site lab can be costly for a smaller practice. You will most likely need to partner with a nearby hospital as part of a referral system or to share select services and equipment.
The operations section of your business plan covers how your business works, from the logistics to the technology.
- Technology: Describe how your technology works, but do not go into too much detail. Investors can ask for more information if they want to. Will you rent or buy equipment ? The technology you need ranges from simple items like thermometers to more complex items like centrifuges.
- Billing and information storage: Provide a brief overview of how you will manage information technology and patient records to promote safety, efficiency, and compliance with HIPPA regulations and industry standards. Explain your usage of Electronic Medical Record (EMR) software in this section.
- Payment types you accept: Consider payment types such as private pay, private insurance, Medicaid/Medicare, etc. What kind of referrals can you offer to the uninsured or those who cannot afford your services?
Milestones and metrics
In this part of your plan, you set measurable, achievable milestones, such as the number of new patients added per month in the first year of operations. Milestones can be about any aspect of your medical practice as long as they emphasize growth. For metrics , decide which numbers to check regularly to track your company’s health. This area should also include information about traction (past successes) and risks:
- Traction: Look back at major milestones you have achieved. Hopefully, they demonstrate that your business model works and that you are filling a need for your market. If you’re looking to attract private funders, this section is important since it shows your initial success .
- Key assumptions and risks : Acknowledge the assumptions you are basing your business on. Set out to prove them right if you can. Also, discuss risks so that investors know you have considered what could go wrong and that you have a plan for dealing with challenges. Malpractice suits and changing healthcare regulations are risks specific to the healthcare field. Malpractice insurance is a must for addressing the former. Changing healthcare regulations can affect the volume of patients who are able to afford your services.
Your team can be more important than your product or service. Describe your team here, even if it is just you and a receptionist who answers the phone in your office building.
- Management team and qualifications: Address who works for you, what do they do, and how much you pay them. Compile the details of their relevant experience and education.
- Hiring plans : Outline who, if anyone, you need to hire to fill skills gaps in your management team and how much you plan to pay them.
Company overview
The company overview tells about who you and your staff are and appeals to potential investors. Keep it short—it should be the shortest chapter of your business plan but is still very important.
It needs to include these elements :
- Mission statement : Your mission statement articulates your goals for what your company does for its customers, employees, and owners. It will read something like this: “Our mission is to provide X (services) for Y (customers) by Z (methods).” For instance, Ocean Lane Outpatient Care is dedicated to providing quality care for all the inhabitants of coastal Lane County by providing affordable and versatile services.”
- Intellectual property : List any patents you have or have pending, and mention any core technology you are licensing from another company.
- Legal structure and ownership : Explain your business structure and who owns how much of it. More on considerations for physicians and legal structure here.
- Business location : Describe the company’s location and any facilities it owns.
- Company history if it’s an existing company
Having a solid financial plan is critical, whether you’re seeking funding or not. A typical financial plan includes projections by month for the first year and annual projection for the next three to five.
Include these key elements :
- Profit and loss statement : this explains how your business made a profit or incurred a loss in a given amount of time (typically three months) by listing all revenue and expenses, then documenting the total amount of net profit or loss.
- Cash flow statement: documentation of how much cash the business brought in, how much it paid out, and the amount of its ending cash balance (on a monthly basis).
- Balance sheet : snapshots how your company is performing at a given moment by including how much money you have in the bank, how much your customers owe you, and how much you owe your vendors.
- Sales forecast : projections of what you think you will sell in a given timeframe (one to three years).
- Business ratios : Comparisons of your company’s financials with numbers from the industry profile.
- Keep it brief. For example, Dr. Gardner will employ administrative aides and nurses.
- Use of funds : Needed if you’re seeking investment or a loan. This section explains how you will use investors’ money.
- Exit strategy : You only need this if you’re seeking outside investment. An exit strategy is a method by which entrepreneurs and investors, especially those that have invested large sums of money, transfer ownership of their business to a third party to recoup money invested in the business. Common exit strategies include being acquired by another company, the sale of equity, or a management or employee buyout.
When writing your financial plan, make sure to consider startup costs . For a medical practice, average startup costs can include initial fees, malpractice insurance, cost of renting or leasing office space, and the cost of any legal or tax advisors.
Consider submitting your plan to at least five to 10 banks if you need help financing your startup costs. Many banks have divisions designated to providing loans to new dental and medical practices , so submit your plan to that division if you can. Startup costs can be high in the medical field, so make sure not to underestimate them.
Finally, your appendix is the holder for any supporting information such as charts, images, graphs, and more. If you need to include large sets of data or pages of information, put it here. That way, it is available but does not distract from the plan’s most important pieces.
For instance, you can expand on your personnel plan with charts of each employee’s annual insurance costs. You can also include versions of your profit and loss statements and other financials that extend further into the future.
Don’t forget to go back to your executive summary! Remember to keep it brief and write it based on what you have written already.
When you’re ready to write your business plan, there are an array of resources available to you. Download our free business startup checklist to think about the next steps. Also, check out our free business plan template . Reviewing sample business plans in the medical field can help you get a better sense of the process and information you’ll provide. This one for a family medicine clinic will probably be most helpful if you’re setting up a primary care practice.
Remember that this plan is a living document. Schedule a regular business plan review meeting. You should review your trajectory and compare your financial projections to your actuals frequently to keep your practice on track.
Sarah Hovet
Sarah Hovet is a senior English and journalism major and creative writing minor at the University of Oregon Clark Honors College. Currently, she is a content marketing intern at Palo Alto Software, where she writes SEO-researched articles for Bplans. You can learn more about her research and skills at sarahhovet.weebly.com .
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Healthcare business plan
Create a business plan for a medical office or any healthcare startup using this detailed business plan template. This healthcare business plan template includes an executive summary, company overview, market analysis, financial plan, and more. This accessible healthcare business plan template includes step-by-step instructions.
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Medical Practice Business Plan Template
Written by Dave Lavinsky
Medical Practice Business Plan
Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their medical practices. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a medical practice business plan template step-by-step so you can create your plan today.
Download our Ultimate Business Plan Template here >
What Is a Business Plan?
A business plan provides a snapshot of your medical office as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.
Why You Need a Business Plan
If you’re looking to start a medical practice, or grow your existing medical practice, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your medical practice in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.
Sources of Funding for Medical Practices
With regards to funding, the main sources of funding for a medical office are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for medical practices.
How To Write a Business Plan For a Medical Business
If you want to start a medical private practice or expand your current one, you need a business plan. Below we detail what should be included in each section of your business plan.
Executive Summary
Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of medical office you are operating and the status. For example, are you a startup, do you have a practice that you would like to grow, or are you operating practices in multiple markets?
Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the industry. Discuss the type of practice you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.
Company Analysis
In your company analysis, you will detail the type of medical office you are operating.
For example, you might operate one of the following types of medical practices:
- Group medical practice : this type of medical practice consists of two or more physicians providing medical care in the same facility. The physicians typically have different specialties, which allow them to collaborate and consult with each other.
- Private medical practice: this type of medical practice involves only one physician working along. A private practice usually serves a limited number of patients and operates with a small staff.
- Hospital-based medical practice: this type of medical practice is an ancillary medical office that is owned by a nearby hospital. The hospital will manage the practice and employ the doctors and nurses to work in their facilities and ancillary clinics.
In addition to explaining the type of medical practice you will operate, the Company Analysis section of your business plan needs to provide background on the business.
Include answers to question such as:
- When and why did you start the business?
- What is your business model?
- What is your mission statement?
- What milestones have you achieved to date? Milestones could include the number of patients served, number of positive reviews, reaching X amount of patients served, etc.
- Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your business structure here.
Industry Analysis
In your industry analysis, you need to provide an overview of the medical industry.
While this may seem unnecessary, it serves multiple purposes.
First, researching the medical industry educates you. It helps you understand the market in which you are operating.
Secondly, market research can improve your strategy, particularly if your research identifies market trends.
The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.
The following questions should be answered in the industry analysis section:
- How big is the medical industry (in dollars)?
- Is the market declining or increasing?
- Who are the key competitors in the market?
- Who are the key suppliers in the market?
- What trends are affecting the industry?
- What is the industry’s growth forecast over the next 5 – 10 years?
- What is the relevant market size? That is, how big is the potential market for your medical office? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.
Customer Analysis
The customer analysis section must detail the customers you serve and/or expect to serve.
The following are examples of customer segments: individuals, families, seniors, and anyone needing a type of medical service.
As you can imagine, the customer segment(s) you choose will have a great impact on the type of medical office you operate. Clearly, families would respond to different marketing promotions than seniors, for example.
Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve.
Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.
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Competitive Analysis
Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.
Direct competitors are other medical offices.
Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes hospitals, clinics, teledocs, and online health forums.
With regards to direct competition, you want to describe the other practices with which you compete. Most likely, your direct competitors will be other practices located very close to your business location.
For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:
- What types of medical services do they provide?
- What areas do they serve?
- What types of patients do they serve?
- What is their pricing (premium, low, etc.)?
- What are they good at?
- What are their weaknesses?
With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.
The final part of your competitive analysis section is to document your areas of competitive advantage. For example:
- Will you provide services that your competitors don’t offer?
- Will you provide faster patient waiting time?
- Will you provide better patient service?
- Will you offer better pricing?
Think about ways you will outperform your competition and document them in this section of your plan.
Marketing Plan
Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a medical office, your marketing plan should include the following:
Product : In the product section, you should reiterate the type of practice that you documented in your Company Analysis. Then, detail the specific services you will be offering. For example, in addition to medical services, will you provide nutrition and diet guidelines, insurance claim processing, family and loved one communication, and any other services?
Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.
Place : Place refers to the location of your practice. Document your location and mention how the location will impact your success. For example, is your medical office located near a school, a busy neighborhood, an office complex, or an urban setting, etc.? Discuss how your location might be the ideal location for your patients.
Promotions : The final part of your marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:
- Advertising in local papers and magazines
- Commercials
- Social media marketing
- Local radio advertising
- Word-of-mouth
Operations Plan
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. It should have two distinct sections as follows.
Everyday short-term processes include all of the tasks involved in running your practice, including patient and family communication and scheduling, managing appointments, inventory of medical supplies, accounting, billing, payroll, etc.
Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to obtain your XXth patient, or when you hope to reach $X in revenue. It could also be when you expect to expand your medical practice to a new location.
Management Team
To demonstrate your practice’s ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.
Ideally you and/or your management team members have direct experience in managing medical practices. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.
If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a medical practice or a physician or nurse in the local medical field.
Financial Plan
Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.
Income Statement
An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.
In developing your income statement, you need to devise assumptions. For example, will you take on one new patient at a time or multiple new patients offering a variety of medical services ? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.
Balance Sheets
Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your medical practice, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.
Cash Flow Statement
: Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.
In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a medical practice:
- Cost of furniture and build-out
- Cost of medical supplies and equipment
- Payroll or salaries paid to staff
- Business and medical malpractice insurance
- Taxes and permits
- Legal expenses
Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your list of medical services your practice will offer, types of patients you will be targeting, and the areas your practice will serve.
Putting together a business plan for your medical practice is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful medical practice.
Medical Practice Business Plan FAQs
What is the easiest way to complete my medical practice business plan.
Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Medical Practice Business Plan.
What is the Goal of a Business Plan's Executive Summary?
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of medical practice business you are operating and the status; for example, are you a startup, do you have a medical practice business that you would like to grow, or are you operating a chain of medical practice businesses?
OR, Let Us Develop Your Plan For You
Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.
Click here to see how Growthink’s business plan advisors can give you a winning business plan.
Other Helpful Business Plan Articles & Templates
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Healthcare Business Plan Template [Updated 2023]
Healthcare business plan template.
If you want to start a healthcare business or expand your current healthcare business, you need a business plan.
The following healthcare business plan template can be used for all types of healthcare and medical practices. As such, you can use it to create business plans for your family medicine, chiropractic, occupational health, physical therapy and/or psychology practices among others.
You can download our Business Plan Template (including a full, customizable financial model) to your computer here.
Below are links to each of the key sections of your Healthcare business plan:
Healthcare Business Plan Home I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan
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How to Write a Business Plan for Medical Practice
Last updated: 04 / 08 / 22
You learn a lot in medical school, but business planning isn’t a focus. However, many health care practitioners go on to run their own businesses where developing a business plan becomes essential.
If you’re planning to start your own practice, or you’re taking over someone else’s medical business and want to run it effectively, it’s a good idea to spend some time working out the details and putting together a formalised plan first. You may also want to get professional advice on your business planning, and any other aspects of running your medical practice you’re not sure about. In the meantime here are a few business planning basics to get you started.
Why have a business plan for your medical practice?
While it can be tempting to just dive right in and start setting up your new medical practice, a business plan can help you get prepared and make sure you stay on the right track as your practice grows.
A solid business plan is the foundation of any successful medical practice. With a business plan you can identify potential issues upfront and devise a strategy to avoid them. You can also set realistic goals for your business to help you keep moving in the right direction. If you’re looking for funding at any stage, you’ll also need to have a business plan. Most medical practices will struggle to get a business loan without a solid business plan in place.
What to include in your medical practice business plan
Your business plan should include the following:
- A summary of your business, including the medical services you provide, your location, and the history of the business.
- Financial information including projected cash flow, outgoings like medical equipment, marketing and practice management software costs and projected turnover.
- Operational factors like trading hours, fees, staffing and potential suppliers
- Risk identification and management – details of how you will manage the biggest potential risks, e.g. malpractice insurance, other insurances, data security and your credentialing process.
- Marketing – how you will get new patients and retain the existing ones.
As well as all the information about your medical practice and strategy, it’s also important to set goals and targets for your new venture. These should be in your business plan so you can keep track of them and make sure you’re working towards them consistently.
Making sure you have a solid business plan
So how do you make sure your medical practice business plan is solid? It’s very easy to have your plan in your head, but if you don’t get it out, it’s going to be hard for anyone else, especially the other providers and support staff in your practice to implement it. So the first step is to put it down on paper, or in a word document.
Once you’ve got a detailed plan on paper, don’t just put it in a drawer and leave it. Business planning should be a regular task for you and your business partners. Once you have your business plan in place, make sure you review it at least once a year, preferably more and update it as your business priorities change.
Writing a business plan for your medical practice might seem like a time consuming task, but it’s well worth the effort. With a strong business plan, you can grow your practice, achieve your goals and avoid many of the pitfalls that can trip up practice owners who haven’t taken the time to plan ahead.
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How To Create A Business Plan For Your Medical Practice
- Benefits Of Creating A Business Plan For Your Medical Practice
- What Goes into Making a Great Medical Practice Business Plan?
- What to Include in a Business Plan
- Ready to take the next step?
A medical practice business plan is like a roadmap. You can go on your journey without one, but you’re more likely to get lost along the way.
If you’re embarking on a solo practice, looking to open a medical clinic or exploring partnering in a group practice, a business plan can help you not only make sound financial decisions, but maximize your potential for job satisfaction.
Practically speaking, lenders are likely to require a business plan if you need startup cost funding to finance your medical practice or clinic. However, securing financing is only the beginning of the list of reasons to create a business plan.
A solid medical practice business plan can also help you:
- Build a fulfilling and right-sized roster of patients through geographic, demographic and competitive research
- Plan for appropriate space that also takes growth projections into account
- Determine the people and skills you will need to run an efficient practice
- Make educated income and expense projections
- Allow all stakeholders to collaborate in shaping the future of the practice
- Create an exit plan (even if that exit might be decades down the road)
A solid plan starts with preparation. Here are some essential to-dos to complete before sitting down to write your medical practice business plan:
1. Get all your credentials and licensing in order
We recommend starting paperwork early, since some licensing requirements can take several weeks or months. The specific requirements may vary depending on the type of practice you’re operating and its geographical location.
A few of these items may include:
- Medical certifications and licenses for your province
- Professional association memberships
- Credentialing and Hospital Privileges
2. Conduct Preliminary Market Research
Conducting market research can help you create a profitable and personally rewarding practice. Before writing your medical practice business plan consider the following:
- The volume and types of practices in your geographical location
- The demographics and health of the local population (E.G. Are there any prevalent or underserved chronic diseases? Is the population growing?)
- The average cost to lease or buy space and transportation/parking surrounding available options
- The proximity of complementary services, such as diagnostic facilities, hospitals, etc.
With preliminary details carved out, you’ll be in a better position to assess viability before creating a more detailed plan.
3. Assess costs and make projections
With rising overhead costs, physicians should spend time to get an accurate idea of the typical costs associated with opening a medical practice or clinic.
An estimate at this stage might include:
- Rent and utilities
- Renovations, if necessary
- Furniture, medical equipment, office equipment, etc.
- Licensing and association dues
- Technology, such as an EMR, Practice Management Software and billing software
- Advisors such as lawyers, accountants, bookkeepers, etc.
- Service needs, if applicable, such as janitorial, laundry, maintenance, sharps disposal, landscaping and snow removal, etc.
- Miscellaneous costs such as staff training, periodicals, office supplies and stationery, signage, etc.
Once you have most of these details at hand, you’re ready to create a business plan for your practice or clinic. A template can provide an excellent guide, however, a simple document containing the following sections is typically sufficient:
Executive Summary
Write a brief overview that covers the important points of your business plan at a glance. The executive summary should not exceed 10% of your plan’s length (e.g. one page for a ten page plan). It can be helpful to think of this section as your brief pitch—and even though this section appears first, many entrepreneurs like to write this section last.
Participants
Include a description of the people who will be involved in the practice, such as yourself and any other care providers or partners.
Your Practice Profile
Describe the services your practice will provide in brief. If a growth model is relevant, you may include it here.
Market Research
Include what you have discovered about the current marketplace, including what you know about competing providers, any relevant underserved needs, patient demographics and population growth. You can also include a profile for your typical or ideal patient here.
Implementation Plan
Create a timeline starting from creating your business plan to opening your doors. Describe how you intend to build your patient roster (e.g. marketing plan).
Projections & Budget
Outline your expected expenses and revenue in as much detail as you currently can. Try to predict at least the first 12 months.
An exit strategy is the one part of your plan you will likely not share with investors. However, it’s important to consider how you will transition, retire or recoup your investment, even if it’s years down the road.
Starting a medical practice or buying out an existing practice can be both challenging and rewarding. A detailed business plan can act as your GPS as you navigate the journey.
Don’t forget to factor in your own fulfillment as you create your plan. What works for the business should also work for you personally in terms of location, risk tolerance, nearby professional and personal networks, roster makeup and more. If your practice fulfills you both professionally and personally, it’s all the more likely to be successful.
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This article offers general information only and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBCx. or its affiliates.
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Medical Business Plan Templates
Template.net Offers Several Sample Medical Business Plan Templates. Use Them to Plan Your Startup Physical Therapy Clinic, Medical Devices/Equipment Store, Medical Laboratory, Hospital, Health Insurance Agency, or Any Medical-Related Business. You Can Edit Their Executive Summary, Marketing Strategy, and Other Important Sections in Adobe PDF. Download Now for Free! See more
Are you ready to open a medical business? Well, before that happens, you need to have a business plan first to ensure its success. And to help you write without hassle, you need one of our ready-made Medical Business Plan Templates . These templates are professionally written. These are 100% editable. So, what are you waiting for? Download now!
How to Write a Medical Business Plan
According to Bplans , reviewing your business plans for future spending decisions will help you spend wisely. So, before you start your medical business, you need to prepare your business plan. To help you start now, check out the tips below.
1. Write an Executive Summary
The first part of your business plan is your executive summary. Your summary must include your business's objectives and an overview of what your business is all about. Always keep this section short to not bore the startup investors and other readers of your plan .
2. Share Your Services
On this part, be sure to include the healthcare services or practices you will provide for your target market. List each service specifically to make your plan clearer. For instance, you can list orthopedic physical therapy services such as knee, sports medicine, back and spine, and trauma in your document .
3. Develop a SWOT Analysis
SWOT analysis is an analysis that shows your business's strengths, weaknesses, opportunities, and threats. It's not only limited to your business, but you can also use this to analyze your competitors. For example, suppose you're analyzing your competitor's clinic. In that case, you can write its weakness as a lack of medical equipment or medical device, and you can use it as your advantage, thanks to your analysis.
4. Include a Marketing Plan
Since you're still starting, not a lot of people know about your business. To solve that, you need to promote your business. Be sure to write how you're going to reach your target market. Include the type of promotion you will use: traditional (brochures, flyers ) or digital (email, social media).
5. Write an Operational Plan
Additionally, don't forget to include how you will operate your business in your baic plan outline. This section includes your team, payment details, and technology use. You can also write a table for the tasks your team will do. You can list their tasks, deadlines, and purpose of your team's tasks to complete.
6. Input Your Financial Plan
Money is a crucial part of your medical plan . You have to write your financial forecast. This section must have your startup costs, projected profit and loss statement, and projected balance sheet.
What kinds of medical business plans does Template.net offer?
We have medical practice business plan, medical laboratory business plan, medical clinic marketing plan, pharmacy business plan, and more.
How many medical business plans does Template.net have?
Template.net has 8+ business plans that you can choose from.
Do I need to download a medical business plan?
If you want to save money and time while writing your medical business plan, then download a template. A template helps you save your time. Templates even have suggestive content that you can use as your guide.
What available formats do medical business plans on this site have?
The templates on this are available in PDF, Microsoft Word (DOC), Google Docs, and Apple (MAC) Pages format.
Get Access to ALL Templates & Editors for Just $2 a month
Healthcare Business Plan Template
Healthcare business plan.
You’ve come to the right place to create your Healthcare business plan.
We have helped over 10,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Healthcare companies.
Below is a template to help you create each section of your Healthcare business plan.
Executive Summary
Business overview.
Riverside Medical is a family medical clinic located in San Francisco, California. Our goal is to provide easy access to quality healthcare, especially for members of the community who have low to moderate incomes. Our clinic provides a wide range of general and preventative healthcare services, including check-ups, minor surgeries, and gynecology. Anyone of any age or group is welcome to visit our clinic to get the healthcare that they need.
Our medical practitioners and supporting staff are well-trained and have a passion for helping improve the health and well-being of our clients. We serve our patients not just with our knowledge and skills but also with our hearts. Our clinic was founded by Samantha Parker, who has been a licensed doctor for nearly 20 years. Her experience and compassion will guide us throughout our mission.
Product Offering
Riverside Medical will provide extensive general care for all ages, creating a complete healthcare solution. Some of the services included in our care include the following:
- Primary care: annual checkups, preventative screenings, health counseling, diagnosis and treatment of common conditions
- Gynecology: PAP tests, annual well-woman exam, and family planning
- Pediatrics: infant care, annual physicals, and immunizations
- Minor procedures: stitches, casts/splints, skin biopsies, cyst removals, and growth lacerations
- Health and wellness: weight loss strategies, nutrition guidance, hormone balance, and preventive and routine services
The costs will depend upon the materials used, the physician’s time, and the amount designated for each procedure. Medical bills will be billed either directly to the patient or to their insurance provider.
Customer Focus
Riverside Medical will primarily serve the community living and working within the San Francisco bay area. The city is diverse and growing and includes people of all ages, ethnicities, and backgrounds. Everyone is welcome to visit our clinic to receive the health care they need.
Management Team
Riverside Medical’s most valuable asset is the expertise and experience of its founder, Samantha Parker. Samantha has been a licensed family doctor for 20 years now. She spent the most recent portion of her career on medical mission trips, where she learned that many people are not privileged to have access to quality medical services. Samantha will be responsible for ensuring the general health of her patients and creating a viable and profitable business medical practice.
Riverside Medical will also employ nurses, expert medical staff, and administrative assistants that also have a passion for healthcare.
Success Factors
Riverside Medical will be able to achieve success by offering the following competitive advantages:
- Location: Riverside Medical’s location is near the center of town. It’s visible from the street with many people walking to and from work on a daily basis, giving them a direct look at our clinic, most of which are part of our target market.
- Patient-oriented service: Riverside Medical will have a staff that prioritizes the needs of the patients and educates them on the proper way how to take care of themselves.
- Management: Samantha Parker has a genuine passion for helping the community, and because of her previous experience, she is fully equipped and overqualified to open this practice. Her unique qualifications will serve customers in a much more sophisticated manner than our competitors.
- Relationships: Having lived in the community for 25 years, Samantha Parker knows many of the local leaders, newspapers, and other influences. Furthermore, she will be able to draw from her ties to previous patients from her work at other clinics to establish a starting clientele.
Financial Highlights
Riverside Medical is seeking a total funding of $800,000 of debt capital to open its clinic. The capital will be used for funding capital expenditures and location build-out, acquiring basic medical supplies and equipment, hiring initial employees, marketing expenses, and working capital.
Specifically, these funds will be used as follows:
- Clinic design/build: $100,000
- Medical supplies and equipment: $150,000
- Six months of overhead expenses (rent, salaries, utilities): $450,000
- Marketing: $50,000
- Working capital: $50,000
The following graph below outlines the pro forma financial projections for Riverside Medical.
Company Overview
Who is riverside medical, riverside medical history.
Samantha Parker started the clinic with the goal of providing easy access to good quality health service, especially to those members of the community with low to moderate income. After years of planning, she finally started to build Riverside Medical in 2022. She gathered a group of professionals to fund the project and was able to incorporate and register Riverside Medical with their funding support.
Since its incorporation, Riverside Medical has achieved the following milestones:
- Found clinic space and signed Letter of Intent to lease it
- Developed the company’s name, logo, and website
- Hired a contractor for the office build-out
- Determined equipment and fixture requirements
- Began recruiting key employees with previous healthcare experience
- Drafted marketing campaigns to promote the clinic
Riverside Medical Services
Industry analysis.
The global healthcare market is one of the largest and highest-valued industries in the world. According to Global Newswire, the global healthcare services market is currently valued at $7548.52 billion and is expected to reach $10414.36 billion in 2026. This growth is expected to continue for the foreseeable future.
The biggest drivers of industry growth throughout the next decade will be a continual increase in illnesses and diseases as well as a quickly aging population. With more people aging and needing daily/frequent care, hospitals and medical clinics are bound to be in even more demand than they already are.
One obstacle for the industry is the rising cost of care. Though this results in greater profits, more and more Americans cannot afford basic medical care. Therefore, they are opting out of procedures they believe are unnecessary or unimportant.
Despite the challenges of the next decade, the industry is still expected to see substantial growth and expansion.
Customer Analysis
Demographic profile of target market.
Riverside Medical will serve the residents of the San Francisco bay area as well as those who work in the area.
The population of the area experiences a large income gap between the highest earners and the lowest earners. Therefore, it is hard for middle and lower-class families to find quality care that is affordable. As a result, they are in need of the services that we offer and are looking for accessible medical care.
The precise demographics of San Francisco are as follows:
Customer Segmentation
Our clinic is a general family practice and will treat patients of all ages, incomes, physical abilities, races, and ethnicities. As such, there is no need to create marketing materials targeted at only one or two of these groups, but we can appeal to all with a similar message.
Competitive Analysis
Direct and indirect competitors.
Riverside Medical will face competition from other companies with similar business profiles. A description of each competitor company is below.
City Medical
Founded in 2008, City Medical is a membership-based, primary-care practice in the heart of the city. City Medical offers a wide range of primary care services for patients who subscribe to the practice for an annual fee. Patients enjoy personalized care, including office visits, as well as the diagnosis and treatment of common health problems. The patient membership fee covers the services listed below, and most care is received in-office. However, some additional services, such as lab testing and vaccinations, are billed separately. Furthermore, though the annual fee is convenient for some, it is too high for many families, so many are priced out of care at this facility.
Bay Doctors
Bay Doctors is a primary care practice that provides highly personalized medical care in the office or patients’ homes. Bay Doctors includes a team of dedicated healthcare professionals with dual residency in Emergency Medicine and Internal Medicine. The practice offers same-day/next-day appointments, telemedicine, office visits, and home visits. Some of the medical care services they provide are primary care, urgent care, emergency care, gynecology, pediatrics, and minor procedures.
Community Care
Established in 1949, Community Care is a non-profit regional healthcare provider serving the city and surrounding suburbs. This facility offers a wide variety of medical services, including 24-hour emergency care, telemedicine, primary care, and more. In addition to their medical care, they have a wide variety of fundraising activities to raise money to operate the hospital and help families cover the costs of their care.
Competitive Advantage
Riverside Medical enjoys several advantages over its competitors. These advantages include:
Marketing Plan
Brand & value proposition.
The Riverside Medical brand will focus on the company’s unique value proposition:
- Client-focused healthcare services, where the company’s interests are aligned with the customer
- Service built on long-term relationships
- Big-hospital expertise in a small-clinic environment
Promotions Strategy
The promotions strategy for Riverside Medical is as follows:
Riverside Medical understands that the best promotion comes from satisfied customers. The company will encourage its patients to refer their friends and family by providing healthcare benefits for every new client produced. This strategy will increase in effectiveness after the business has already been established.
Direct Mail
The company will use a direct mail campaign to promote its brand and draw clients, as well. The campaign will blanket specific neighborhoods with simple, effective mail advertisements that highlight the credentials and credibility of Riverside Medical.
Website/SEO
Riverside Medical will invest heavily in developing a professional website that displays all of the clinic’s services and procedures. The website will also provide information about each doctor and medical staff member. The clinic will also invest heavily in SEO so the brand’s website will appear at the top of search engine results.
Social Media
Riverside Medical will invest heavily in a social media advertising campaign. The marketing manager will create the company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.
Riverside Medical’s pricing will be lower than big hospitals. Over time, client testimonials will help to maintain our client base and attract new patients. Furthermore, we will be able to provide discounts and incentives for lower-income families by connecting with foundations and charities from people who are interested in helping.
Operations Plan
The following will be the operations plan for Riverside Medical.
Operation Functions:
- Samantha Parker is the founder of Riverside Medical and will operate as the sole doctor until she increases her patient list and hires more medical staff. As the clinic grows, she will operate as the CEO and take charge of all the operations and executive aspects of the business.
- Samantha is assisted by Elizabeth O’Reilly. Elizabeth has experience working as a receptionist at a fast-paced hospital and will act as the receptionist/administrative assistant for the clinic. She will be in charge of the administrative and marketing aspects of the business.
- Samantha is in the process of hiring doctors, nurses, and other medical staff to help with her growing patient list.
Milestones:
The following are a series of path steps that will lead to the vision of long-term success. Riverside Medical expects to achieve the following milestones in the following twelve months:
3/202X Finalize lease agreement
5/202X Design and build out Riverside Medical location
7/202X Hire and train initial staff
9/202X Kickoff of promotional campaign
11/202X Reach break-even
1/202X Reach 1000 patients
Financial Plan
Key revenue & costs.
Riverside Medical’s revenues will come primarily from medical services rendered. The clinic will either bill the patients directly or their insurance providers.
The major cost drivers for the clinic will include labor expenses, lease costs, equipment purchasing and upkeep, and ongoing marketing costs.
Funding Requirements and Use of Funds
Key assumptions.
Below are the key assumptions required to achieve the revenue and cost numbers in the financials and to pay off the startup business loan.
- Year 1: 120
- Year 2: 150
- Year 3: 200
- Year 4: 275
- Year 5: 400
- Annual lease: $50,000
Financial Projections
Income statement, balance sheet, cash flow statement, healthcare business plan faqs, what is a healthcare business plan.
A healthcare business plan is a plan to start and/or grow your healthcare business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.
You can easily complete your Healthcare business plan using our Healthcare Business Plan Template here .
What are the Main Types of Healthcare Businesses?
There are a number of different kinds of healthcare businesses , some examples include: Nursing care, Physical home health care, or Home health care aides:
How Do You Get Funding for Your Healthcare Business Plan?
Healthcare businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.
What are the Steps To Start a Healthcare Business?
Starting a healthcare business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.
1. Develop A Healthcare Business Plan - The first step in starting a business is to create a detailed healthcare business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.
2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your healthcare business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your healthcare business is in compliance with local laws.
3. Register Your Healthcare Business - Once you have chosen a legal structure, the next step is to register your healthcare business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.
4. Identify Financing Options - It’s likely that you’ll need some capital to start your healthcare business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.
5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.
6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.
7. Acquire Necessary Healthcare Equipment & Supplies - In order to start your healthcare business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.
8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your healthcare business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.
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Explore our library of Medical Practice Business Plan Templates and find inspiration for your own business.
If you've never written a business plan before, Bplans also offers a library of sample medical business plans that you can review or even download to use as
Create a business plan for a medical office or any healthcare startup using this detailed business plan template. This healthcare business plan template
A business plan provides a snapshot of your medical office as it stands today, and lays out your growth plan for the next five years. It explains your business
The following healthcare business plan template can be used for all types of healthcare and medical practices.
Quickly create your Medical Clinic Business Plan Template - Download Word Template. Get 2000+ templates to start, plan, organize, manage, finance and grow
A solid business plan is the foundation of any successful medical practice. With a business plan you can identify potential issues upfront and devise a strategy
What to Include in a Business Plan · Executive Summary · Participants · Your Practice Profile · Market Research · Implementation Plan · Projections &
Template.net Offers Several Sample Medical Business Plan Templates. Use Them to Plan Your Startup Physical Therapy Clinic, Medical Devices/Equipment Store
Business Overview. Riverside Medical is a family medical clinic located in San Francisco, California. Our goal is to provide easy access to quality healthcare