Medical Practice Business Plan Financial Model Excel Template

The Medical Clinic Business Plan will help know how to open a Healthcare Clinic, forecast and evaluate revenue and expenses, considering more factors than before

10 min readMay 16, 2019

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Medical Practice Financial Model Highlights

Five-year Medical Practice financial model Excel template for calculating how to open a medical clinic: check profitability, plan yearly revenues and forecast multiple expenses, investment, estimating needs for certain services, costs of procedures, salaries of employees, and so on. This template is very flexible because there is a Seasonality Setup tab for more clear planning and forecasting, and this template. Medical Practice Business Plan is more simple with the tables, charts, reports, and financial summaries. Equipped with detailed video instruction and helpful How to sections. Used by business owners, founders, and investors. Available for editing and use in Excel or Google Sheets. Compatible with Mac and Windows.

Overview

Healthcare clinic premium financial model Excel template helps to create a more clear business plan, to develop several scenarios, and to build a successful strategy. You can check profitability, plan yearly revenues and forecast multiple expenses, investments, to estimate needs for certain services, costs of procedures, salaries of employees, and so on.

Key features

Designed for easy building business plan considering main internal and external factors, including seasonality features.
You can forecast all expenses and evaluate your earnings.
Informative reports of the business clinic demonstrate the results of your activity.
Interactive dashboard gives an opportunity to plan the number of visits and prices of each procedure, the price per visit.
You can enter currency, margins and debt assumptions, discover costs of debt and time needed to loan payback.
This healthcare clinic premium financial model allows you to demonstrate summaries, financial charts and key reports open for editing, saving in PDF, printing and use in presentations.

Used by

Made for investors, founders, managers — CEO, CFO, COO, VP of Finance — or financial consultants and advisors that want to calculate exact revenue and expenses forecasts for business clinic with the healthcare clinic financial model.

Easy to use

Explicit and thorough tables and charts tested by experienced businessmen and designed for various periods and healthcare clinic sizes.

Edit anything

Unlocked for editing. Detailed formatting and color scheme instructions are given. Used in Microsoft Excel or Google Sheets. Add and calculate your own figures.

Personal support

All-day available personal support: online and on the phone services along with an instruction video for comfortable use. Built by professional financial modelers and businessmen.

Finmodelslab team did a great job building a quite complex, but easy to use, SaaS Financial Model for one of our USA based SaaS companies. Generally speaking, I recommend Finmodelslab highly.”
– John Howell, Software and technology investor

100+ users

of this model type from 2017 to today.

97% of users

say Finmodelslab models will help them accomplish their goals.

2 hours or less

is how long it takes to build a complete model, on average.

Why do you need a Medical Clinic business plan?

You can calculate all expenses, estimate needs for certain services, the costs of all procedures, and so on.
This hospital model template is a detailed guide on business plan preparation for a healthcare clinic
Medical Clinic Financial Model will help the business clinics to create main reports with the help of charts, graphs, presentations.

With the help of the Medical Clinic financial model, you’ll be ready to:

You’ll know which season is more profitable and plan a business more clearly.
You will be ready to demonstrate to investors or lenders a realistic clinic business plan with main financial information.
You’ll evaluate the main financial indicators for hospitals and can estimate future business income.

Healthcare Clinic Financial Model:
Features And Metrics from the revenue model to financials

In particular, it focuses on such critically important aspects as the following:

MEDICAL CLINIC BUSINESS PLAN FINANCIAL & OPERATIONAL METRICS

This tab demonstrates your clinic's business financial and operational metrics both in a long-term and short-term perspective.

Medical Clinic Financial Charts Revenue Breakdown and Operating Cash Flow

Medical Clinic Financial Charts Cash Balance and EBITDA

Medical Clinic Operational Charts Clinic Statistics and Revenue by Patient Type

Medical Clinic Operational Charts OPEX Productivity and Worker Productivity

Medical Practice Business Plan Reports

Reports are designed to present data in the form of tables and charts. Thus, the Healthcare Hospital Business Model templates show more details about the financial state of your startup and help promotes a better understanding of how to open a business clinic

MEDICAL PRACTICE BUSINESS PLAN DASHBOARD WITH CORE FINANCIAL METRICS

MEDICAL PRACTICE BUSINESS PLAN DASHBOARD GRAPHS

Healthcare Medical Clinic financial model has an interactive Dashboard with core inputs and main financial graphs like Profitability, Revenue Breakdown, Cash Flow.

Healthcare Medical Practice Dashboard Graphs. The left upper chart gives you a yearly revenue breakdown by treatments. The right upper one shows EBITDA, yearly profitability and EBITDA %. The lower charts show cash flow and cumulative cash flow, which includes operating, investing and financing.

MEDICAL CLINIC BUSINESS PLAN FINANCIAL AND OPERATIONAL GRAPHS

MEDICAL CLINIC BUSINESS PLAN FINANCIAL MODEL OPERATIONAL METRICS

With the help of this tab, you’ll be informed about expenditures required for the day-to-day functioning of the business clinic and how much revenue as well as operational expenses generates per worker and revenue by the patient.

HEALTHCARE BUSINESS PLAN FINANCIAL METRICS

Financial metrics show your financial health as well as an accurate prediction of future performance. So, you can evaluate such metrics as Revenue breakdown, operating cash flow, Cash Balance, EBITDA

MEDICAL PRACTICE BUSINESS PLAN FINANCIAL SUMMARY: INCOME STATEMENT, CASH FLOW, AND BALANCE SHEET

HOSPITAL BUSINESS MODEL BUSINESS PLAN FINANCIAL SUMMARY

This tab can help in decision making, to analyze a business financial statements, and to calculate a number of financial ratios with the data they contain to identify the company’s financial strengths and weaknesses and determine whether the company is a good investment/credit risk.

Hospital Model Financial Statements Summary Income Statement

Hospital Model Financial Statements Summary Cash Flow Statement

Hospital Model Financial Statements Summary Cash flow

HEALTHCARE CLINIC MODEL TOP REVENUE AND TOP EXPENSES REPORTS

HEALTHCARE CLINIC FINANCIAL MODEL TOP REVENUES

Top Revenue Depth demonstrates for you the main information of your Medical Clinic and you can choose a period to look and to analyze the results of healthcare activity of the particular period.

Medical Clinic Business Plan Top Revenue Depth

Medical Clinic Business Plan Top Revenue Bridge

MEDICAL PRACTICE BUSINESS PLAN FINANCIAL MODEL TOP EXPENSES

This tab of Medical Practice Business Plan templates regards your spending and divides into 4 groups: total salary and wages, placeholder 2, placeholder 3 and tax expenses. Everything else can be found in the Other section.

Medical Clinic Business Plan Top Expenses Summary

Medical Clinic Business Plan Top Expenses Depth

Medical Clinic Business Plan Top Expenses Bridge

HEALTHCARE MEDICAL CLINIC FINANCIAL MODEL VALUATION AND BREAK EVEN LEVEL REPORT

HOSPITAL BUSINESS MODEL BUSINESS PLAN BREAK-EVEN ANALYSIS

The break-even analysis helps to evaluate the effectiveness of your business decisions. You can evaluate the change in profits if the price of a product is altered or the number of losses that could be sustained if there is a sales downturn. This analysis helps to determine a point when the business will be profitable.

Medical Clinic Business Plan Break Even Analysis

HOSPITAL BUSINESS MODEL BUSINESS PLAN VALUATION

The business valuation is needed to have an up-to-date cost of healthcare clinic and to have an opportunity to successfully sell it if you needed.

Medical Practice Business Plan Template inputs and assumptions

To make a model alive you should use yellow cells to input assumptions.

HEALTHCARE CLINIC REVENUE AND SEASONALITY INPUTS

HOSPITAL BUSINESS MODEL BUSINESS PLAN DASHBOARD

This tab includes core inputs. In the Dashboard, you can type your own characteristics of the would-be income of your healthcare clinic.

Healthcare Medical Practice Dashboard. The left upper chart gives you a yearly revenue breakdown by treatments. The right upper one shows EBITDA, yearly profitability and EBITDA %. The lower charts shows cash flow and cumulative cash flow, which includes operating, investing and financing.

MEDICAL PRACTICE BUSINESS PLAN BUSINESS PLAN DASHBOARD REVENUE INPUTS

At the dashboard, you may find the Patient base assumptions section. Change the Treatment, %, to define Hospital’s Addressable Market Population. After, Change Patients, % which leads the percent that center will capture annually. Changing this will affect the number of potential patients in your clinic. Finally, — define Annual Visits for each treatment. — set the Price per visit by year. Now, you may check the very first output you get after your changes.

MEDICAL PRACTICE BUSINESS PLAN POPULATION INPUTS

At the Revenue tab, you may find the Starting Population and Patient Growth Rate. Change yellow cells for each year to see the impact on the Planned Population at the end of the year.

MEDICAL CLINIC BUSINESS PLAN SEASONALITY ASSUMPTIONS

Seasonality tab demonstrates the most profitable season and allows you to plan your business more clearly. The annual revenue estimated based on the average expected number of annual visits and the price of each procedure. Certain procedures are more popular in different seasons than the other — in this tab, you can estimate the average price for each procedure per one patient visit.

Clinic Premium Visits Seasonality Assumptions Go to the Visits Seasonality Assumptions. Here you may adjust visits for every month by changing the seasonality factor. All 5 treatments will be affected.

Clinic Premium Visits Seasonality Assumptions. Now you are ready to spread acquired patients within a year according to seasonality. Here you may adjust visits for every month by changing the seasonality factor. All 5 treatments will be affected.

HEALTHCARE BUDGET EXPENSES AND WAGES INPUTS

HEALTHCARE CLINIC FINANCIAL MODEL WAGES INPUTS

This tab helps to generate the staff plan and calculate the wages and salaries expenses. The wages tab contains the placeholder list. A placeholder can be a person, or position, or group of people. Each row specifies their hire and fire dates, annual salary and Full-Time Equivalent count. Besides, there are also annual salary raises, monthly bonuses, and tax rates. The wages tab easily allows you to calculate the expenses for the salaries of your personnel.

Healthcare Clinic Premium Wages. Use 1 line per employee/category and simply type in the hire date, fire date, and annual salary.

HEALTHCARE CLINIC FIXED EXPENSES INPUTS

In this tab, you can calculate hospital fixed costs: rent, advertising, medical director fee and other. These costs remain invariable regardless of the number of produced services or rendered procedures.

Healthcare Clinic Premium Fixed Expenses. You have multiple options of when to start to accrue the expense and when to end accruing. You may define periodicity of the accrue for each expense. It could be One-time, daily, weekly, bi-weekly, monthly, quarterly and etc.. This gives you the flexibility to manage expenses.

HEALTHCARE CLINIC VARIABLE EXPENSES INPUTS

This tab shows expenses, that can change depending on as % of Total Revenue.

Healthcare Clinic Variable Expenses. Type in the percentage of revenue (first 2 lines) to be spent or a cost per visit for each treatment.

MEDICAL PRACTICE BUSINESS PLAN CAPEX INPUTS

MEDICAL PRACTICE BUSINESS PLAN CAPEX ASSUMPTIONS & ASSETS

This tab demonstrates the money which will be used to purchase, improve or upgrade fixed assets, rather than used to cover the business’s day-to-day operating expenses. Capex is an important component in the determination of free cash flows in your business.

Medical practice Hospital Business Model Book Assets

MEDICAL PRACTICE BUSINESS PLAN DEBT AND CAPITAL INPUTS

HEALTHCARE CLINIC FINANCIAL MODEL DEBT & CAPITAL AND INVENTORY ASSUMPTIONS

If your clinic business needs a loan or attracting some capital investment you can easy to calculate and evaluate the debt obligation and will know how to involve the investments and how to open your own clinic.