MEDICAL PRACTICE BUSINESS PLAN TEMPLATE
If you ever thought about how to start a medical practice at least once in your life, then you came to the address. After all, diseases haunt people everywhere. Ecology of a big city, poor nutrition, sedentary work, or vice versa, excessive physical activity, fatigue, stress make us almost defenseless against diseases.
With the help of a qualified specialist, modern materials, and equipment, it is possible to carry out treatment of varying complexity. Demand for medical services will always be present in the market since almost every person at least once in his life seeks medical services. In this regard, the services of doctors have been and remain in demand, despite the high industry competition. But the launch of any enterprise is impossible without a clear developed concept and financial model. The business plan contains all required reports that tell how to value a medical practice. We are ready to offer you a high-quality Pro-forma model, designed for five years, with a detailed sample of a medical practice budget spreadsheet.
Why do you need this? It is worthwhile to understand that a detailed medical practice business plan will help to check profitability and valuation, plan annual incomes and predict expenses, investments, assess the needs and salaries of employees, and more.
Of course, it will not be easy to cope with such a difficult task alone. But even if you do not have a medical education, but got excellent organizational and entrepreneurial abilities, you can quickly solve administrative problems, then using our medical practice business plan, you can easily succeed.
Medical Practice Financial Plan Template Will Help You
- Simulate area population and its growth over 5 years
- Set percentage of the suffering of disease people
- Plan count of visits for each treatment kind per year
- Define patients count as a share of disease people
- Price each treatment kind individually
- Outline visits seasonality
- Calculate break-even point and return on investment
- Use 161 Currencies for inputs and outputs
- Plot your Startup Loans repayments
- Create flexible, 5-year Expense Assumption Plan
Benefits of using a Medical Practice Financial Plan Excel Template
Works for startups
Creates a financial summary formatted for your pitch deck.
Convenient, All-In-One Dashboard
Includes all required forecasting reports, including assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months and years (incl. numerous graphs and KPIs).
Service Area Population-based
Most likely your clinic will provide services for a specific area. So, why don’t you use the population number living there in your forecast? Input population starting point and assume for population growth for the next 5 years.
This the is your target market to deliver your treatments.
Treatments & Patients
I bet you have more than one treatment…the template will help you organize up to 5 disease to analyze which treatments will you provide and the percentage of your population needs this kind of Treatment.
This way you estimate how many people in your service market suffer from a disease from your list.
Visits count
Most diseases are chronic therefore you have may assume for repeat visit over the year for the average patient. Entre average visits per patient per year here to count overall visits for a specific treatment kind. Finally by entering a price per visit you will get a revenue forecast.
Build your plan and pitch for funding
Impress bankers and investors with a proven, solid financial model that impresses every time.
Update anytime
You can easily adjust inputs at the launch stage and throughout the further activities of your store to refine your forecast.
Confidence in the future
Using our financial model, you can effectively plan, prevent risks, manage stocks and cash flows and foresee your prospects for the next 5 years.
Medical Practice Financial Plan Template Reports
Save time and money
Via business plan for catering you can without effort and special education get all the necessary calculations and you will not need to spend money on expensive financial consultants. Your task is building a strategy, evolution, and creativity, and we have already done the routine calculations instead of you.
Pre-built Integrated Financial Statement Structure
All of the core financial statements (Balance sheet, income statement, cash flow and statement of shareholder’s capital) are precisely defined and connected with the inputs.
Break-Even Analysis
5-year break-even analysis clearly presented with a chart and numeric.
Capitalization table
Shareholder’s ownership dilution is calculated here. This tab consists of 4 rounds of financing.
Operational performance graphs
Here you may visually track your key performance indicators in the form of charts.
Industry benchmarks
Comparison of performance indicators in the model and in the industry.
Financial performance KPIs
Here is where you can track your core financial performance indicators in the form of charts.
Top Expenses
This tab displays your 4 biggest expense categories and the rest of the expenses as the “other”.
Loan Amortization Schedule
You can find this in the “Capital” tab, where you can see internal calculations of the loans, interest, and equity.
Valuation Report
With just a few rate inputs in the Cost of Capital, we have a Discounted Cash Flow valuation calculated.
Cash Burn Report
Having all the inputs in the cash flow statement, it is a benefit to have the cash burn rate calculated.
Build your plan and pitch for funding
Impress bankers and investors with a proven, solid financial model that impresses every time.
