Opportunity
Problem
It is obvious that rural areas lack access to medical services. This also applies to XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXV, where Park Square is located.
Solution
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. Park Square Family Medicine will strive to provide services that exceed the expectations and make our business profitable.
Market
According to “Economic and Demographic Profile Report,” there’s a growing need for affordable healthcare in the nation and our region. Specifically, the local population (within 35 miles) is predicted to grow approximately 3.5% per year and has a population roughly around 160,000 people.
Competiton
Park Square Family Medicine falls under the umbrella of the larger medical industry. Private medical offices are small and often only one or two doctors. They can offer specialist or general services. These practices are well-suited for rural and semi-rural locations, which don’t often have enough people to support a larger hospital or medical group.
This town has five family physicians, and 160,000 potential patients within 35-miles. These favorable statistics are a great marketing tool because they offer a high patient-to doctor ratio.
Why Us
Park Square Family Medicine’s mission is to improve the health and well-being in the community by providing high-quality, accessible medical care for all ages. Park Square Family Medicine is dedicated to providing high-quality services that meet the needs of our patients. This will result in a profitable and successful business.
Expectations
Forecast
Our current forecast shows that we are not making realistic profits. Because we know that expenses will continue to rise, we keep it as is. They always do.
Financial Highlights by Year
Finance is required
A loan amounting to $288,000. The estimated $225,000 will be used to accumulate long-term assets. The rest will be used for startup expenses and physician expenses.
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