Textbook of Urgent Care Management: Chapter 2, Developing a Business Plan

By John Shufeldt

Learn how to develop a business plan from cover page to conclusion for your urgent care center. Book is perfect for investors, operators and walk-in center clinic managers. Read this book before you purchase your urgent care center, or when you decide your business needs an efficient and competitive business plan. Perfect for physician owners and administrators or those experienced in medical business management.

• Language: English
• Publisher: BookBaby
• Release date: Mar 15, 2014
• ISBN: 9781940288246

John Shufeldt

John Shufeldt is a serial student, an indefatigable change agent and a multidisciplinary entrepreneur who has studied the traits and qualities of extraordinary individuals for over three decades. In Ingredients of Outliers John guides us through a number of traits common to outliers and inspires us leave our comfort zones to join their ranks.John received his BA from Drake University in 1982 and his MD from the University of Health Sciences/ The Chicago Medical School in 1986. He completed his Emergency Medicine Residency at Christ Hospital and Medical Center in 1989 where he spent his final year as Chief Resident. John received his MBA in 1995, and his Juris Doctorate in 2005, both from Arizona State University. He is admitted to the State Bar in Arizona, the Federal District Court, and Supreme Court of the United States.He has started numerous health and non-health care businesses and continues to practice emergency medicine and law. He writes and lectures on a variety of subject matters to graduate medical, business and law students. He is an adjunct professor at the Sandra Day O’Connor College of law where he teaches a clinic on Health Law Entrepreneurism. He serves on the Drake University Board of Trustees and the Sandra Day O’Conner College of Law Alumni Board.You can find more information out about John and his work at www.ingredientsofoutliers.com

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CHAPTER 2

Developing the Business Plan

John Shufeldt

from

CHAPTER 2

Developing the Business Plan

John Shufeldt

WHETHER YOUR CLINIC IS already up and running or you are still in the stages of pulling everything together for the grand opening, writing a business plan is an invaluable process that can mean the difference between success and failure for your facility. Although you likely already know that writing a business plan is important, it is essential to also understand why you are doing it, so that you can leverage this iterative process to your fullest advantage.

Many entrepreneurs think of creating a business plan almost like a homework assignment that they have to do. In reality, a business plan is more a process than a physical document. Writing a business plan is a way to get you thinking critically and in detail about the dynamics of your clinic. It helps you ask questions that you would not have asked otherwise, and it helps you not only to think proactively about how you will build revenue but also to understand all of the interrelationships between the different facets of your organization by asking some of the right questions:

   How quickly will my revenue grow?

   How many patients can my staff realistically handle?

   How should I allocate facility space to maximize efficiency?

   What impact will economic