How to Write an Effective Business Plan in Medicine

Jazayeri, Amir; Park, K.T.

doi:10.1053/j.gastro.2019.03.003

Cited by 2 publications

(3 citation statements)

References 4 publications

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“…Developing a business plan is crucial when establishing a PNGM program (7). The initial costs of hiring additional staff, purchasing equipment, and protecting provider time may appear daunting to some institutions, but the value of a well‐planned PNGM program can be demonstrated with a comprehensive business plan demonstrating a return on investment.…”

Section: Step 1: Developing a Business Planmentioning

confidence: 99%

A Guide to Establishing a Pediatric Neurogastroenterology and Motility Program

Patel

Sood

Ambartsumyan

et al. 2022

J. pediatr. gastroenterol. nutr.

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The purpose of this document is to provide guidance for establishing a pediatric neurogastroenterology and motility (PNGM) program, including considerations for personnel, equipment, and physical space requirements, and business planning, from members of the neurogastroenterology and motility (NGM) Committee of the North American Society for Pediatric Gastroenterology, Hepatology and Nutrition (NASPGHAN) who have developed PNGM programs at various institutions. A business plan defining the needs for required personnel, dedicated physical space, procedures, clinical care, and equipment storage is a prerequisite. Thoughtful logistical planning should address provider schedules, clinical visits, procedure coordination, and prior authorization processes. A business-plan outlining equipment purchase with projected costs, revenue generation, and goals for future growth is desirable for obtaining institutional support, which is imperative to building a successful PNGM program.

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Section: Step 1: Developing a Business Planmentioning

confidence: 99%

A Guide to Establishing a Pediatric Neurogastroenterology and Motility Program

Patel

Sood

Ambartsumyan

et al. 2022

J. pediatr. gastroenterol. nutr.

View full text Add to dashboard Cite

show abstract

“…The traditional business plan consists of seven typical components: an executive summary, business concept, market analysis, business strategy, financial plan, operations plan, and implementation plan (see Fig. 4) (4).…”

Section: The Business Planmentioning

confidence: 99%

“…It is critical that the business concept demonstrate that the practice cannot optimally satisfy clinical needs without the item that the business plan is requesting, such as equipment or services of select staff. The background builds the framework to then describe the unmet needs of the patient population (4,18). • Demonstrates how new investment will be integrated with personnel, office space and existing equipment (if applicable)…”

Section: Executive Summarymentioning

confidence: 99%