Assignment: Business Planning
Competencies
i. Apply critical problem solving skills through evidence-based and informed practices in organizational outcomes.
ii. Analyze financial information for the purpose of making viable management decisions.
iii. Evaluate healthcare information technology systems to ensure optimal performance outcomes in business and clinical processes.
iv. Develop sustainable operational processes that create opportunities to utilize best practices in patient care and business functions.
v. Design strategic plans for organizational change in alignment with socioeconomics, market forces, and trends.
vi. Analyze the various healthcare delivery systems and models needed to address population health needs.
Scenario
You have worked as a healthcare administrator for an assisted living facility for the past 10 years. In your role as administrator, your organization has achieved enormous growth and you have received accolades for your part in that growth. You have also gained an appreciable amount of experience in all facets of the operations. You feel as though the experience gained has positioned you to pursue your long-term goal of becoming a health services entrepreneur. You are preparing to develop a proposal for investors. Before you can seek assistance from potential investors, you must develop a business plan to "pitch" your idea.
Instructions
Create a business plan for a new health service organization (e.g., assisted living facility, dialysis clinic, wellness clinic, nursing home, or mobile clinic) that includes the following:
i. An executive summary
ii. A vision statement (discuss what your organization aims to achieve)
iii. Your mission statement (explain why your organization exists-its purpose)
iv. A description of the business structure (management team)
v. A SWOT analysis (include an environmental scan)
vi. A market analysis (include an analysis of the competition)
vii. A financial plan (include projections)
viii. Appendix (include any graphs from financial forecasts)
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.