Prepare a business plan with financial projections for a joint

 Signature Assignment: Prepare a Business Plan with Financial Projections for a Joint Venture Outpaent Facility
Your final assignment has two parts. Based on the case below and using the Excel spreadsheet located in the Books and Resources for this Week area, you will first prepare a business plan for a joint venture outpatient facility, and then prepare a five­year financial projection for the venture.
ABC a not­for­profit Health System has been experiencing a small but steady decrease in market share over the last five years.   ABC has been facing increased competition from three competing health system in ABC primary and secondary service markets, who have opened outpatient facilities in the service areas, and from two national drug store chains who have opened urgent care centers in their stores.
ABC has not opened any outpatient facilities, ABC has believed that these centers do not increase market share and just “cannibalize†existing patients and increase the cost of providing service.  An example of ABC thought the process is opening outpatient radiology centers. 
ABC market survey has shown if they open an outpatient center 80% of the center’s volume would come from its existing facility.  Stand­alone the new center looks profitable, but if you account for the system as a whole the lost revenue from the existing facility causes the entire venture to be unprofitable. ABC would need to duplicate equipment and staff with only a minor increase in volume.  Given these facts, ABC has not opened outpatient facilities.
However competition has and over a five year period ABC has seen its market share in its primary service area decrease by 7%, and 12% in its secondary market.  ABC knows it needs to meet this competition in the long run, even if there are short­term losses.
ABC has been approached by the major mall which is right on the eastern border of its primary and secondary service area.  With the downsizing of retail stores, the mall has 70,000 square feet available for rent.  The mall operator has approached ABC to see if ABC would have interest in opening a healthcare facility in the available space. 
ABC believes the mall operator has also approached the other healthcare systems.  The mall operators are willing to pay for the necessary renovations to convert the space from retail to medical and will charge ABC the cost of the renovations in its rent over 15 years.
If ABC moves ahead with the project it will offer the following services at the location.
1. Surgical Center
2. Urgent Care Center
3. Radiology Services:
a. MRI
b. CT Scan
c. Ultrasound
d. Diagnostic Radiology
e. Pet Scan
For the success of the project, ABC is considering a joint venture model allowing physicians to be owners of the venture.  However, the physician ownership will dilute the income earned by ABC.  Also as a joint venture, the venture will need to be established as a for­profit company making it subject to federal and state taxes as a for­profit tax entity.
The Excel worksheet, which you will need to download, shows the projected volume, revenue, and expenses for each service and the percent new volume versus “cannibalizedâ€.  ABC projects for every $1 dollar of “cannibalized†revenue from its existing facility ABC could reduce costs $0.50.
Part 1:Prepare a business plan for a joint venture between physician groups and a healthcare system to provide outpatient services, which will include a discussion on the following:
The economic implications of the increase in competition between healthcare providers and the effect the growth of non­hospital­basedfacilities has had on the growth in healthcare cost in America. The state in which ABC operates does not have a Certificate­of­Need (CON) program.
CON programs require healthcare organizations to prove the community need for large expenditures and expansion of programs.
Without CON healthcare organizations can develop any programs they wish without the approval of a healthcare planning board.Consider the lack of CON in your answer and include a short pro and con of CON programs. 

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.


Research Papers

At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.


Thesis Writing Service

Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?


Custom Papers

Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.


Essay Writing

Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.


Coourse Work Writing

Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !


Dissertation Writing Service

High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.