Business Plan

Examine the provided scenario.

Scenario:

Acme Hospital is an 800 bed Tax assisted Teaching Hospital with a Level 1 Trauma Unit. Additionally, it has a very small Ob/Gyn Delivery unit which is constantly overcrowded. Acme has an opportunity to purchase a near-by 65 bed general hospital which has no Ob Unit and no ER.

You will develop a plan to purchase the General Hospital, fold its management into Acme and simultaneously open a Level 2 Trauma Unit (7500 square feet)and a 50 bed Delivery suite (5000 square feet) utilizing all private rooms. Your plan must discuss all approvals needed for the ER and Delivery Expansion. Assume no CON is required.

Plan on Acme’s Hospital Medical staff including Residents taking on the attending roles at the new hospital which will be designated Acme-East Regional Medical Center.

Refer to the documents

https://www.parklandhospital.com/developing-a-budget
https://www.aaem.org/UserFiles/file/thebusinessofem.pdf
https://www.fixr.com/costs/build-hospital
https://www.healthcatalyst.com/success_stories/labor-and-delivery-improvements-thibodaux

The Final Project Assignment:

Create a business plan (8–10 pages) that includes the following:

Executive summary

Program Overview: Location, Services, Other professional offerings, Staffing needs, Operating model

Market Profile: Market overview, Demand forecasting
Financial analysis: Capital requirements, Reimbursement model, Cost per patient visit

Pro forma (see https://www.ready.gov/business-continuity-plan, https://www.fixr.com/costs/build-hospital): Patient revenue, Operating expenses, Income from operations, Total expenses, Net cash flow

Note: The pro forma should be included in the document by transferring the information from the Excel spreadsheet to the Word document.