Write a scenario where you are an administrator in a hospital system. The hospital system is building an outpatient facility and is including many departments in the hospital. Your job as administrator is to pick one

Write a scenario where you are an administrator in a hospital system. The hospital system is building an outpatient facility and is including many departments in the hospital. Your job as administrator is to pick one

is a scenario where you are an administrator in a hospital system.
The hospital system is building an outpatient facility and is including many departments in the hospital.
Your job as administrator is to pick one technology or service that relates to a procedure or service for
patients and write a business plan to incorporate this service or procedure into this building.
Examples for this project could be a piece of radiology imaging equipment, a piece of laboratory
equipment, a surgery device such as robotics, physical or occupational therapy equipment, etc. Be
creative. You are to pick one department and one service or procedure to add to this business. Feel free to
reach out to the instructor to discuss other opportunities you may be interested in using other than these
examples.
Your business plan will include:
 Project name (10%)
 An executive summary (10%)
 Project’s purpose including organizational need and mission statement.
o What do you want to achieve?
 Description of the services or procedures that you are proposing (10%)
 Ideal Patient Profile (May tie into Market Size and Competition) (10%)
o Envision the type of patient you want to treat.
o How old is your patient?
o Where does your patient live?
o Where do they spend their days?
o What is their income?
o What type of services do they want?
 Timeline (15%)
o Map out your timeline from initial research to opening your doors.
o Know when each step has to happen for maximum efficiency.
o If your time to opening is either too short or too long, it would cost you more money.
 Budget (15%)
o Research various costs in your area and create multiple scenarios for what you will spend
to open your practice.
o Plan A will be what you have to spend to get your doors open.
o Plan B will include what you will purchase if you have any money remaining from Plan
A.
o Plan C is for your ideal future plans, purchases, and upgrades as your practice becomes
profitable.
o How will this be funded?
 Market size and competition (10%)
o Check out other providers as well as payers in your area.
o What is your patient demographic?
o What are the expected charges for services you plan to provide?
 Short and Long-Term Goals (10%)
o Think again about where you want your practice to be in 1, 3, and 5 years. What will be
your annual revenue? Will you expand?
 Summary or Conclusion (10%)

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