Wheatland Health Services

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Home Health Care Services Business Plan

Company Summary

Wheatland Health Services is a new Home Health and Social Service agency in its start-up stages. Our agency will be located in the heart of Southeastern Kansas and will provide the following services to patients and clients from Neodesha, Wilson, Montgomery and Labette Counties - all within a ninety mile radius of our offices:

  • Skilled Nursing
  • Nursing Aide
  • Social Work
  • Occupational, Physical, and Speech Therapy
  • Personal Injury Case Management

2.1 Company Ownership

Wheatland Health Services is a limited liability company owned and operated by Elizabeth G. Patzer, MSW/MPA and Marlon B. Patzer, M.S./M.Ed.

2.2 Start-up Summary

Wheatland Health Services is in its start-up stage, and consequently there are start-up costs and funding issues to address. The Start-Up Table, below, indicates in detail those costs which include the following:

  • BUSINESS DEVELOPMENT
  • RENTAL EXPENSE
  • OFFICE EQUIPMENT
  • OFFICE SUPPLIES
  • NURSING SUPPLIES

The table also demonstrates Assets needed for start-up and addresses potential funding sources which are to include cash investments made by each Owner, as well as a five-year 8% loan which will be needed in order to cover start-up costs.

Start-up
Requirements
Start-up Expenses
BUSINESS DEVELOPMENT $0
Attorney Fees - Setting Up Limited Liability Company $875
State of Kansas Home Health Agency License $100
Medisoft Billing Program plus Support $5,000
Professional Liability Insurance $3,000
*Assuming 25% down of $12,000.00 $0
Workman's Comp Insurance Deposit $500
Premises and Content Insurance Deposit $300
*Assuming 25% down of $1200.00 $0
Contract Retainer with PT/OT/ST $500
Inserted Row $0
RENTAL EXPENSE $0
Office Upgrades (Carpet and Paint) $3,000
Deposit plus First $400
*Assuming $200.00/Month $0
Phone Set Up (Excluding Phones) $250
Utilities Deposit $150
Post Office Box $26
Inserted Row $0
OFFICE EQUIPMENT $0
2 Computers (Fully Loaded) $3,000
4-in-1 Printer/Fax/Copier/Scanner $750
QuickBooks Pro $300
Phones $200
Pager $50
Inserted Row $0
OFFICE SUPPLIES $0
Stationary $200
Business Cards $150
Brochures $200
Other Misc. Office Supplies $450
Computer $0
NURSING SUPPLIES $2,500
Total Start-up Expenses $21,901
Start-up Assets
Cash Required $44,599
Other Current Assets $3,500
Long-term Assets $0
Total Assets $48,099
Total Requirements $70,000
Start-up Funding
Start-up Expenses to Fund $21,901
Start-up Assets to Fund $48,099
Total Funding Required $70,000
Assets
Non-cash Assets from Start-up $3,500
Cash Requirements from Start-up $44,599
Additional Cash Raised $0
Cash Balance on Starting Date $44,599
Total Assets $48,099
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $50,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $50,000
Capital
Planned Investment
Elizabeth Patzer $20,000
Investor $0
Additional Investment Requirement $0
Total Planned Investment $20,000
Loss at Start-up (Start-up Expenses) ($21,901)
Total Capital ($1,901)
Total Capital and Liabilities $48,099
Total Funding $70,000