Medical Services Management Business Plan

The Medical Group

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Company Summary

TMG was founded in July 1999 in Irving, Texas as a management service organization. TMG is a Texas Corporation, with principal offices located in Irving. 

Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $2,000
Sales Materials $10,000
Consultants $14,000
Insurance $1,000
Rent $2,000
Research and development $40,000
Expensed equipment $20,000
Other $4,000
Total Start-up Expenses $95,000
Start-up Assets
Cash Required $250,000
Other Current Assets $5,000
Long-term Assets $0
Total Assets $255,000
Total Requirements $350,000
Start-up Funding
Start-up Expenses to Fund $95,000
Start-up Assets to Fund $255,000
Total Funding Required $350,000
Assets
Non-cash Assets from Start-up $5,000
Cash Requirements from Start-up $250,000
Additional Cash Raised $0
Cash Balance on Starting Date $250,000
Total Assets $255,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Michael Johnson $50,000
Seed Financing $300,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $350,000
Loss at Start-up (Start-up Expenses) ($95,000)
Total Capital $255,000
Total Capital and Liabilities $255,000
Total Funding $350,000

2.1 Mission

The mission of TMG is to provide a management structure that will allow physicians to access more managed care revenue. 

2.2 Strategy

TMG's market strategy is to build on its core alliance with the leading group of doctors in Denton County, using the company's expertise in the healthcare industry, along with its unique knowledge of the walk-in market and its extensive experience with managed care payors, regulation, and management. 

2.2.1 Strategic Alliances

The company has developed a strategic alliance with medical centers. These alliances are valuable to TMG because these Medicare systems will support development, and because they can also provide, under contract, infrastructure services that will enable TMG to avoid costly infrastructure start-up costs and delays as it moves into operations.

2.3 Risks

The only risk that TMG realistically faces in the marketplace is that of developmental delays, which may extend the period before profitable operations are initiated. To mitigate this risk, TMG has made several conservative assumptions in the development of its operational budget.  Operational staff levels are directly related to membership enrollment of walk-in patients. Once operational status is obtained, profits are ensured. 

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Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $2,000
Sales Materials $10,000
Consultants $14,000
Insurance $1,000
Rent $2,000
Research and development $40,000
Expensed equipment $20,000
Other $4,000
Total Start-up Expenses $95,000
Start-up Assets
Cash Required $250,000
Other Current Assets $5,000
Long-term Assets $0
Total Assets $255,000
Total Requirements $350,000
Start-up Funding
Start-up Expenses to Fund $95,000
Start-up Assets to Fund $255,000
Total Funding Required $350,000
Assets
Non-cash Assets from Start-up $5,000
Cash Requirements from Start-up $250,000
Additional Cash Raised $0
Cash Balance on Starting Date $250,000
Total Assets $255,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Michael Johnson $50,000
Seed Financing $300,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $350,000
Loss at Start-up (Start-up Expenses) ($95,000)
Total Capital $255,000
Total Capital and Liabilities $255,000
Total Funding $350,000