The Medical Group
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.
|Research and development||$40,000|
|Total Start-up Expenses||$95,000|
|Other Current Assets||$5,000|
|Start-up Expenses to Fund||$95,000|
|Start-up Assets to Fund||$255,000|
|Total Funding Required||$350,000|
|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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$350,000|
|Loss at Start-up (Start-up Expenses)||($95,000)|
|Total Capital and Liabilities||$255,000|
The mission of TMG is to provide a management structure that will allow physicians to access more managed care revenue.
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.
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.