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Business Plan for a Health Clinic in Mayfield, Kentucky
Business Idea and Location
Mayfield Nursing Home is an upcoming health clinic that will be established in Mayfield, Kentucky, U.S.A. Mayfield is one of the vibrant cities in Kentucky, with a considerable population. The clinic will provide a variety of health care services for children and adults, including primary care, physical examinations, drug screening, as well as diagnosis and treatment. The clinic will be robustly committed to providing quality, safe, effective, timely, patient-centered, and affordable care. This is informed by the need to build, maintain, and enhance patient satisfaction, which will be our top priority. Commitment to patient satisfaction will be crucial for attracting and retaining customers. Services will be offered 7 days a week for 12 hours a day (8 am to 8 pm). The clinic will specifically be located along 100 South 6th Street in Mayfield. This location offers convenient access, ample parking, as well as plenty of room for expansion.
Business Structure
The clinic will be incorporated as a limited liability corporation (LLC) in the state of Kentucky. Compared to other structures,...
Assuming a price of $1.25 per square foot and an additional real estate tax of $0.15 per square foot per month, the total monthly expense for leasing site will be $2,100. This will total to $25,200 annually.
Employee Structure and Expenses
The clinic plans to deliver services 84 hours a week, with an average of 2 patients per hour. This will require a workforce of 7 people (the owner, 2 nurse practitioners [NPs], 2 licensed practical nurses, and 2 clerical staff members). The owner will work 35 hours per week, while the two part-time NPs will work 25 hours a week for $40 per hour. Practical nurses will work 40 hours a week for $15 per hour. Clerical members of staff will work 40 hours a week for $15 per hour. Based on this, monthly personnel costs will be $12,800. Annually, personnel costs will total to $153,600.
The owner will serve as the managing director. Though, he will be responsible for overseeing the day-to-day operations of the clinic, he will also participate in delivering patient services. The NPs will be responsible for providing patient services, while the practical nurses will support the NPs in providing the services. Clerical members of staff will be responsible for patient reception, front office management, coding, and billing.
Supplies
A great deal of supplies will be required to…
References
Andre, K., & Heartfield, M. (2011). Nursing and midwifery portfolios: evidence of continuing competence. 2nd ed. Australia: Elsevier.
Finch, B. (2013). How to write a business plan. 4th ed. London: Kogan Page.
Graham, J., & Kaye, D. (2015). A risk management approach to business continuity. U.S.: Rothstein Publishing.
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