Prepare a business plan with financial projections for a joint

 Signature Assignment: Prepare a Business Plan with Financial Projections for a Joint Venture Outpaent Facility
Your final assignment has two parts. Based on the case below and using the Excel spreadsheet located in the Books and Resources for this Week area, you will first prepare a business plan for a joint venture outpatient facility, and then prepare a five­year financial projection for the venture.
ABC a not­for­profit Health System has been experiencing a small but steady decrease in market share over the last five years.   ABC has been facing increased competition from three competing health system in ABC primary and secondary service markets, who have opened outpatient facilities in the service areas, and from two national drug store chains who have opened urgent care centers in their stores.
ABC has not opened any outpatient facilities, ABC has believed that these centers do not increase market share and just “cannibalize†existing patients and increase the cost of providing service.  An example of ABC thought the process is opening outpatient radiology centers. 
ABC market survey has shown if they open an outpatient center 80% of the center’s volume would come from its existing facility.  Stand­alone the new center looks profitable, but if you account for the system as a whole the lost revenue from the existing facility causes the entire venture to be unprofitable. ABC would need to duplicate equipment and staff with only a minor increase in volume.  Given these facts, ABC has not opened outpatient facilities.
However competition has and over a five year period ABC has seen its market share in its primary service area decrease by 7%, and 12% in its secondary market.  ABC knows it needs to meet this competition in the long run, even if there are short­term losses.
ABC has been approached by the major mall which is right on the eastern border of its primary and secondary service area.  With the downsizing of retail stores, the mall has 70,000 square feet available for rent.  The mall operator has approached ABC to see if ABC would have interest in opening a healthcare facility in the available space. 
ABC believes the mall operator has also approached the other healthcare systems.  The mall operators are willing to pay for the necessary renovations to convert the space from retail to medical and will charge ABC the cost of the renovations in its rent over 15 years.
If ABC moves ahead with the project it will offer the following services at the location.
1. Surgical Center
2. Urgent Care Center
3. Radiology Services:
a. MRI
b. CT Scan
c. Ultrasound
d. Diagnostic Radiology
e. Pet Scan
For the success of the project, ABC is considering a joint venture model allowing physicians to be owners of the venture.  However, the physician ownership will dilute the income earned by ABC.  Also as a joint venture, the venture will need to be established as a for­profit company making it subject to federal and state taxes as a for­profit tax entity.
The Excel worksheet, which you will need to download, shows the projected volume, revenue, and expenses for each service and the percent new volume versus “cannibalizedâ€.  ABC projects for every $1 dollar of “cannibalized†revenue from its existing facility ABC could reduce costs $0.50.
Part 1:Prepare a business plan for a joint venture between physician groups and a healthcare system to provide outpatient services, which will include a discussion on the following:
The economic implications of the increase in competition between healthcare providers and the effect the growth of non­hospital­basedfacilities has had on the growth in healthcare cost in America. The state in which ABC operates does not have a Certificate­of­Need (CON) program.
CON programs require healthcare organizations to prove the community need for large expenditures and expansion of programs.
Without CON healthcare organizations can develop any programs they wish without the approval of a healthcare planning board.Consider the lack of CON in your answer and include a short pro and con of CON programs. 

Custom Papers Pro
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.