The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants

Crafting a Business Plan and Starting a Medical Practice [A “Live” Audio-Conference]

Conference Registration: http://www.audioeducator.com/hospitals-and-health-systems/business-plan-for-medical-practice-013012.html

Wednesday, Jan 30th, 2013 at 1 PM, EST for 60 minutes

By Staf Reporters www.CertifiedMedicalPlanner.org

The “Business Plan” is a key tool for raising start-up capital for a new medical practice, or financing a medical / surgical service line extension for a mature one. It is also used for acquiring loans to finance growth of an existing practice.
Although long recognized as a quintessential business tool, its’ formal structure and mental rigor are only now being recognized in the medical community as competition increases in the healthcare industrial complex.

Reasons for the Plan

There are many reasons to write a medical practice business plan. The process of gathering, compiling and analyzing information is an invaluable experience to the beginning practitioner, or experienced veteran physician. Our expert Dr. David E. Marcinko MBA CMP™ will discuss all these, step by step in this 1-hour enlightening event.

See the steps below:

• Determine the feasibility of a new practice start-up.
• Raise money from investment bankers for a new practice.
• Obtain financing to expand an existing office or turn-around a declining satellite.
• Develop an operational strategic plan and conduct due diligence.
• Create a budget, time frame or business direction for a practice.
• Unmask potential problems, risks or benefits of a medical practice.
• Focus on market opportunities by determining revenue centers or cost drivers.
• Persuade third party payers, networks and insurance carriers that your practice has a future and represents a viable synergistic partner for their organization.

As an attendee you will get:

• Power Point slide presentation.
• Time-line checklist to new medical office launch.
• Topical comprehensive white paper.
• Electronic blog forum for further information.

Dr. Marcinko in this 60-minute conference will present to you:

• Executive Summary: Where you concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it’s needed.
• Pro-forma Cash Budgets and Financial Statements: You’ll learn to how effectively use your data and underlying assumptions to prepare information that your banker can easily read and buy into.
• Doctor’s Personal Financial Statements: Learn how to use copies of the last 3 years of personal tax returns for the bank as well as identify the collateral being pledged as security for the loan.
• Representation: Here is where this presentation is invaluable.

Ask a question at the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.

Who should attend? Medical students, interns, residents and fellows, New, mid-career and mature medical practitioners, Office managers, clinic administrators, healthcare CXOs and physician / nurse executives, All doctors who wish to be employers; not employees.

http://businessofmedicalpractice.com/chapter-3-2/

Why use AudioEducator?

• Save money on travel. Our conferences are available from the comfort and convenience of your own office or meeting room.
• Meet your specific training needs. Whether you attend a live event, load up one of our encore broadcasts, or purchase a CD or PDF transcript — you’ll get the information you need on your schedule.
• Keep learning after the event. Every conference purchase includes the speaker’s materials so you can keep learning long after the conference is over.
• Save time training your whole staff. Gather around a speaker phone or computer and enlighten your entire team for one low price.
• Do you work with a virtual team or multiple locations? Ask our customer specialists about discounts for your whole staff.

REGISTER HERE

http://www.audioeducator.com/speakers/index/speaker/600

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www.BusinessofMedicalPractice.com

Filed under: Career Development, CMP Program, iMBA, Inc., Practice Management, Touring with Marcinko, Videos | Tagged: Audio Educator, business plan, certified medical planner, CMP, Crafting a Business Plan and Starting a Medical Practice, Medical Business Planning, Venture Capital, www.CertifiedfMedicalPlanner.org | Leave a comment »