![]() We created a Medical Practice financial model and home health care financial model for you to use with our financial projection software tool – ProjectionHub. You should have the following statements for at least 3 years in my opinion: The purpose of your projections are often to help convince yourself, lenders and investors that investing in your practice will provide a return on investment and that you won’t go Bankrupt! So what should be Included The purpose of your financial projections is not to perfectly predict exactly how many patients you will have, what your expenses will be and how much money you will make. Rather than going to get an MBA, my hope is this post will get you through the basics of projections to satisfy any lender or investor. If you are looking to secure a business loan or investor, you will probably be asked for a set of financial projections. In this blog post I am going to focus solely on how to create realistic financial projections for your practice. Bplans – Example Business Plan for a Medical Practice.Medical Economics – Going Solo: Startup Basics.There are a number of great resources on the web that will help guide you through the process of starting up or writing a business plan: If you are looking to start your own medical practice you probably have a lot of questions. ![]()
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