Project – You are creating a business plan to add an outpatient lab located on Local Hospital campus. This plan is being submitted to senior leadership of Local Hospital for consideration.

Team 1 Project Discussion Forum

are creating a business plan to add an outpatient lab located on Local
Hospital campus. This plan is being submitted to senior leadership of
Local Hospital for consideration.

two documents will provide you with the information that you need to
complete this project. Use the assumptions given as the basis, and BE
CREATIVE to complete the rest.

Expectations –

Team 1 Final Finance Project

Business Plan Format

For this assignment, you will need to construct your paper using the following outline:

  • Title page to include the title of your paper, team number, class, and team members.
  • Table of contents listing all of the major sections that I am listing.
  • Executive Summary
    – This is a one page summary of your entire project.You are submitting a
    plan to an executive team, so include the facts of the project.What do
    you want money for, how much, how much will you make, why, etc.Keep in
    mind, in the real world, this may be the only thing that they read.If it
    is not specific, the project is rejected!
  • Organizational Plan
    – This will talk about how you will structure as far as FTE’s,
    Leadership, and how your proposed service ties into the mission of the
  • Marketing Segment – You can use some
    creative freedom here.What is the environment like, what is the
    competition for your service? How will you advertise? reach new clients?
    Who will you serve?
  • Financial Segment – Being a finance class, I expect this to be a focus.You need to discuss the assumptions
    listed below that would relate to this section.You should discuss the
    financial situation, but then you will need to submit a 5 year cash flow
    document, along with any others that reflect the operation of the
    business.You should also include NVP and IRR calculations as a way to
    justify the project.
  • Conclusion – Like the Executive Summary,
    this is important to a proposal. It should be less than one page, and
    contain the facts of your proposal, and why it should be approved.You
    should include the information that you concluded about the 5 year
    financial performance.

General Assumptions

of assumptions required for the financial portion of a business plan
typically include answers to the following questions (Example of Typical
Income Statement Assumption Information Requirements):

  • What types of revenue?
  • How many services will be offered to produce the revenue? (per month)
  • How much labor will be required? (FTEs)
  • What will the labor cost?
  • How many and what type of supplies, drugs and/or devices will be required to offer the service?
  • What will the supplies, drugs and/or devices cost?
  • How much space will be required?
  • What will the required space occupancy cost?
  • Is special equipment required?
  • If so, how much will it cost?
  • Is staff training required to use the special equipment?
  • If so, how much time is required, and what will it cost?
  • Identify how many of the assumption items listed in the example above can be found incorporated into your business plan.

    Specific Assumptions

    the following information to fill in the Excel Sheet loaded in your
    discussion forum.It will calculate a lot of the information that is
    being asked.You just need to enter this in the sheet, and can use part
    of it for your final submission.

    Capital Expenses:

    • Medical Equipment – $350,000
    • Construction – $100,000
    • Furniture – $30,000
    • IT System – $50,000
    • Contingency – 10,000

    Year One Volume:

    • 57,500 Specimens
    • $18 net revenue per specimen

    Organizational Structure:

    • 1 Manager – $60 per hour
    • 3 Lab Technologists – $30 per hour
    • 2 Receptionists – $15 per hour
    • The manager reports to the existing Director of Operations, who reports to the CEO (already existing, so no cost)


    • Medical Supplies – per unit – $4
    • Other Supplies – per unit – $1
    • Purchased Services (repair contracts for equipment) – $25,000 yr
    • Marketing – $45,000 yr
    • Licenses – $10,000 yr
    • Rent – $75,000 yr
    • Utilities – $3,500 yr

    Calculate Price

    Price (USD)