Last version published: 19/11/2018 09:29
Publication number: ELQ-93583-9
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Hospital Financial Model Excel Template
Understand the profitability of a Clinic/Hospital or New Initiative with this comprehensive Hospital Financial Model
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The purpose of the hospital financial model is to provide the user a useful tool to craft an effective strategy for business development and understand, whether the business idea is profitable or not.
The main purposes of the hospital financial model:
- to calculate overall costs of specialized clinic launch;
- to calculate expenses on salaries and wages of hospital workers;
- to calculate expenses on equipment, suppliers, management, education, and advertising;
- to estimate costs of debt and time needed to loan back;
- to calculate an average number of visits within a certain area (population);
- to estimate prices for each procedure;
- to find the main hospital financial performance indicators;
- to craft an effective strategy for business development.
It is a generic template so the user will need to tailor the expense assumptions and revenue inputs to their own needs
- GREAT JOB!
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