Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
  • Medical Practice Financial Model
Originally published: 10/09/2020 12:38
Publication number: ELQ-28678-1
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Medical Practice Financial Model

The Medical Practice Financial Model, Perfect for all Medical Clinic business with all relevant inputs and tables.

Description
Our Medical Practice Financial Model designed to help you make informed principal business and financial decisions bases on accurate reporting. The Medical Practice Financial Model will help users forecast and evaluate revenue and expenses and consider all relevant factors.

The medical services industry is quite vulnerable. However, considering all the possible risks in advance, you can reduce or manage your business risk. The main thing is to design and use a good business finance plan that may build a client's trust in your clinic. We believe your business may need an accurate financial projection for a successful run. Therefore, Oak Business Consultant presents you with Medical Practice Financial Model which helps you to analyze your financial viability.

This versatile Medical Practice Financial Model, designed and developed by the professionals, will assist in computing the startup summary, 60 months detailed monthly and yearly profit and loss statement, major expenses, and KPI to measure business performance. A Medical practice financial model will also allow you to estimate the cost of the procedure, employee’s salaries, needs for certain services, etc. The non-complex design and structure of this model will help the medical staff and manager to determine ROI and practice inefficiencies

The input sheet will be based on the assumptions which are as follow:

• Investment
• Cost of Services
• Tax rate
• Employees monthly Payroll
• Capital Expenditure
• Operating Expenses

The revenue Sheet will include

• # of new clients from advertising
• # of new organic clients
• % of new clients that become ongoing clients
• Total New Clients
• # of New Active Clients
• # of clients that leave
• Average monthly spend per active client
• $ amount spent on the first visit
• First Visit Revenue
• Ongoing Patient Revenue

The contents of the Financial Model

Input Sheet

The model contains inputs that, when changed, impact the calculations and, therefore, the changes are applied to all relevant sheets. Since our financial model always has built-in flexibility, it displays different outcomes or final calculations based on changing a few key inputs.

Startup Summary with Cost segmentation and Utilization Funds Chart

Since the table allows the user to calculate startup business costs for the first year, the initial investment amount required from the investors or a bank loan is easily understandable.

5-Years Detailed Monthly and Yearly Profit and Loss Statement

The monthly Income Statement sheet for Medical Practice Financial Model is perfect for those who require regular reporting and details. Additionally, Income Statement contains all revenue streamlines with gross earnings, net earnings linked with revenue analysis to ensure accurate reporting. We understand the goal of every medical practice business, is to make a profit for that there must be a mechanism that helps the business owners to determine whether they are making profits or otherwise.
Furthermore, the Yearly Income Statement gives you complete insights into revenue and general & administrative expenses. The Yearly Income Statement also contains several graphs, assumptions, ratios, margins, net profit, earning, cost of services, and profit after tax.
Balance Sheet Statement

Since the statement provides the user with a complete overview, it also includes the current 5- year's projection of your Assets and Liabilities and Equity Accounts.

Cash Flow

We prepared receivable and payable days to help users accurately predict cash activities, including free cash flow to the firm. Hence, these receivable and payable days are set as Input that allows the customer to make changes anytime he wants.

5-years Project Evaluation

Since the table calculates Return on Investment, Investor’s Future Equity Share, and Cash Burn Rate Analysis, analyzing the company's performance becomes easy.

Break-Even Analysis

The break-even analysis will help you to know at a glance the profits generated at the various levels of sales. The safety margin refers to the extent to which the business can afford a decline before it starts incurring losses. The Break-Even Analysis refers to the point where your total sales contribution refers to fixed cost at zero profit and loss situation. This Technique primarily based on the marginal costing which behaves differently at a different at a variety level of output activity.

Diagnostic Tools

Since we added a unique table that automatically calculates the data, it provides financial commentary about the company's financials.

Benefits of Using This Medical Practice Financial Model Excel Template

Confidence in the future

Using our Medical Practice Financial model, you can easily make effective plans, manage risk and cash flows, and project your prospects for the next five years.

Graphical Visualization

In our Medical Practice Financial model, all necessary Calculations and estimation are visually represented on a dashboard. You don’t need to move sheets to compare data.

New Patients Acquisition

Clinics also invest money in advertising to acquire new patients. So, you will have an advertising budget and a new patient cost of acquisition calculation fields in the template. This way, you will estimate newly acquired patients.

Update Easily

You can easily update your template and forecast by input the data in a respected sheet anytime easily

This Best Practice includes
1 Excel Model

Acquire business license for $300.00

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