Writing a Business Plan for a Hospice
It is unfortunate fact of life that everyone passes away. Many people at the end of their lives turned to hospice in order to provide themselves were a loved one with the most comfortable atmosphere possible while their health declines. Deutsch and Thomas has worked with a number of hospice companies over the past 14 years. This has included standalone hospice facilities as well as agencies that provide hospice care directly in the home. We are familiar with all operating aspects of these businesses including the necessary medical and support staff that must be hired in order to provide the services the general public. Additionally, we are familiar with all the different ways in which these businesses generate revenue. Given the economic stability of these businesses, many banks and lenders are more than willing to provide a startup business loan or related line of credit in order to expand or develop the operations of a hospice facility
or agency. We can work very closely with you to develop the business plan to your exact specifications.
As any financial institution is going to want to see an expansive estimation of revenues and profits, we always provide our clients with a five-year financial model that features a profit and loss statement, common size income statement, cash analysis, balance sheet, breakeven analysis, as well as all applicable business metrics. We focus heavily on the economic stability of these businesses given that people are going to pass away regardless of whether or not the economy is doing well or is in a recession. We also develop a full-scale marketing and advertising plan that is included within the business plan that showcases how the business will develop referring relationships with physicians that specifically deal in end-of-life care or treat illnesses that can become terminal. This marketing advertising plan also includes substantial discussions regarding traditional forms of marketing as well as online marketing as well. As with all
business plans we develop we include all the necessary industry research specific to the hospice industry, local and regional market research, as well as a competitive analysis.
If you are interested in having Deutsch and Thomas develop a business plan for your hospice, please feel free to contact us anytime at 646-316-9844 four or through the contact us form on this website.