Class 111 - This week we discusses the topic of revenue generation; price and compentative advantage and how that relates to ways your will market yourself and your business. We also discussed the importance of tracking your accounts receivables. Remember revenues are not cash and cash is king so it is vital that you know what your makes up your accounts receiveable aging.
Please comment on the following:
In regard to completing the revenue template...how you will determine:
how many new pts each month?
how much will you charge for each of your services?
how often will you see your patients?
how many patients do you need in your patient pool?
how will you determine your patent attrition rate?
The second topic to comment on will be:
What specific marketing and advertising plans will you do the first 3-6 months of practice to meet your goals stated above? Be specific to the process. If you plan to host a health talk...what specifically does this mean and how exactly will you do this...
Comments are by "even" teams and due January 3rd. Have a safe and happy holiday break!
Alexis
Wednesday, 15 December 2010
Tuesday, 7 December 2010
Personnel Plan
Warning Even Teams - do not post to this blog - I have posted early due to having limited access to the internet...Even teams please refer to the Operating Plan posting to comment on which is the previous one. Odd Teams please blog after the Dec 8th class period. Thanks.
Class 111
Thank you Michelle Walker, Senior Director for Human Resources and Tom Tiemeier, CFO, on taking the time to share on the topics of hiring, firing, outside contractors, and other personnel issues.
This week we are thinking about the professional and hourly staff that we plan to have in our office. Don't forget to take into consideration any outside contractors you plan to use. You will want to keep in mind the hours and days of the week you plan to be open. The template - Page 8, has 3 employees listed but feel free to insert other columns. You will want to change the headings: Employee 1 to a position name - example: front desk am. You will want to have your narrative as well as your spreadsheet completed.
"Odd" Teams comment by December 13th.
Class 111
Thank you Michelle Walker, Senior Director for Human Resources and Tom Tiemeier, CFO, on taking the time to share on the topics of hiring, firing, outside contractors, and other personnel issues.
This week we are thinking about the professional and hourly staff that we plan to have in our office. Don't forget to take into consideration any outside contractors you plan to use. You will want to keep in mind the hours and days of the week you plan to be open. The template - Page 8, has 3 employees listed but feel free to insert other columns. You will want to change the headings: Employee 1 to a position name - example: front desk am. You will want to have your narrative as well as your spreadsheet completed.
"Odd" Teams comment by December 13th.
This week's topics to comment on are:
- what are three interview questions you would use when hiring a front desk person
- what type of services might use an outside contractor for and
- what are the pros and cons of using an outside contractor - be specific
- do you plan to accept insurance in your practice; why or why not
Have a great week. Alexis
Wednesday, 1 December 2010
Operating Plan
Class 111
We are down to around 85 days until graduation...the time is flying. Some challenges this term are the routine interuptions of part IV boards and the holidays. Time management is more important than ever.
This week in class, we talked about the operating plan for your business, goal setting, and how you can use a SWOT analysis to help clarify goal setting. This section is a major narrative you should be writing for the plan. Cumulatively your reader should now have a good understanding of who you are and what your are about...they should know where you plan to be in 5 years, understand the layout and scope of your office, who will be your support team - internal and external, how you plan to attract and retain your patients. You should have completed the template sheets that support these sections.
SWOT analysis is a good tool in helping in goal setting. I will link the utube vignette that relates to SWOT analysis. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. S & W are internal, O & T are external. When you are setting your goals for your first year of business remember to make them quantatative, measureable, with the end result in mind.
"Even" Teams comment by December 6th.
This week's topics to comment on are:
· specifically what resources will you use to research your start up costs
· what four goals will you establish as benchmarks during your first year ; one for each of the following areas - marketing, finance, human resource and production or number of pts/visits (new and est)
· comment on the time management you/your team is using for this project.
Have a great week. Alexis
We are down to around 85 days until graduation...the time is flying. Some challenges this term are the routine interuptions of part IV boards and the holidays. Time management is more important than ever.
This week in class, we talked about the operating plan for your business, goal setting, and how you can use a SWOT analysis to help clarify goal setting. This section is a major narrative you should be writing for the plan. Cumulatively your reader should now have a good understanding of who you are and what your are about...they should know where you plan to be in 5 years, understand the layout and scope of your office, who will be your support team - internal and external, how you plan to attract and retain your patients. You should have completed the template sheets that support these sections.
SWOT analysis is a good tool in helping in goal setting. I will link the utube vignette that relates to SWOT analysis. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. S & W are internal, O & T are external. When you are setting your goals for your first year of business remember to make them quantatative, measureable, with the end result in mind.
"Even" Teams comment by December 6th.
This week's topics to comment on are:
· specifically what resources will you use to research your start up costs
· what four goals will you establish as benchmarks during your first year ; one for each of the following areas - marketing, finance, human resource and production or number of pts/visits (new and est)
· comment on the time management you/your team is using for this project.
Have a great week. Alexis
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