The healthcare industry is growing at an incredible rate in the post covid world. There is an urgent need among the population for access to quality healthcare in their localities. This has led to a recent bloom in the number of new hospitals, medical centers, and group practices being established around the world. But starting something as large as a hospital or medical center can be a daunting task due to the finances and the mountain of formalities involved. This can be a problem for even the most seasoned businessperson. This is where our financial model template comes to the rescue!
Our simple plug & play-style financial model has been created by industry specialists, especially for the hospital and healthcare industry. Our template helps you calculate the costs of infrastructure, establishment, licensing, sourcing and logistics, while also calculating generalized payrolls and other recurring expenses.
Get a clear and accurate view of the short-term and long-term profitability and returns. Our model also helps you by helping you check your pricing structures and the breakeven amounts required for your hospital to run smoothly.
Plan the financials in starting a hospital venture with minimal effort as our templates do the heavy lifting for you.
Special feature provided in excel template
Detailed pricing assumptions on Outpatient and Inpatient for each department to know potential earnings.
OPD diagnostics and pharmacy pricing for radiology, pathology, pharmacy, scans and other testing procedures
Our excel template helps you to map and understand the expenses involved such as the recurring costs, maintenance charges and profit margins based on the fixed rates for the available treatments. Based on the available funds, forecasts can be made along with the expected returns.
Costs and Expenses included in Financial Model take into account fixed and repeated expenses such as
- Material and utility costs
- Salary for doctors
- Salary for Nurses
- Medical and non-medical staff wages
- other operating expenses for forecasts