Hca311 Business Plan for Simple Medical Billing

Business Plan for Simple Medical Billing

HCA311: Health Care Financing & Information Systems

Business Plan for Simple Medical Billing

Table of Contents

I. Introduction…………………………………………………………………..…...pg. 3

II. Executive Summary………………………………………………………….……pg. 3

III. Service and/or Equipment Description…………………………………………....pg. 5

IV. Organization Plan……………………………………………………….…………pg. 6

V. Marketing Plan…………………………………………………………………….pg. 8

VI. Financial Analysis……………………………..…………………………………..pg. 9

a. Typical Income Statement assumption information requirements

b. Different types of revenue

c. Services that will be offered to produce the revenue

d. Labor that will be required

e. The cost of labor

f. Different types of supplies and devices that will be needed for the service.

g. The cost of supplies and devices

h. How much space will be required

i. Space occupancy cost

VII. Conclusion……………………………………………………………….………pg. 11

VIII. References…………………………………………………………………….….pg. 12

Business Plan for Simple Medical Billing

This is a business plan proposal to start an organization called Simple Medical Billing. I will be providing you with concise reports to why medical billing is needed in the health care organization. I will share what services Simple Medical Billing can provide, as well as the equipment that will be needed for those services. In this paper, I will provide an organizational plan, marketing plan, and a financial plan. Overall this proposal will be a well-thought-out business plan that is constructed for a successful outcome.

II. Executive Summary

Medical billing translates a health care service into a billing claim. The responsibility of the medical biller is a health care facility is to follow that claim to ensure the practice receives reimbursement for the work the providers perform. A knowledgeable biller can optimize revenue performance for the practice (AAPC, 2014).

Not only will these...