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Developing an effective business plan.

L B Lehman1

  • 1MultiPlan, Inc., New York City 10003, USA.

Medical Interface
|May 7, 1996
PubMed
Summary
This summary is machine-generated.

Physician and managed care executives often need to create business plans for new market ventures. This guide outlines the essential components and strategic approach for developing effective business plans.

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Area of Science:

  • Healthcare Management
  • Business Strategy
  • Executive Leadership

Background:

  • Managed care and physician executives frequently encounter the need to develop business plans.
  • Business plans are critical for launching new products or service lines in the healthcare market.

Purpose of the Study:

  • To provide a comprehensive guide for healthcare executives on developing business plans.
  • To outline the key considerations and methodologies for creating realistic and effective business plans.

Main Methods:

  • The abstract suggests a descriptive approach, detailing the components of a business plan.
  • It focuses on the process and strategic considerations for physician executives.

Main Results:

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  • The article details the essential elements that constitute a well-structured business plan.
  • It offers guidance on the optimal approach for physician executives to undertake this task.

    • Conclusions:

    • Developing a business plan is an essential skill for healthcare leaders.
    • A thoughtful, comprehensive, and realistic business plan is key to market success.