Question

Allen County Clinic has been growing rapidly in the past few years. Many of the patients they see are women needing prenatal   care and screening . To meet these needs Allen count clinic would like to open a new women health clinic.

Name 3 steps Allen County needs to take to ensure this is a viable option. Besides building an addition to the clinic What cost must be considered? What are some advantages and disadvantages of building a new clinic? What are some options for the clinic to fund for this new addition ?

Answer 1

• To start a new clinic, the main thing is the fund/ financing. Plan ahead for the required fund. Proper Infrastructure
• The next is Manpower. If it is a women clinic, specialised for gynecology, it is adviced to have Registered Midwives, Gynecologists, Care workers, Security, Trained Midwives
• It is adviced to have a tie up with insurance companies
• The clinic should be near to road side rather than interior. Proper transportation facilities should be adviced
• The clinic should be well equipped with ultra sound machine and a technician to handle
• License from a radiation department is necessary
• Clinic should have adequate parking facilities
• If it is a 24hours clinic a well established emergency unit with a staff , medicines and emergency equipments are adviced
• A well established sterilised department is necessary
• Get credentials
• Choose a legal structure
• To launch a small primary clinic it is estimated a minimum of 100000 US dollars
• Provide facilities for electronic health record systems ( EHR)
• The presence of certain professionals such as Certified Public accountant, Business attorney, Business coach, Insurance agent, Financial Planner, Investment advisor are recommended
• Marketing is necessary
• Establishing Policies, Procedures and compliance documentation
• Credit Card Processor, Medical Billing Service, Medical Transcription software ( Optional) and office manager are recommended
• To create the fund, Find the specialists. Submit your pro forma and request for a loan at 5 to 10 banks, Shop around, Maintain Conservative approach
• The disadvantages are delay of loans, Lack of proper infrastructure, Lack of proper transportation facilities, Less manpower, Less advanced marketing