Question: our financial plan should include: List of services your practice provides for telepsychiatry nurse practitioner private practice Estimate resources needed, startup costs, and capital requirement.
our financial plan should include:
List of services your practice provides for telepsychiatry nurse practitioner private practice
Estimate resources needed, startup costs, and capital requirement.
Estimate resources for implementing the business plan, including clinical site, office supplies, nursing supplies, medical equipment, license, insurance, legal services, accounting services, personnel and staffing, and nurses.
Describe how you plan to finance your business.
Where does the money come from? Personal savings account? A loan from a bank? What are the terms and conditions? Sources of funds can include cash reserves, loans, grants, and capital campaign proceeds. If you are planning to take out a loan to finance your business, make sure that you include the interest expense in your projections.
Prepare a year hypothesized monthly operating budget
The operating budget should include projected incomes and expenses. The projected incomes should include revenues from all services. It is important to list each significant revenue source. The projected expenses should include not only salary expenses but also nonsalary expenses. The personnel expenses should include wages and salaries as well as fringe benefits.
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