Everyone who wants to start a business, and at the same time be useful to people, should pay attention to start-up in the field of the physical therapy clinic. After being treated by a therapist, a person does not always completely get rid of the disease or the complications caused by it. Often, the patient needs subsequent prophylaxis or additional healing procedures to avoid relapse of the disease, and physiotherapy can help with this issue. Its usefulness has long been proven; the effectiveness of the methods used allows one to treat patients successfully.
The competition in the market for physiotherapy services is low. In many cities, only a few medical centers specialize in halotherapy or mud therapy. Thus, opening your own business in this direction can become a profitable and quick-pay enterprise. But this is impossible without a detailed business plan.
Our experts have developed the template, which contains much useful information for the entrepreneur. In such a physical therapy business model, you will find all the information you need to open an enterprise successfully. The business plan will disclose the essence of the project entirely, accurate and current data on the market, the cost of resources will be collected, all the necessary and sufficient calculations of the required indicators will be made.
With our development, you will receive all the necessary data for the physiotherapy clinic setup. A detailed study of the project and compliance with the required standards will allow using the physiotherapy business plan to present the project to credit institutions for obtaining financial resources from private investors. It will be beneficial as a working tool in the implementation of the project.
For the physiotherapy clinic to make a profit, it is not enough to purchase the necessary equipment and hire staff. For it to become recognizable, to increase the number of clients, it is essential to organize the work correctly. And our physiotherapy business ideas will come in handy.
Physiotherapy Practice Financial Plan Template Will Help You
- Use 161 Currencies for inputs and outputs
- Create flexible, 5-year Expense Assumption Plan
- Set a population and its growth over 5 years
- Set percentage of the suffering of disease people
- Define disease suffering people percentage
- Plan count of visits for each treatment kind per year
- Define the number of patients as the proportion of sick people
- Price each treatment kind individually
- Outline patients acquisition seasonality
- Take into account visits seasonality
Benefits of using a Physiotherapy Financial Plan Excel Template
Simple and Incredibly Practical
Simple-to-use yet very sophisticated financial planning tool. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results. Additionally, you will receive uncompromised after-sales service and access to valuable tutorial videos and blog posts.
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
Convenient, All-In-One Dashboard
Includes all required forecasting reports, including assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months and years (incl. numerous graphs and KPIs).
Service Area Population-based
Most likely your clinic will provide services for a specific area. So, why don't you use the population number living there in your forecast? Input population starting point and assume for population growth for the next 5 years. This the is your target market to deliver your treatments.
Treatments & Patients
I bet you have more than one treatment...the template will help you organize up to 5 disease to analyze which treatments will you provide and the percentage of your population needs this kind of Treatment. This way you estimate how many people in your service market suffer from a disease from your list.
Most diseases are chronic therefore you have may assume for repeat visit over the year for the average patient. Entre average visits per patient per year here to count overall visits for a specific treatment kind. Finally by entering a price per visit you will get a revenue forecast.
Price Per Visit
If you have multiple treatments in list of your services than you would need to price each one individually. This way you may analyze each treatment kind performance.
Build your plan and pitch for funding
Impress bankers and investors with a proven, solid financial model that impresses every time.
Physiotherapy Financial Plan Template Reports
Save Time and Money
Excel-Financial-Model allows you to start planning with minimum fuss and maximum of help. No writing formulas, no formatting, no programming, no charting, and no expensive external consultants. Plan the growth of your business instead of fiddling around with expensive techy things.
Consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
Comparison of performance indicators in the model and in the industry.
Financial performance KPIs
Here is where you can track your core financial performance indicators in the form of charts.
Cash Burn Report
Having all the inputs in the cash flow statement, it is a benefit to have the cash burn rate calculated
Profit and Loss Statement
It indicates how much an enterprise earns, its income and expenses and its ability to gain money.
Cash Flow Statement
It is one of the most important reports because the main goal of each business is to generate cash flow. It shows how much you have consolidated money, how much is not enough when you need to attract additional financing.
5-year break-even analysis clearly presented with a chart and numeric.
Top Expense Category Report
It is very important to plan costs so that your company is profitable. It is necessary to analyze what are the highest costs and always work on their optimization. This report summarizes 4 biggest expense categories and the rest of the expenses as the “other”.
Operational performance graphs
Here you may visually track your key performance indicators in the form of charts.
Analysis of the revenue streams by each product category
Saves you time
Allows you to spend less time on finances and more time on your products, customers and business development.