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RAIM 440 New Business Planning in Healthcare • 5 Cr.

Description:

Covers planning and developing a new business venture within the healthcare industry. Includes plan development, pro-forma budget, estimates of market audience and planning, sources of financing, tracking response and success. Case studies are used to bring a contextual focus on specific departments and organizations in the healthcare industry. Prerequisite: RAIM 401 or permission of instructor.

Outcomes:

After completing this class, students should be able to:

  • Analyze the essential elements of a business plan and define associated terminology
  • Develop statement of purpose for new or other business scenarios for healthcare organizations
  • Evaluate the detailed market research needed to support the business plan and outline market research process
  • Develop business options and scenarios and compare each for strengths and weaknesses in the context of healthcare organizations
  • Outline operating procedures and resources, implementation, transition plans needed to support the new or other business scenarios in the healthcare industry
  • Evaluate risk to the existing operations associated with starting the new or other business scenarios in the healthcare industry
  • Develop detailed financial information, including loan, capital equipment and supply list, balance sheet, breakeven analysis, pro-forma income projections for healthcare organizations
  • Develop detailed documentation of assumptions upon which projections were based
  • Analyze sources of financing and develop recommendations
  • Develop presentation and supporting material to present new or other business scenario concept to various stakeholders and potential investors
  • Assess legal, ethical and conflict-of-interest issues that may relate to the launching of the new or other business scenario in the healthcare industry
  • Debate key elements in the selection of the management team for healthcare organizations
  • Develop communication plan and instruments to inform organization and relevant community

    Offered:

    v3.4.1.0

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    Contact info

    Bellevue College
    3000 Landerholm Circle SE Bellevue, WA 98007-6484 U.S.A.
    Work: (425) 564-1000