Answer These Business Plan Questions Before Presenting


Rather than presenting your business plan to funders only to hear difficult questions for the first time, why not think ahead of the questions funders will ask and incorporate those answers into the plan ahead of time? Here are some key questions and how you should go about answering them in your business plan.Why Are Your Chosen Managers Qualified?Funders are looking to see not just that the founders want to start the business in question, but that they have the qualifications to launch and run the business. They must at least have the qualifications to be hired to run a similar existing business.

Furthermore, some entrepreneurial skill from launching other businesses, products, services, or programs will be helpful. It should also be clear that each manager has functional experience in the areas which they will have responsibility for (such as operations, sales, marketing, finance, etc).Can This Business Scale Up?Investors will be especially interested in your business using its initial operations to create a foundation for much greater growth.

Wherever possible, explain how the business can add additional locations, products, services, or customer markets in the coming years, spreading the startup costs over more and more revenue. Investors will not be as attentive if your plan describes a small business which is created more or less to stay small.When Will The Business Break Even?Know when the business will reach break even from a cash flow standpoint (when monthly cash inflows begin to exceed cash outflows and the company no longer has to dig into cash reserves) and from the perspective of covering all of the initial startup costs and earning profit on top of that. Cash flow break even should occur within the first year if possible, while break even over startup costs may be in the first or second years generally. Funders want to see that your break even point is realistic, but that you are acting aggressively enough that it will not take too long.

Strategic Realignment to Affordable Care Organization Model Providers Perspective


"While physicians embark on such transformational healthcare model, their quantum of Medicare reimbursement, and its amicable distribution among themselves is sure going to be complex issue. Given such complex calculation on Medicare reimbursements and qualifying incentives, an external medical billing services that is best acquainted with Medicare environment becomes more pronounced."Browse all: physician medical billingAs time closes in on the Accountable Care Organization model of healthcare under Medicare, physicians across the US are busy realigning their practice models and alliances in congruence with the mandate of Section 3022 of the Patient Protection and Affordable Care Act (ACA). Commencing with January 2012, physician networks intending to participate in the program will be required to enter into an agreement with the Secretary to participate in the program for not less than a 3-year period, and be accountable for quality healthcare to at least 5,000 Medicare beneficiaries.

Coupled with the mandatory agreement with the Program Secretary, physicians also have an ominous task of setting up of mutually complimentary alliances among themselves that can efficiently enable division of diagnosis, treatment, and supervision of their target group of patients. Yet, incentives for keeping Medicare expenditure as minimum as possible will not be guaranteed until and unless the participation physicians:Commit themselves for evaluation vis-a-vis their ACO's patients' health needs Therefore, amidst such governing principles, the intending physicians need to realign their practices in a way that best meets the Accountable Care concept. While physicians embark on such transformational healthcare model, their quantum of Medicare reimbursement, and its amicable distribution among themselves is sure going to be complex issue.

Given such complex calculation on Medicare reimbursements and qualifying incentives, an external medical billing services that is best acquainted with Medicare environment becomes more pronounced.About - known for a healthy rapport with Medicare for more than a decade, and self-sufficient in the requisite qualification and competence, such as certification from American Association of Professional Coders (AAPC); expertise in advanced technology interface for medical billing and coding; proficiency in applying standard CPT, HCPCS procedure and supply codes, and ICD diagnosis coding as per CMS guidelines and HIPAA compliant medical reporting - should be a preferential recourse to physicians on the verge of forming Accountable Care Organization model.Browse all: medical billing companies, medical billing outsourcing