Lindenwood University Business plan Williams Telehealth Center Case Study

Question Description

BusinessPlan: Williams Telehealth Center

Points

Submitting

a text entry box or a file upload

Preparatory Instructions

Regarding you Business Plan, think about all of the aspects that will require some type of monetary requirement. This list should now be finalized at this point in the course.

Introduce the Task

You will be constructing a 12-month budget for your selected business. You need to consider not only salaries but many other aspects like rent, utilities, equipment, possibly vehicle payments, cell phone bills, etc. In addition, your numbers need to be realistic. If your business is making 40 million dollars in year one, you simply are not be realistic of what most businesses experience.

Objectives

The objective is to help students realize that there are many, many expenses when it comes to running a business. In addition, it is to help students understand that just because you invoice for $200 does not necessarily mean that the insurance company is going to pay $200. Thus, these factors must be taken into consideration when determining how profitable or sustainable your business will be.

Examples

A sample of what this might look like is given below:

Pro Forma Cash Flow
	January	February	March	April	May	June	July	August	Septmeber	October	November	December	FY 2020
Cash Received

Cash from Operations

Cash from Receivables*	$14,400	$14,400	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$943,800
Contractual Adjustments (row c8 is an example)	($6,000)
Subtotal Cash from Operations	$8,400	$14,400	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$943,800

Additional Cash Received
New Current Borrowing	$55,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$55,000
New Long-term Liabilities	$700	$700	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,400
New Investment Received	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Subtotal Cash Received	$72,500	$29,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$1,000,200

Expenditures	January	February	March	April	May	June	July	August	September	October	November	December	FY 2014

Expenditures from Operations
Cash Spending	$1,500	$1,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Rent and NNN	$1,688	$1,688
Utilities	$600
Wages	$17,115	$17,115
Bill Payments	$1,100	$1,100	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Subtotal Spent on Operations	$22,003	$21,403	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Additional Cash Spent
Non Operating (Other) Expense	$3,916.00	$3,916	$3,916	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Taxes	$3,560.00	$3,560	$3,560	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Principal Repayment of Current Borrowing	$550.00	$550	$550	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,650
Purchase Other Current Assets	$3,800.00	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,800
Purchase Long-term Assets	$27,000.00	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$27,000
Dividends	$0.00	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Subtotal Cash Spent	$38,826.00	$8,026.00	$8,026.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$32,450.00

Net Cash Flow	$33,674	$21,474	$83,474	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$91,500	$967,750
Cash Balance	$33,674	$55,148	$138,622	$230,122	$321,622	$413,122	$504,622	$596,122	$687,622	$779,122	$870,622	$962,122	$967,750

* We are projecting co payments based on 150 patients. We arrive at the 150 patient figure by figuring that the population of children in our service area as around 134,700 Approximately 5% of these children have a type of disability. Assuming we will treat 1-2%of that population

The first two months are not going to yield payment from insurance due to billing cycles. It can take up to 90 days to see payments from insurance.

Deliverables

Your budget can be in an Excel spreadsheet OR you can submit a Word document.



^{Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."}

Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.