Medical tourism business plan pdf

Determine: Who will perform these activities to meet targeted goals? Forces you to think systematically, realistically, and objectively about your medical tourism business. A reality check , determining the feasibility of your medical tourism business idea , which forces you to consider all relevant factors and assumptions.

Communication tool for all stakeholders: management, financials, partners, employees, customers, etc. A timetable for operations, helping you to coordinate all the diverse activities that go into running your own business.

Medical Travel, Inc. It will focus on helping upscale U. In May, 20XX the founders traveled to Thailand and the Philippines to meet with representatives of medical facilities to discuss the terms of a working relationship. To date, the Company has signed deals with three hospitals and two out patient clinics in Bangkok, Thailand and one hospital in Manila, the Philippines.

The Company will make all necessary arrangements for US patients to receive world-class medical procedures in Thailand, the Philippines and other Asian countries. The Company will arrange for initial consultations between patients and foreign doctors, schedule procedures and make all travel arrangements. For the procedure itself, the client will be contracting directly with the medical provider.

Financial arrangements, including necessary deposits, will be finalized before travel itineraries are booked and before the client is admitted to the medical facility. The Company will target upscale clients who seek cosmetic and other elective surgery procedures. Rather than spending the recovery period after surgery in their homes, these clients will prefer to spend time in a resort environment where all of their needs are met.

While these clients could afford the higher prices for cosmetic surgery in the United States, they would rather go abroad to receive treatment. They can spend the money they save on the treatment by indulging in a vacation.

Many clients will travel abroad with a spouse or a group of friends. Market indicators in the United States show that the prospects for medical tourism have great potential over the next decade and beyond. In 20XX, approximately , Americans traveled overseas for health care in other countries. The United States has 78 million people who were born in the baby boom generation, and the oldest members of this group turned 60 years of age in 20XX.

As people get older, their health care requirements go up. Meanwhile, medical costs are going up much faster than inflation.

These factors make medical tourism an increasingly more attractive option for patients in the United States, especially those that are uninsured and underinsured. As a premium medical tourism agency, the Company will offer its clients VIP service while they are traveling abroad.

In order to ensure the highest levels of customer service, the Company will contract with the premier medical facilities and service providers in foreign countries. The Company will invest in a best-in-class website that is designed to appeal to the sensibilities of upscale customers. The Company will seek to develop brand awareness among upscale clients by advertising in niche print publications that reach this audience.

By focusing on customer satisfaction, the Company expects to achieve strong word-of-mouth advertising as clients share their medical tourism experience with their close friends. The Company will seek strategic alliances and affinity relationships with a select group of upscale merchants in the Southern California region.

With 10 years of experience in the travel business, Ted Francis will provide overall leadership of the enterprise. He will work closely with Company founders Dr. Bob Robinson, MD, and Dr. The Company will be organized into two general departments — Service and Marketing. The Marketing department will be led by a Vice President of Marketing who will be in charge of promoting the Company to the target market.

As indicated in the attached income statements, the Company expects to achieve profitability by month This will be achieved by gradually increasing the number of clients per month from 3 in month 1 to 15 in month Given the current level of projections, the initial investment will be sufficient to carry the Company until it reaches a positive cash flow position. Remaining funds will be used to support business operations until the Company becomes self-sustaining.

The Company is formally incorporated under the laws of the state of California. Bob Robinson, MD, Dr. Donna Springfield, MD, and Ted Francis, who has 10 years of experience as the manager of a travel agency. In May, 20XX the founders traveled to India and the Philippines to meet with representatives of medical facilities in India and the Philippines to discuss the terms of a working relationship. To date the Company has signed deals with three hospitals and two out patient clinics in Bangkok, Thailand, and one hospital in Manila, the Philippines.

The Company plans on renting a 1, square foot office space in a medium sized building in or near downtown San Diego.

Write a business plan. Our plan is to position the business to become the leading brand in the medical tours line of business in the whole of Texas, and also to be amongst the top 20 medical tour agencies in the United States of America within the first 10 years of operation.

Business Plan. The increasing demand for medical tourism has led to the rise of several medical tourism businesses around the world. Setting up a medical tourism business is a lengthy process that needs proper planning in order to succeed.

Here are a few tips you need to keep in mind when developing an effective medical tourism business plan. How to start and manage medical tourism facilitation business? Deciding for medical tourism is never easy as it is a complex process. Lots of concerns and app Medical Travel, Inc. It will focus on helping upscale U.