Description

Medical Practice Excel Financial Model

Our  Medical Practice Financial Model is designed to help you make informed principal business and financial decisions based on accurate reporting. The Medical Practice Financial Model Excel template contains all relevant factors and tables.

Since the medical services industry is quite vulnerable. However, considering all the possible risks in advance, you can reduce or manage your business risk. Hence, the main thing is to design and use a good business finance plan to build a client’s trust in your clinic. We believe your business may need an accurate financial projection for a successful run. So, Oak Business Consultant presents you with the Medical Practice Financial Model Excel template, which helps you analyze your financial viability.

This versatile Medical Practice Financial Model Excel template, designed and developed by our professionals, will assist in computing the startup summary, 60 months detailed monthly and yearly profit and loss statement, major expenses, and KPI to measure business performance. Therefore, this Medical practice financial model will also allow you to estimate the procedure’s cost, employees’ salaries, needs for certain services, etc. Hence, this model’s non-complex design and structure will help the medical staff and manager determine ROI and practice inefficiency.

The input sheet will be based on the assumptions, which are as follows:

• Investment
• Cost of Services
• Tax rate
• Employees Monthly Payroll
• Capital Expenditure
• Operating Expenses

The revenue Sheet will include

• No. of new clients from advertising
• No. of new organic clients
• Percentage of new clients that become ongoing clients
• Total New Clients
• No. of New Active Clients
• No. of clients that leave
• Average monthly spend per active client
•  Average Amount spent on the first visit
• First Visit Revenue
• Ongoing Patient Revenue

Excel Financial Model Contents for Medical Practices

Input Sheet

The model contains inputs that, when changed, impact the calculations and, therefore, the changes are applied to all relevant sheets. Since our financial model always has built-in flexibility, it displays different outcomes or final calculations based on changing a few key inputs.

Startup Summary with Cost segmentation and Utilization Funds Chart

 

Since the table allows the user to calculate startup business costs for the first year, the initial investment amount required from the investors or a bank loan is easily understandable.

5-Years Detailed Monthly and Yearly Profit and Loss Statement

 

 

The monthly Income Statement sheet for Medical Practice Excel Financial Model is perfect for those who require regular reporting and details. Additionally, Income Statement contains all revenue streamlines with gross earnings, and net earnings linked with revenue analysis to ensure accurate reporting. We understand every medical practice business’s goal is to make a profit for that; there must be a mechanism that helps the business owners determine whether they are making profits or otherwise.

Furthermore, the Yearly Income Statement gives you complete insights into revenue and general & administrative expenses. The Yearly Income Statement also contains several graphs, assumptions, ratios, margins, net profit, earnings, cost of services, and profit after tax.

Balance Sheet Statement

 

Since the statement provides the user with a complete overview, it also includes the current 5- year projection of your Assets and Liabilities and Equity Accounts.

Cash Flow

 

Since we prepared receivable and payable days to help users accurately predict cash activities, including free cash flow to the firm. Hence, these receivable and payable days are set as Input that allows the customer to make changes anytime he wants.

5-years Project Evaluation

 

Since the table calculates Return on Investment, Investor’s Future Equity Share, and Cash Burn Rate Analysis, analyzing its performance becomes easy.

Break-Even Analysis

 

The break-even analysis will help you know at a glance the profits generated at the various sales levels. The safety margin refers to how the business can afford a decline before it starts incurring losses. The Break-Even Analysis refers to the point where your total sales contribution refers to fixed cost at zero profit and loss situation. This Technique is primarily based on marginal costing, which behaves differently at various levels of output.

Diagnostic Tools

 

Since we added a unique table that automatically calculates the data, it provides financial commentary about its financials.

Dashboards

 

Benefits of Using This Medical Practice Financial Model Excel Template:

Confidence in the future

Using our Medical Practice Financial model, you can easily make effective plans, manage risk and cash flows, and project your prospects for the next five years.

Graphical Visualization:

Furthermore, In our Medical Practice Excel  Financial model, all necessary Calculations and estimations are visually represented on a dashboard. You don’t need to move sheets to compare data.

New Patients Acquisition:

Clinics also invest money in advertising to acquire new patients. You will have an advertising budget and a new patient cost of acquisition calculation fields in the template. This way, you will estimate newly acquired patients.

Update Easily:

 You can easily update your template and forecast by inputting the data in a respective sheet anytime.

This Product includes 1 Excel File.