2. SOURCES OF FUNDS USES OF FUNDS
Family Loan: $20,000 Billing Software: $10,000
Government Grant $80,000 Computers, Printers: $ 5,000
Office rent: $15,600
Marketing expense: $ 7,000
Business Liability Insurance $ 6,500
Salaries for 4 People $48,000
Utilities (Electricity,Phone,Internet): $ 2,000
Other Expenses $ 5,900
Total $100,000 Total $100,000
Expense Summary
3. Business Plan
Our goal in this company
is to be able to provide
excellent billing service to
all of our clients. We are
dedicated to helping
medical practices become
more efficient and save
money. We thrive to be;
The top medical & billing
software
Be a low cost provider of
medical claim services
Provide world class service
Keeping current with insurance
specifications & regulations
6. Advantages
We will charge 4% of the monthly collected
claim amount
We guarantee that all claims will be submitted
within 24 hours to the clearinghouse
90% of claims will be satisfied the first
submission
Follow up will be completed on all claims
7. Provider Charges:
Each provider will be
charged a standard fee of
$3,760.00 per month for our
services
4% of the collected amount
Surcharge of $100.00 will be
collected on a monthly basis
for use of the Clearinghouse
software, which is Claim MD
8. Marketing Material Expenses
Business Cards: $312 for 4 sets of 500 cards
Flyers: Half page is $100 for 500 flyers
Brochures: Trifold is $200 for 500 brochures
Pens: $667.50 for 500
Business Invitations: $250 for 500
Personalized Envelopes: $145 for 500
9. Marketing Media Expenses:
Digital Marketing:
Social Media
Local Listings
$10/month or $120/year
Mailing Lists: 1-499 is 15 cents/provider, 499+
is 12 cents/provider
Marketing Expenses Totaling: $1,854.50
every 6 months
10. Bi-annual Marketing Costs
Business Cards
Flyers
Brochures
Digital Marketing
Mailing Lists
Pens
Business Invitations
Personalized Envelopes
