Develop a Physician Practice Business Plan for your Medical Group
(part 2 and 3 will be assigned to you later)

Background information: A Physician Practice Business Plan can serve as a “blueprint” for those physicians who are planning on opening up a practice. Physicians and class employees who are already working in a physician practice can compare their Physician Practice Business Plan to the organization’s own. Last, for those physicians who will be interviewing and asking questions at a prospective physician practice; this information will be useful in your decision-making.

Plan: As the practice leader, you are to write a realistic Physician Practice Business Plan. Three research papers are due in Part 1, 2 and 3 pertaining to a Physician Practice Business Plan for your Medical Group. These assignments will be cumulative in nature, building each week in your physician practice management knowledge, synthesizing it into a Physician Practice Business Plan.

Overall Assignment Details: The Physician Practice Business Plan is a continuous document to focus on a practice business strategy, developed and written in Parts 1 , 2 and 3. A portion of the Physician Business Plan is written during these parts based on the instructions for that part.
· The HEADINGS for each assignment are provided to you
· Each part should be a minimum 6 pages in length, excluding title, table of contents and references pages.
· There must be a minimum of 5 – 7 scholarly peer-reviewed references. ·
The title page is first and it will be followed by the Table of Contents (TOC). Use the HEADINGS below to create the TOC (include page numbers in your TOC).
· Use a running header (see APA format)
· Each paper will have an introduction and a conclusion paragraph since there is new information.
· There is no abstract required in the written assignments.
· follow APA format and standards.

Part I: Organization and Operations
For Part 1, you are to provide a Table of Contents using the headings below. Discuss each area this week as part of your Physician Practice Business Plan:

USE THESE HEADINGS IN YOUR PAPER

• Type of Practice/Location/Office Hours/Accessibility (after hours, holidays and weekends; patient mode of contacting the office – duty day)
• Write a Mission Statement Only
• Write a Vision Statement Only
• Write a Value Statement Only
• Services Offered
• Develop Standards
• Select Accountable Care Organization Model: (IDS, MSGP, PHO, IPA, or VPO) Why?
• Information Technology (what other IT will the office feature besides EMR/EHR?):
• Facilities Management
• Purchasing and Supply Management
• Quality Improvement and the Effective Medical Group (Identify issues requiring monitoring to improve):
• Opportunities, Risk and Vulnerabilities
• Barriers to Success
• Measuring Success