Financial Modelling Tool for Private Healthcare Firms
As a private healthcare business, managing cash flow fluctuations and making strategic financial decisions is crucial. Brixx offers the financial tools you need to gain timely and essential insights, helping you plan for operational costs, staffing, and future growth.
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Model your private healthcare clinic in Brixx - see how quickly your finances can make sense!
We are working on creating this template in Brixx. Although it isn’t available just yet, you can follow the guidance below to help get started. If you need any further assistance, don’t hesitate to get in touch – we’re here to help!
Project Setup
- Project name: Private Healthcare Clinic
- Time period: Monthly (ideal for tracking revenue, expenses, and cash flow)
Income Components
- Component: Patient Revenue
- Sub-components:
- General Consultations (£80 per appointment, 500 per month = £40,000)
- Specialist Consultations (£150 per appointment, 200 per month = £30,000)
- Diagnostics & Imaging (e.g., X-rays, MRIs) (£200 average per scan, 150 per month = £30,000)
- Minor Procedures & Surgeries (£1,500 average per procedure, 20 per month = £30,000)
- Inpatient Stays (£500 per night, average 10 beds occupied per night = £150,000)
- Sub-components:
- Component: Additional Revenue Streams
- Sub-components:
- Private Insurance Payments (Reimbursements from insurers, £50,000/month)
- Membership/Subscription Plans (Annual health check memberships, £20,000/month)
- Pharmacy Sales (£25,000/month)
- Physiotherapy & Rehabilitation (£40 per session, 500 sessions per month = £20,000)
- Laboratory Testing (£100 per test, 300 per month = £30,000)
- Sub-components:
Expenditure Components
- Component: Operational Costs
- Sub-components:
- Doctor & Nurse Salaries (£120,000/month)
- Administrative Staff Salaries (£40,000/month)
- Medical Supplies & Drugs (£30,000/month)
- Equipment Maintenance (£10,000/month)
- Facility Rent (£25,000/month)
- Utilities (Water, Electricity, Internet, £5,000/month)
- Cleaning & Sanitation (£3,000/month)
- Sub-components:
- Component: Administrative Costs
- Sub-components:
- Legal & Accounting Fees (£2,000/month)
- Medical Insurance & Malpractice Cover (£5,000/month)
- Marketing & Advertising (£7,000/month)
- Software & IT (Electronic Health Records, CRM, Brixx subscription, £3,000/month)
- Sub-components:
Asset Components
- Component: Fixed Assets
- Sub-components:
- Medical Equipment (MRI Machines, X-rays, Surgical Tools, Total: £1,000,000, depreciated over 10 years)
- Office Equipment & Furniture (£50,000, depreciated over 5 years)
- Property Ownership (If owned, £2,500,000 estimated valuation)
- Ambulance/Transport Vehicles (£100,000)
- Sub-components:
- Component: Current Assets
- Sub-components:
- Cash Reserves (£250,000 starting balance)
- Accounts Receivable (Outstanding insurance claims and patient invoices, £100,000)
- Medical Inventory (Stock of medicines and supplies, £30,000)
- Sub-components:
Funding Components
- Component: Loans & Debt
- Sub-components:
- Business Loan for Initial Setup (£1,500,000 at 5% interest, 10-year term)
- Equipment Financing (£500,000 at 4.5% interest, 5-year term)
- Sub-components:
- Component: Equity & Investment
- Sub-components:
- Initial Personal Investment (£1,000,000)
- Angel Investor Contribution (£500,000)
- Sub-components:
- Component: Future Funding (Optional)
- Sub-components:
- Government Grants or NHS Contracts (Possible additional revenue)
- Expansion Loan for New Branch (£1,000,000 at 6% interest)
- Sub-components:
Scenario Planning in Brixx
- Reduced Patient Volume
- Test how a 10-20% decrease in consultations impacts revenue.
- Increased Insurance Claims Delays
- Model delays in receiving payments from insurers and impact on cash flow.
- Equipment Breakdown Costs
- Simulate an unexpected £50,000 repair or replacement cost.
- Expansion Planning
- Model opening a second location and forecast revenue & cost increases.
Dashboard & Reporting
- Cash Flow Report
- Monthly tracking of income vs. expenses, highlighting net operating cash flow.
- Balance Sheet
- Reflects growing asset value, liabilities reducing over time.
- Profit & Loss Statement
- Shows total revenue, operating costs, and net profit for each fiscal period.
- Custom KPIs
- Patient Revenue per Consultation
- Operating Margin
- Debt-to-Equity Ratio
- Break-even Analysis for New Equipment Purchases
Who can use this Brixx template?
- Private healthcare clinics
- Medical practices
- Healthcare service providers
Brixx is a great tool for:
- Practice managers overseeing financial planning and budgeting
- Healthcare business owners managing expenses, staffing, and revenue streams
- Accountants and financial officers in the healthcare sector
What are the benefits to private healthcare firms?
- The template is tailored to the healthcare sector, covering all aspects of financial planning for medical services
- Easily model cash flow, revenue from patient services, staffing costs, and equipment investments
- Quickly assess profitability and sustainability of different healthcare services and pricing models
- Evaluate the impact of new income streams, such as specialised treatments or expanded services
- Receive immediate feedback when modelling different financial scenarios like staffing changes, equipment purchases, or shifts in patient demand
Strategic forecasting in Brixx
- Calculating the financial impact of service pricing and patient volume fluctuations
- Demonstrating projected revenue and operational costs to support business growth and funding applications
- Forecasting and budgeting for medical equipment, facility maintenance, and staffing needs
- Anticipating financial requirements for service expansions or new clinic openings
- Evaluating the impact of healthcare market trends on profitability and patient demand
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"Brixx provides real structure, supports smarter decision-making, and ultimately helps businesses become more proactive and profitable.”
Wilson PartnersGet started with the best financial projection software - today!
Financial modelling software is essential for private healthcare firms, providing the insights needed to plan and manage operations effectively. By forecasting costs and revenues, healthcare businesses gain a clearer picture of their financial landscape. Additionally, predicting future patient demand, service costs, and expansion opportunities helps with informed decision-making and risk management.
With over 20 years of business modelling experience, Brixx stands out as a trusted solution, offering a robust set of features to help private healthcare providers navigate the complexities of financial planning.
Investing in expert financial modelling software like Brixx empowers you to optimise cash flow, plan for growth, and ensure long-term financial stability for your healthcare business.