Comprehensive Business Plan Development Guide

Comprehensive Business Plan Development Guide

Johns Hopkins Medicine’s Comprehensive Business Plan Development Guide is a detailed guideline for developing concise, coherent and complete business plans for presentation and review by hospitals’ senior leadership and executive boards. It guides planners in the development of consistent, complete and efficient business plans even though each opportunity is unique.

Special Offer: Buy this Solution with Johns Hopkins Medicine’s Due Diligence Assessment Guide for only $250 for both Solutions.
Use coupon code JHM2013 on check out to activate this offer.

OUTCOMES

COMPONENTS

  • Effectively Evaluate Business Plans and Success
  • Organize Business Development Methods
  • Develop Concise Business Plans for Presentations and Review
  • Streamline Business Development Presentations
  • The Introduction—five basic purposes served by a business plan and five criteria that mandate the preparation of a business plan
  • The Outline—the order in which the information should flow in every plan
  • The Narrative—a full-text of each outline point including content requirements and hints on how to find the required information
  • The Recommended Exhibits and Appendices including:
    • Your Review Group Members
    • Data Sources
    • Quarterly Business Plan Evaluation Form
    • Business Plan Exhibits
    • Excel Spread Sheets

The Comprehensive Business Plan Development Guide is adaptable to every institution, no matter its size or the size of the planned project. The initial version of the Comprehensive Business Plan has been in use since 1996, the current version since 2006. Since then the business plan guide has been used in many key projects in different areas.

The following Solution Overview is a downloadable PDF to share with colleagues, decision makers and interested parties at your hospital or health system. This informative one-page piece offers a snapshot overview of the Solution to highlight and easily share the Solution summary, key components and outcomes.


SOLUTION COMPONENTS

The Comprehensive Business Plan Development Guide is a four-point model that includes:

  • The Introduction—five basic purposes served by a business plan and five criteria that mandate the preparation of a business plan
  • The Outline—the order in which the information should flow in every plan
  • The Narrative—a full-text of each outline point including content requirements and hints on how to find the required information
  • The Recommended Exhibits and Appendices including:
    • Your Review Group Members
    • Data Sources
    • Quarterly Business Plan Evaluation Form
    • Business Plan Exhibits
    • Excel Spread Sheets

Below you will find a series of questions and answers that will guide you through the objectives, implementation, outcomes and lessons of the Comprehensive Business Plan Development Guide,.


ABSTRACT:

The Comprehensive Business Plan Development Guide is a detailed guideline for developing concise, coherent and complete business plans for presentation and review by hospitals’ senior leadership and executive boards. It guides planners in the development of consistent, complete and efficient business plans even though each opportunity is unique.

OBJECTIVES:

What problems does the Solution address?
The problem is that new business planning documents are often presented to senior executives and board members in a variety of formats, depending upon the standards or whims of whoever is putting it together. Sometimes vital information and supporting details are missing, requiring reworking of the plan. Even when all pertinent information is included, it is not always readily found in the document. Both leadership and petitioner’s time is wasted.

How was this Solution developed?
Senior management within Johns Hopkins Medicine requested that a standard business plan format be developed. This would ensure both that those preparing the business plan would be aware of what supporting details were needed, and also that the information would be presented to top management in a concise and coherent format.

The first business plan template was developed in 1995 as a joint project between Planning & Marketing and Finance as an internal guideline for those two departments in developing business plans. The revision of mid-1997 was presented to, and approved by, senior management as the format to use in presentations to their weekly Business Review Group (BRG) meetings, which thoroughly evaluated all business opportunities presented that required the use of the Johns Hopkins name or investment capital.

IMPLEMENTATION:

What does it take to implement? Maintain?
This Solution is a guideline for those preparing a comprehensive business plan. Implementation requires the determination by leadership to use a standard and comprehensive business planning tool and a division (most likely within Finance) to ensure its use each time a business plan is undertaken.

What resources, staffing and skills are needed?
This will assist anyone within a hospital organization develop a business plan; it is most effective for business, finance and legal members of the team.

PERFORMANCE:

The Comprehensive Business Plan Development Guide has been used for all key projects across Johns Hopkins Medicine including the creation of Joint Venture between Johns Hopkins Medicine and a technology company to commercialize and offer to other hospitals a technology service used at Johns Hopkins; the expansion of the oncology in-patient and out-patient programs; and the creation of a new entity that will serve the international market by helping them construct and run hospitals.

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Q: What is the Solution?
A: This is a detailed guideline for developing concise, coherent and complete business plans for presentation and review by hospitals’ senior leadership and executive boards. It seeks to guide planners to create consistent, complete and efficient business plans even though each opportunity is unique.

Q: What’s the PROBLEM this solution addresses?
A: The problem is that new business planning documents are often presented to senior executives and board members in a variety of formats, depending upon the standards or whims of whoever is putting it together. Sometimes vital information and supporting details are missing, requiring reworking of the plan. Even when all pertinent information is included, it is not always readily found in the document. Both leadership and petitioner’s time is wasted. Also this guide may help the planning department to implement a business planning process.

Q: Why is Johns Hopkins Medicine well suited to solve this problem?
A: As a $6.5 billion organization, there was an increasing need to standardize the business planning process, given our diverse departments and demand for future growth. Business plans are key to determining the future growth areas and driving the strategy. Johns Hopkins Medicine felt an increasing need to develop an internal guideline for creating business plans, so that the information is presented in a consistent way, with all required information and stakeholder participation, so that it could be evaluated thoroughly to make a informed decision. This guide helped fix the gaping need to bring about the standardization and has been applied extensively in many key initiatives. This document has evolved over the years reflecting the lessons learned from various planning exercises on complex projects.

Q: What format is the solution available in now?
A: The Guide is available in PDF and editable Word formats, as well as Excel Appendix spreadsheets.

Q: How has the model been received and used over the years?
A: The Comprehensive Business Plan Dvelopment Guide was approved by the executive leadership of Johns Hopkins Medicine and its boards, and has been used with great success since it was first developed in 1996.

Q: Can I purchase this Solution for more than one of my hospitals?
A: Yes, this Solution was designed so that it can be implemented at a single hospital or in several hospitals in a health system.

Q: When will I receive my order?
A: Upon verification and payment receipt.

Q: How is the Solution delivered?
A: You will be able to download the Solution through a secure unique link as soon as your order is verified and your payment is confirmed. You will be contacted when your Solution is available for download.

Q: What if I have problems with downloading or using the Solution?
A: We hope that does not happen but if it should, please contact Solutions@MX.com. We will escalate as needed to the Licensor.

Q: Can I return a Solution?
A: Yes, your satisfaction is guaranteed. If you are dissatisfied―within 30 days of purchase, email a full refund request to sales@MX.com. Simply provide Solution feedback and discontinue its use. Details

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Special Offer: Buy this Solution with Johns Hopkins Medicine’s Due Diligence Assessment Guide for only $250 for both Solutions.**

**Use coupon code JHM2013 on check out to activate this offer.

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