General Hospital Outpatient Pharmacy
Acc 311: Accounting Concepts for Health Care Professionals
November 22. 2010

1.0 Executive Summary
The Purpose of this business plan is to provide medications to inpatients, outpatients, and the employees of the Metropolis Health System.   The pharmacy is a retail pharmacy located on the premises of General Hospital in the main lobby.
1.1 Products and Services
The General Pharmacy’s primary operations will be to offer brand name and generic prescriptions, diabetic supplies as well as many types of over-the-counter medications such as aspirin, cough syrups, and diabetic supplies to customers within the target market. The General Hospital Outpatient Pharmacy will operate from one location that will fill written, phoned in, internet request as well as mail order prescriptions. We will accept all major insurance plans and offer competitive pricing on all prescriptions.
We will thrive by employing friendly and knowledgeable personnel, along with pharmacists who will be provide optimal patient care, with great competitive prices, quality medication and detailed information about their prescriptions that will enhance the revenues of the business.
1.2 The Financing
The General Hospital will need $130,000 from the capital expenditure for the retail pharmacy addition.
1.3 Mission Statement
General Hospital Outpatient Pharmacy’s mission is to become the recognized leader in its targeted market for providing medication and products to the patients and local area residents of the community.
1.4 Management Team
The pharmacy will be run by the General Hospital and the Metropolis Health System.
1.5 Sales Forecasts
General Hospital expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
Proforma Profit and Loss (Yearly) | | | |
Year | 1 | 2 | 3 |
Sales | $539,663 | $603,243 | $676,799 |
Operating Cost | 301,609 | 315,567 | 331,248 |