Health care Essay Example | Topics and Well Written Essays - 1000 words

Health care - Essay Example The fifth section concentrates on the target market, whereby the paper provides an insight on the strategies that can are used to serve the market, and the sixth section identifies resources needed to move forward in the entrepreneurial process. The seventh section covers a brief summary of the financial projections for the period end 30 June 2012, whereby the summary is benchmarked through data gathered from research of similar types of publicly traded companies. The eighth section elaborates on the forces that determine the profitability of the industry, and the paper concludes with the challenges that are faced by the business as it grows. Â   Funding Pitch portions of the Health Care Entrepreneurial Business Plan: Tele-hospice counseling service 1. The entrepreneurial opportunity Various changes in the society have contributed significantly to a creation of entrepreneurial opportunities by providing a strong concentration to the sector of services concerning new and fast growing business environment for adaptation of the entrepreneurs to dynamism in the society (Lindmark, 2012). The increased understanding of entrepreneurship process due to the research and the set of individuals, who have discovered, evaluated and exploited the opportunities. Therefore, fostering a reliable understanding of the changes in different levels of society has led to creation of opportunities and the way entrepreneurs can adapt and exploit these opportunities after an analysis, which is altered at an aggregate level. 2. The business, product or program planned Hospice refers to a twenty-four hour program, which is planned by hospice interdisciplinary team, in order to allow the terminally ill clients to make a decision related to physical, pastoral or spiritual and psychological comfort, instead of cure. These patients are hospitalized of they are indicating acute symptoms, and hospice care is initiated by the decision of the client, family or physician. However, there is a requ irement of a certification by the client in order to receive the services offered by hospice, which offered from either temporary or permanent place of residence. In this case, the Hospice service program is terminated by the client or family decision, death or discharge by the hospice agency, and bereavement care is offered to the family members (Whitten, Doolittle & Hellmich, 2001). The products of offered by this business are emotional and spiritual comfort that is related to the death of hospice client. The other product offered by hospice program is counseling services and support to the members of the patients’ family. They also focus on non-interventional care of patients succumbing to their terminal illness at their homes. Furthermore, the members of the family are made integral participants of the program, whereby the day care is offered by stepping a caregiver duty, which is considered foreign. 3. The management team The management team comprises of the Mike Friedel , Chief Executive Officer, who is charged with the responsibility of leading the team by making informed decisions on substantial issues in the organization. The other member of the management team is John Budnick, who is CFO with the responsibility of managing the organization’s financial resources and Ray Terrill, who is a sales and marketing manager with a significant role of formulating the strategies of targeting customers and