Grant proposal for medical transportation service
This is a final project for a Nursing Finance Course. It is a grant proposal for a medical transportation company.
Here is the budget timeline:
The healthcare service that I chose for my area is a wheelchair transportation company. The area that I will be servicing is a rural area that is approximately 100 miles in radius. This company will provide transportation to nursing home or home-bound patients who use a wheelchair as their means of self-propelling. There will be an office to conduct business from and a garage that houses three wheelchair vans.
The need in this area is great. There are six nursing homes in the area and three hospitals. Many elderly that live at home in this area live miles away from health care. The local ambulance company is willing to offer this service with a wheelchair van that they already have and an ambulette.
The ambulance crew already hold a CDL license and insurance for these vehicles. 2 extra drivers will be needed from 7AM until 5 PM Monday through Friday. The cost of vehicle maintenance, additional insurance, additional fuel, and extra staff will be covered with contractural and episodic fees related to appointments. These trips are also billable to Medicare and Medicaid for long term care residents.
Service will be available to any person residing in long term care or any person over the age of 65 that requires the use of a wheelchair. Each appointment will be billed to eligible insurance or paid by cash or check at point of service.
The growth of people over the age of 65, the addition of an extra nursing home in the area, and the steady full census at all three nursing homes shows that their will be a growth in the need for this service in the future.
I would like to incorporate this plan within one year. In order to do this, two vehicles need to be purchased. Additional drivers and office staff will need to be hired and trained.
The time line for this project is one year. I will need one month to meet with the supervisors of the ambulance company to evaluate the project. I will then use the next three weeks to plan the details with them and document it. The next three weeks after that will be a time to research the local nursing homes to get a clearer idea of their needs and expectations. We will also get prices for vans and for insurance. We will write our budget with the expense of two additional drivers and one additional office staff. These three positions are full time.
The synopsis of this time line is as follows:
Goal: To offer additional transportation service to and from medical appointments for community nursing homes and community residents that require the use of a wheelchair van.
Objective 1: Obtain additional vehicles and insurance for them.
Objective 2: Recruit additional employees for office and for driving.
Objective 3: Gain clientele through advertising and sales visits.
This project is anticipated to be complete and profitable within one year.
The expense of the first quarter will include insurance, fuel, additional hours of work for recruiting clientele, three additional full time employees. This cost is 32,000. The next two quarters will be approximately 12,000 in expense. I expect little profit the first month. I anticipate revenue of 20,000 a quarter thereafter.
Here is the business plan:
Definition: This business plan is for a medical transportation company. A non-emergency medical transportation company primarily deals with transportation of the elderly and disabled. It will be responsible for transporting people who need some form of assistance; more so than you would if you needed a taxicab or similar service. Mostly, it would transport people who are in wheelchairs, a lot of people who are on stretchers, and a number of people who are ambulatory. The vehicles can house securely a wheelchair, geri-chair, or electric chair.
Need: There is a need in this area as the area is rural. There is no other company like this in a 100 mile radius. Forty five percent of the tri-county area is over the age of 65. There are also three nursing homes in the area that would utilize this service, as it is cheaper than ambulance service.
Market Analysis: This is a growing industry that has a profitable future. The following charts from
Products & Services
Non-emergency transportation 65%
Emergency transportation 35%
Key Industry Statistics
Key Industry Figures 2008
Industry Revenue *10,623.2 $Mil
Revenue Growth *2 %
Industry Gross Product *5,448.9 $Mil
Number of Establishments *17,854 Units
Number of Enterprises *15,954 Units
Employment *151,051 Units
Total Wages *4,089.1 $Mil
Budget Estimates: The expense of the first quarter will include insurance, fuel, additional hours of work for recruiting clientele, three additional full time employees. This cost is 32,000. The next two quarters will be approximately 12,000 in expense. I expect little profit the first month. I anticipate revenue of 20,000 a quarter thereafter.
Please use the above information to write a grant proposal for a fictitious medical transportation company. The proposal must include a problem definition, needs assessment, program goals and objectives, program description, timetable, resource needs, and possible future funding, and a capability statement. I do not need a cover letter.
All information is strictly fictitious and no references need to be listed. I just need to show that I can write the proposal.
I need this ASAP.