Stream Billing LLC 1 Page Business Plan
Overview
Stream Billing LLC has a clear business objective to develop, produce, promote and distribute Medical Billing Practice Mgmt services. These services have been developed over 2 years with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.
The Customer
Stream Billing LLC has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Reducing the A/R and increasing the trust between the client and the billing department or company.. This is a critical issue for our selected target market of Substance Abuse /Behavioral Health Facilities.
The Value Proposition
Stream Billing LLC is uniquely positioned to deliver value to Substance Abuse /Behavioral Health Facilities. "Stream Billing LLC will Provide top quality revenue cycle mgmt services.." In order to be deliver on this value proposition, we Assigning an individual Account Manager to represent and advocate highest quality of care. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the Medical Billing Practice Mgmt market. We consider our key competitors to be: Medivance Billing, MedPro and Infinity Behavioral Billing. . Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Medivance Billing, MedPro and Infinity Behavioral Billing. by Our boutique style , in house billing approach..
Key Strategies
Over the next 6 months our focus will be to Implement a new marketing plan. This task will be undertaken in the context of our broader strategy to Provide quality services by staying on top of industry trends . These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Launch new marketing plan Obtain 1-2 clients per month Increase the retention of clients after 1 year contract.
About this document
Medical Billing Practice Mgmt Business Plan
This document was created by Kelly of Stream Billing LLC using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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