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Last Updated on: June 6, 2022 by Joseph Muriithi

Executive Summary

Home Medical Equipment Company  Solutions is a US based Home Medical Equipment Company located in #####. The company specializes in sales of leading brands (new and used) therapeutic systems for use by residents of homecare and assisted living facilities. Furthermore, the company specializes in pain relieving solutions for individuals suffering from Arthritis, Back Pain, Knee Pain, Wrist Pain, Ankle Pain, Diabetic Neuropathy or other related types of pain associated with the bones or joints and needing mobility and independence of their own personalized comfort and care.

This business plan has been prepared to help raise investment capital amounting to $200,000 from potential investors. These funds will be used to put up another facility specializing in Home Medical Equipment in ###. These facility will work alongside the existing facility in ###

These two locations after implementation will allow Home Medical Equipment Company  Solutions to serve (Your Market). Furthermore, this business plan will lay out the fundamental business strategies and implementation plans that will be used to run and make the business productive.

Opportunity

Currently, the healthcare delivery system is trending toward prevention and wellness which we have the opportunity to provide. Along with changes in healthcare delivery, there is also a movement toward decreasing industry costs where patients look for alternative home care solutions that gives them the comfort and mobility they deserve. Through this trend, Home Medical Equipment Company  Solutions will offer this solutions in the United States with a bid to expand globally.

MISSION STATEMENT

Home Medical Equipment Company  wants to provide post-acute-care and pain relieving product solutions to manage and provide quality occupational health, safety, comfort, care and rehabilitation services that addresses a person’s total health.

Product & Service Summary

The company specializes in sales of quality, yet durable home medical equipment to patients requiring mobility products, wheel chairs, orthopedic equipment and other home medical equipment and devices. The company also rents out and repairs new and used state of the art medical; equipment. These products are;

Mobility products

  • Manual wheel chairs
  • Power wheel chairs
  • Scooters
  • Complex rehab wheelchairs
  • Hospital beds and pressure reliving equipment

Medical lifts and ramps

  • Auto lifts
  • Ramps
  • Stair lifts

Orthopedic braces and pain relief solutions

  • Back braces
  • Knee braces
  • TENS units
  • Shoukde5r braces and other types of required braces

Diabetic supplies

  • Diabetic shoes
  • Shoe inserts
  • Infinite position

Bath safety and bariatric equipment

  • Shower chairs
  • Commodes
  • Grab bars
  • walkers

These products are delivered to customers with utmost care, quality and expertise such that each and every patients receives their orders in time, right prices and more so the best quality to assure they receive the comfort and mobility they deserve as they relief pain.

Market Summary

Market potential

The two major market opportunities are “at risk” residents with the disease in Homecare and Assisted Living. There are an estimated 345,784 Homecare at risk residents, with a potential $59.6 million revenue, and an estimated 66,671 Assisted Living at risk residents, with a potential for $17.6 million in revenue. In addition, there is a continued demand for pain relieving solutions for patients who need at home care devices and equipment that fluctuates and cannot be accounted for potentially. These markets serves as the target market for Home Medical Equipment Company  solutions.

Market trend, expectations and analysis

The healthcare industry is continuously evolving as new and emerging technologies are developed to improve and extend lives. BCC Research reports that the trends for technologies used for diagnosis, treatment and prevention of illnesses and conditions. Medical imaging, portable analysis instrumentation, medical robotics and computer assisted medical devices is on the rise as more patients opt for at home medical services. These has seen an increase in sale of home medical equipment and the rise is forecasted to continue for the next decade and the evolution continues to grow. The graph below show the growth trend of medical devices and equipment use growth and forecasts from 2014 to 2020.

From the above graph, the home health care use of medical equipment depicts the most tremendous growth than any other sector in the health care industry. These growth will be tapped by Home Medical Equipment Company  solution to maximize productivity.

 

VISION STATEMENT

The company expects that the business will aggressively expand during the first three years of operation. Home Medical Equipment Company  Solutions intends to implement marketing campaigns and unique customer satisfaction that will effectively capture an overwhelming client base with the objective of assuring repeat business and new business all over Florida with the hope of expanding internationally.


 

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