OutReSources, Inc., will be a consultancy company that specializes in designing and delivering training products and services to statewide as well as regional markets. The company is a trusted, high-quality option for health care professionals to use in their business development, marketing, and quality assurance.
OutResources will initially be established as a Greenstate DBA firm under the umbrella Flowstone, Inc., based at the Central County area in Greenstate, the heartland of Greenstate’s growth and population.
OutReSources intends to target the state’s health care service providers. We will tailor our services to their requirements. OutResources will have to establish itself as a real consultancy and training company. This is a relatively risky purchase.
There are many types of industry competition. The most important is that companies and agencies choose to develop and train their employees in-house instead of outsourcing. There are also State and independent organizations providing training and development resources. Many of these companies are generalist in nature and do not focus on a niche market. They are also often limited by poor organizational structures that do not offer the best talent for client projects. OutReSources’ advantage over such companies is that it provides high-level consulting to help integrate practice with theory and in concert with the client companies’ goals.
OutResources will have a price that is higher than what the market can bear. OutReSources will be positioned as a high-level expert. The pricing will reflect this. The first year is expected to see substantial sales and a healthy cash balance.
The founders of the company are all former and current providers of health care services in the markets where we will be targeting. OutReSources is a formalization of the consulting services that they offer. OutReSources will be managed by working partners, in a structure taken mainly from Flowstone, Inc. In the beginning we assume three partners, Khallie Locharnold and Soren Aboukir (from Flowstone Inc.) and Yuriatin Guadalquivir.
The firm projects healthy profits for the first year. They also expect a commensurately high net profit margin. The company does not anticipate any cash flow problems arising.
1.1 Objectives
OutReSources has set several objectives for the first year.
- Develop and implement a training service that targets both for-profit and non-profit health care providers that provide fee-for-services and which are required to meet standards set by state and federal regulations, and/or private associations.
- In order to raise quality standards and get out of the constraints of Medicaid’s #8220 fee-for service, develop a service that will support health care providers operating within those limits.
- To maximize net profit margins, create a company that is low in overhead and has minimal liability.
1.2 Mission
Our mission is to raise the standards of health care services by improving the skills, abilities, and efficiencies of those who provide such services. We are interested in educating and training those who provide health services. They will be reimbursed and regulated through the state governing agency. We are transitional educators and trainers for those who have the education but not the experience.
1.3 Keys for Success
Quality and Credibility
Training trainers in the relevant disciplines who are qualified
- Credentials: Education Licenses, Certifications
- Proven successful track record
- Continuing Education Units
Strong Methodology
For all services, developing strong formalized training methods
- Policy and Procedures
- Hierarchy roles in the Organizational Structure: Qualifications and Duties
- Confidentiality control
- Commenting on the Product
Promotional Marketing
- Start with what you know: Our first offerings are built on our expertise
Liability
You can keep your overhead and liability low by:
- Maximizing skills and simplifying roles
- Assessing market conditions and initiating with ‘#8220’ High End targets (larger providers, higher fee-for services)
- Strong investments in quality equipment are more cost-effective than making large purchases.
- Mobility vs Center or combinations
- Space and supplies
- Final products (manuals/pamphlets, protocol)