START YOUR OWN
START YOUR OWN MIDWIFERY OWNED BUSINESS
Grow Midwives Custom Finance Modeling Tool for
Opening Your Own Private Practice
Grow Midwives has helped new Midwifery businesses with financial modeling for raising venture capital/startup funding and private equity partnerships. We have over 50 years of combined experience working with privately-owned physician models, collaborative models within health systems, and university settings and can provide proforma data related to cost of scaling up with midwives, as well as target/market employment arrangements and work schedules.
If you are interested in owning your own practice or birth center, led and staffed by Midwives, our new interactive tool: Proforma for Midwife Start Ups© can help you take your concept to reality.
WHAT IS A PROFORMA?
The proforma is a guide to help you decide if what you are proposing will be financially viable; to help set goals and expectations on estimated cash flow and volumes; and, to determine the impact on your projected operations. The purpose of the proforma is not to predict how much money you will make or the number of patients you will see.
The Proforma for Midwife Start Ups© is a specific tool designed with our team. After meeting with us, securing and entering practice specific data such as standard costs of common services and expected revenue generation modeling, we will prepare an excel report of financial projections required for startup and projections for the subsequent four years. Being able to describe each of these financial data points is necessary in order to secure investor or loan resources.
The Proforma for Midwife Start Ups© template pulls together several key financial documents, including:
• Startup Funds Required
• Assets and Inventory (clinical and medical)
• Pre-Operating Expenditures
• Payroll costs
• Revenue Assumptions and Forecasting
• Costs of Sales
• Amortization and depreciation
• Operating expenses for the first 5 years in business
• Cash flow statements for the first 5 years in business
• Income statements for the first 5 years in business
• Balance sheet
• Break-even analysis Financial ratios
Because of the proprietary nature of the Proforma for Midwife Start Ups© workbook, clients will receive read-only copies of the completed work. Clients can change values to explore other modeling scenarios, but not save or receive a live interactive version of the financial tool. We offer ongoing consultative services at an hourly rate.
At the conclusion of working with us you will be print ready with a profit and loss proforma that must accompany your business plan proposal. Your story about community interest, viability of the proposed model, excellence in history of midwifery services and ‘best practice’ clarity in proposed financial assumptions will aid in being one step closer to owning your own start up practice or birth center.
Looking for further assistance after receiving your completed proforma? Additional consulting services after the completion of the Proforma services can include but are not limited to: a) Coaching to prepare to make the pitch for a loan b) Best practices in business launch and, c) Assistance to assure timeline is met for opening day.
LET’S GROW TOGETHER
Disclaimer: Grow Midwives provides this financial tool to assist clients in decisions to start up a practice or birth center. We rely on client’s input on key elements such as scope of work, staffing model, and space. We remind clients that this tool, like others, is based on assumptions and hypothetical situations. The final document provides a projection of financial statements based on those presumptions. Clients are advised to involve professional legal and tax advice as they consider starting a business. Nothing in this process is intended to create an attorney client or representational relationship. There are no warranties implied or in fact.