Developing a Strategic Business Plan to Increase Profitability
Client’s Challenge
A large medical group needed to determine the most effective strategic business plan to maximize profitability of a subsidiary company.
Case Studies
Business Strategy Development for Large Medical Group
Our Solution
We developed and implemented a comprehensive business plan to improve go-to market strategy, organizational structure, and profit. InfoWorks also provided interim COO, business analyst, project managers, and other key personnel to support the initiative.
Value Realized
- Establishment of an independent LLC that maximized value for the parent company and all stakeholders.
Competencies Utilized
- Business plan development
- Marketing plan
- Organizational structure development
- Pro forma financials
- Interim COO support
- Recruitment
Project Details
A large medical group struggled to determine the best strategy for a subsidiary firm and needed help developing and implementing a comprehensive business plan. As part of the plan, they needed to evaluate long-term options like establishing a stand-alone company, selling the company, or developing strategic partnerships to grow the company.
Through personal interviews and thorough business analysis, InfoWorks developed a business plan with concrete recommendations for the board, including the recommendation to raise ~$2M to form an independent LLC.
After gaining approval of the business plan, InfoWorks helped implement the solutions by providing an interim COO, business analysts, project managers, IT support, accounting, and back-office support.
InfoWorks’ expertise and support helped to maximize the value of the subsidiary company for the parent company and all stakeholders.
