OutReSources, Inc. will be a consulting company specializing in the design and delivery of training products and services in statewide and regional markets. The company offers health care providers a reliable, high-quality alternative to in-house resources for business development, market development, training, and quality assurance.
OutResources, a Greenstate DBA Company, will initially be set up under the umbrella Flowstone, Inc., and will be based in Greenstate’s Central County, which is home to the majority of Greenstate’s population, growth, and development.
OutReSources plans on targeting health care service providers within the state and tailoring its services to meet their needs. OutResources’#8217 will face the challenge of establishing itself as a real training and consulting company. This position is relatively risk-free.
There are several types of industry competition. Most significant is the choice by companies and agencies to conduct business development and training internally rather than outsourcing. There are also state and independent agencies that offer training and development. These companies tend to be generalists and don’t focus on any particular market. A flawed organizational structure often hinders these companies. This means that they don’t have the most qualified people to handle client projects. OutReSources has an advantage over other companies because it offers high-quality consulting that integrates theory and practice to support the clients’ goals.
OutReSources will cost at the highest possible price the market will bear. The pricing will fit with the general positioning of OutReSources as providing high-level expertise. The first year is expected to see substantial sales and a healthy cash balance.
The company’s founders were all previously employed health care providers in the fee-for service markets that we intend to target. OutReSources was established by them to formalize the existing consulting services they provide. OutReSources is managed by working partners, a structure largely derived from Flowstone, Inc. In the beginning, three partners are assumed: Khallie Lovecharnold (from Flowstone Inc.), Soren Aboukir (from Flowstone Inc.), Yuriatin Guadalquivir.
The firm anticipates healthy profits the first-year with a commensurately large net profit margin. The company anticipates no cash flow problems.
1.1 Objectives
OutResources set several goals in the first year.
- A training service is developed and implemented that targets both private and public health care providers, who offer fee-for–services. It must be compliant with state and federal regulations.
- By developing a service that supports those providers still operating within the Medicaid ‘fee-for -service’ framework, we can raise the quality of care and break free from the limitations of Medicaid’s #8220 fee-for-service.
- In order to maximize your net profit margins you need a company that has low overhead and is not liable.
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 aim to train and educate those who provide healthcare services, and are reimbursed by and regulated under the state governing bodies. We aim to be transitional educators and trainers to those with the education but without the experience.
1.3 Keys to Success
Quality Credibility
Training trainers in the relevant disciplines who are qualified
- Credentials: Education. Licenses. Certifications
- Proven successful track record
- Continuing Education units
Strong Formal Approach
For all services, developing strong formalized training methods
- Policy and Procedures
- Hierarchy roles within the Organizational Structure: Qualifications & Duties
- Confidentiality management
- Feedback Reporting: Final Product
Promotional and Marketing
- Start with what you know: Our first offerings are built on our expertise
Operation and Liability
Maintaining low overhead and liability by:
- Maximizing abilities and simplifying roles
- Assessing the market, initiating with ‘#8220’ High End targets (larger providers, high fee for service rate services)
- Strong investments in quality equipment vs cost by including
- Mobility vs. center or combinations
- Space and supplies
- Finished products (manuals, pamphlets, protocols)