Joseph Kim DDS LLC | Application Preview
Joseph Kim DDS LLC is seeking government grants to support their operations during the mandated shutdown. The funding will be allocated for personal protective equipment (PPE), new equipment, and to cover overdue bills incurred due to the COVID-19 pandemic.
The business plan focuses on growth primarily through existing patient relationships, with a goal of increasing by 20% annually over the next five years. This growth will be driven by strategic advertising, marketing efforts, and the adoption of advanced technology to enhance patient care.
Joseph Kim emphasizes that as a healthcare provider, his values prioritize people over profit. He is committed to treating his staff like family and providing a supportive work environment.
The competitive landscape is challenging, with large dental service organizations (DSOs), health maintenance organizations (HMOs), and multi-doctor practices dominating the market. These competitors benefit from better negotiating power with insurers and suppliers, as well as extended service hours.
The competitive edge of Joseph Kim DDS LLC lies in its personalized care. As a solo practitioner, the focus is on building strong relationships with patients in a calm atmosphere, ensuring their needs are prioritized over financial metrics.
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General Information
Business Registration Number: Joseph Kim DDS LLC
Location: Vancouver, WA, United States
Length of Operation: 1.25
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
These funds will be used to cover all expenses during the mandated shutdown of our office. It will help to provide proper PPE's and new equipment within our office in order to ensure a safe environment for our staff and patients. It will also help in paying all of our past due bills due to the COVID-19 shutdown.
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Business Plan
Our main source of growth are from our existing patients. However, we plan to grow by 20% yearly for the next 5 years by advertising, marketing, integrating the highest quality technology to improve our patient care. As a healthcare provider, I maintain old fashion values that people are more important than profit. As an employer, I believe in taking care of my staff as if they are family.
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Self Identified Competition
DSO's in our market has become prevalent in the last few years. They have the ability to negotiate better rates with insurances and supply companies in order to maximize their profits, which is their sold purpose. Profit. Kaiser is a HMO. Their insured can only go to them for dental care. Large multi office/doctor practices also have negotiating power with insurances/supply companies in order to maximize profit. Also, they are able to have extended hours due to the size of their staff. I am a small office and solo practitioner. Our patients know exactly who will be providing their care in a relaxed and calm environment. we care about the patients needs and make that our daily priority, rather than just numbers.
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Contact Applicant
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