ARSO Neuro Rehab and Orthopedic Center | Application Preview
ARSO Neuro Rehab and Orthopedic Center is seeking government grants to support its operations, especially after expanding to a second location in Lanham, MD. The funds will be used for various expenses, including equipment upgrades, a new computer system, payroll, building leases, and marketing efforts to establish their presence in the Prince George's County community.
The business has a detailed five-year growth plan that includes the opening of two additional locations. They aim to generate at least $6,000 in visits per clinic each year, with each full-time provider handling a minimum of 70 visits weekly, contributing to an estimated profit of $60,000 per location after expenses. Revenue could increase further by accepting private insurance and workers' compensation patients.
The application highlights the center's unique focus on complex neurological diagnoses and orthopedic injuries, setting them apart from other clinics. They invest in advanced technology and accept a wide range of insurance plans, including government programs, veterans, and the uninsured, addressing a critical need in Maryland. They aim to reduce waiting times for patients needing specialized care, thereby serving local communities more effectively.
Their competitive advantage lies in their specialized staff and equipment that competitors lack. While competitors may claim to offer neurological services, they often refer patients to ARSO due to their inability to meet these needs, underscoring the center's strong reputation and the demand for its services. With support from potential investors or grants, ARSO aims to continue its growth trajectory and enhance access to high-quality rehabilitation services.
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General Information
Business Registration Number: 473982543
Location: Capitol Heights, MD, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
For capital funding, line of credit or grant for equipment, upgrade computer system, payroll cushion and assistance for building leases and marketing We just expanded. We opened a second location in Lanham, MD and we need capital for expenses while we get recognized in the PG county community and promote using marketing services.
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Business Plan
We have a business plan projection for the next 5 years. We would like to open another two locations in the near future. Promote our services in the community and prospective referral sources. Each clinic should be able to provide a minimum of $6000 visits/ calendar year Each full time provider should be responsible to serve minimum 70 visits/week which average the minimum revenue of $70.00 using Medical Assistance Program Flat fee as reference which will provide us after expense a profit of $60k approx per location after expenses with 4 providers.More provider more volume more revenue. For more details we can submit business plan. We also serve private insurances and worker comp which the fee average $80-120/visit. Not included in calculation. We have a clear vision and mission of our services in the community. We are a Private Outpatient Rehab Clinic, which make us different from others because we specialized in complex neurological diagnosis and Orthopedic injuries in patient with neurological diagnosis. We count with the knowledge and we have been investing most of our funds in high technology equipment that other clinics don't have and you will find only in hospital based practices. We accept everyone, government insurances such as MCO plans, Veterans and uninsured with affordable fee, we are an additional resource for our veterans and State insurance plans where others don't accept and more important to eliminate the waiting list from the big hospitals such as Children Hospital, John Hopkins Hospital and Georgetown Hospital for patients with neurological diagnosis. At the same time decreasing the commute and provide the services in their own neighborhood. As investors can read, we have potential because it is a need in Maryland and we are there for this population. We have been in our own for 7 years and if we want to growth we need help other cities in Maryland due to the high tech and the level of expertise of the staff that we need to hire for these services. With the right investor. ARSO can become #1 in other cities. Our reviews and our patients are our testimony of our success and 90% patient in Silver Spring are from word of mouth and we need to do the same in Lanham and any other new location and that's why we need the investor or/and grant support. I hope you considered us for this opportunity of providing excellent and high quality health services in rehabilitation without restrictions due to your financial level, insurance or where you live. I hope, we could qualify for any of your financial opportunities.
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Self Identified Competition
We don't have a true competitor, because our services speak by themselves.our competitors referred patients to us. Because they can't provide it. 1. Pivot 2. Forever Fit 3 Adventist Hospital We are different , because although our competitive announce or promote that they can provide services for neurological children and adults. They don't have the qualify staff or the equipments and the patient is referred to us by them or the patient switched to us.
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Contact Applicant
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