Reliacare Home: Offering Comprehensive Audiological Services - Essay Sample

Introduction

RELIACARE HOME is a private start-up that will operate as a sole proprietorship. It will major mostly on offering audiological services, and all its products will be procured from external manufacturers. Services include but are not limited to, assessing an individual’s hearing problem, counselling, clinical treatment, home intervention, auditory rehabilitation, family support, implant programming, auditory training, after-treatment services, etc. Since the business is not looking to operate as a manufacturing enterprise, hearing aid models will be sourced from outside manufacturers at a cumulative price estimated at $52000. After that, the business will acquire hearing aids at a client’s convenience and preference. In boosting the revenue, the business is contemplating selling batteries, assisted hearing devices and hearing holders.

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Hearing aids are distinctive products that should be customized to meet a patient’s needs adequately. This assertion implies that product quality is a cornerstone in this industry. In achieving high-efficiency levels with our purchased products, we will conduct regular electroacoustic analysis on all purchased aids to ensure their functionality and specifications are a match. The enterprise will also erect a suggestion box where clients can rate the quality of service to give us a hint on areas we should improve.

Since our key target market will highly encompass senior citizens, the business will be located next to a retirement home. The select location will be in Savannah Lakes Village, McCormick, South Carolina, which is a retirement community that is up for expansion. The business will operate in a rented apartment that will contain a reception area, a display area for the various models, a soundproof booth that contains an audiometer for testing, and a consultation room. Savannah Lakes Village possesses one of the best internet connections in the country that will greatly appeal to our online endeavours. The area has good infrastructure in terms of roads making it easily accessible to anyone and everyone. After a conscientious analysis, rent costs = $600 p.m., buildout costs = $60000, maintenance costs = $33000, furniture costs = $24600, equipment budget = $52000, utilities = $250 p.m. Since the business is to be located within a residential area, the underlying idea is that it interferes with the normalcy of a peaceful residential home and zoning restrictions will be applied in line with this bound.

The primary accrediting body that will verify this business will be the American Speech-Language-Hearing Association (ASHA). The insurance coverage will be an audiologist professional liability insurance that is estimated to cost $500/year in terms of instalments (Harrison et al., 2016). One crucial workplace regulation stipulated by ASHA is multiskilling, which prohibits audiologists from offering services that are out of their scope.

In its start-up plans, the business will prelude with two employees, a certified audiologist and a subordinate manager. The certified audiologist must hold a bachelors degree in audiology from a certified institution, with at least one year of working experience. The subordinate manager will be in charge of office cleanliness and organization. More recruitments will follow as the business expands with increased demand. Training will be conducted through monthly invitations of an experienced audiologist who will also offer insightful knowledge.

References

Harrison, J. P., & Association of University Programs in Health Administration. (2016). Essentials of strategic planning in healthcare (Vol. 1). Chicago, IL: Health Administration Press.