A development program: an alternative way of funding capital and program expenditures.
As medical groups look for new ways to acquire dollars to fund purchases of supplies, services, and capital equipment, the idea of a development program to raise funds from the private sector may become appealing. A development program can provide a mechanism for acquiring additional funds without charging patients more for medical services. The prerequisites of a successful program are: a group's commitment to the effort, establishment of proper tax-exempt status, and availability of competent legal counsel and a qualified person to lead the program. Also discussed here are the essential considerations of implementation approaches, the case statement, standard components of a program, and donor relations.
D002201:Capital Expenditures; D005376:Financial Management / Q000458:organization & administration*; D005653:Fund Raising / Q000458:organization & administration*; D006123:Group Practice / Q000191:economics*; D008962:Models, Theoretical; D014481:United States