New Paths Forward | Application Preview
New Paths Forward is applying for government grants to support their initiative to start seeing patients in-person. The funding will be used to rent space for their practice and, in the future, hire an administrative assistant.
The business plan aims to increase their patient intake and eventually bring on additional clinicians and medical providers to better serve the community.
Approval of the funding is justified by the range of psychiatric services they provide, including specialized treatment for Substance Abuse Disorder and medication prescriptions for children.
Currently, there is minimal competition in the area, and the demand for mental health services is significant. New Paths Forward's competitive edge lies in its commitment to delivering high-quality psychiatric care to underserved populations, accepting Medicaid and Medicare despite the low reimbursement rates associated with these programs.
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General Information
Business Registration Number: 881267416
Location: pawucket, RI, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Start seeing patients in-person. Use money for renting space and eventually to pay administrative assistant.
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Business Plan
Take-on more patients. Eventually hire other clinicians and medical providers. I service a vast range of psychiatric needs, including Substance Abuse Disorder treatment. I also prescribe medication to children.
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Self Identified Competition
There are not many competitors during this time. Mental health needs are staggering. I have an ethical and moral imperative to provide high quality psychiatric services to those who cannot afford it. As such, I take medicaid and medicare insurances, with low reimbursement rates.
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Contact Applicant
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