Lake Hospice

Lake Hospice, LLC is a standard and licensed hospice and palliative care facility that will be in the heart of Colorado Springs, Colorado in a neatly renovated office space. Eventually expanding into a facility for inpatient and respite clients.

Even though we are a hospice and palliative care facility, we are going to be health conscious and customer-centric with a service culture that will be deeply rooted in the fabric of our organizational structure. With that, we know that we will be able to consistently achieve our set business goals, increase our profitability, and reinforce our positive long-term relationships with our clientele.

Our accommodation facility will be decorated in an exquisite and elegant facade, so much so that it will be a conspicuous edifice in the city. Lake Hospice, LLC will provide a conducive home for our residents; we will engage in programs that offer symptom relief and pain management for patients with life-terminating illnesses and diseases.

Lake Hospice, LLC will always demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our services. Lake Hospice, LLC is a family business that is owned and managed by LaTonya Wells and her immediate family members.

LaTonya Wells who is a native to Colorado Springs, Colorado is a licensed practical nurse. Who has an expected graduation date of June 23, 2023 to become a Registered Nurse with an associate’s degree. She has had over 8 years of experience in the healthcare field in different areas and over 10 years of experience in business management with a variety of business including fast, food, retail, and financial and she is truly passionate when it comes to taking care of people with terminal and chronic illnesses.

Purpose: Our purpose is to give personalized, adequate, and appropriate end of life care, education, and resources to all members in our community and especially to those who are traditionally underserved in our community. 

Mission: Our mission is to provide quality end of life care by individualizing each patients care plan; providing pain management and ensuring comfort; grief counseling; spiritual health and wellness; education and community resources; and bereavement services to our patients and their families to help them live better and cope through and after end of life. 

Vision: Our vision is to follow through on our mission and purpose while ensuring those who have been traditionally underserved will have the same end of life care, resources, and education available to them. 

Lake Hospice, LLC is set up to operate a standard hospice and palliative care facility in Colorado Springs, Colorado. 

We provide the following services:

            - Inpatient and out patient care

            - Individualized care plans

            - Pain management

            - Comfort Measures

            - Skilled nursing (bathing,etc.)

            - Spiritual health and wellness

            - Community resources ( Social worker, etc.)

            - Education on end of life

            - Inpatient respite care

            - Equipment (oxygen, beds, etc)
Lake Hospice, LLC will be built on a solid foundation. From kickoff, we have decided to recruit only qualified professional to man various positions in our organization. We aware of rules and regulations governing the hospice and palliative industry. 

We hope to leverage on their expertise to build our business brand and presence in the community. Our applicants will not only be qualified and experienced, but we will also look for applicants that are honest, compassionate, and a have a need to serve. 

 Positions available will include:

            - Medical Director

            - Facility Administrator (HR/Admin Manager)

            - RN/LPNs

            - CNAs/Caregivers

            - Sales and Marketing Executive

            - Accounting Officer

            - Security Officer

            - Janitorial Officer and staff

Our biggest strength is that we will put emphasis on marketing to those in the community who are traditionally underserved. Accommodated by having a team of well qualified professionals manning various job positions in our organization. As a matter of fact, they are some of the best hands in the whole of Lake Hospice. Our location, the business model we will be operating on, will be a well-equipped office and facility and our excellent customer service culture will definitely come to the fore and position us to stay highly competitive. 

According to the National Hospice and Palliative Care Organization, as of 2012 (latest data available), 83.4 percent of patients in hospice and palliative care centers are over the age of 65. As this demographic expands, demand for industry services will likely also grow. Because people of color, and younger patients are traditional underserved, this allows for more Lake Hospice, LLC to serve more patients than its competitors. Another opportunity is the ability to have an inpatient facility that can serve as hospice and as well as respite care. Both having our own facility and serving people of color will give Lake Hospice a huge advantage over the competition. 

We would need an estimate of three hundred sixty-one thousand and five hundred dollars ($361,500) to successfully set up our hospice and palliative care facility in Colorado Springs, Colorado.
The amount of start-up capital needed is $361,500. Projected revenue is $797,160; with at least 15 patients on service for 7 days a week at any given time. Expected profit will be $120,000-$170,000 yearly. With operational cost ranging from $250,000-$400,000 a year. 

The items listed below are the basics that we would need when starting our hospice and palliative care facility business in the United States;