1.Halaman Judul
2.Kata Pengantar
3.Daftar isi, tabel, gambar, lampiran
4.Executive Summary
5.Pendahuluan
6.Kajian Potensi Pasar
7.Kajian Finansial
8.Kajian Operasional
9.Kajian SDM
10.Kajian Legalitas
11.Kajian Manfaat Sosial
12.Kesimpulan dan Saran
13.Daftar Pustaka
14.Lampiran
A KESEHATAN
ai harapan investor
t Kesehatan
lampiran
epresiasi).
Period (PP).
modal kerja
1 Gaji jml satuan
Perawat 6
CS 2
dr Jantung 1 Orang
2 Listrik 1 paket
Telp 1 paket
air 1 paket
Investasi Gedung
Nama luas
Athlab 200
grand total
Perlengkapan
1 Kelas 3 Jml Harga satuan
Paket Alkes 1 20,000,000,000
Paket mebeler 1 100,000,000
TARIF RS
Kls 3
Prosedur katup jtg dg kateterisasi ringan 22,813,900
Prosedur katup jtg dg kateterisasi sdg 29,429,900
Prosedur katup jtg dg kateterisasi berat 36,274,100
prosedur pembedahan bypass pembuluh koroner dg kateterisasi jtg ringan 30,194,900
prosedur pembedahan bypass pembuluh koroner dg kateterisasi jtg sdg 36,233,800
prosedur pembedahan bypass pembuluh koroner dg kateterisasi jtg brt 49,857,500
Prosedur kateterisasi jtg ringan 5,916,200
Prosedur kateterisasi jtg sdg 10,248,200
Prosedur kateterisasi jtg brt 18,270,400
visite dokter 150,000
jasa prwt 50,000
js penunjang 25,000
225,000
inflasi 22,500
bunga bank 31,500
Mamin 50,000
329,000
akomodasi 271,000 45%
tarif 600,000
seandainya BOR 100%, maka jumlah hari rawat pasien adalah 730 hr/th
sedangkan biaya perhari untuk 1 pasien adalah
bila kita jual dengan harga Rp 600.000/ps/hr, maka marginnya adalah:
271,000 45%
RP/bln jml/tahun
1,000,000 72,000,000 PNS/PHL?
850,000 20,400,000
12,500,000 150,000,000 242,400,000
-
3,000,000 36,000,000
3,000,000 36,000,000
3,000,000 36,000,000
-
15,000,000 180,000,000
100,000,000 1,200,000,000
1,730,400,000
Harga/M2 Rp
3,500,000 700,000,000
700,000,000
Jml
20,000,000,000
100,000,000
20,100,000,000
700,000,000
tdk dihitung bi;a yg beli pemerintah
700,000,000
Kls 2 Kls 1
27,376,700 31,939,500
35,315,900 41,201,900
43,528,900 50,783,100
36,233,800 42,272,800
43,480,600 50,727,400
59,829,100 69,800,600
6,085,200 7,099,700
10,540,900 12,298,300
18,792,200 21,925,400
429
329,000
UNTUK UMUR EKONOMIS 6 TAHUN
Layanan Cathlab
1 Analisa Potensi Pasar
a. Potensi pasar yang ada saat ini dan 6 tahun ke depan:
Prediksi paien-pasien yang akan menggunakan layanan Cathlab
2015 Rp 1,876
2016 1,995
2017 7,063
2018 7,416
2019 7,787
2020 8,176
2021 8,585
2022 9,014
2023 9,465
2024 9,938
No Th Pendapatan kelas 3
Jumlah
kasus
1 Prosedur katup jtg dg kateterisasi ringan 55
2 Prosedur katup jtg dg kateterisasi sdg 27
3 Prosedur katup jtg dg kateterisasi berat 14
4 prosedur pembedahan bypass pembuluh koroner dg kateterisasi jtg ringan 41
5 prosedur pembedahan bypass pembuluh koroner dg kateterisasi jtg sdg 27
6 prosedur pembedahan bypass pembuluh koroner dg kateterisasi jtg brt 14
7 Prosedur kateterisasi jtg ringan 55
8 Prosedur kateterisasi jtg sdg 27
9 Prosedur kateterisasi jtg brt 14
273
Total perkiraan pendapatan
Nilai investasi
Gedung+alkes
Tanah
Modal kerja (dana operasional)
Total Inves
3. Sumber pendanaan:
Th NILAI RESIDU
0
1
2
3
4
5
6 70,000,000
KESIMPULAN
1 dengan berpatokan perkiraan pengguna sesuai target, investasi
menjadi layak karena NVPnya positif, IRR > WACC
Payback Periodnya mulai tahun ke 3
2 Agar Investasi menjadi sangat layak, maka harus difikirkan sumber2 pendapatan lain yg hrs dikembangkan
3 Semua angka ini berdasarkan asumsi, agar lebih detail lagi harus denan penelitian, perlu waktu yang lebih
banyak.
Kenaikan kunjun 5% /th
2018
371
Kls 3 Kls 2 Kls 1
70% 20% 10%
20% 74 52 15 7
10% 37 26 7 4
5% 19 13 4 2
15% 56 39 11 6
10% 37 26 7 4
5% 19 13 4 2
20% 74 52 15 7
10% 37 26 7 4
5% 19 13 4 2
100% 371 260 74 37
168,000
2019
Pendapatan kelas 3 Pendapatan kelas 2 Pendapatan kelas 1
Jumlah Jumlah
Tarif layanan Total Tarif layanan Total
kasus kasus
22,813,900 1,243,530,936 15 27,376,700 406,051,214 8
29,429,900 802,076,609 7 35,315,900 261,902,714 4
36,274,100 494,303,533 4 43,528,900 161,405,161 2
30,194,900 1,234,388,648 11 36,233,800 403,064,791 6
36,233,800 987,508,738 7 43,480,600 322,452,130 4
49,857,500 679,403,167 4 59,829,100 221,846,303 2
5,916,200 322,477,863 15 6,085,200 90,255,686 8
10,248,200 279,302,393 7 10,540,900 78,171,314 4
18,270,400 248,968,914 4 18,792,200 69,681,478 2
6,291,960,801 74 2,014,830,792 39
9,540,881,618
harga (Rp)
700,000,000.00
1,730,400,000.00
2,430,400,000.00
2020
Pendapatan kelas 1 Pendapatan kelas 3 Pendapatan kelas
Jumlah Jumla
Tarif layanan Total Tarif layanan Total
kasus h
kasus
31,939,500 248,706,499 57 22,813,900 1,305,707,482 16
41,201,900 160,415,477 29 29,429,900 842,180,439 8
50,783,100 98,859,461 14 36,274,100 519,018,710 4
42,272,800 246,877,379 43 30,194,900 1,296,108,081 12
50,727,400 197,502,059 29 36,233,800 1,036,884,175 8
69,800,600 135,880,828 14 49,857,500 713,373,325 4
7,099,700 55,283,944 57 5,916,200 338,601,756 16
12,298,300 47,882,201 29 10,248,200 293,267,513 8
21,925,400 42,682,176 14 18,270,400 261,417,359 4
1,234,090,025 286 6,606,558,841 82
10,123,704,315
DEPRESIASI NCI
(2,430,400,000)
116,666,667 1,314,465,576
116,666,667 1,401,888,981
116,666,667 1,477,816,763
116,666,667 1,557,540,934
116,666,667 1,641,251,315
116,666,667 1,729,147,214
PP
(1,243,879,105)
(101,616,472)
985,307,356
2,019,363,608
3,002,935,153
3,938,317,160
2020 2021
409 429
Kls 3 Kls 2 Kls 1 Kontrol Kls 3
70% 20% 10% 70%
82 57 16 8 86 60
41 29 8 4 43 30
20 14 4 2 21 15
61 43 12 6 64 45
41 29 8 4 43 30
20 14 4 2 21 15
82 57 16 8 86 60
41 29 8 4 43 30
20 14 4 2 21 15
409 286 82 41 409 429 300
2021
Pendapatan kelas 2 Pendapatan kelas 1 Pendapatan
Jumlah Jumlah
Tarif layanan Total Tarif layanan Total
kasus kasus
27,376,700 447,671,464 8 31,939,500 261,141,824 60
35,315,900 288,747,743 4 41,201,900 168,436,251 30
43,528,900 177,949,190 2 50,783,100 103,802,434 15
36,233,800 444,378,932 6 42,272,800 259,221,248 45
43,480,600 355,503,473 4 50,727,400 207,377,162 30
59,829,100 244,585,549 2 69,800,600 142,674,869 15
6,085,200 99,506,894 8 7,099,700 58,048,141 60
10,540,900 86,183,874 4 12,298,300 50,276,311 30
18,792,200 76,823,829 2 21,925,400 44,816,285 15
2,221,350,948 41 1,295,794,526 300
2022
451
Kls 2 Kls 1 Kontrol Kls 3 Kls 2 Kls 1
20% 10% 70% 20% 10%
17 9 90 63 18 9
9 4 45 32 9 5
4 2 23 16 5 2
13 6 68 47 14 7
9 4 45 32 9 5
4 2 23 16 5 2
17 9 90 63 18 9
9 4 45 32 9 5
4 2 23 16 5 2
86 43 429 451 315 90 45
Jumlah Jumlah
Tarif layanan Total Tarif layanan Total Tarif layanan
kasus kasus
22,813,900 1,370,992,857 17 27,376,700 470,055,037 9 31,939,500
29,429,900 884,289,461 9 35,315,900 303,185,130 4 41,201,900
36,274,100 544,969,645 4 43,528,900 186,846,650 2 50,783,100
30,194,900 1,360,913,485 13 36,233,800 466,597,879 6 42,272,800
36,233,800 1,088,728,384 9 43,480,600 373,278,647 4 50,727,400
49,857,500 749,041,991 4 59,829,100 256,814,826 2 69,800,600
5,916,200 355,531,844 17 6,085,200 104,482,239 9 7,099,700
10,248,200 307,930,888 9 10,540,900 90,493,068 4 12,298,300
18,270,400 274,488,227 4 18,792,200 80,665,021 2 21,925,400
6,936,886,783 86 2,332,418,496 43
10,629,889,531
2023 2024
473 497
Kontrol Kls 3 Kls 2 Kls 1 Kontrol
70% 20% 10%
95 66 19 9 99
47 33 9 5 50
24 17 5 2 25
71 50 14 7 75
47 33 9 5 50
24 17 5 2 25
95 66 19 9 99
47 33 9 5 50
24 17 5 2 25
451 473 331 95 47 473 497
2022
endapatan kelas 1 Pendapatan kelas 3 Pendapatan kelas 2
Jumlah Jumlah
Total Tarif layanan Total Tarif layanan
kasus kasus
274,198,915 63 22,813,900 1,439,542,499 18 27,376,700
176,858,064 32 29,429,900 928,503,934 9 35,315,900
108,992,555 16 36,274,100 572,218,128 5 43,528,900
272,182,311 47 30,194,900 1,428,959,159 14 36,233,800
217,746,020 32 36,233,800 1,143,164,803 9 43,480,600
149,808,613 16 49,857,500 786,494,091 5 59,829,100
60,950,548 63 5,916,200 373,308,436 18 6,085,200
52,790,127 32 10,248,200 323,327,433 9 10,540,900
47,057,099 16 18,270,400 288,212,639 5 18,792,200
1,360,584,252 315 7,283,731,123 90
11,161,384,008
Kls 3 Kls 2 Kls 1 Kontrol
70% 20% 10%
70 20 10
35 10 5
17 5 2
52 15 7
35 10 5
17 5 2
70 20 10
35 10 5
17 5 2
348 99 50 497
2023
endapatan kelas 2 Pendapatan kelas 1 Pendapatan kelas 3
Jumlah Jumlah
Total Tarif layanan Total Tarif layanan
kasus kasus
493,557,789 9 31,939,500 287,908,860 66 22,813,900
318,344,386 5 41,201,900 185,700,967 33 29,429,900
196,188,982 2 50,783,100 114,442,183 17 36,274,100
489,927,773 7 42,272,800 285,791,426 50 30,194,900
391,942,579 5 50,727,400 228,633,321 33 36,233,800
269,655,568 2 69,800,600 157,299,044 17 49,857,500
109,706,351 9 7,099,700 63,998,076 66 5,916,200
95,017,721 5 12,298,300 55,429,633 33 10,248,200
84,698,272 2 21,925,400 49,409,954 17 18,270,400
2,449,039,420 45 1,428,613,465 331
11,
ndapatan kelas 3 Pendapatan kelas 2 Pendapatan kelas 1
Jumlah Jumlah
Total Tarif layanan Total Tarif layanan Total
kasus kasus
1,511,519,624 19 27,376,700 518,235,678 9 31,939,500 302,304,303
974,929,131 9 35,315,900 334,261,606 5 41,201,900 194,986,015
600,829,034 5 43,528,900 205,998,431 2 50,783,100 120,164,292
1,500,407,117 14 36,233,800 514,424,162 7 42,272,800 300,080,997
1,200,323,044 9 43,480,600 411,539,708 5 50,727,400 240,064,987
825,818,795 5 59,829,100 283,138,346 2 69,800,600 165,163,996
391,973,858 19 6,085,200 115,191,668 9 7,099,700 67,197,979
339,493,805 9 10,540,900 99,768,607 5 12,298,300 58,201,115
302,623,271 5 18,792,200 88,933,185 2 21,925,400 51,880,452
7,647,917,679 95 2,571,491,391 47 1,500,044,138
11,719,453,208
2024
Pendapatan kelas 3 Pendapatan kelas 2
Jumlah Jumlah
Tarif layanan Total Tarif layanan Total
kasus kasus
70 22,813,900 1,587,095,606 20 27,376,700 544,147,462
35 29,429,900 1,023,675,587 10 35,315,900 350,974,686
17 36,274,100 630,870,486 5 43,528,900 216,298,353
52 30,194,900 1,575,427,473 15 36,233,800 540,145,370
35 36,233,800 1,260,339,196 10 43,480,600 432,116,693
17 49,857,500 867,109,735 5 59,829,100 297,295,263
70 5,916,200 411,572,551 20 6,085,200 120,951,252
35 10,248,200 356,468,495 10 10,540,900 104,757,038
17 18,270,400 317,754,434 5 18,792,200 93,379,844
348 8,030,313,563 99 2,700,065,961
12,305,425,868
Pendapatan kelas 1
Jumlah
Tarif layanan Total
kasus
10 31,939,500 317,419,519
5 41,201,900 204,735,316
2 50,783,100 126,172,507
7 42,272,800 315,085,047
5 50,727,400 252,068,237
2 69,800,600 173,422,195
10 7,099,700 70,557,878
5 12,298,300 61,111,171
2 21,925,400 54,474,475
50 1,575,046,345
Initial investment
1 Gedung dan Alkes - 700,000,000.00
2 Shipping (biaya pengiriman)
3 Installation -
4 Working capital (modal kerja/curren asset/ - 1,730,400,000.00
persediaan untuk beroperasinya alat)
- 2,430,400,000.00
5 Economic life (umur ekonomis) 20.00
6 Gedung dan alkes 10,553,550,000.00
7 Annual depreciation 527,677,500.00
8 Tax (pph) 30%
9 Salvage value (residual value=harga gedung dan 1,055,355,000.00 (asumsi)
10 alkes bila dijual setelah habis umur ekonomisnya)
11 WACC 10.78%
ESTIMASI PENDAPATAN DAN BIAYA OPRASIONAL:
No Uraian Tahun 0 1
11 Sales (asumsi pertumbuhan penjualan)/proyeksi 22,813,900.00
12 Expenses (asumsi biaya(gaji,listrik dll) 1,740,438,116.00
PERHITUNGAN KELAYAKAN:
Uraian Tahun 0 1
Gedung+Alkes - 700,000,000.00
Shipping -
Installation -
Working capital - 1,730,400,000.00
Sales 22,813,900.00
Expenses - 1,740,438,116.00
Depreciation expense - 527,677,500.00
EBIT(earnings before interest & taxes)/laba operasi - 2,245,301,716.00
Tax (30% dari EBIT) - 673,590,514.80
NOPAT (net operating profit after taxes)/(EBIT-pajak) - 2,918,892,230.80
Depreciation expense 527,677,500.00
Salvage value
Working capital
FCF( free cash flow/NCI ) - 2,430,400,000.00 - 2,391,214,730.80
PP - 4,821,614,730.80
NPV #NAME? #NAME?
IRR #NAME?
MIRR 8.63%
WACC 10.18%
Sales 200000
Expenses 120000
Year 0 1
X-ray - 200,000.00
Shipping - 10,000.00
Installation - 30,000.00
Working capital - 20,000.00
Sales 200000
Expenses -120000
Depreciation expense -60000
EBIT 20000
Tax -6000
NOPAT 14000
Depreciation expense 60000
Salvage value
Working capital
FCF - 260,000.00 74000
7629%
2 3 4 5
29,429,900.00 36,274,100.00 30,194,900.00 36,233,800.00
1,743,349,156.00 1,746,360,604.00 1,743,685,756.00 1,746,342,872.00
2 3 4 5
2 3 4
6 7 8 9
10 11 12 13 14
15 16 17 18
19 20
#NAME? #NAME?
#NAME? #NAME?
- 527,677,500.00 - 527,677,500.00
#NAME? #NAME?
#NAME? #NAME?
#NAME? #NAME?
527,677,500.00 527,677,500.00 <---- karena biaya fiktif, jadi perlu ditambahkan kembali
738,748,500 <------(1.055.355.000-pajak 30%)
1,730,400,000.00
#NAME? #NAME?
#NAME? #NAME? <----------PP > 5th ,tdk sesuai harapan
ahkan kembali
Definisi Payback Period
Nilai Investasi
Payback Period = _______________
Proceed
Apabila periode payback kurang dari suatu periode yang telah ditentukan proyek tersebut
diterima, apabila tidak proyek tersebut ditolak.
Rumus periode pengembalian jika arus kas per tahun jumlahnya berbeda
a-b
Payback Period = n +_____ x 1 tahun
c-b
n = Tahun terakhir dimana jumlah arus kas masih belum bisa menutup investasi mula-mula
a = Jumlah investasi mula-mula
b = Jumlah kumulatif arus kas pada tahun ke – n
c = Jumlah kumulatif arus kas pada tahun ke n + 1
Rumus periode pengembalian jika arus kas per tahun jumlahnya sama
Investasi awal
Payback Period = --------------------x 1 tahun
Arus kas
Periode Pengembalian
a-b
= n +_____ x 1 tahun
c-b
Rp 600jt - Rp 550jt
=2 + _______________ x 1 tahun
Rp 750jt - Rp 550jt
v Periode pengembalian lebih dari yang disyaratkan oleh perusahaan maka usulan proyek investasi in
lebih cepat yang dipilih
arat periode pengembalian 2 tahun, dengan tingkat bunga 12% per tahun, dan arus kas pertahun adalah :
Th Expenses (asumsi
ke Sales (asumsi biaya(gaji,listrik dll )
pertumbuhan
penjualan)/proyeksi
1 22,813,900 1,740,438,116.00
2 29,429,900 1,743,349,156.00
3 36,274,100 1,746,360,604.00
4 30,194,900 1,743,685,756.00
5 36,233,800 1,746,342,872.00
6 49,857,500 1,752,337,300.00
7 5,916,200 1,733,003,128.00
8 10,248,200 1,734,909,208.00
9 18,270,400 1,738,438,976.00
10 - 1,730,400,000.00
11 12,305,425,868 7,144,787,382.11
12 #NAME? #NAME?
13 #NAME? #NAME?
14 #NAME? #NAME?
15 #NAME? #NAME?
16 #NAME? #NAME?
17 #NAME? #NAME?
18 #NAME? #NAME?
19 #NAME? #NAME?
20 #NAME? #NAME?
Th
ke
Gedung+Alkes Shipping Installation Working capital
0 (700,000,000) - 1,730,400,000.00
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
ESTIMASI PENDAPATAN DAN BIAYA OPRASIONAL:
No Uraian Tah 1 2
11 Sales (asumsi pertumbuhan penjualan)/pro 22,813,900.00 29,429,900.00
12 Expenses (asumsi biaya(gaji,listrik dll) 60% 1,740,438,116.00 1,743,349,156.00
PERHITUNGAN KELAYAKAN:
Uraian Tahun 0 1 2
Gedung+Alkes - 700,000,000.00
Shipping -
Installation -
Working capital - 1,730,400,000.00
Sales 22,813,900.00 29,429,900.00
Expenses - 1,740,438,116.00 - 1,743,349,156.00
Depreciation expense - 527,677,500.00 - 527,677,500.00
EBIT(earnings before interest & taxes)/laba- 2,245,301,716.00 - 2,241,596,756.00
Tax (30% dari EBIT) - 673,590,514.80 - 672,479,026.80
NOPAT (net operating profit after taxes)/( - 2,918,892,230.80 - 2,914,075,782.80
Depreciation expense 527,677,500.00 527,677,500.00
Salvage value
Working capital
FCF( free cash flow/ - 2,430,400,000.00 - 2,391,214,730.80 - 2,386,398,282.80
PP - 4,821,614,730.80 (7,208,013,013.60)
NPV #NAME? #NAME?
IRR #NAME?
MIRR 8.38%
WACC 10.18%
Salvage value 25000
Year 0 1 2
X-ray - 200,000.00
Shipping - 10,000.00
Installation - 30,000.00
Working capital - 20,000.00
Sales 200000 220000
Expenses -120000 -132000
Depreciation expense -60000 -60000
EBIT 20000 28000
Tax -6000 -8400.00000000001
NOPAT 14000 19600
Depreciation expense 60000 60000
Salvage value
Working capital
FCF - 260,000.00 74000 79600
7629%
Sales Expenses Depreciation expense EBIT(earnings before in
3 4 5 6
3 4
242000 266200
-145200 -159720
-60000 -60000
36800 46480
-11040 -13944
25760 32536
60000 60000
17,500.00
20,000.00
85760 130,036.00
NOPAT (net
operating profit
after taxes)/(EBIT-
pajak)
Tax (30% dari EBIT) Depreciation expenseSalvage value Working capital
7 8 9 10 11
12 13 14 15
16 17 18 19
20
#NAME?
#NAME?
- 527,677,500.00
#NAME?
#NAME?
#NAME?
527,677,500.00 <---- karena biaya fiktif, jadi perlu ditambahkan kembali
738,748,500 <------(1.055.355.000-pajak 30%)
1,730,400,000.00
#NAME?
#NAME? <----------PP > 5th ,tdk sesuai harapan
UNTUK UMUR EKONOMI 5 TAHUN
2018
Dari data 2018 diperkirakan 5%nya memerlukan tindakan, 11.454x5%= 572.7
Ringan 50%
Sedang 35%
Berat 10%
Sangat berat 5%
100%
Kls 3 Kls2 Kls1 Isolasi Kontrol
60% 30% 5% 5%
286.35 171.81 85.905 14.3175 14.3175
200.445 120.267 60.1335 10.02225 10.02225
57.27 34.362 17.181 2.8635 2.8635
28.635 17.181 8.5905 1.43175 1.43175
572.7 343.62 171.81 28.635 28.635 572.7