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It’s easy for us to get excited about ideas that come into our minds and we invariably may want to act on them right away. I have had discussions with several prospects that have approached me with grandiose ideas and want to move into implementation immediately, without incorporating a systematic and comprehensive due diligence process to gauge its viability. In a country where most of us are risk averse and rarely give wings to our ideas and dreams, I commend these few on their vision and desire to act on it. However, it is imperative that we begin with a proper study that unravels the viability our idea and business plan.
It is crucial for any business to have an in-depth market research done in order to understand the competitive landscape of the industry. Industrial mapping is one such method which gives a clear depiction of the market structure, key players and the trends in growth. Similarly, in case of hospitals and healthcare institutions, there are innumerable factors that need to be considered before its commencement.
Despite some laudable accomplishments in the health sector, the picture is still wanting across all categories and strata of healthcare delivery. On one side the healthcare sector is burdened with paucity of clinical and nursing staff and rising costs, uneven quality and increasing demand whereas on the other hand factors such as life style diseases, communicable diseases, newer emerging infections and accidents and injuries are building up.
Setting up hospitals or healthcare service centers is a highly strenuous task. Nevertheless, with the introduction of total healthcare turnkey solutions, the process has become simple. Entrepreneurs who wish to set up healthcare services can take the professional help from hospital planning consultants. Moreover, the hospital management will also have to take care of a lot of paperwork, both at the government and regulatory levels before commissioning the hospital.
The Government has stated that the value of medical tourism in India is likely to be USD 9 billion by 2020. This is a whopping 200% increase from the USD 3 billion valuations in 2015. For a country that is heavily invested in mutual funds and other financial instruments, such a return over a five-year period would contest with the best performing funds going around.
Hospitals generate a lot of bio-hazardous waste, along with the routine domestic waste. This waste needs to be managed effectively in order to ensure that there is no damage to the environment and to the society. Furthermore, it is also essential for hospitals to plan their hospital waste management efficiently to ensure minimum resource utilization and cost-effectiveness.
Are you planning a new hospital? First, Consult the experts and professionals to get the best hospital designing plans & solutions for Constructing and maintaining a new hospital. The term ‘expert’ may sound self-explanatory but I think it would be prudent to remind ourselves of its definition. As per the dictionary, an expert is
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