India has the lowest bed to patient ratio with 0.9 beds per 1,000 individuals. There is a considerable inequality between the demand and supply of healthcare in the country.
Hospital management is also becoming a demanding task owing to the same. It takes years of planning and precise execution by a group of very capable professionals to carry out the day-to-day activities. Lack of funding coupled with outbreaks of critical diseases can be exhausting to deal with.
However, the scenario is changing thanks to the Government and the private sector involvement. Now, you can easily avail healthcare finance to fund any of the expenses required to successfully operate a large-scale healthcare outfit.
You can also follow these tips to run a successful hospital –
- Avail a doctor loan to improve the infrastructure
Infrastructure is one of the important aspects behind the choice of a hospital for any patient. If you can provide proper facilities along with modern equipment, you will surely have a lot of patients choosing your hospital over others. NBFCs offer loans for doctors with substantial loan amounts to specifically help you meet the necessary expenses.
- Offer additional services for critical diseases like cancer
According to the National Cancer Registry, there are more than 1300 cases of fatalities in India every day due to cancer. The unavailability of hospitals treating such critical diseases can create a challenging scenario. Hospitals having designated departments treating rare diseases can help cure a huge number of people not getting proper treatment.
The treatment of cancer requires modern medical equipment for chemotherapy and radiotherapy.
If you seek financial aid to start or modify the cancer care unit of your hospital, you can utilise the substantial funds from a loan for doctors. Check the eligibility criteria for a doctor loan before you apply.
- Create a network of doctors
Doctors refer their patients to hospitals whenever it is necessary. Hence, it is very crucial to have a professional relationship with a group of independent doctors to benefit from referrals.
- Maintain a proper inventory
To run a successful hospital, you must keep essentials like oxygen, an inventory including all blood groups, medicines, syringes, etc. It will save a lot of crucial time on emergencies. Furthermore, it will enhance the reputation of your hospital as a provider of above necessary point to point healthcare services with the least turnaround time.
You can avail healthcare finance from any leading NBFCs to expand your inventory. Bajaj Finserv is one such financial institution that provides loans of up to Rs. 30 Lakh with tenors ranging from 12 to 60 months.
- Recruit trained staff to reduce the processing time
A long admission process during a critical situation or an accident may turn out to be fatal for the patient. Reduction in the amount of paperwork required may even save a life. Having trained staff across all departments can reduce the chance for errors or grievances as well.
You can also increase your workforce to maintain a more robust round-the-clock healthcare output.
- Use a proper patient management system
Install a proper patient and queue management software and reduce human effort and errors. Having a proper software solution will make the procedures more convenient for the staff and the patients.
Implementing the above-mentioned suggestions will surely help you to run a successful hospital. If you need any financial aid, you can avail healthcare finance from any lender to fund any expenses for your hospital.
