Managing clinic or hospital debt (loans, EMIs) efficiently is essential for maintaining financial stability and ensuring smooth operations. Here are some of the best strategies: 1. Create a Clear Financial Plan 2. Prioritize High-Interest Loans 3. Renegotiate Loan Terms 4. Maintain Cash Flow 5. Automate EMI Payments 6. Optimize Operating Costs 7. Set Up an Emergency Fund 8. Use Additional Income for Prepayment […]

Sion Hospital in Mumbai has set an inspiring example with its breast milk donation program, which has saved over 10,000 newborns in the past five years. As home to Asia’s first breast milk bank, the hospital has received donations from more than 43,000 lactating mothers. This initiative has proven essential in reducing mortality rates among […]

The National Disability Network (NDN), a coalition advocating for people with disabilities, has urged the government to include persons with disabilities (PwD) in the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) without income and age restrictions. With healthcare costs pushing PwDs into poverty due to out-of-pocket expenses, NDN seeks to address this by […]

The World Health Organization (WHO) has made a critical advancement in the fight against Mpox by granting emergency use authorization for Abbott Laboratories’ Alinity m MPXV assay, marking the first diagnostic test to receive approval under WHO’s initiative to enhance testing in regions affected by Mpox outbreaks. This approval represents a significant step forward in […]

India has taken a significant step towards aligning its medical device regulatory system with global standards by becoming an affiliate member of the International Medical Device Regulators Forum (IMDRF). This membership marks a turning point in the Indian medical device industry’s efforts to enhance competitiveness, foster innovation, and achieve international prominence. The Central Drugs Standard […]

Setting aside an adequate budget for employee benefits, training, and retention is essential for maintaining a motivated and skilled workforce in your clinic or hospital. Here’s a breakdown of what to consider: 1. Employee Benefits Employee benefits typically range from 10% to 25% of an employee’s annual salary, depending on the benefits offered and the level […]

Salary standards for doctors, nurses, and support staff in a hospital or clinic in India can vary significantly based on factors such as location, type of facility (clinic, multi-specialty hospital, super-specialty), years of experience, and the level of expertise required. Here is a general breakdown: 1. Doctors Salaries for doctors vary based on their specialization, years […]

Maintaining proper accounting records is crucial for tracking profits, expenses, and tax obligations in your clinic or hospital. Here’s a step-by-step guide to ensure efficient financial management: 1. Use a Proper Accounting System 2. Set Up a Chart of Accounts 3. Track Income and Revenue Streams 4. Monitor Expenses 5. Manage Accounts Payable and Receivable 6. Implement a Billing System 7. Maintain […]