Scaling your hospital’s operations—whether by increasing bed capacity or adding new departments—can significantly enhance patient care, revenue, and your hospital’s reputation. However, it requires careful planning and consideration to ensure that growth does not compromise quality or lead to financial strain. Below are key factors to consider when expanding hospital operations. 1. Assessing Demand and […]

Deciding between purchasing or leasing medical equipment can significantly impact your healthcare practice’s financial health, operational efficiency, and ability to provide cutting-edge care. Whether you’re setting up a new clinic or upgrading an established one, understanding the pros and cons of both options can help you make the best decision. Below, we break down the […]

Maintaining lab and imaging equipment is crucial for healthcare facilities, ensuring that the tools for accurate diagnostics are in optimal working condition. However, ongoing maintenance can come with significant costs. Understanding these expenses is essential for both small clinics and larger hospitals to allocate their budgets effectively. Below, we break down the typical maintenance costs […]

The National Medical Commission (NMC) has made an important update to the Competency-Based Medical Education (CBME) curriculum, mandating that MBBS students acquire suicide risk assessment as a certifiable skill starting in 2024. This move is aimed at improving psychiatric competency among future doctors and addressing India’s growing mental health crisis. Suicide Risk Assessment in Medical […]

The Central Drug Standard Control Organization (CDSCO) recently released a drug alert, flagging 48 formulations that failed to meet the necessary quality standards during a random drug sample test conducted in August 2024. The alert has raised concerns about the safety and effectiveness of several widely used medicines in India, prompting patients and healthcare providers […]

Introduction Creating a fair and transparent revenue-sharing model with consultants or specialists is essential for maintaining a balanced and successful healthcare practice. Whether you operate a clinic or a hospital, sharing revenue with consultants must align with both parties’ contributions and ensure long-term profitability and satisfaction. Here’s a step-by-step guide to developing a revenue-sharing model […]

Running a 20-bed multi-specialty hospital is a significant operational challenge, requiring careful planning and management of recurring costs. These costs include rent, salaries, utilities, medical consumables, and maintenance. Here’s a breakdown of typical recurring expenses involved in running such a facility: 1. Rent 2. Salaries Salaries for doctors, nurses, and administrative staff form the largest […]

Hyundai Motor India Foundation (HMIF), the CSR arm of Hyundai Motor India Limited (HMIL), has taken significant steps in addressing the healthcare needs of rural and remote regions across India. With the inauguration of 10 telemedicine centers and the launch of four mobile medical units, the foundation’s Sparsh Sanjeevani healthcare initiative now covers four states […]