It is all about planning, if you are venturing into a new healthcare initiative

When you decide to venture into a Hospital project, proper planning and application of funds is a key to success. The funding agents either banks or the investors looks into this to monitor proper utilisation of funds as planned. Any deviations may jeopardise the funding activities. 

Market Survey

Includes general understanding on the location, community perception, competitors survey, Primary & Secondary survey, requirement of facility & services in the location, cost of service, tariffs etc. Inputs from Doctors, Administrators & public on the requirements.

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Financial Feasibility

Includes deriving Cost of the project, projected revenue and expenses, Pricing, HR Planning and costing, Civil, Biomedical & furniture - medical & non-medical costing. Also, interest rates, repayment period, break-even analysis, term loan payment for Bankable reports.

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Dip-stick Project Report

Combination of Market Survey and Financial Feasibility study for a give hospital project. A comprehensive report that simulates the real Hospital functions and challenges in a virtual environment. An eye opener for a doctor to correct the challenges at this stage.

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Competitors Analysis

This can be a standalone activity. A structured methodology will be defined based on the type of assignment. Based on the methodology, we will engage the consultants to conduct the study with the help of right kind of resources.

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Human Resource Planning

A major activity, especially in a decent size project. Cost of employees will be the major part of monthly expenses. A meticulous planning is necessary to save substantially. Over and above, the resource to bed ratios to be matching the industry standards. 

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Facilities & Services

These to be defined properly so as to fulfil the requirements of accreditation standards. Eventually, in future these accreditation body will control the quality and hence the healthcare facility to be in compliance with services they offer.

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With all the above, the project should fulfil the funding criteria

Based on the funding criteria, the bankers or the investors will decide to finance the project. One detailed discussion to understand the funding criteria, like what all parameters does Bankers look into before considering the project for financing.

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