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The multiplicity of players in the Healthcare Industry

Success Review on Specialty Hospitals:

The continuing boom in the healthcare industry, despite slowdown has invited many players into the healthcare industry and forced many older ones for strategic change, to invest more and standout with specific USP edge over the competitor.

Despite competition and prevailing pessimism on the success of a new hospitals, a group of young doctors turned entrepreneurs have come across with new concept of exclusive specialty hospitals or rather healthcare centers in their respective specialty across India and even trying their luck across the borders, the promoters of many such healthcare centers in the country and elsewhere are relishing great success. All of these successful new generation entrepreneurs have adopted different business strategies to justify high investments, reaping benefits for themselves and their investors.

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Sustainable growth of Indian Healthcare Industry

Indian healthcare industry is on a robust growth curve with enormous scope for investing in new specialty/ multi specialty hospitals (or) expansion of existing facilities in recent days and installation of advanced equipments/ technology up gradation. According to industry experts, definitely these factors will enable healthcare players to serve the increasing patient population to access qualitative diagnosis and treatment at affordable price models.

Industry Snapshot:

According to a report by an industry body, The Indian health care sector is reckoned to be the engine of the economy in the coming years.

Health care industry in India is predicted to reach US $150 billion by 2017 and approx. US $ 250 billion by 2020, contributing an expected Gross Domestic Product spend of 8 % by 2012 from 5.5 % in 2009. The segment from dedicated pharmacies to medical colleges, gives up bigger investment avenues and competitive advantages, modern facilities with highly technology oriented and good

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Challenges and Prospects of Healthcare in India

The healthcare sector in India is projected to grow about 30 % per arum in coming years, Fastest growing industry in India, accounting roughly 6% of GDP and becoming a lucrative career space in India. Reasonably Recession Proof due to growing domestic demand.

A fast developing economy, increased Monthly Household Income and raised urbanization have been instrumental in spreading the affordability net of average Indian. In present environment patients are demanding for value and quality healthcare services for their money.

Economy, demography and Industry:

Indian economy - average annual growth rate over the past half century

  • during the 50s, 60s and 70s - 3.5%
  • during the 80s - 5.7%
  • during 1990-2005 - 6.0%
  • during 2005-06 (9.4%), 2006-07 (9.6%) and 2007-08 (9.0%), averaging 9.3%

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Why do we need a prescription from physicians?

Why do we need a prescription...?

Why do we need a prescription from a physician for some medicament and not for others? It is a fact that comes a point in everybody's life when who needs a medical help. At that situations it turns vital to take prescription medicines in order to recover from the health problems. Often while buying drugs, a thought comes up that, why we should prefer medications that are prescribed by the medical practitioners.

The answer here for this question (?) is that, certain drugs that are listed under schedules, can be consumed only when you have a doctors consultation and their prescription.

The United States Federal Food, Drug, and Cosmetic Act (abbreviated as FFDCA, FDCA, or FD&C) is a set of laws passed by Congress in 1938 giving authority to the U.S. Food and Drug Administration (FDA) to oversee the safety of food, drugs and cosmetics. The FD&C Act and later amendments, established the current system of drug regulation. It set up classes of drugs and th

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HEAT WAVE ALERT! Protect yourself in summer

Protect Yourself and beat the heat wave:

A heatwave is defined as consecutive days of hot weather during which temperatures are extremely high during the day and especially at night. With temperature soaring above 45 degrees these days, summer heat is taking heavy toll on human life in India,it is crucial to be proactive to prevent sunstroke or dehydration.

The direct exposure to sunlight is causing several heat related health issues like heat exhaustion, heat cramps, muscle cramps, headaches, dizziness, fever, fatigue, drowsiness and heat strokes. Thus, it is high time to take the precautionary measures and protect ourselves and beat the heat waves.

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Focus on best methods of Team challenges

Team challenges : focus on best methods ?

Everybody gets their own personal baggage with them to exploit. People picks poor selections, act in a hasty, foolhardy manner and fight down their own ease zones. They have agendas all their own that frequently not anything to do with the work agenda that you, as the manager, are advancing. At some times the self-interested and little things employees carry out is no surprise. Some employees recapitulate a deportment that has been viewed before many times if you let them. Fisticuffs, enviously, shafting for role or position and defending sward are somewhat normal behaviors. In certain cases these qualities quite a surprise. In contrast, every work environment has professionals, who carry out their operations in well manner, take care of themselves and are supportive of others on the team level when necessitated.

The good managers put very good efforts to motivate and guide their team members to achieve agreed smart or project objectives and

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Few facts about Medical Devices

Medical Devices : Few facts:

Africa is one of the bold countries to quantum leap the healthcare facility and that accommodates sophisticated Medical devices in its regulation system. Persistently increasing indulgence of private sector in medical and healthcare facility has not only revised the mortality and morbidity figures, but also has altered financials of the nations. Temperate climate and wide weather diversity, neighboring with equatorial forests and traditions & customs make the land happening but augment this challenge on governance in the African continent.

South Africa, a more than 50 million people's nation, is no exception to healthcare challenges of a developing nation. Both; subsidized and mainly insurance driven private segments of African healthcare management have widely evolved and expanded. There is still a wide scope of penetration of the root deeper in the soil looking towards yet-to-be-met grass-root level beneficiary. Percolation of the secondary and tertiary

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Developing Standard Operating Procedure skills

Developing SOP Skills:

This article brings about the fundamentals of writing / imposing industrial Standard Operating procedures (SOP’s); which ensures internal compliance requirements / external regulatory requirements. If you are a pharma / bio pharmaceutical manufacturer, this is no surprise with Food and Drug Administration because “establish” means to define, to document, to implement and to comply with regulatory requirements.

There are unnumerable instances of regulatory authorities and warning letters regarding compliance procedures that take place within bio pharmaceutical facilities throughout the global landscape. For Example: If companies do not have any quality audit process in place to ensure that the quality system is in compliance with the established quality management requirements and to influence the effectivity of the quality process. If as on date no audits that have been taken place, facility take a commonsense approach and look at what is mandatory to exert con

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Indian scientists towards food sufficiency

New Approach by Indian scientists towards food sufficiency:

In current research, the scientific community has came with the new experiment, which carried out in the field of in-vitro meat (By Prof. Mark Post of Maastricht University, from the Netherlands), the experiment attempts to produce a hamburger in the laboratory by using stem cell technology.

The Prof. Mark Post, uses cow stem cells, by transforming them into tissues which resemble the skeletal muscle that makes up steak or hamburger. Prof. Mark Post says that, by producing meat with this technology, would use about 40% less energy than other traditional procedures. Currently, The Professor, has made a small strips of this tissue. Further, He will need thousands of these small strips to assemble into a hamburger. (Involves approx €250,000 to create the hamburger, An anonymous financier is funding to the experiment). The Prof. Mark Post informs that, the original plan was to develop a sausage, how ever, with all the fillers in

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Get Solutions for Hiring Challenges

One of the challenges that healthcare players may confront is attrition of employees in the recruitment process. Short listed members may move away from the application process for various reasons :

  • disinterest in the organization,
  • other job opportunities' at a time,
  • they think that recruitment process is unfair..and so on.

All of these reasons can be result of tediously protracted recruitment process; members who are put in "holding practice" in certain levels of process may have the feeling that the employer is not evaluating or respecting them as an employee, and, as a matter of that they move away from the recruitment process. Furthermore, it is a reality that these members are looking for other job opportunities' and interviewing with various companies. Other players that are able to process jobseekers faster have the upper hand since they can provide opportunities' to the jobseekers ahead other parties. Overall, it makes signified to bring down time for the hiring process

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