Hospital Management Consulting

Management consulting is the practice of helping organization to improve their performance. Our group of intelligent, analytical minds work together to help our client solve complex business problems. Hospaccx provide management consulting to the hospital that includes various services:

1. Market and Financial Feasibility Report:

Hospaccx provide a detailed study project report which would help you check the viability and prospects of proposed Hospital. We offer an in-depth, objective and scenario-based analysis to assess whether the feasibility to enter into the market exists. The scenario- based feasibility not only allows you to examine the range of possibilities that build a new story but also provide a constant reference check for future.

Ultimately, it gives a clear-cut idea whether the project is successful, before allocating budget, manpower and time.

This service covers the following:

The report is a Comprehensive document consisting of information under following heads:

Financial Feasibility

• A complete Financial feasibility report: It analyze the construction, medical equipment and furniture cost to have an idea about total cost.
• HR planning: A complete account of Human Resource requirement in the initial stage is planned with the approximated payrolls.
• Working Capital Analysis: It contains a detailed assessment to calculate approximate work capital.
• Revenue Modelling: A complete and detailed account of revenue for your venture is provided which contains Source of revenue, what value to offer, how to price the value and who pays for the value.
• Detailed profit and loss sheet: A descriptive profit and loss sheet is prepared specifying the forecasted financial statements to identify Break-even point and ROI of the project.

Market Feasibility

• Analysis of Demand and Supply Gap: It identifies and estimates the need of the Hospital in current scenario.
• Feasibility of Geographical Site Location: Studying the location of site makes us well aware of the surroundings and viability of a Hospital in that area.
• Healthcare Scenario in proposed Location: Helps us analyze the diseases prevalent in the area to work accordingly and plan the departments of the Hospital.
• Catchment Area Analysis: It defines the area around the site that has sphere to influence patients.
• Identification of Competitive Market: It gives the details of pre-existing competition in the market, to know the standards above which we need to work.
• Latest Trends associated with it: This makes the promoter well aware of latest technology which needs to be incorporated while planning a hospital.
• Infrastructure Planning: It is a detailed account of the layout of the proposed medical project.
• Need Gap Analysis: This helps in assessing the attractiveness of new business and determines the general level of acceptance.
• SWOT Analysis: Give a description of internal strengths and weaknesses as well as external Threats and Opportunities of your planned Hospital.
• Factors Affecting Viability of the project: It highlights all the contributing points of the study which add on to reason for starting and investing in the project.

Methodology

We work for your dreams!!

The protocol we follow to prepare the reports will give you core Market and financial statistics. The research methodology involves primary and secondary data collection.

Primary Data consists data from First hand Sources such as Interviews, Questionnaire and Surveys.

Secondary Data includes management of already existing data from Census reports, Magazines, Journals, Articles, Organizational records, Institutes Website etc.

The Forecasting of financial returns is done on the basis of predicted expenses and investments.

The data gathered helps us to come up with best plans for your venture.

Deliverables

We deliver what you demand!

We provide you a complete documented report of your dream project which consist of meticulous information of Market and Financial Feasibility.

The report also contains a comparative study with the existing competitors in the market to know the potential of your planned business.

2. Accreditation- NABH/ JCI:

Accreditation plays a very important role in enhancing of quality standards of an organization. We help by assisting hospitals in smooth accreditation process by obtaining various accreditation and licenses. This division of our organization is playing a leading role in upliftment of quality environment and standardized functioning in both public and private hospitals. The Quality and accreditation for Hospital helps the organization achieve ISO certification, Accreditation through NABH, JCI and also other quality accrediting Organizations.

We at Hospaccx, provide assistance in following activities for NABH accreditation:

• Gap assessment and analysis: Complete assessment of Hospital Infrastructure, Human resource and biomedical equipment process, documentation and orientation of the staff to the accreditation norms is included under this. Assisting this helps in fulfilling of gaps and thus services offered support accreditation standards.
• It involves assistance in reviewing the Hospital plan for accreditation at various stages. Usually, orientation and training to the staff is planned to get a pace with accreditation process and achieve organizational quality structure and culture.
• Aiding the organization in formulation of committees and teams.
• Helps the Hospital in development of documents containing SOPs, Manuals, Policies, Department wise instructions, infection control practices which modulates the existing system and identify changes which has to be done in order to match the accreditation norms.
• Assistance in development of record keeping program of the facility
• Conducting and organizing various training programs for the organization. The trainers could be in-house or out-sourced based on the requirement and availability.
• Training of pre-identified hospital employee on NABH methodology for accreditation
• Facilitation on development of facility assessment program.
• Monitoring of activities.

The set of above-mentioned activities are conducted by doing various quality check Audits in the hospital, arranging of training programs which can be generated through external trainer, in-house facility trainer or consultant trainer and resources. Similarly, facility assessment is carried out by training of facility staff to conduct assessment and mock drills.

3. Revenue Enhancement and Cost Reduction:

We at Hospaccx help you in various activities which results in revenue enhancement and cost reduction of your Hospital. It is always difficult to generate profit but for healthcare it is more challenging. We at Hospaccx, help our clients to improve their profitability by helping them at every stage. Some of services which help in increasing profit and reducing cost are:

Reducing Supply Cost: The cost of supply accounts for significant budget of the Hospital which can be cut down easily. We help in negotiating with vendors for discounts and prefer opting for more favorable terms of agreement.

Selection of vendors: By our protocol of selecting the vendors for various medical equipment and other facility requirement, one offering the best services with lowest bid is selected in order to generate profit.

Assist in Outsourcing services:  We help in outsourcing the services which are unprofitable in operations and thus helps in increasing the overall profit and reducing cost.

Energy Utilization: We design the electrical layout and the components in a way which promotes the use of minimum electrical energy. Having room with natural light and ventilation is one of the ways to save energy during day time.

By optimum use of resources: We plan and suggest you to use the available resources optimally so as to have maximum output with minimum input.

4. Assessment/ External Audit: 

We at Hospaccx, conduct an assessment study for your already existing Hospital. This study helps us asses the current and future projections. A detailed assessment of the site is done to analyze the future trends and upcoming challenges.

In this service we cover following practices:

• Assistance in getting your facility NABH accredited: We work for your healthcare facility to get Entry level or Full NABH Certification by objective evaluation of the process to help the healthcare organization measure, assess and improve performance.
• Plan the details to expand the services of your existing facility: If you planning to extend your healthcare facility, taking our assistance is the option because we as a team help you with that in every phase.
• Conduction of internal and external audits for your center.
• A detailed study and analysis of functioning of facility in order to identify the loopholes.

We therefore provide you with detailed assessment study of the facility to have complete in and out picture of functions running. This can help in identifying the loopholes and areas of improvement for your Hospital. The complete report of Audits is provided and areas of improvement are mentioned so that desired action can be taken.