Bhubaneswar: Hospital industry is the one which is viable if not profitable. Though it has its challenges like every industry. It is a service industry but people don’t visit here for leisure or pleasure rather in the time of pain. In this industry, there are a lot of moral laws where one does not have the option to not treat the patient or for that matter any excuse is accepted for a mistake. This is the statutory compliance a medical staff is put up with. In the time of death of a patient, it becomes a huge responsibility of the hospital and the authorities to handle it with utmost sensitivity.
As hospitals, especially the private hospitals are also business or profit making industry along with being the service providers, but when it comes to talk about the profit making the people become very hesitant to accept it’s capitalists establishment due to the association of care giving, and service side of it.
It is a very high capEx intensified industry because the investment is very high and those investments are short live spans. For example, if a MRI machine is bought today, it would be outdated after about the next six months. The technical, human resources and capital investments are very much high in the hospital industry. So the process of optimization should be the fullest which is as of technology, automation , work on the man power optimization etc though it is a huge challenge in this industry to cope up with. It is normally happens that the back hand resources are negotiated first when it comes to cost cutting or budgeting. But in this industry if the hospital is not clean, the house keeping us compromised then there would be the risk of infection. So all the departments be it nurse, OT nurse, house keeping etc are equally important to sustain the viability of a hospital. The hospital industry or any high end corporate hospital does not gain more profits than maximum of 30 percent because about 60-65 percent of the hospital cost is on man power which cannot be negotiated.
The hospital head plays a very crucial role in making and transporting the organization in the best possible way when he/ she knows the financial expertise having very balanced and focused vision for the promoters. The hospital head has to be a person who would be thinking from the head not with emotions to run a hospital. It is an urgent necessity today to have a health insurance especially for the middle class people. For the lower income sections, there are government health scheme and higher
income groups can afford any hospitals any where. So is the middle income groups who would suffer if they don’t have a health insurance.
Firstly, every body should take a health insurance even if there a medical insurance in your company, part of a group insurance, part of CJHS, still take out that of money for your health insurance. Secondly, a health insurance that covers the whole family called family floaters policy is well advisable. Here the whole family gets covered. Whoever falls ill will be covered by this policy. It is not just limited to any particular member or amount of money. Third, one should be very careful of the seller of the insurance. The insurance policies are bound by many packages. So you have been vigilant about which are the illness, surgeries and sections that are covered and how much for what. When it is low premium what are the fixed packages in the insurance. The younger you are the lower the premium would be.
-OdishaAge
