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Business Plan is a living document to an idea that you are working on. The document would be a baseline work towards conceptualizing the idea and the business associated with it. In the healthcare domain, it is very much important to do it professionally by seeking the assistance of healthcare consultants who have experience in conceptualizing the business. But the domain remains with you as the project would be your brainchild. Healthcare consultants help in only the project conceptualization as per the set methodology and the rest of the onus still rests with you. The methodologies include identifying the kind of service/product designed, its requirement for the end users, affordability, competition, SWOT analysis, pricing and strategies to take it to market. Since the healthcare service is a human resource intense model with low margins, it is very important to work on the viability of the project and that is where the healthcare consultants add more value. The entrepreneur has to understand the revenue projection at least for the next 5 years and also the projected profitability statement. This should help him in understanding the potentials of the business and hence gives them a confidence to prove the concept. This is very much important in healthcare as it all depends on the end-users and their awareness towards the healthcare service that you are planning. Hospital is a proven model and bankers look into some financial indicators and the collateral to fund the project, but if the service you have designed is an innovative and new one, the best approach would be to work on the business plan, and then do a detailed market survey followed by proof of concept. The Business plan has to include the detailed understanding on the strengths of the promoters, the service/product that you are offering, the market requirements, total capital investment required, operational expenses, profitability and sensitivity analysis. Additionally, a detailed understanding on the competitors and SWOT analysis is also required. Once you are convinced with the plan and the business involved in it, you need to understand the opinion of the end-users. Based on the type of service, one needs to define a methodology to do the market survey. A profile with medical knowledge ideally a doctor with business acumen is the best person to seek assistance for in these matters. Understanding the domain and connecting to healthcare people is the most challenging thing, if the consultant is not a doctor. FAQs Business Plan Conceptualization - Healthcare What is Business Plan conceptualization? Is it worth to take the consultation of a Healthcare consultant or sit with my CA to work on my innovative healthcare project? Why taking the help of only the CA is not advisable in preparing a business plan in healthcare domain? Which is better – A business Plan or a Detail Project Report for my upcoming Hospital? Which is the best innovative healthcare model among many which I have shortlisted? How to prioritize?
Evidence based practice is the buzz word in today’s scientific age and every industry has now set standards towards the way things are practiced. Healthcare specifically patient care has been practiced for ages and has proved several practices to be efficient, especially highest level of standards and patient safety. Apart from this human resource optimization, functional efficiency & facility optimization are the integral part for organizational efficiency. It is a common notion that bringing in standards into the organization will increase the operational expenses. It is definitely true and one faces difficulty in implementing this during the initial days, but over the long run the standards keep the organization efficient and economical. The activity will have a good return on investment by bringing standards in the mode of operations. In India more than 75% of the healthcare providers are private and lack of standards brings in organizational inefficiencies. Only corporate hospitals and institutes have some level of standards, whereas in small scale hospitals and hospitals run by independent doctors, emphasis is much on patient care but they tend to ignore the standards. It is very important for such doctors and hospitals to understand the importance of setting standards in the operations including patient care. The self-assessment of the organization has to be mainly towards the following. Hospital management & its policies Standard Operating Procedures Patient care and ethics in rendering the services Continual improvement of the quality Patient safety & emergency management Functional efficiency Since it is pretty new for the Indian healthcare industry, hospital consultants who have specialized in hospital administration & operations have sound knowledge of doing such organizational assessment to identify areas of improvements. We call it Hospital Reengineering, which may be supported by technology to bring in standards in hospital operations. FAQs Organization Assessment - Hospital What is an organizational assessment of a hospital? When is it done? How do I address my hospital’s operational inefficiencies? Does designs plays a role in operational efficiency in Hospital? SOPs in Hospital & Operational expenses – What kind of relation does these two share How do we sustain our hospital service in the midst of competition?
With the increasing number of candidates opting higher education in India, pose huge challenges in maintaining the quality of education. The growth rate of qualified academicians are declining compared to the number of candidates opting higher education, specifically in Medical science. It is also evident that the average age of different cadre of faculty are decreasing posing huge threat on the quality of education and lacking good experience in teaching. Medical Council of India, has initiated the innovation campaign through organizing programs on training the trainers on bringing in innovations in teaching, assessing and creating interest among students. Along with this, they also conduct training on designing MCQs which has become a science now. Academicians are now emphasizing on objective based evaluation over subjective to bring in uniformity in assessment. The other reason being, cost effectivity wherein evaluation of objective based tools is simple, can be automated, and less time consuming. Hence the science is now to design an effective MCQ to assess the students & their learning behaviour. Technology is invading even medical education, and students at early age are adopted to computing techniques, it makes easier for the policy makers to adopt to the growing needs of technology. Understanding this, MCI in bringing in techniques in the process of Medical Education. Now the MCQs are being part of internal assessment and term exams of most of the medical colleges in India. Such assessments are orienting the medical students on the competitive entrance exams. Given an opportunity, medical students can make best use of such integrated approach towards both term exams and competitive PG entrance exams. In entrancebook, an attempt is made to continually update the MCQs and alleviating the quality of MCQs, distractors, explanations and also manage the contents at your pace giving you full independence to manage your self-study experience. We hope that you got to understand the importance & the science behind designing an MCQs. You can experience the self-study in entrancebook by placing a request through an email at email@example.com. We can issue a month’s time complete version subscription to experience the effective learning.
Interview analysis Couple of most important questions asked were How did you prepare during internship? How to study for medical entrance exam? - PG What was your study strategy for PG medical entrance test? What role did internet play Did you attend PG medical entrance coaching and was it useful? What was your strategy for taking the exam Macula Healthcare, analysed the above 5 questions and the same has been interpreted below It is very important to complete internship as it gives you full exposure to all case, under supervision. During this training period, a doctor will get the only chance to expose to cases so as to acquire skills. It is necessary to balance Internship & preparing for competitive entrance exams. A study has been conducted that priming students with before formal lecture class. It was conducted at AIIMS Jodhpur, and the outcome was better understanding & validates the superiority of student centric learning. The same has been adopted by Dr Siddharth, wherein he brushed through MCQs before reading the theory and then solve the MCQs. Internet is a double edged sword, as it helps or distracts the students. Most of the serious students will be benefited, provided if there is a one stop portal which helps them in all possible ways while preparing for the entrance exam. One most important opinion shared was on entrance coaching. “I would say they are not essential per se, but yes they helped me”. But what is important is how you study on your own once you return back from coaching class. Everyone who has secured rank, would have studied on their own, confined to their time and space. Coaching centres teaches them how to overcome the stress, tackle complex questions and touch base important topics, but is humanly impossible to cover the whole curriculum. Identify best books for medical entrance exams and prepare for the same. Understanding these key points Macula Healthcare, did an intense research in bringing out a product – entrancebook, and is in line with the opinion placed by the rank holde To add to the analytics, entrancebook Will help internees in balancing the clinical exposure and simultaneously prepare for PG competitive entrance exams. One can read through the topic based MCQs to prime before reading the theory and then solve the questions. A platform connecting experts and students, and hence make best use of the technology in optimizing the time. The portal gives ample time to prepare on your own and at your pace. It will also complement the physical tutorials if properly used. Emphasize on self-study, wherein 85% of a student’s preparatory time will be spent at their discrete. Internees’ who wish to experience the portal can write to us at firstname.lastname@example.org with a covering letter. We will get back to you with one month full version access for unique learning experience. Source Link
entrancebook is an online self study portal that aims at helping aspirants who wish to crack medical and dental PG entrance exams. This portal is explicitly designed to assist the medical and dental graduates or aspirants who are preparing for various competitive PG medical and dental entrance exam in India. We offer contents that include a variety of reference materials, MCQs and a collection of various medical and dental PG entrance exam question papers.
entrancebook offers a smart and holistic learning experience. The portal contains online medical and dental entrance exam practice tests and mock tests and is the best medical and dental entrance exam study experience available today given its unique methodologies and focus on self study. As self study constitutes 85% of our study time, any technique that optimises that and produces a better outcome than the rest would be welcomed with open arms and entrancebook is just one such portal! Some of the prominent medical entrance exams for which we offer study materials are AIIMS, AIPGMEE, PGI Chandigarh, K CET, COMED K, and JIPMER.
entrancebook is a novel medium and complements the traditional methods of study. Not only that, the portal offers a platform for discussing and clarifying doubts with experts.