The healthcare industry in India faces several challenges because of increasing competition. A lot of other factors are also responsible that affect hospitals profitability such as economic recession, growth in unsecured care, and increased competition for outpatient services. To provide excellent services with increased profitability a hospital management consultancy in India can help hospitals in achieving their targets. According to top hospital consultants in India, if hospitals start focusing on two factors they can enhance their profitability for sure. These factors are:
- Reducing costs
- Increasing Reimbursement
The practices that help hospitals to increase revenue involve:
Reduce the staffing cost by using HRIS system:
Manpower is the biggest expense for every hospital and it is not possible for hospitals to reduce their staff. Hospitals should adopt the human resource information system (HRIS) which is online software to provide a solution for data tracking, data entry, data and data information required by the HR department of the hospital.
Hospitals can employ part-time or hourly employees. This can help hospitals to track their efficiency on an hourly basis as hours worked per case. Hourly based staff includes nurses and managers who come just a few minutes before the surgery. Continue reading