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Business Plan For Setting Up Medical College With Hospital | |
| A medical college is designed to provide students with medical education in order to qualify them as doctors in several specialised areas so that they can treat patients suffering from various illnesses. Doctors, with their determined spirit, serve the nation as a whole by giving medication and treatment for the eradication of diseases that rob people of their health and cause them to suffer. Medical College means an institution, whether known as such or by another name, that offers a programme beyond 12 years of schooling for obtaining a recognised MBBS qualification from a university and that is recognised as competent to offer such programmes of study and present students enrolled in such programmes of study for the examination for the award of a recognised MBBS/PG Degree/Diploma from such university, in accordance with the rules and regulations of such university. A hospital is a health-care agency that provides preventive, curative/ameliorative, palliative, or rehabilitative treatments, according to various definitions. Hospitals nowadays also include bio-social research, teaching and training facilities for all hospital employees, and a health team that comprises not only doctors and nurses, but also para-professionals, paramedical staff, pharmacists, and other healthcare professionals. Increased negligence by these institutions' doctors, as well as overpopulation, provided a chance for private hospitals to thrive. A growing number of private hospitals have opened, offering everything from E.C.G.S. to X-Rays to Laboratories, as well as 24-hour emergency and admission services for sick people, badly injured people, and pregnant women. Because one's life is deemed to be much more expensive and bills for treatment can be overlooked, middle and upper-class families began to prefer these private hospitals and nursing homes. The sector of colleges and universities is predicted to increase steadily. High unemployment and difficult economic situations prompted more people to pursue higher education in order to improve their job market competitiveness; the consistent rise in high school retention rates also boosted college enrolment. Industry revenue is expected to grow over the next five years, according to IBIS World, due to consistent demand for higher education. The Indian healthcare business, which is one of the fastest expanding, is predicted to increase at a CAGR of 22.87 percent from 2015 to 2021, reaching USD280 billion. In India, there is a lot of room to expand healthcare services penetration, which means the healthcare industry has a lot of room to grow. India is a land brimming with prospects for medical device companies. With massive capital investment in advanced diagnostic facilities, the country has also become one of the main destinations for high-end diagnostic services, catering to a larger part of the population. Furthermore, Indian medical service consumers have become more aware of the need of maintaining their health. The Indian healthcare industry is extremely diverse, with potential in every segment, including providers, payers, and medical technology. Businesses are looking for the latest dynamics and trends that will have a favourable impact on their business as the competition grows. The hospital business in India is expected to grow at a CAGR of 16–17 percent from Rs. 4 trillion (US$ 61.79 billion) in FY17 to Rs. 8.6 trillion (US$ 132.84 billion) in FY22. Key Players 1. A V P Research Foundation 2. Aakash Educational Services Ltd. 3. Adani Hospitals Mundra Pvt. Ltd. 4. Apple Hospitals & Research Institute Ltd. 5. Artemis Medical Institute & Hospitals Pvt. Ltd. | |
| Plant capacity: 150 Students Admitted per Annum 100 Bedded Hospital | Plant & machinery: 14.55 Cr |
| Working capital: - | T.C.I: Cost of Project: 73.05 Cr |
| Return: 31.00% | Break even: 49.00% |
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