Being a physician planning to start your healthcare institution, you must be already boggled by the hundred practical details that you have to take care of. One enormous task in all this is the organization of funding. Since establishing a hospital is an expensive affair, it is only fair that you will need financial backing. Remember, entrepreneurs and investors both equally need each other; they are two halves of a symbiotic relationship…one cannot prosper without the other. Hence, be confident, pitch your idea, and convince them to come on board.

Here are some tips that will ensure that you secure funding that will make your dream Healthcare.

1. Curate a business plan for your Healthcare.

To begin with, Investors want to see hard numbers and not pipe dreams. A plan is the spine of any business goal. Ensure that you have a sturdy business plan when you pitch it to your potential investors with confidence and conviction.

Do an in-depth study of your core strengths, your competition, and your market scenario before formulating your business plan. Ensure that your business plan emphasizes your targets and your strategy for meeting them in a time-bound manner.

Also, Impress your potential investors by indicating how you have forecasted the accomplishment of every milestone like break-even points, growth, and target achievement.

2. Convey your core attributes

Secondly, Every institution has its strengths. It may be your panel of experienced physicians or your wish to house the latest most advanced technology. Be sure to convey this to your potential investors and communicate how you plan to be a class apart from the other players in your field and set a benchmark above the competition. This will impress your potential investors.

3. Provide Fund allocation details

Thirdly, Potential investors will gain more confidence in your venture if you can provide them with a detailed break-up chart about your projected fund utility. This will lend an aura of transparency to your dealings which will augment trust.

Break up your costs into heads and subheads so that your potential investors get a lucid and vivid view of your projected cost allocation. Scrupulous distribution of funds will augment the investor’s assurance for investing in your healthcare facility.

4. Keep your financial records clean

Before making any investment, financial institutions will make a detailed study of your financial status. They will need explanations about your financial operations, debts, cash flow management, equity, credit history, and so on. Ensure that all these little financial details are in order.

In summary, the fund-raising part of your hospital venture can be thrilling but sometimes it can be challenging and exasperating too, especially for a busy healthcare practitioner like you. If you need any help in this endeavor, do not hesitate to contact Hospertz, a leading healthcare consultancy firm in India, Also, Hospertz can help you navigate the difficult terrain of funding with ease and confidence.

The blog has been written by Dr. Vishal Jadhav, a veteran in the field of hospital consultancy with rich experience of more than 20 years and founder of the Healthcare Consultancy. Firm, Hospertz.

Dr. Vishal Jadhav, Director

hospertz@gmail.com
+91 9867712705/ 9820833149