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March 12, 2024Expanding a healthcare venture is a combination of dedication to helping people combined with a great strategic plan.
Healthcare is a dynamic industry where the idea is to deliver solutions that proffers value & thrive under unpredictable situations and as we put our steps towards setting up a successful venture it is very important to find opportunities that lie beneath uncertainty.
Meanwhile, where the entire world is under the clutch of a pandemic, it is in itself a huge instance of what uncertainties the future of healthcare may have to face. This pandemic has thrown a great challenge on various industries but for healthcare, it has evolved how we saw things a few months back.
Expanding a healthcare venture is an opportunity to deliver higher quality of life & improve healthcare systems but at the same time, it is imperative to build a plan that is resilient enough to address future health shocks.
Here’s what you need to consider before you get into the expansion of your healthcare venture –
1. Prepare a strategic map for your expansion:
Firstly, mapping your plan can help overcome some of the biggest challenges in turning your expansion into a successful one. From putting the design, materials, equipment, space allocation, budget, timeline, research & others on paper you can manage to develop a great plan of action for your expansion with minimal disruption to your active facility environment.
2. Evaluate your active Facility:
Secondly, the idea of an expansion is to deliver something bigger & better than what you already did. By evaluating your existing facility and its layout, medical technologies like radiological setups, safety of staff & patients, systems for non-medical practices like electricals & piping, and more can allow solve some key problems and replace them with efficient solutions.
Considering the COVID times you can also figure out how your facility can include both setups for Covid treatment & other diseases while keeping the safety of both your patients & staff intact.
3. Define your Cost of hospital expansion:
Defining your financial spend is an imperative part of the process. Nailing down your budget and developing a rough estimate as per the facilities that you would like to include in your premises can make the road to expansion a lot easier & smoother.
Consequently, while you evaluate the cost, you can consider factors like the cost of permits, architecture, engineering, materials & equipment cost, labor cost, operational cost, the chunk of your budget you would like to reserve in case of uncertainties or additions and so more.
4. Build value with exceptional design:
Expansion is a tedious process and every factor counts toward delivering a top-notch facility design is one of the factors that build value. Thinking from the patient’s point of view and considering the increasing populations with diseases especially chronic can help in understanding the impact a great design can make and why. It’s suggested to question oneself as to what the key elements in design can make for the positive reason for a patient to visit or choose your facility over others.
Also, you can consider aspects like developing an eco-friendly environment in and around the premises, developing a noise-free environment, and others.
5. Adaptable & Flexible Infrastructure:
Expansion is a long-term commitment but like we spoke of uncertainties and that they come with no warnings an infrastructure that can be customized with minimal effort and is flexible to future changes is the need of the hour and future.
Additionally considering the coronavirus and its impact on the decimation of health systems wherein it has exposed the stresses and weaknesses of our health system, it is vital to build a resilient healthcare system and workforce that can stay rigid & strong enough to undergo any health-related challenge.
6. Invest in a complete COVID-dedicated setup:
Hospitals have dedicated setups for the treatment of various diseases and illnesses Outpatient department (OPD), Inpatient Service (IP), Medical Department, Nursing Department, Paramedical Department, Physical Medicine and Rehabilitation Department, Operation Theatre Complex (OT), Pharmacy Department, Radiology Department (X-ray) and others. A Covid dedicated department and unit are the need of the hour and for the years to come. Considering that it is a contagious disease its facility may have to be thought of slightly differently like developing it completely out of reach of other departments, creating different paths of entry and exits for the Covid patients and others.
Conclusion:
To sum up well-planned expansion project is considered a lot and is not a single-handed job it takes a whole team to deliver something that truly proffers to the future of a revolutionized healthcare system. If you need any help in the expansion of your current venture feel free to reach out to us on Hospertz.