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Setting Up Medical College With Hospital | |
| In the context of health care, a hospital is an establishment that offers preventive, curative/ameliorative, palliative, or rehabilitative treatments. The definition given by the WHO, on the other hand, is quite inclusive and detailed and reads as follows: "an integral part of the medical and social organization whose mission is to provide for the population complete health care, both curative and preventive; and whose outpatient services reach out to the family in its home environment." The hospital is a center for bio-social research and for the education of medical specialists. A hospital is made to handle a range of ailments in patients. Doctors help the whole country by treating diseases that rob individuals of their health and cause them to suffer using medication and other treatments. Normal connections between educational institutions include colleges and hospitals. Hospitals offer O.P.D. and admittance services for the critically ill, terribly hurt, severely burned, and pregnant, victims, etc. Due to the growing incompetence of hospital doctors and their overcrowding, private hospitals were given a chance to succeed. Many private hospitals began to appear, offering comprehensive ECG, X-Ray, laboratory, 24-hour emergency, and admission services for ill individuals, seriously injured people, and pregnant women. Due to their belief that a person's life had a high price and that medical expenditures could be ignored, middle class and upper class families started favoring these private hospitals and nursing homes. A private hospital can provide care for anything from a minor illness to a significant surgical procedure. The amenities that can be found in a hospital are actually not constrained. However, the majority of private hospitals are furnished with the most advanced technology. In a hospital, it is essential to have surgeons, physicians, E.N.T. specialists, pediatric specialists, eye surgeons, and psychologists. Uses and Application 1. The applicant wants to pursue a career in medicine. 2. The applicant is the legal owner and occupier of the relevant land parcel needed by the Indian Medical Council to build the proposed medical college. 3. The applicant has a certificate of essentiality from the relevant State Government or Union Territory Administration stating that it is desirable and practical to have the proposed medical college at the proposed location and that there is sufficient clinical material available in accordance with Medical Council of India requirements. 4. The candidate has obtained approval from a renowned university to connect with the intended medical college. 5. The applicant, who resides adjacent to the proposed medical college, must own and run a hospital with at least 300 beds, the necessary infrastructure, and the ability to function as an educational facility in accordance with Indian Medical Council guidelines. 6. That the applicant has a realistic and time-bound plan to set up the proposed medical college, including the infrastructure facilities required by the Medical Council of India, adequate hostel facilities for boys and girls, and commensurate with the proposed student intake, in order to complete the medical college within four years of the date of grant or permission. 7. That the medical college would only allow students to enroll after receiving formal approval from the Central Government and verification from the Indian Medical Council that the facilities are suitable for starting M.B.B.S. 8. That the applicant has a realistic expansion plan that includes a timeline that complies with the requirements of the Medical Council of India by adding more beds and infrastructure amenities. 9. The applicant has the organizational and financial know-how necessary to establish and run the proposed medical college and its ancillary facilities, including a teaching hospital. 10. That the applicant offers the Medical Council of India two performance bank guarantees: one for a sum of Rs. 100 lakhs (for 50 annual admissions), Rs. 150 lakhs (for 100 admissions), and Rs. 200 lakhs (for 150 annual admissions) and the second for a sum of Rs. 350 lakhs (for 500 beds), Rs. 500 lakhs (for 700 beds), and Rs. 750 lakhs (for 1000 beds) for the establishment of the medical college and its infrastructural facilities. Indian Market The two primary parts of the Indian healthcare delivery system are the public and private sectors. The government's public healthcare system focuses on providing primary healthcare centres (PHCs) in rural areas, with a few secondary and tertiary care facilities in big cities. With a focus on metropolises, tier I cities, and tier II cities, the majority of secondary, tertiary, and quaternary care facilities are administered by the private sector. Currently estimated to be worth over $100 billion, the Indian healthcare sector as a whole is expected to expand to US$ 280 billion by 2022, indicating a Compound Annual Growth Rate (CAGR) of 6.0%. 22.9 percent CAGR for annual growth. Healthcare delivery, which includes prescription drugs, hospitals, nursing homes, and diagnostic centers, accounts for 65% of the market. The market for healthcare information technology (IT), which is currently worth US$ 1 billion, is expected to have grown by a ratio of 1.5 by 2022. According to a prediction by Deloitte Touché Tohmatsu India, the Indian healthcare sector, which is presently estimated to be worth roughly $100 billion USD, will increase at a CAGR of 23% to US$ 280 billion USD by 2022. There is a big chance to improve healthcare services because the proportion of GDP spent on healthcare is increasing. Rural areas, where more than 70% of Indians reside, are anticipated to grow in importance as potential markets. India will require an additional 600,000 to 700,000 beds over the next five to six years, with a potential investment potential of $25 to $30 billion. As a result of this need for cash, more transactions are likely to occur in the healthcare industry in the near future. From $5 to $15 million in the past, private equity funds now invest an average of $20 to $30 million in healthcare chains. A total of 3,598 hospitals and 25,723 dispensaries across the country offer Ayurveda, Yoga & Naturopathy, Umami, Siddha, and Homoeopathy (AYUSH) care, ensuring that the general public has access to alternative medicine and therapy. An estimated 230,000 people will travel to India each year for $3 billion in medical tourism. The number of people travelling to India for medical care is expected to triple over the following four years, and by 2018, the nation's medical tourism industry is expected to generate US$ 6 billion. As more hospitals receive accreditation and recognition and as more individuals become aware of the need to raise their quality to meet international standards, Kerala wants to become India's healthcare hub within the next five years. • The sector is expected to be valued US$ 160 billion by 2017 and US$ 280-390 billion by 2022, respectively. • In April 2021, Tata Digital invested US$13.45 million (about Rs. 100 core) in the start-up 1mg, which offered prescription medications online and had begun the process of taking over management of the company. Industry Major Market Players: • Apollo Hospitals • TACT Academy for Clinical Training • Zimmer Institute • Olympus • Gundersen Health System • GE Healthcare • Medical Training College • A V P Research Foundation • Aakash Educational Services Ltd. • Adani Hospitals Mundra Pvt. Ltd. • Apple Hospitals & Research Institute Ltd. • Artemis Medical Institute & Hospitals Pvt. Ltd. • Asian Heart Institute & Research Centre Pvt. Ltd. • B P Poddar Hospital & Medical Research Pvt. Ltd. • Baby Memorial Hospital Ltd. | |
| Plant capacity: 100 Students, 500 bedded Hospital | Plant & machinery: 18 Cr |
| Working capital: - | T.C.I: Cost of Project:123 Cr |
| Return: 22.00% | Break even: 43.00% |
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