Connect with us

Health

Why is Investing in Healthcare is the Best Option for Medical Professionals?

medic-563423_1920

Healthcare industry is considered as one of India’s largest sectors, both regarding employment and revenue generation. It is expected to become a staggering Rs.19 lakh crore segment of the Indian economy by 2020.

Increasing health awareness, rising income level, and the introduction of several new aspects in healthcare segment have been the key drivers behind such development.

Existing medical professionals and newly graduate doctors can earn significant benefits by investing in this industry, thanks to the availability of healthcare finance and continuous innovations in this field.

Investing in the healthcare sector

India’s healthcare industry is broadly divided into 2 sectors viz. public and private. Both have been significantly benefitted by the new trends and advancements in medicine.

There are several aspects where professionals can invest and reap significant growth in the near future.

Take a look –

  • Telemedicine – Remote delivery of healthcare services has become one of the fastest-growing trends in India’s medical sector. India suffers from a significant lack of available healthcare professionals; a recent study estimates that every government doctor has to cater to almost 10,000 patients, almost 10 times over the WHO-prescribed ratio. Telemedicine has been able to bridge that gap successfully.

With the help of these services, doctors can diagnose patients over the web, helping individuals located at the other side of the nation with minimum cost.

Moreover, telemedicine has also been able to boost medical tourism, successfully negotiating geographical boundaries.

Professionals can easily know the cost of switching to telemedicine, after which they can avail healthcare finance if they need financial help.

  • Personalised care – Modern healthcare services have recognised the need for post-treatment recovery. Subsequently, personalised care has attained considerable market in the medical industry thanks to its added benefits. Professionals can easily invest in similar plans, offering tailor-made services to each patient, helping them recover faster and more effectively.

Thanks to the introduction of integrated systems, doctors can easily create infrastructure for personalised recovery sessions.

Easier access to potential health issues, past history, recovery chart, etc. allows modifying these systems in real-time without going through extensive paperwork.

Moreover, healthcare finance like a loan for doctors can help offer better services, as these provide a substantial monetary boost for any changes in infrastructure.

  • Introduction of artificial intelligence – Artificial intelligence has contributed to several industries, including healthcare. Advancement in man-machine interface, machine learning, etc. has been able to augment human understanding by a significant margin. Healthcare professionals can resort to these systems for faster data processing, better diagnosis, improved risk management, etc. Introduction of smart technology has helped increase comfort and operational efficiency tremendously.

A recent poll amongst a study group showed that almost 94% of the healthcare executives intend to implement some form of smart technology in their clinic at some point.

Remote practice, virtual diagnosis, and even the new frontier of neuroscience – brain-machine interface are likely to be in reach within the next few years.

Several other sectors have also increased their investment in healthcare. Professionals have access to plans like indemnity insurance for doctors, which cover them against any financial loss sustained if a patient files lawsuit against them.

Indemnity insurance policies often provide a hefty sum insured against minimum payment. These provide coverage against several liabilities, including legal costs, confidentiality breach, expenditure witnessed because of third-party harm etc.

Growth of the Indian healthcare industry

With the ever-increasing number of new graduate doctors and rapidly evolving technology, the Indian healthcare industry is poised to become one of the fastest-growing amongst all South-East Asian countries.

Availability of easy finance, like loans for doctors, further ensure that healthcare professionals have a source of monetary support whenever required.

Almost every reputed financial institution, including NBFCs like Bajaj Finserv, offers these credits.

Moreover, they also provide pre-approved offers that simplify the application process and help save time.

Investing in healthcare offers a tremendous opportunity for professionals, as they can grow their business and stay ahead of their competition by taking a head start.

Easy availability of healthcare finance has made it a possibility while offering a transparent system to procure such financial support.

Continue Reading

Recent Posts

Business3 days ago

The Invisible Hands: Unveiling How Food Distributors Influence the Quality of Our Foods

Ever found yourself wondering why the tomatoes in your salad taste particularly fresh or why your preferred brand of coffee...

Marketing3 days ago

Webflow CMS: A Comprehensive Guide

Webflow is a powerful tool that allows you to create and manage dynamic websites without needing to code. It’s a...

Business3 days ago

The Three Most Important Benefits You Should Offer To Your Employees

Offering your employees a range of benefits on top of regular salary increases will really help to show that you...

Business3 weeks ago

Business Tips For Protecting Your Finances During A Recession

In 2024, taking the necessary steps to protect your finances for your business is now more important than ever. The...

Green & Energy1 month ago

Air Conditioning Installation: What You Need to Know

When it comes to getting an air conditioning unit installed, can significantly improve your comfort and home environment, especially during...

Marketing1 month ago

Marketing Tips For A Gym Wear Brand

When starting a gym wear brand, there are a few things you need to do and one of them is...

General2 months ago

Social Media Marketing: What Are All The Types?

Social media marketing is a tool that is a must-have in today’s digital age. it’s very rare that businesses can...

Business2 months ago

How To Become A Property Developer

There are several reasons why an individual will want to become a property developer. One of the main reasons for...

Business2 months ago

Remote Delivery Innovations: Case Studies from Leading E-commerce Brands

People have gone through much change in the past few years when it comes to online shopping. Nowadays, when delivery...

Business3 months ago

Why are Brits turning to online-only banks?

For years, large, conventional banks held all the aces when it comes to citizens’ finances in the UK. HSBC, Lloyds...

5 Important Web Design Considerations to Make For Better SEO 5 Important Web Design Considerations to Make For Better SEO
Tech3 months ago

5 Important Web Design Considerations to Make For Better SEO

Ever since the birth of search engines, practices in optimising websites for better search rankings have changed considerably. Where it...

SEO4 months ago

The Importance of Local SEO for Small Businesses

There are many different types of businesses and all of them will require online marketing however, with a small business,...

General4 months ago

Understanding The Unsung Heroes: Cool Rooms And The Importance Of Regular Repairs

Everybody loves a breath of fresh air when entering a superstore! But have you ever wondered who’s working backstage to...

Home Improvement7 months ago

How To Add More Value To Your Home

If you have some spare cash in the bank, it is likely you would like to spend it on your...

Lifestyle7 months ago

What is a Deep Plane Facelift

Cosmetic surgery is a choice that needs a lot of research and when it comes to thinking about a facelift...

Categories

Archives

Trending