Starting a private practice as a healthcare service provider requires licensing and regulatory criteria, be it a doctor’s clinic, individual practice, laboratory facilities, a single speciality hospital or a multi-speciality hospital. Therefore, it is imperative for you to be aware of the different legal requirements before starting a clinic/hospital.
The first step in any business is to create a thorough and comprehensive plan that allows for flexibility in response to unexpected events, and unforeseen challenges.
It would be ideal if you could project and estimate various costs, ranging from the purchase of clinic equipment to the rent of the space you currently occupy. You must set a revenue goal and a target for the amount of disposable income you want to earn, as well as a detailed plan to achieve these two important goals.
Every detail of the business should be documented and planned in an organised manner. In the event of unforeseen events or disasters, you should make plans for managing the clinic and day-to-day expenses. This would include insurance as well as a business continuity plan.
You need a registration certificate under the Clinical Establishments (Registration and Regulation) Act, 2010, regardless of whether you are a small single practitioner clinic or a multi-speciality hospital. Each state has its own rules, and the process followed to obtain the license often varies accordingly.
If your clinic/hospital produces any waste such as soiled waste, linen, sharp waste, etc., you will need to obtain consent from the State Pollution Control Board for the generation of bio-medical waste. This authorisation shall be granted in respect of a non-bedded category, i.e. if only outpatient consultation is offered. Such permissions are typically valid until they are revoked, i.e. for life. Nevertheless, if there is any change in the amount of waste being generated, then a revised consent must be obtained.
It is necessary to adhere to guidelines set by the government, to open a clinic or hospital in India. With the ever-growing Indian population, there is a need for more clinics and hospitals. A Professional Loan for Doctors available on Bajaj Markets is a great option if you are thinking of taking out a loan to grow your clinic. The whole process of application and approval is easy, fast and can be completed entirely online. Other benefits of availing a professional loan through Bajaj Markets include minimal documentation, flexible repayment tenure and much more.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
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