An understanding of the biggest issues plaguing the healthcare industry today, like rising costs (which have their ripple effects), customer experiences, IT interphase, rapidly advancing technology, etc demands a high amount of exposure. Experienced, accomplished, and eminent advisors from Stratist will empower health entrepreneurs with a holistic approach that deals with different segments of business like operations, marketing, business strategy, and more very specific for the health care industry. Entrepreneurship is a profitable and fulfilling journey with the take-home experiences from Stratist. Another challenge is shortages of skilled manpower and the vacuum thus created leading to pressure on TAT.
It is worth being aware of a couple of challenges in the healthcare business for those who are yet to venture and those who are already into the healthcare business and looking around for improving the bottom line or expansion of their existing business.
Technology including IT-enabled MRs
Advancements in technology & their application to modern science are highly positive. If you rewind, there are numerous examples of how technology has helped in inventions that have saved millions of lives. But the flip side of this is, that the existing ones become obsolete and customers are seeking the latest methods. Process patency and product patency insulates the inventor too ensuring monopoly leaving the buyer of the product or service in dark. This can essentially transform the health care system altogether.
Data and analytics are crucial and how you use them to the benefit of your business is to be handled very skillfully. Many hospitals can routinely access medical records and patient data from outside providers, but hospitals that are integrating the data they receive into individual patient records are minimal. Interoperability/data access which is vital to clinical data has improved, but there’s still a lot of work that needs to be done to bring stakeholders together to create an integrated data ecosystem.
Access to health care
The baseline for all patient encounters with the healthcare industry starts with the patient. When a patient cannot access a clinician, it is impossible to receive required care, build relationships with the providers, and achieve overall patient wellness. Despite this fact, access to care is not a reality for many patients across the country. Between appointment availability issues with the concerned clinician and troubles getting a drive to the clinician’s office, patient care access has many related challenges.
Availability of skilled resources
Another challenge in health care is manpower shortages in their availability. Qualified and skilled manpower is required in health care too, like in any other industry. Whether it is in pharmaceuticals, device manufacturing co, diagnostic fields, or health care delivery systems, there is a shortage of skilled manpower.
Sky-rocketing health care prices
The mounting cost across the industry is a concern worth noticing. Newer policies and Regulations demand more stringent norms which at the same time challenge price escalations proportionately. Novel ways of treatment, greater life expectancy, the latest technologically advanced equipment, etc are highly cost intensive.
Mentoring can help you appreciate the challenges & develop your business through an improved plan, performance, and productivity. It can scale up your business networks, which can help you identify newer opportunities, ideas, and innovative solutions for your business.
You can benefit from having a mentor if you are trying to start a new business or looking to grow a more established one. Your mentor can offer advice, support, and guidance, which can help you improve your analytical skills, problem-solving skills and develop leadership skills. You can share ideas and problems with your mentor and they can help you make decisions with more confidence.
We at Stratist have three programs for training and mentoring entrepreneurs in the healthcare sector to explore, and innovate benefits suited for the market and operate the business thereof.
Program: Spark
Duration: 2 months
The workshop is part of the program: Every 2 weeks for 2 hours each.
The senior leadership program at Stratist is designed to endow you with such skills required for business leadership.
Program: Ignite
Duration: 6 months
This program is intended for those entrepreneurs who wish to take their businesses to the next level. One-to-one mentoring by experts is provided and this will lead your company to greener pastures. This mentoring program is to identify areas of improvement and help with the preparation of the improvement plans
The program will include a monthly review session, Consultations from specialists in Market Research, Marketing, Branding, Finance, Operations, and any other relevant areas, etc.
The goal is towards making the organization investment ready by improving the business.
Program: Empower
Revenue growth obtained implementing the findings of stage II with all expansions done can lead to stage III, Empower stage. Mentoring is done to take your enterprise to a zooming height of success. Empowering businesses is all about nurturing growth, expansion & development. We are open to taking Board positions or supporting investment efforts.
We will assist you in assessing your enterprise’s real value and the potential in the market so that investors and business funding partners can come forward to invest in you and become a contributor- stakeholders. We at Stratist can manage Stakeholder ownership commitments and help in scaling your organization to its full potential. Thus, we also make your organization investor ready and be part of your investment journey
Stratist Pvt.Ltd.
26, Palm Grove Enclave, Gubbalala, Subramanyapura Post,
Bangalore – 560061, Karnataka, India
Phone: +91 962 095 9599
Email : info@stratist.in