Small and Midsized hospitals have been facing operational challenges for the past few years. The headwinds have been multidirectional and multifactorial making them into a gale force turbulence. The reasons have been technological where changing medical technology has made huge infrastructure investments mandatory. Changing patient expectations, right from the hospitality element down to the cost of medical care has made patient management a difficult task. Government regulations from price caps on patient packages to fixing minimum wages for skilled medical staff to the rising cost of medical devices and drugs has made manoeuvring extremely difficult for Healthcare organisations. Yet at the end of the day this segment of Healthcare Organisations play an important role in making Healthcare accessible and affordable for all.
The “Smart Hospitals” platform was created to help these Small and Midsized Hospital Owners to rethink their business models, create new opportunities by evolving newer smart ways of delivering healthcare. The intent was to bridge an existing gap as medical conferences hardly ever touch the business side of healthcare. Managers diving in from non healthcare domain have not understood as to how healthcare should be practised and delivered. It is high time doctors and doctor managers take charge of this business side.
Medical Fair attracts a diverse group of healthcare professionals, from established players to those looking to renovate / upgrade their facilities to those who are just starting out. It is thus the right platform to introduce business management skills as well as technological interventions to make Healthcare affordable to all stakeholders.