Key Importance of Software For Hospital Growth in India

Growing a hospital in India requires high investment in infrastructure, medical equipment, and advanced technology. However, it also offers immense growth potential due to the rising demand for healthcare services and the expanding healthcare industry in the country.

Dr. Smart, a proactive and growth-oriented healthcare professional, recognized the significance of implementing software to optimize operations and enhance revenue in his hospital. Dr. Smart was determined to grow his hospital and realized the importance of implementing hospital management software (HMS) for efficient operations and increased revenue.

Check: AI & Cloud Based Hospital Management Software For Your Hospital Growth

Software Importance For Hospital Growth in India

Here is key software importance for hospital growth in India:

By utilizing these software features, hospitals can improve their efficiency, accuracy, and patient experience, which can ultimately lead to growth and success in the industry.

Potential Income For Hospital Growth in India Using Drlogy Software

Hospital Owners like Dr. SMART can grow their lab revenue by almost 2000% or 20x using AI-Based Software like Drlogy Hospital Management Software (HMS) Features.

Implementation Strategies Using Software For Hospital Growth

Allocate a budget to implement Drlogy Hospital Software features based on the potential income earned or saved with each feature. (For Reference basic patient fees are taken as 300-400 rs. per patient to do the below calculation.)

• Appointment Booking:  Implement the appointment booking feature, which has a potential income of Rs. 180,000 per year. This allows patients to book appointments online, increasing convenience and attracting more patients.

Dr SMART get almost 600 new patients who came to his hospital from directly online appointment booking on the Drlogy Platform contributing almost 180k per year to his hospital revenue.

• Patient Billing: Implement the patient billing feature, which has a potential income of Rs. 100,000 per year. This streamlines the billing process, reduces errors, and ensures timely payments from patients.

After implementing patient billing, he saw a potential 200 client jump with an income of Rs. 100k  per year, as it reduced billing errors and made the payment process more convenient for patients.

• QR Code Reports: Implement QR code reports, which have a potential income of Rs. 90,000 per year. This feature allows easy access to reports for patients and healthcare providers, enhancing efficiency and customer satisfaction.

After implementing QR code reports, he saw a potential 300 client jump with an income of Rs. 90k  per year, as it helps internation travel or tourist to get away with QR code compulsary reports as per gov rules.

• SMART Reports: Implement the AI-Based SMART reports feature, which has a potential income of Rs. 100,000 per year. This provides advanced analytics and insights to healthcare providers, facilitating better decision-making and improving patient outcomes.

Lab reports and SMART reports helped Dr Smart with 330 new patients with accurate diagnoses, leading to an increase in the number of referred patients and a potential income of Rs. 100k per year.

• Mobile Apps: Implement mobile apps feature, which has a potential income of Rs. 80,000 per year. This allows patients and healthcare providers to access information and perform tasks on the go, enhancing accessibility and engagement.

The mobile app allowed patients to access their reports, leading to better patient engagement and customer satisfaction. This resulted in an increase in the number of returning patients and a potential income of Rs. 80k per year.

• Ref Doctor Collaboration: Implement the ref doctor collaboration feature, which has a potential income of Rs. 200,000 per year. This fosters strong relationships with referring doctors, increasing referrals and patient volume.

Collaboration with referring doctors helped Dr Smart in establishing strong relationships and increasing referrals of 170 new patients, leading to a potential income of an extra Rs.200k per year.

• Patient Service: Implement a patient service feature, which has a potential income of Rs. 80,000 per year. This focuses on improving patient experience and satisfaction, leading to increased loyalty and positive word-of-mouth.
• Patient Follow-up: Implement a patient follow-up feature, which has a potential income of Rs. 80,000 per year. This ensures proper post-treatment care, enhances patient outcomes, and encourages repeat visits.

Patient services and follow-up ensured better patient care and increased loyalty, leading to a potential income of Rs. 160k per year with a patient-repeat ratio.

• Financial Management: Implement a patient management feature with direct patient marketing, ads, and targeting, which has a potential income of Rs. 90,000 per year. Additionally, integrate health insurance management to streamline insurance claims and maximize reimbursement potential.

Insurances features helped Dr Smart with 300 new patients with accurate diagnoses, leading to an increase in the number of referred patients and a potential income of Rs. 90k per year.

Note: These numbers are presented for the purposes of a case study of Dr. SMART, It is important to keep in mind that the prices, revenue generated, and ROI may vary depending on the specific lab's owner, location, services, and specialities. 

Overall, the implementation of software features helped Dr Smart in increasing the revenue of his hospital by Rs. 10 lakh extra along with its regular operations making it a profitable business venture.

10 Advantages of Hospital Software

Here are 10 advantages of using hospital software.

1. Improved efficiency in hospital operations and workflows.
2. Streamlined appointment scheduling and patient management.
3. Enhanced accuracy and accessibility of electronic health records (EHR).
4. Better coordination and communication among healthcare providers.
5. Effective billing and revenue management.
6. Advanced analytics and reporting for data-driven decision-making.
7. Seamless integration with laboratory and diagnostic systems.
8. Enhanced patient engagement and satisfaction.
9. Increased collaboration and information sharing among departments.
10. Improved compliance with regulatory requirements.

Hospital Growth Strategies

A 14 steps comprehensive guide to hospital growth strategies for hospitals from scratch to explore a full hospital growth potential like Dr SMART for growing and expanding hospital operations in India with detailed information.

Summary

Overall, Hospital software streamlines administrative tasks, enhances operational efficiency, and improves patient care. Its integrated features enable better resource management, data analysis, and decision-making. Embracing hospital software empowers hospitals to drive growth, deliver superior services, and adapt to evolving healthcare demands.

 

If you want hospital growth strategies or want to expan your hospital operations, Drlogy will give you A to Z solution to hospital growth statergies on 14 blog solutions of Drlogy Hospital Growth Strategies. Please visit this series to get all your answers.