Beruflich Dokumente
Kultur Dokumente
Project Report on
GST
NEW DELHI
DEC 2017
Submitted in partial fulfilment of the requirement for the award of the Post
Graduate Diploma in Management 2017-19
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TABLE OF CONTENTS:
SUMMER INTERNSHIPCERTIFICATE5
ACKNOWLEDGEMENT..6
LETTER OF TRANSMITTAL..7
LETTER OF AUTHORISATION.8
EXECUTIVE SUMMARY....9
BUSINESS OBJECTIVE...10
ABOUT THE PROJECT....10
INTRODUCTION OF HEALTHCARE INDUSTRY...10
KEY PLAYERS IN PRIVATE HEALTHCARE..11
CHALLENGES FACED BY HEALTHCARE INDUSTRY12
ABOUT THE COMPANY12
SWOT ANALYSIS... 13
INDIAN HEALTHCARE SECTOR......14
PORTERS 5 FORCES ANALYSIS-HEALTHACRE SECTOR.....16
PEST ANALYSIS-HEALTHCARE SECTOR..18
7Ps OF MARKETING..19
LITERATURE REVIEW...20
APPROACH.......25
SURVEY....26
FINDINGS AND INSIGHTS.....27
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KEY ACHIEVEMENTS........43
CONCLUSION AND RECOMMENDATIONS...44
KEY LEARNINGS44
QUESTIONAIRE...45
REFERENCES...57
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Sitting capacity at various specialty of doctors in their
8. clinics 41
This is to certify that Mr. Gaurav Kapoor Roll No. 18 student of PGDM has
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fulfillment of the requirement for the Post Graduate Diploma in
knowledge.
ACKNOWLEDGEMENT
I would like to acknowledge my gratitude and thanks to all the people who helped me in
completing my project. To begin with, I would like to extend my sincere thanks to Mr.
AmitabAsh, Marketing Head and Mr. Suved sir, Senior Manager of HCL Healthcare,
Noida for mentoringme and providing me an opportunity to do my summer internship at
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HCL Healthcare. I would like tothank Mr. DivanshuBhasin Sir, Area sales Manager In-
charge, HCL Healthcare for Noida andNirmanVihar, for mentoring my project. Without
their guidance, support, and valuable suggestionsit would not have been possible to
complete my project.
I also sincerely thank Ms. Palak Gupta , my faculty mentor at JIMS, who enthralled my
views, took out time to provide his valuable suggestions, shared her rich experience,
and helped me script down the exact requisites.
Last but not least, I would like to thank all the people in marketing for sharing their
experience and giving their valuable time to me during the course of my project.
Gaurav Kapoor
Roll No. 18
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Letter of Authorization
My learning experience at HCL Healthcare, under the guidance of Mr. Amitab Ash sir,
Marketing Head,HCL Healthcare and Ms. Palak Gupta,Faculty, JIMS, has been truly
enriching.
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EXECUTIVE SUMMARY:
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HCL Healthcare, in affiliation with Johns Hopkins Medicine International, is the
Healthcare delivery arm of HCL. Starting with the country's first nationwide-networked
multi-specialty clinics, it aims to provide the whole continuum of care for chronic and
acute diseases.
HCL Healthcare will offer unmatched patient experience and outcomes by adopting
global best practices for medical quality and training, using evidence based treatments
and integrating advanced technology. HCL Healthcare is determined to be the trusted
long-term care partner for people in health or illness.
BUSINESS OBJECTIVE:
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INTRODUCTION OF HEALTH CARE INDUSTRY
The need for quality primary care in urban areas has been underscored as a key priority
in our health system. With shift of disease burden to non-communicable diseases, the
need for comprehensive, continuous and coordinated care is very high.
The fragmented health system that we have in cities make it tougher for the busy urban
middle class population to seek preventive, promotive, chronic and episodic care on
time. This delayed care seeking quite often has serious consequences with adverse
outcomes and higher costs.
Over the last two years HCL Healthcare has been pioneering implementation of
innovative health delivery model in Delhi NCR.
HCL Healthcare envisions operating a network of family healthcare centers providing all
needed preventive, acute and chronic care with family doctors, specialists, diagnostics
and pharmacy all under one roof.
Apollo Hospitals: Apollo Hospitals has emerged as the single largest
private hospital group in SouthAsia. It operates hospitals, dispensaries, clinics,
and laboratories. It manages a network of approximately 41 specialty hospitals
and clinics with a bed capacity of over 9,000 across the country and abroad.
The Escorts Group: This has a presence in specialized cardiac treatment
and multi-specialty carehospitals providing a whole gamut of specialized
medical services. Escorts operate ten hospitals across India. The group is also
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reputed for tertiary care services such as neurology, neurosurgery, plastic
surgery, and urology. Escorts Heart Institute and Research Centre (EHIRC) has
a 325 bed tertiary care institute, with 9 operation theatres, 5 Cath labs, 2 heart
command centers and world class facilities.
Fortis Healthcare:This is a company founded by the promoters of the
Indian pharmaceutical major,Ranbaxy Laboratories, and started operations in
2001. It has approximately 12 hospitals with 1,900 beds. It has operations
across North Indian the cities of Delhi, Noida, Mohali, Amritsar, Faridabad,
Raipur, and Srinagar.
Max Healthcare: This is a fully owned subsidiary- of the highly diversified
Max Group, with a chain ofclinics and hospitals with a bed capacity of 1200. On
=average, Max Healthcare treats 30,000 patients every month, with 200 new
patients visiting the facilities every day. It has collaborated with Singapore
General Hospital in the areas of medical practices, nursing, paramedical
research and training.
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areas, still receiving services from unqualified providers. The emigration of
qualified doctors, nurses, and other medical professionals is substantial.
The training resources, other infrastructure providing to nurses/other medical
professionals in India is still inadequate. The policy designers from government
body urgently needs to address these issues maintain quality norms
India would require another 1.75 million beds by the end of 2025 to reach a ratio
of two beds per 1000 population.
According to some reports, Quantifying the need gap taking into account the
year 2020, leaves us with a shortfall of 2 million (Doctors/Physicians), 3.5million
(Nurses), 8 million (Paramedics) and bigger number of other support medical
professionals in India. Going by WHO norms for developing countries, India has
an acute shortfall of Doctors/Practitioners, Nurses (1.4 million and 2.8 million
respectively) and also there is a acute shortage of paramedical and
administrative professionals.
HCL has collaborated with Johns Hopkins Medicine International for Knowledge
Transfer, Training and Education Projects along with Clinical Services in primary
care.
Each of its centres spread over 4,500sqft, have all the needed medical
specialities like General physician, Internal Medicine, Obstetrics & Gynaecology,
Paediatrics, Dermatology, ENT, Orthopaedics, Dentistry and Cardiology along
with services like physiotherapy, dietetics, imaging, lab and pharmacy.
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SWOT ANALYSIS:
STRENGHTS:
WEAKNESSES:
Less visibility and market share across the country because of major players in
the industry.
Strong competition stiffing its growth.
Brand visibility lower than other major players.
Margins are not the most attractive.
Lack of awareness about HCLs entry in healthcare industry.
Corporate tie-ups
Low footfall
OPPORTUNITIES:
Improve brand awareness network across India and gain market share.
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More opening of clinics in right catchment area in Noida can definitely
increase its market share.
New schemes for customers so that a good brand name can be created in
the minds of the customers.
Digital advertising for better visibility.
New outsourcing deals
Scope of high revenue generation
Less amount of multispecialty clinic in preventive healthcare
THREATS:
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HEALTHCARE
The term healthcare system refers to a countrys system of delivering services for the
prevention and treatment of diseases and for the promotion of physical and mental well-
being.
HEALTHCARE INDUSTRY
Today the healthcare industry has emerged as one of the most challenging sectors as
well as one of the largest service sector industries in India.
The Indian economy over the recent past has started looking up and has now decidedly
being acknowledged as likely to continue to sustain economic growth. The Indian
healthcare industry though still at the developing stage and dynamics compared to other
countries has also benefited from this economic boom. A countrys healthcare system
also reflects in part of the culture and values of the society.
INDIAN SCENARIO
India offers both best and worst of Healthcare. India is experiencing a continuous
increase in life expectancy and a decline in the birth rate.
The increased importance given to medical and technical education has resulted in
labour force. The social and infrastructural development plays a critical role in the
development of this industry.
RAPID EXPANSION
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Healthcare is one of Indias largest sectors, in terms of revenue and employment, and
the sector is expanding rapidly. The sector is more than $34 billion translates to $34 per
capita, or roughly 6% of GDP. This year, Indias healthcare sector is projected to grow
to nearly $40 billion. The private sector accounts for more than 80% of total healthcare
spending in India. One driver of growth in the healthcare sector is Indias booming
population
Expanding Middle Class-An opportunity: By 2025, an estimated 189 million Indians will
be at least 60 years of agetriple the number in 2004. The growing elderly population
will place an enormous burden on Indias healthcare infrastructure. Expanding middle
class: A report by National Council for Applied Economic Research (NCAER) Centre for
Macro Consumer Research said by 2015-16, India will be a country of 53.3 million
middle class households, translating into 267 million people falling in the category.
Changing Scenario of Service- More women are entering the workforce as well, further
boosting the purchasing power of Indian households- changing composition of
healthcare sector workforce. Many of these women are highly educated: the ratio of
women to men who have a college degree or higher level of education is 40:60.
Lifestyle diseases are faster than infectious diseases in India Result - increase in cost
per treatment, wellness programs targeted at the workplace. Could help to reduce the
rising incidence of lifestyle diseases.
As different players serves different needs of the customer/patients based upon their
area of living, economic condition, convenience and the position in health care
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spectrum, competitive environment is not clearly defined. Differentiation is basically on
way of service delivery.
Though the sector is grossly underserved there is some competition in urban India in
non-speciality segment as facilities mostly concentrated there.
MAJOR PLAYERS
CHARITABLE TRUSTS
ORGANISED SECTOR
GOVERNMENT HOSPITALS
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Ill equipped to provide efficient healthcare
Unavailability of appointed doctors and hospital staff
Not favored by semi-urban populations
Standard of care is abysmal
Each of the industry players has to face competition from new entrants within their own
operating environment.
In the organized sector, new ventures like Cochlear Ltd (Australia), Reliance Health
(ADAG), the Hindujas, Sahara Group, Emami and the Panacea Group are joining
existing players like Apollo, Fortis, Columbia-Asia, Piramal Healthcare. Funding is not a
problem for these groups, neither the economies of scale, as there is huge untapped
market.
In urban area, unorganized pharma retail is facing competition from chains like Frank-
Ross. Same factor is applicable for pathology centers also.
Multinational equipment manufacturer like EES (J&J), Philips, GE, Siemens are more
intensively looking for new markets like India as growth potential is low in already
saturated developed nations.
Facilitators of health care services are people (doctor, nurses, and management stuffs),
pharmaceutical companies, equipment manufacturer, insurance provider, government.
Bargaining power of these facilitators does not affect every player in same manner.
Government regulations are applicable for all, but cash-less treatment with
collaboration among corporate, insurance firm and hospitals is a competitive advantage
for organized player
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Possibility of suppliers integrating forward is less compared to other industry because
most of organization in this sector focuses on their core competency.
THREAT OF SUBSTITUTES
Apart from extreme cases, switching cost for buyer is high in terms of convenience,
money comes second.
Power of buyers diminishes when he moves from primary care to tertiary care.
High quality treatment at a fraction of the cost, in comparison to western countries,
makes India an ideal healthcare destination for highly specialized medical care (tertiary
care).
PEST
POLITICAL ANALYSIS
ECONOMIC ANALYSIS
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Increase in income would lead to an increase in the standard of living. Thus
peoples lifestyles changes and health is better understood. Thus there is a room
for specialized treatment, doctors, and hospitals.
Government has made loans easily available and thus people with limited means
could avail better/specialized treatment
7Ps OF MARKETING
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PRICE: Qualification wise charging.
LITERATURE REVIEW
Amid unprecedented industry changes, health systems and organizations are faced
with numerous challenges as they evolve from a time of reform to one of true
transformation. Health care around the globe is embarking on a once-in-a-lifetime
transformation- the move to consumer-centric, outcomes-driven, prevention-focused
future of health care.
There are two catalysts for this shift. First, with aging populations and emerging
markets growth, chronic disease is becoming a global epidemic and driving health
care cost inflation to unsustainable levels. To tame costs, payers and governments
are realigning incentives around value and outcomes.
At the same time, health is finally entering the digital age- unlocking information,
empowering patients, enabling real time analytics and bringing much needed
focus on prevention.
Compared to other industries, health care has been slow to embrace the digital age.
Yet, just as technology creates opportunities for health care organizations, it also
presents threats as new entrants disrupt the market. This pace of change is only going
to increase across the industry. Collaborative approaches will be needed to create
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sustainable health care systems that deliver high-quality care while being efficient and
cost-effective.
Health care systems across the world are under enormous pressure to reduce
skyrocketing costs. At the same time, they are being asked to improve service
delivery and health outcomes, expand access and also integrate the latest
technologies seamlessly.
The health care landscape is constantly evolving, and even the most nimble executives
are struggling to keep their balance as the ground shifts under their feet. Some of the
forces transforming the landscape include:
Innovation and competition require changes in how health plans and providers
define, drive and prove value.
Social media enables closer interaction with consumers.
Complex regulatory environments challenge long-term decision-making.
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Unprecedented amounts of clinical and financial data must be analysed and
shared quickly and transparently.
Market challenges are driving consolidation and vertical integration
strategies at an unprecedented rate.
Payers and providers must accelerate the rate at which their technology
matures and the rate at which they implement technology.
Population health management and associated outcomes will dictate
reimbursement models and inform product performance.
These forces are making health care organizations take a more proactive,
structured approach to their business performance efforts.
Health care industry is coping with upheaval triggered by varied economic,
societal and industry influences. Empowered consumers living in an
increasingly digital world are demanding more from an industry that is facing
growing regulation, soaring costs and a shortage of skilled resources.
At the same time the health care ecosystem is expanding as new participants interact,
partner and collaborate across traditional boundaries. Otherwise separate entities, such
as providers, payers, social and government agencies, and retailer are working
together to create value in new ways.
To thrive amid the chaos of change, health care leaders must be smarter in how they
approach data. While the digital age has brought a massive amount of health care
data brimming with insights, organizations still struggle to unlock its full value.
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Rising Shortage of
Rapid Increasing Regulatory Increasing
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From disruption, the following focus areas have come to light for the health care
industry
No industry seems more out-of-step with the prevailing macroeconomic narrative than
the health care sector. Rather than fear secular stagnation, sluggish growth, rising
prices and inadequate capacity.
Infact, the same forces slowing trend growth rates- societal aging in advanced
economies and prior periods of catch-up growth in several emerging market (EM)
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economies- are boosting health care spending and the industrys share of global
GDP.
Based on current GDP forecasts, global health care spending should grow more
than 6% annually over the next decade. Needless to say, such rapid growth makes
the health care sector a unique destination for capital in the current economic
environment.
A passive approach to the sector will fail to capture the coming shifts in spending
patterns and market shares. Instead investors should seek to deploy capital
strategically in response to the opportunities created by rapid EM health infrastructure
growth and a new era of innovation and cost consciousness in advanced economies.
The health care sector has outperformed the broader market over each of the last five
years. Over this time period, the S&P 1500 Health Care Index rose 130.7%. As we
look towards 2016, we see several challenges that may jeopardize this
outperformance streak. However, we also have reasons for optimism that the sector
may once again outperform the broader market.
The challenges we see include earnings growth deceleration, continued scrutiny over
high drug prices, a likely decline in M&A deals, concerns over the no. of people
obtaining insurance via the health care exchanges, and presidential election year
rhetoric that may increase perceived risks and increase uncertainty within the sector,
including the survivability of the Affordable Care Act (ACA) or health care reform laws.
APPROACH
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a. Structured Observation.
b. Q&A distribution
3. ONINON PEEL APPROACH: In this approach, each layer of onion
represents a zone which has been decided based on the radial distance from our
sector-18 clinic.
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SURVEY
The sample size of 35% of total population for the analysis to understand the
healthcare environment in our catchment area.
1. Business context: Noida number of sectors covered, total universe of Noida
vs doctors covered major zones and its market size.
2. Revenue and Footfall market wise breakup.
3. Qualification: wise breakup, experience wise breakup, specialization wise
breakup.
4. Revenue structure: Population catering and average price of consultation,
Specialization wise consultation price differentiation.
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5. Market attributes: peak hour, peak day, services available, services provided,
lab X-ray and medicine preference, zone wise market initiation breakup.
In healthcare industry, primary healthcare is most important as during this most of the
root problems can be taken care of. HCL Healthcare focusses on this so
that problems are rectified then and there itself and made surethat people are
satisfied with our service provided at clinics.
In this project, the division of the sectors of Noida was done and respective sectors of
Noida were clubbed under 14 different zones. In all Noida was divided in 14 zones.
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30
31
32
33
34
Then, after that distribution analysis was done zone wise. During this analysis,
different specialities doctors were covered.
1) General Physician
2) Internal Medicine
3) Dermatologist
4) Orthopaedist
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5) Gynaecologist
6) Dentist
7) ENT
8) Paediatrics
The doctors that were covered were the ones who practice in clinics, as they are our
main competitors.
The sample size of our study consists of 137 doctors. The breakup of speciality wise is
shown below:
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In order to get
hold of the market
share, one should
be knowing of the
population size of
doctors in Noida.
The thing that will
help HCL Healthcare apart from its competitors in Healthcare industry is understanding
the things that can take it one step ahead from others so that market share of it can be
increased and this start-up can be raised to great heights.
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DOCTORS WITH YEAR OF EXPERIENCE:
FOOTFALL:
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TIE-UPS WITH LOCAL LABS:
The above table depicts where the doctor sends the patients for X-ray,
Ultrasound, ECG etc.
The data reveals that majority of doctors (40.1%) do not advise any particular
source to the patients.
Around 23% of doctors have the facility of testing in their own clinics followed by
20% of doctors recommending Local Labs and 17% sending the patients to the
hospital.
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PHARMACY:
The above table depicts where the patients can buy medicines prescribed by the
doctor.
Around 14% of the patients can buy medicines from the Local shops.
5% of the doctors have a pharmacy within the clinic or in the vicinity of the clinic
and provide medicine from such pharmacy itself.
6.6% of the medicinal requirements are met by Apollo Pharmacies. This shows
wider coverage by Apollo as compared to Max Pharmacy that satisfies less than
1% of the needs.
Peak hours of Dentist, Derma and General Physician comprised 80 out of 137
sample size, so apart from these three others are clubbed together in analysis of
peak hours in a day and peak days in a week.
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The consultation fees that is being charged by doctors doesnt provide with proper
accurate data, as it varies the qualifications a doctor is having. So, in order to get this
raw data that was collected in market research survey, weighted average of
consultation fees with respect to qualification is analysed.
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The sample size of the doctors that were covered during the survey mostly had the
following as their graduation and post-graduation degrees.
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Nowadays, technology creates an impact on the minds of everyone. The reception and
doctor comprised of respective computer and tab for recording and maintaining
electronic medical records of patients coming to their clinics.
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This was the net use of technology after taking out the overlapping of computer and
tab for doctors and reception.
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The amount of patients a doctor is able to handle depends to a large extent on the
patients the clinic is able to accommodate at a given point of time. The following data
helped to get understanding of the scenario that is being present in clinics.
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The size of facility is quite important to know about capacity with which a clinic can
enhance its business. This size parameter is crucial to get hold of the expansion plan
and basic facilities the competitors are providing.
The footfall of clinic is dependent upon the number of doctors sitting in that particular
clinic as the number of patients is purely dependent upon the number of doctors sitting
in that particular clinic.
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The
ambien
ce of
the
clinic creates an impact on the minds of the customer and this results in increasing the
footfall of the clinics.
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KEY ACHIEVEMENTS
The zone wise allocation of various sectors of Noida helped in getting clear picture for
the growth of HCL Healthcare. The areas in zone 5, in spite of many doctors available,
most customers are coming to sector-18 clinic. The percentage coming from zone 5 is
23%. The next higher and most emerging sector for the expansion of HCL healthcare
company is zone 10, as 12% contributes from that sectors. So, for growth point of view
and keeping in mind the radial distance from sector-18 clinic, the location to establish
another clinic should be zone 10.
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CONCLUSION ANDRECOMMENDATIONS:
The secondary research helped to get the zone wise breakup of the customers
coming from different sectors of Noida. This helped us in primary research as
proper understanding of catchment was made by secondary research.
The analysis part helped in knowing the market size of different specialization of
doctors in Noida.
It helped in knowing the areas where there is an opportunity for the growth of
business for HCL Healthcare in Noida.
The study of competitors helped us understand the areas we are lacking and
improve on our areas of strengths.
The 7Ps of marketing helped us to refine our approach so that we as a startup
can get more percentage hold of market share in this healthcare industry.
KEY LEARNINGS:
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QUESTIONNAIRE:
COLUMBUS
Location visited
Specialisation:
Qualification
Locations of Practice
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a) Only consultation
b) Procedures
c) Diagnostics
d) Multispecialty
e) Other:
a) 1
b) 2
c) 3
d) More than 3
4) Seating capacity
a) Less than 3
b) 3-5
c) 5-10
d) More than 10
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5) Facilities in the waiting area
Yes No
TV
AC
a) 0
b) 1
c) More than 1
1 2 3 4 5
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Visible signs of Hygiene and technology
Cleanliness of washrooms
2) Signs of technology?
Yes No
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Computer used by doctor
1) Services available?
3.Biothesiometer
4.X Ray
5. Ultrasound
6. ECG Machine
8. Observation room
9. Laser machine
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10. Dentist's chair
11. Other
2) Staff available?
0 1 more than
1
Billing staff
Technicians
a) Less than 10
b) 10-20
c) 20-30
d) More than 30
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2) Which are the days for peak customer visits in the week?
a) Monday
b) Tuesday
c) Wednesday
d) Thursday
e) Friday
f) Saturday
g) Sunday
8-10am
10am-12pm
4-6pm
6-8pm
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after 8pm
High society
Middle class
Poor people
No
Within 3 days
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Does the doctor/clinic offer any kind of discounts?
Yes
No
Affiliations
Yes
No
If yes, specify
2) Where does the doctor send the samples for lab test?
3) Where does the doctor send the patients for X-Ray, Ultrasound, ECG
etc.?
6) At what time does the doctor usually meets the Medical Representatives?
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10am-2pm
2pm-6pm
6pm-8pm
After 8pm
Less than 5
5-8
8-10
More than 10
Flier distribution
Digital Marketing
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Website
Sign boards
Other:
a) Practo
b) Lybrate
c) 1mg
d) Doctorquik
e) Other
Stethoscope
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Oximeter
BP Machine (Sphygmomanometer)
Observation table
Computer/laptop/tab
Other:
b) 1-3 years
c) 3-7 years
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3) Do you regularly attend Continued Medical Education program?
Yes
No
Not answering
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Only for Dentists, Dermatologists and Orthopedic
REFERENCES
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https://economictimes.indiatimes.com
https://businessstandard.com
https://hclhealthcare.in/
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