India’s
healthcare industry is at its all-time high with a staggering worth
of Rs. 81.3 billion as posted by Invest India. As per First Post, the
country’s healthcare sector is set to grow at a pace of 13.6% every
year, thereby touching a feat of Rs. 372 billion by 2025.
Thus,
for medical professionals, this is a ripe time and a favourable
economy to put innovative medical
business ideas
to good use.
Moreover,
the availability of financial advances like healthcare finance
makes this a perfect opportunity to invest in the healthcare
business. Therefore, to assist you in availing a head-start, here are
some of the best healthcare start-up ideas for country 's
medical
industry.
[A]
Open medical transcription services
Financial
Express states that the ratio of allopathic doctors to patient ratio
stands at 1:1100 – which is alarming. This reflects the immediate
need for more medical practitioners, and demonstrates the excessive
workloads they encounter each day.
In
such a scenario, the best health business idea is to open a medical
transcription service. This can provide an alternative to maintaining
paperwork. Thus, medical practitioners can concentrate on core duties
and surgeries.
Moreover,
this is you can boost your medical supplies by sending automatic
invoices. Additionally, if the services include automatic
proofreading, quality check and quick turnaround times, it cuts down
the time taken to file prescription significantly.
[B]
Develop a healthcare app
One
of the best future business ideas for healthcare is creation of a
healthcare app for both Android and iOS platform. Nowadays, there is
a medical app for every purpose. However, it often causes
complications as patients fail to keep track all of its
functionalities. Therefore, creation of a comprehensive holistic app
is of paramount importance.
To
succeed in the healthcare industry, innovative medical business ideas
are crucial. You can further bring in creativity by building an
application that promotes quiz-based treatment to evaluate the
patient’s emotional and mental health. This non-fragmented approach
to healthcare will not only help you to run a successful service
business but also serve humanity in the best possible manner.
[C]
Offer doorstep medical services
Whether
it is meeting the diverse medical needs of the elderly or help one
recover from a severe accident. Doorstep medical services play a
pivotal role in providing skilled health practitioners to deal with
situations that require round-the-clock nursing.
Similarly,
the services also include doctor consultations and extend to provide
medical beds as well. What makes this healthcare start-up idea
standout from the rest is that it allows for the patients with
unparalleled continence.
However,
starting to venture into this new-age medical practice requires ample
capital. Hence, you can approach lenders such as Bajaj Finserv to
provide you with a substantial advance.
[D]
Setup a travel clinic
As
overseas travel brings in considerable prospects in the travel and
tourism industry, it opens new opportunities for medical business as
well. You can use this medicalbusiness idea
to open a travel medicine clinic to offer remedies in cases of –
-
High-altitude sickness
-
Jet lag
-
Nausea from travelling on long-distance flights
Your
travel clinic can be a one-stop-shop for all international
sojourners. This pharmacy-related health business idea can be a
highly profitable venture if you can target a consumer base with a
strong tourist influx.
With
these top healthcare ideas for business owners to make use of, you
can venture into this untapped potential. Plus, if you require funds,
choose a reliable financing option that best suits your financial
portfolio.
