Single Specialty Hospitals – Focussed Approach
The rapidly mushrooming single specialty clinics and hospital industry will change the entire facade of the healthcare sector in India. The rise of single specialty hospitals across a gamut of various sub specialties Hospitals like IVF clinics, Eye, mother and Child Hospitals, Dialysis, Orthopedics etc. are prospering on the ability to provide a customised solution for a specific need of the patients. They are supported by specialized infrastructure along with medical & para medical staff’s dedicated in providing quality care to the patients.
In terms of business it can be said that the single specialty nursing homes or hospitals are more profitable than the tertiary care multi-specialty Hospitals since it is less capital intensive. The tertiary care Hospitals take longer period for breakeven around 5 years as compared to single specialty where it can be achieved much earlier. There are certain specialties where patients do not even need to stay overnight e.g. IVF, Eye hospitals, dialysis, chemotherapy day care etc. thus the operating cost per bed is much lower.
Private equity players have also gauzed this opportunity who earlier focussed on the tertiary care hospitals in India. In the past decade, India has witnessed huge investments in the single specialty hospitals. This trend is further expected to intensify in the coming years as well with emerging capital efficient models. They have the potential to act as substitutes to multispecialty Hospitals.
Also, As the number of single specialty hospitals in India will increases, the overall disease burden on large hospitals will decrease, as the focus of the tertiary care Hospitals will get confined to super-specialties such as cardiology, oncology and neurology.
For certain healthcare specialities, it’s more convenient for the patients to walk into single specialty Hospitals as they look less crowded, more comforting than a tertiary care multi-speciality hospitals. For instance, a Pregnant lady may want to opt for a mother and child Hospital rather than going into a large tertiary care with numerous different patients sitting around.
Their acceptance has also increased post-covid. During this Covid Pandemic, a change of mind shift has been observed with respect to the acceptance of single specialty hospitals or clinics in India. Patients would like to go the single specialty clinics and avoid getting cross infection from super-specialty crowded hospitals.
Altido Healthcare specializes in creating these single specialty Hospitals by considering all the needs of the patients and thoughtful study of the area where these hospitals are being planned. Altido healthcare is a hospital planning consultancy which focusses on cost, infrastructure and profits. Space utilization for these single-specialty clinics is an important component since the areas are usually less. Department should be optimally planned without compromising on operational processes or patient convenience. Altido has years of experience in making a single specialties hospitals or centre with an in-house team and capability to manage the entire project life cycle.
If you planning to construct a new Hospital or looking for Hospital Planning and Designing support, contact on altido.org. Altido Healthcare is one of the best Hospital Consulting Firm providing turnkey Hospital Solutions. It is a leading Hospital Architecture and Planning Firm with inn-house team engaged in providing the best solutions to the client for their Hospital projects.
