Indian public healthcare system has witnessed a substantial growth in the last decade. Studies show that 72% of patients residing in rural parts of the country visit private clinics for treatment. It is even more apparent in urban areas. Nearly, 79% of the population prefer private healthcare services over public establishments.
Such choices create an excellent opportunity for newly graduated doctors. A significant number of pass-outs opt to open their own clinics to cater to the patients at need. It is creating a balanced doctor to patient ratio, especially in rural areas and improving the overall condition of the Indian healthcare system.
This preference is further initiated with the easy availability of a doctor loan. New medical practitioners often face severe monetary deficiency that prevents them to start their own practice. Loan for doctors provides strong financial backing that allows them to establish a successful clinic in any rural or urban area of the country effortlessly.
How does a loan for doctors help establish a successful clinic?
These financial products are tailor-made to cater to the unique requirements of healthcare professionals. They can either be secured or unsecured financing options, providing up to Rs. 2 Crore as loans to eligible candidates.
A borrower can apply for a doctor loan to purchase the latest medical equipment, expand his clinic’s infrastructure, or even buy top medical software available in India and integrate it in his practice. Let’s take a look at how a doctor can improve his practice with the help of this credit.
- Improve facilities to cater to emergencies – Healthcare facilities should have proper equipment and staff to deal with emergencies. A loan for doctor allows a practitioner to purchase the essential equipment and hire specialised staff and attend to patients in such conditions immediately.
- Employ experienced doctors and staff – Experienced and skilled medical professionals are essential to ensure smooth working of a successful clinic. A trained medical team builds credibility, improves the quality of service and can also jumpstart a clinic’s growth. With the help of a doctor loan, you can easily hire experienced staff and other specialised doctors to meet such requirements.
- Set-up additional services – Large loan amounts can help establish ancillary paramedical facilities. Facilities such as in-house path labs, must-have point of care medical equipment, etc. will give patients a comprehensive service.
Adjoining multiple services under one umbrella is an essential step towards establishing a successful clinic. Patients will prefer to go to an institution that offers all the services under one roof. It will also play a critical role in improving a clinic’s revenue.
- Purchase and integrate cutting-edge equipment – Medical practitioners can purchase and incorporate state-of-the-art tools with the funds from a doctor loan. These equipment can help in better diagnosis, treat illnesses, and even aid in complicated surgeries. Equipment like ECG and EKG machines, defibrillators, surgery tables, scanners and monitors are essential to establish a successful clinic and provide better treatment.
A business loan for doctors can enable a practitioner to obtain such equipment as well as create the necessary infrastructure to use them. One can also utilise these funds to train one’s staff to use these latest tools.
Many popular financial institutions offer loan for doctors across India. Lenders offer multiple features and benefits like easy to meet eligibility criteria, minimum documentation, attractive interest rates, flexible tenor, etc. to attract prospective borrowers. A doctor loan is one of the best ways to bridge the financial deficiency new practitioners often face. Not only can it help establish a successful clinic, but also provides the necessary financial backing to offer an all-inclusive healthcare service to patients.