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3 problems practicing doctors can't afford to ignore

  • Highlights

  • How medical technologies are evolving

  • Special loans for doctors for financial needs

  • Managing patient and employee relationships

  • Avoiding burnout

Healthcare is a demanding profession and more so than others. While doctors are well equipped to provide medical services, they are struggling with administrative and operational challenges. Physicians often find them in a middle ground, torn between patients and paperwork both vouching for their time.

These challenges might seem daunting, but they also provide physicians with opportunities to improve patient care. Read on for a look at some of the top challenges doctors are facing today

Evolving Medical technologies

Caregivers are growing comfortable in leveraging digital networks to stay in touch with remote patients and co-ordinate complex care plans via tele-healthcare services.
However, once you’ve left medical school, it can prove difficult to keep up with medical advancements. Here are some techniques for staying updated - Learn from colleagues, self-study through e-learning or print media and attend meetings as well as clinical trials.

But the financial burden associated with implementing these strategies could be overwhelming - Hospital management systems cost almost Rs.80,000, tele-medicine kits from AMD Telemedicine costs Rs.6,57,595 and above. However certain NBFCs are now offering Doctor Loans up to Rs.2 crore are specially designed for practicing healthcare professionals in need of financial support.

Patient and employee satisfaction

Happy employees = happy patients. Happy and engaged staff can ensure higher level of patient satisfaction in this age of value-based healthcare. Some common problems faced are lack of training, under-qualified staff, mis-communication, ill equipped offices.

Your front office staff is the first point of contact for a patient, they help formulate the first impression about you. Medical professionals need to invest proper time and resource to hire and train the ideal front office team. Below are a few pointers on the same –

How doctors can take their practice to the next level

How to apply for a Business Loan for Doctors

With an easy 4-step online application process, availing a Business Loan for Doctors has never been simpler.

You simply need to fill in some basic details on the form, post which our representative gives you a call to confirm your offer and schedule a document pickup. Next, he arrives right to your doorstep at the scheduled time and collects the needed documents like your KYC documents and medical degree certificate. After the verification process is complete, the loan is disbursed to your account within 24 hours.

What makes a Business Loan for Doctors score over a regular business loan for your practice is that these take into consideration your medical degree and professional qualifications while processing the loan and hence offer you loans with minimal documentation and loan disbursal within 24 hours.

The money in bank in 24 hours feature thus, helps in taking care of any immediate practice need.

- Observe what other practitioners with good online review are doing. Call up or visit their offices to gain an understanding of the best practices followed by them.

- Fine-tune your hiring practice. Remember to clearly convey the necessary qualities during the hiring process itself. Look for qualities like telephone etiquette, online reputation management, being open to new technologies and training provided and basic understanding of medical treatments and processes.

- Create specific scripts for answering phone calls and emails. To ensure quality conversation are held with parents provide your front office staff with specific scripts to abide by.

Avoiding Burnout

Physicians need to remember their passion for medicine and not let the challenges of the day—from a busy waiting room to cranky patients to dealing with accountancy rules—slowly drag them down. Burnout can be caused by factors like stress, workload, efficiency, flexibility, control, culture and values, work-life integration, work community and meaning in work. Some corrective measures like arranging organizational level interventions can help improve resilience in medical practitioners.

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Why should you choose a Bajaj Finserv Business Loan for Doctors