How doctors can go digital with a Bajaj Finserv loan for Doctors

According to a report by the Make in India initiative, India will need at least 7 lakh more doctors by 2022 to cater to the healthcare needs of the booming population. You can do your bit and increase the number of patients you cater to by deploying digital tools. Using video calls, consultation apps, email and text message programmes, you can attend to a higher volume of patients without escalating costs significantly.

Besides catering to more patients, going digital will also boost your business’ profitability. Here’s how you can go digital with a customised business loan for doctors from Bajaj Finserv.

1. Create an app for your practice using funds from this loan:

You can create a smartphone application that allows your patients to consult with you remotely. This helps you connect with patients faster and better. You can also use this app to help patients make appointments with you to visit in person. The app can also help you build engagement with your customers. Publish blogs, put out seasonal health alerts and send reminders for appointments. You will have to invest in developing an efficient app. Bajaj Finserv’s special business loan for doctors will help you take care of this by giving you up to Rs. 55 lakh as a loan, which you can repay in 12 to 96 months.

2. Buy patient management software with a quick online application and disbursal

Software like Doctor Sahab, Ray by Practo, Clinicea, etc., can organise patient information, maintain a digital record of patients’ history and store prescriptions for you, making patient management less hassle. These programmes also help you schedule your time more efficiently. A loan for doctors from Bajaj Finserv, with its quick one-day disbursal, allows you to switch immediately. Simple eligibility criteria and online application ensure that the loan is easy to access, even at a moment’s notice.

3. Get online billing software without stepping out of the clinic

Invest in billing software to streamline generating invoices and collecting payments. This software digitises the billing process, sends bills digitally to patients, and stores them in your records. Good billing software also includes refunds and deductions as per income tax laws. So, this software doubles up as a virtual accountant.

You don’t have to step out of your office to get started with your Bajaj Finserv Loan for Doctors. Focus on improving the efficiency of your practice and apply for this loan online. You can even track the loan by signing in to a secure customer portal.

4. Hire staff with the Flexi loan facility

You might have to hire additional staff from time to time to increase efficiency. For example, you may need extra personnel in your accounts department during tax season. These employees must also be aware of the clinic management software programmes and e-billing applications you use.

Based on your varying needs, you can use a Flexi loan facility to hire staff and access funds when you need to hire resources for busy periods. Withdraw from the total loan amount as per your needs and pay interest only on what you use. You can also choose to pay interest-only EMIs and repay the principal at the end of the tenor. This will allow you to cater to your staffing needs in a flexible manner.

With easy access to funds on flexible and affordable terms, you can use this Bajaj Finserv loan to incorporate the best technology into your medical practice and boost efficiency and profitability.