Surya Report
Surya Report
INUSTRY PROFILE
1.1 INTRODUCTION
Healthcare has become one of India’s largest sectors, both in terms of revenue and
employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing,
telemedicine, medical tourism, health insurance and medical equipment. The Indian
healthcare sector is growing at a brisk pace due to its strengthening coverage, services,
and increasing expenditure by public as well as private players.
India’s healthcare delivery system is categorized into two major components - public and
private. The government, i.e., the public healthcare system, comprises limited secondary
and tertiary care institutions in key cities and focuses on providing basic healthcare
facilities in the form of Primary Healthcare Centers (PHCs) in rural areas. The private
sector provides the majority of secondary, tertiary, and quaternary care institutions with a
major concentration in metros, tier-I, and tier-II cities.
India's competitive advantage lies in its large pool of well-trained medical professionals.
India is also cost-competitive compared to its peers in Asia and Western countries. The
cost of surgery in India is about one-tenth of that in the US or Western Europe. The low
cost of medical services has resulted in a rise in the country’s medical tourism, attracting
patients from across the world. Moreover, India has emerged as a hub for R&D activities
for international players due to its relatively low cost of clinical research.
India's healthcare industry is a fascinating tapestry woven from ancient traditions and
modern advancements, continuously evolving to address its unique challenges and
embrace new opportunities. As the nation strives for equitable and accessible healthcare
for all, its rich history continues to guide its path towards a healthier future.
Development:
Growth Trends:
Market size: Expected to reach US$372 billion by 2022 and US$570 billion by
2030, making it one of the largest sectors in the Indian economy.
Employment: Generating over 5 million jobs by 2025, making it a significant job
creator.
Key Drivers:
Rising income levels: Leading to increased demand for quality healthcare.
Aging population: Increased need for geriatric care.
Urbanization: Growth of city-based healthcare infrastructure.
Government initiatives: Programs like Ayushman Bharat increasing health
insurance coverage.
Digital transformation: Adoption of telemedicine, AI, and health tech solutions.
Key Sectors:
Hospitals: Strong growth, with increasing focus on specialization and technology.
Medical devices: Rising demand for affordable and innovative devices.
Pharmaceuticals: Growing domestic production and exports.
Health insurance: Expanding penetration, driven by government initiatives.
Telemedicine: Booming due to improved internet connectivity and accessibility.
Challenges:
Unequal access to quality healthcare: Rural areas remain underserved.
Shortage of healthcare professionals: Need for increased training and deployment.
High out-of-pocket expenditure: Lack of adequate insurance coverage.
Quality concerns: Need for improved regulation and standardization.
Overall, the Indian healthcare industry is on an upward trajectory with immense potential
for growth. However, addressing the challenges is crucial to ensure equitable and quality
healthcare for all in the country.
Opportunities:
Digital health: Advancements in telemedicine, artificial intelligence, and data
analytics offer innovative solutions for improving access, efficiency, and
personalization of healthcare.
Personalized medicine: Tailoring treatments to individual patient needs based on
genetic and other factors holds promise for more effective and efficient care.
Global collaboration: Sharing knowledge, resources, and best practices across
borders can address global health challenges and improve healthcare for all.
Preventive healthcare: Emphasis on prevention through healthy lifestyles, early
detection of diseases, and vaccination can reduce healthcare costs and improve
population health.
Sustainable healthcare: Integrating environmental considerations into healthcare
delivery can reduce the industry's environmental footprint and promote long-term
sustainability.
National Scenario:
Government policies: Many countries are implementing policies to improve
healthcare access, affordability, and quality.
Public-private partnerships: Collaboration between governments and private
companies can accelerate innovation and access to healthcare services.
Focus on primary care: Strengthening primary care systems can improve
preventative care and reduce the burden on hospitals.
Data integration: Leveraging data analytics can improve healthcare
planning, resource allocation, and decision-making.
Community engagement: Empowering communities and individuals to take
charge of their health can lead to better health outcomes.
Under the Union Budget 2023-24, the Ministry of Health and Family Welfare has
been allocated Rs. 89,155 crore (US$ 10.76 billion), an increase of 3.43%
compared to Rs. 86,200.65 crore (US$ 10.4 billion) in 2021-22.
Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) was allocated Rs. 3,365
crore (US$ 0.41 billion)
Human Resources for Health and Medical Education was allotted Rs. 6,500 crore
(US$ 780 million).
National Health Mission was allotted Rs. 29,085 crore (US$ 3.51 billion).
In July 2022, the World Bank approved a US$ 1 billion loan towards India's
Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission.
In May 2022, the Union Government approved grants for five new medical
colleges in Gujarat with a grant of Rs. 190 crore (US$ 23.78 million) each. These
colleges will come up in Navsari, Porbandar, Rajpipla, Godhra and Morbi.
In September 2021, Prime Minister Mr. Narendra Modi launched the Ayushman
Bharat Digital Mission. The mission will connect the digital health solutions of
hospitals across the country. Under this, every citizen will now get a digital health
ID and their health record will be digitally protected.
In July 2021, the Ministry of Tourism established the ‘National Medical &
Wellness Tourism Board’ to promote medical and wellness tourism in India.
In July 2021, the Union Cabinet approved the continuation of the National Ayush
Mission, responsible for the development of traditional medicines in India, as a
centrally sponsored scheme until 2026.
In July 2021, the Union Cabinet approved the MoU between India and Denmark
on cooperation in health and medicine. The agreement will focus on joint
initiatives and technology development in the health sector, to improve the public
health status of the population of both countries.
In June 2021, the Ministry of Health, and Family Welfare, in partnership with
UNICEF, held a capacity-building workshop for media professionals and health
correspondents in Northeastern states on the current COVID-19 situation in India,
to bust myths regarding COVID-19 vaccines & vaccination and reinforce the
importance of COVID-19 Appropriate Behavior (CAB).
2.1 BACKGROUND
Neuro Bharat Hospital was established in the Gregorian calendar month 2021. There is
services to society to care customer best suggestion quality health care there ten members
partners in hospital As a medical professional, entrepreneur he believes in “WORK IS
WORSHIP”. He is a man of great learning as well as achievements and at the same time a
man of great humility.
A selfless social worker in him is clearly visible in his routine activities of public interest
like, tree plantations, Awareness Programmed on various public interests, observing
National festivals by hosting creative programs for youth and engaging them to
understand the “IDEA OF INDIA”
“NEUROBHARAT Brain Spins &Trauma HOPITAL” Healthcare has become one of the
largest sectors in India, each in terms of revenue and jobs. The business includes
hospitals, medical devices, clinical trials, outsourcing. telemedicine, medical trading
companies, insurance and medical devices. The Indian attention business is growing at an
amazing rate owing to services and increased spending from similar public players.
enhanced coverage.
The Indian procurement system is categorized into 2 main parts public and personal. the
government is. the public care system contains restricted secondary and tertiary care
facilities in key cities and focuses on providing basic care facilities in the variety of health
centers, primary attention (PHC) in rural areas. The personal sector provides the majority
of secondary, tertiary, and quaternary care facilities with a significant concentration in
metropolises. Tier 1, and Tier II cities.
This Hospital has been designed to deliver best services exclusively for the child and
mother care. This Hospital provides the art Neonatology care units, Pediatric Intensive
care facilities, Pediatric and Maternity related surgeries including surgeries, procedure
rooms, laboratory services, dedicated clinics for chronic ailments, preventive health,
developmental disorders and counselling services,
Round the clock emergency services along with hrs. pharmacy. Our hospital will leave no
stone unturned in providing the best pediatric and gynecological care. We are running
clinics with association of best pediatric hospitals. A lot of thought has gone into making
the process of healing as child-friendly as possible. The ambience, the mood, the culture
has all been shaped around the young patient.
This Hospital also includes many departments like Human Resource, Finance section,
Marketing, clerical and it is having many of the employees who is working in the
different department, This Hospital is built
Nuro Bharat hospital started at 2021. Neuro Bharat hospital is a 40 bedded super
specialty care, will have well equipped with the latest technology and trained medical
staffs who will dedicated and specialist in the Neuroscience, Orthopedics, General
Medicine and Nephrology. The hospital will have care services with 15 bedded central
monitor critical care units. 6 OT facilities included 2 Laminar Air Flow modular OT for
major Neuro surgeries.
LOCATION OVERVIEW:
The organization was established in the year 2021, Neuro Bharat Hospital in Durgigudi,
this well-known establishment acts as a destination servicing customers both local and
from other parts of Shivamogga. Over the course of its journey, the belief that customer
satisfaction is an important as their products and services, have helped this establishment
garner a vast base of customers, which continues to grow by the day. This business
employs individuals that are dedicated towards their respective roles and put in a lot of
efforts to achieve the common vision and larger goals of the company. this business aims
to expand its line of the products and services and cater to a smaller clint base. In
Shivamogga, this establishment occupies a prominent location in Durgigudi. It is an
effortless task in commuting to this establishment as there are various modes of transport
readily available. Jewel rock road, next to BJP office, Shivamogga, Karnataka 577201,
which makes it easy for visitors in locating this establishment.
BACKGROUND INFORMATION:
Neuro Bharat Hospital was established in the Gregorian calendar month 2021. There is
services to society to care customer best suggestion quality heath care there ten members
partners in hospital As a medical professional, entrepreneur he believes in “WORK IS
WORSHIP”. He is a man of great learning as well as achievements and at the same time a
man of great humility.
A selfless social worker in him is clearly visible in his routine activities of public interest
like, tree plantations, Awareness Programmed on various public interests, observing
National festivals by hosting creative programs for youth and engaging them to
understand the “IDEA OF INDIA”
VISION:
Maximum Care and Utmost Concern: Do nothing to stop us from providing reasonable,
holistic care and compassion to each and every one.
MISSION
Mixing the simplest human resource and the best of technology Innovate to create a
sustainable health care delivery system to prevent early diagnosis and timely cure.
To avoid illness and relax in the market, while being aware of limiting monetary and
emotional prices
VALUES:
PRODUCTS:
Neuro Bharat Hospital in offers a long range of goods and offerings to meet the diverse
needs of its clients. The staff at this establishment are patient and provide promt service.
to answer your questions Otolaryngologists, Neurologists, Hospitals, Etc. Help the area.
SEVICES:
CLINICAL SERVICES
1. General Medicine
2. Emergency medicine
3. Intensive Care
4. Neurology
5. ENT
6. IVF and Research Centre
7. Neurosurgery
8. Nephrology
9. Orthopedic surgery
11. Pathology
13. Physiotherapy
DIAGNOSTIC SERVICES:
1. Central Laboratory
2. ECG, TMT
3. EEG
4. CT Imaging
5. Digital X-Ray
6. Endoscopy
OTHER FACILITIES:
2. 24/7 Pharmacy
• Lift facilities.
• Oxygen cylinder.
• Fire safety.
• Electricity power.
• Best employees.
• Facilities.
COMPETITORS INFORMATION:
At present competition rate has become very intensive with reference to hospital industry
competitors are with every hospital industry.
• Bharath Hospital
• Adarsha Hospital
CHAPTER-3
MCKINEY’S 7’S FRAMEWORK AND PORTER’S FIVE FORCE MODEL WITH
SPECIAL REFERENCE TO ORGANIZATION UNDER STUDY
Mckensy’s 7 s framework model can be categorized under two heads which are known to
be as follows:
1. Hard Elements
2. Soft Elements.
Hard Elements such as Structure, Strategy, System and Soft Elements such as Shared
Values, Skill, Style, Staff. According to the study below mentioned is the Framework of
Neuro Bharat Hospital. Explained in detail.
Strategy:
Strategy refers to the detailed plan and action of an organization to gain the competitive
advantage. Here the organizations plan is to sustain in the society and to achieve,
compassion to achieve optimal quality life for the people they serve and Passionate to
deliver the dedicate the quality care with committed healthcare professionals at affordable
price.
Structure:
Structure here refers to the chain of command or the way of an organization is organized
with accountability relationships that forms its organization chart. As per the study it
gives us the result as the Neuro Bharat hospital is organized in such a manner that there is
no confusion with regarding to the authority or employees. The chain of command is
clear that it flows from the superior like; Founder, Admin, HRD and Finance to the
Subordinates like; Department heads and employees of different departments
System:
Shared values:
Shared values are the mission, objectives and the values from the foundation these are
also known to be as core values. Say that to provide leading edge healthcare services with
commitment, compassion to achieve optimal quality life for the people they serve and
passionate to deliver the dedicate the quality care with committed healthcare
professionals at affordable price
Style:
style here refers to the way of interaction and symbolic decision-making, which forms the
management style. According to this study the organization is follows Multi Criteria
Decision making and Decision support system as both them require a set of criteria to be
employed to give weights for alternatives, both MSDM and DSS are capable of handling
complex decisions.
Staff:
Staff referred to as size of the existing workforce, it also involves talent management,
according to the study in this organization there are 1 Human resource person for
recruiting, selecting, and screening the employees and 2 Accountants to maintain the
accounts functioning and there are 46 Staff nurses, 2 Lab technicians, 1biomedical staffs,
42peration Theatre staffs, 2 Ambulance drivers, 3 Marketing heads, 2 Information
technology teams, 9 Doctors from both MBBS and BAMS with 15+ yeas experience and
2-3 Securities who are currently working in the organization.
Skills:
Skills referred to as the capabilities and the competencies of the employees to achieve the
organizational objectives. According to this study there are many number of employees
who are working in the Saraji Super specialty hospital they need to be trained under
different skill set such as they can be categorized as Medical as well as Non-medical such
as medical staff need to be having the certification in their particular fields like
Paramedical, Lab technical, Pharmacy courses, Lactation, X-Ray etc.…, Non medicals
like they should be having minimum educational qualification of Degree and special skill
set like communication and writing and also computer knowledge
ii. PORTER’S FIVE FORCE MODEL OF THIS STUDY
Porter’s Five Force is a model that identifies and analyses five competitive forces that
shape ever industry and helps determine an industry’s weakness and strengths. Porter’s
Five Force analysis is frequently used to identify an industry’s structure to determine
corporate strategy.
Porter’s model can be applied to any segment of the company to understand the level of
competition within the industry and enhance a company’s long-term profitability. The
Five Forces model is named after Harvard Business School professor Michael E. Porter.
Competitive rivalry:
It means the competition surrounded and what is the unique thing that your organization
have. According to this study the Neuro Bharat hospital having many competitors
surrounded by them such as tejas Neuro hospital, Nanjappa life care Hospital. But Neuro
Bharat is for maternity related surgeries and pediatric intensive care facilities. Which the
other hospitals surrounded by Neuro do not have.
Bargaining power of suppliers:
According to the study this Neuro Bharat is dealing with many of the suppliers in various
fields and department like pharmacy instruments and medications, computer systems,
laboratory instruments, X-Ray machines, general store items (everything related towards
for patients). There is very frequent pressure by the supplier in increasing the price but no
reduction in the product availability, or reducing the quality of the product.
It refers to customer pressure to vendors in order to provide better customer services and
lower the product prices and increase the quality of product or services. According to this
study there is high power for bargaining by the buyer as said in the above information
there is different department where the buying and providing services are taking place at
moment. Here the buyer means the different department heads whom the bargaining
power had given from the authority they often use this power when they order product
from the suppliers and also they often take responsibilities’ to provide better customer
services to the outpatients.
Threat of Substitution:
According to this study there is very low because this organization is unique from their
obvious competitors as patients from different places do visit for more than times as the
patients are not shifting to other doctors or hospital as they like the facilities provided for
them and they have been given clear information by the staffs, furthermore as per there
the Technology is changing the people are expecting the advanced featured treatment for
their child and by the organizational point of view this study gives us clear picture that
the customers are not switching for the Homeopathic treatment.
Threat of New Entry:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT
analysis is a technique for assessing these four aspects of your business.
A SWOT analysis examines both internal and external factors – that is, what's going on
inside and outside your organization. So, of these factors will be within your control and
some will not. In either case, the wisest action you can take in response will become
clearer once you've discovered, recorded and analyzed as many factors as you can
1) STRENGTHS:
Partnership with public health. 10+ years of experienced doctors. Shared Decision
making.
2) WEAKNESS:
Competition between hospitals and clinics limits efforts to some degree. Staff
participation limitation.
3) OPPORTUNITIES:
4) THREATS/ CHALLENGES:
Government Regulation
Financial statement analysis (or financial analysis) is the process of reviewing and
analyzing a company’s financial statements to make a better economic decision. These
statements include the income statements, Balance sheet, statement of cash flows, and a
statement of changes in equity. Financial statement analysis is a method or process
involving specific techniques for evaluating risks, performance, financial health, and
future prospects of an organization.
Trend Analysis
Ratio Analysis
Table 5.1 PROFIT AND LOSS ACCOUNT OF NeuroBharat HOSPITAL
INCOME
EXPENSES
Cr Cr
SHAREHOLDERS FUNDS
NON-CURRENT LIABILITIES
CURRENT LIABILITIES
ASSETS
NON-CURRENT ASSETS
CURRENT ASSETS
Interpretation: Above table and graph show that the Return on shareholder fund is not
same in two years. In year 2022 the Return on shareholder fund is 0.098 and in year 2023
0.13. so, the return on shareholder fund is 2023 is more than 2022.
Table No. 5.3.2 Current Ratio
Current ratio
1.135
1.13
1.13
1.125
1.12
1.115
Total
1.11
1.105
1.1
1.1
1.095
1.09
1.085
2022 2023
Interpretation: The above table shows that the current ratio of the organization is
different by year to tear that in the year 2022 is 1.13 and the year 2023 is 1.10 which
means the current ratio of 2022 is more than 2023
0.014
0.012
0.01
Total
0.008
0.006
0.004
0.002
0
2022 2023
Interpretation: The above table and Graph shown that the cash ratio of an organization
increased from 2022 to 2023 which is increased from 0.008 to 0.015. It shows that the
organization is maintained the cash ratio year by year well.
Interpretation: The above table and graph shown that the fixed asset net worth ratio of
the organization that is the ratio of the year 2023 decreased form 2022 that it decreased
from 1.31 to 1.19.
Table No. 5.3.5 financial leverage ratio
4.15
4.1
4.05 Total
3.95
3.9
3.85
2022 2023
Interpretation: The above table and graph shown that the financial leverage of the
organization is different from year by year that is, in 2023 is 4.16 to 3.97 by 2023.
CHAPTER-6
LEARNING EXPERIENCE
The learning experience during my internship was great. In the organization I learn h ow
the activities take place in real world in the business organization. I researched and
learned a lot of topics that are carried out in organizations during my four-week
organization study in this service industries. I saw over there how issues are discussed
and decisions are taking place. In all the functional departments the employees with multi
skills and their commitment and job effectiveness are utilized. Each employee has the
freedom to give his opinion for the organization.
I learn about the company profile, structure of the organization, the roles of the various
departments, and the working habits of the staff. I now have more information about the
management process overall
Things I have learnt the various managerial skills, time management, coordination,
decision making and execution in the work environment.
I would like to thanks the person who has coordinated in the period of internship and also
thanks to my coordinator for guiding me.