Question

Is it best to be independent or part of a hospital group?

Answer 1

It is always good to start the operation as being the part of hospital group. It will bring benefits such as efficient utilization of resources, sharing and cooperation in business development as well as brand building as a part of the large conglomerate of the heath care institutions. It creates a high level of value proposition among the target audience. Besides, the benefits of the R&D are also delivered to the partner institutions, whereas the cost of research work is distributed.
These benefits come in a long time with increased level of competition, when an institution operates on an independent basis.
After conducting operations as a part of hospital group for a few years, differentiation in services is developed and capabilities are created. Afterwards, the institution can operate on an independent basis and establish their own name.