New Patient Generation & Old Patient Retention Program of RSCN for associated hospitals : RSCN identified as most trusted Co partner of Hospitals in terms of out patient retention and revisiting, because our Channel Partners are innovative, highly efficient and objective driven. New way of penetration into the community to gain patients : Our Chandigarh based Channel Partner (CP) Mrs. Diljit Shreyash, have invented an outstanding way to gain new patients. She has contacted 28 Postal Franchises across North Punjab and Chandigarh rural area and made 18 franchises as single contact point of our associated hospitals. Effectiveness : 1. Still in Rural Areas, Postal Dept. having a trust and reputation. 2. Only postal system having deep root and network in India. 3. As bi-product, owner of franchise can earn a respectable amount. 4. Urban Society is now a RED SEA, but still rural sector , not so congested. 5. Mostly rural people deals with cash, 6. Peoples will get a prompt and yearly service, that will help to build hospital - patient relation better. RSCN is not working like agents, we associated with hospitals with a vision of long term relation building. Our process is science driven and beneficial for both. One thing is very true , if any hospital is depending only on prototype marketing policy like small doctor referral/ RMP referral and Agent referral, then future of that hospital is very challenging. We welcome hospitals/ Diagnostic Companies / IVF Centres to contact us with a vision of long term patient generation and retention without any monitory investment. Click to website button. www.rscn.org.in
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Beware of Apollo Pharmacy: A Cautionary Tale sonam sisodia Recently, a friend of mine had a distressing experience with Apollo Pharmacy. Despite providing a valid prescription, she received incorrect medication from one of their franchises. This oversight has led to severe health complications for her. It raises serious concerns about the franchising practices of Apollo Pharmacy. Are they adequately vetting their franchise owners? It seems that in their pursuit of business and profit, Apollo may be compromising on essential checks and balances. This incident occurred at the Apollo Pharmacy in Indore Nipania. It's crucial for companies like Apollo to ensure that only qualified and responsible individuals are entrusted with such critical responsibilities. If you or someone you know relies on Apollo Pharmacy, please exercise caution and ensure that you double-check the medication provided. Your health could be at stake. #Healthcare #ApolloPharmacy #PatientSafety #MedicalErrors #FranchiseManagement #Indore #Apollo #ApolloPharmacy #ApolloHospitals #Healthcare #Pharmacy #MedicalCare #PatientSafety #HealthIssues #MedicationError #ApolloHealthcare
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https://lnkd.in/dbivJZMm How leveraging your #Businessvalue and taking risks takes your Business many folds.
Meet the man who started with RS 500 and sold his company for 5,000 CR. 1. Arokiaswamy Velumani was born to a landless farmer in the village of Appanaickenpatti Pudur in Tamil Nadu. His family could earn only Rs 50 weekly. Still, Velumani created history by becoming the first graduate from his village in 1978. 🙌 2. He started working at Gemini Capsules, a pharmaceutical company in Coimbatore, Tamil Nadu. Velumani had a job but earned just Rs 150 monthly. He left the job after four years and took a shocking step. 🤯 3. On 18th August 1982 - Velumani boarded a train and came to Mumbai with Rs 500. After sleeping at VT station for the next three days, Velumani landed a lab assistant interview at Bhabha Atomic Research Centre. Velumani finally had the first real job of his life. 🙏 4. He worked on Thyroid, a butterfly-shaped gland in the neck that controls metabolism. The subject fascinated him so much that he achieved a doctorate in Thyroid Biochemistry in 1995. However, Velumani wanted to set up his thyroid testing lab. With Rs 1 lakh in his provident fund account, he had quit his job. In 1996, Thyrocare was born. 🚀 5. The idea was simple ⏩ Provide lab testing through franchises. This strategy would cut costs as franchise partners can collect samples from their local city and send them for testing to the 200 sq ft Thyrocare processing lab in Byculla, Mumbai. Thyrocare disrupted the market. ⚡ 6. When competitors gave thyroid tests for Rs 600, Velumani provided them at Rs 300. The franchise partner would keep 60%, while the 40% profit was Thyrocare. By 1999, Thyrocare processed 200 samples daily and had 50 franchise partners. It touched sales of 1 CR. 📉 7. Thyrocare kept growing and never lost the cost advantage. It created its reagents at Rs 30 when competitors imported from Europe at Rs 150. By 2006, Thyrocare moved to a 1,20,000 sq ft facility in Navi Mumbai and grew to sales of 30 CR. And, the big moment came. 👇 8. CX partners invested 188 CR against a 30% stake in December 2010. Thyrocare became a 600 CR company. It scaled to 20,000 service centres and 600 franchise partners across 1,000 cities in India. In 2013, it raised another 120 CR from Norwest Partners at a valuation of 1200 CR. 💸 9. Thyrocare kept expanding and by 2016, it had processed over 14 million tests and generated revenue of 171.79 CR. As Velumani was gearing up for 480 CR IPO, he lost his first employee - his wife. 🤯 10. Velumani gathered courage and marched forward. On 7th May 2016, Thyrocare listed at a 48.43 % premium and was oversubscribed by 73.55 times. It did 40,000 tests daily during COVID-19 and scaled to revenues of 494.62 CR and profit of 113.5 CR by 2021. And the big news came. 👇 11. On 25th June 2021, 62-year-old Velumani sold 66.1% of Thyrocare to Indian healthcare giant - Pharmeasy at a valuation of 6334 CR. 💪 ➡️ Velumani came with Rs 500 divided in five pockets but went out with a single cheque of 5,000 CR. 🙏 #startup #india #casestudy
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📞Call for Business Enquiries: +91-8708402647 🌐 Explore more at www.fibovil.com Empowering Healthcare through Cardiovascular Medicine Franchises in India Introduction: Welcome to Fibovil Pharmaceuticals Pvt. Ltd., where we are committed to pioneering healthcare solutions across India. In this blog, we explore the landscape of cardiovascular medicine franchises in the country, shedding light on the opportunities available for both healthcare providers and entrepreneurs. Understanding the Need: India is grappling with a surge in cardiovascular diseases, fueled by sedentary lifestyles, poor dietary habits, and genetic predispositions. This underscores the urgent need for accessible and effective medications to combat the alarming mortality rates associated with these conditions. The Role of Franchise in Cardiovascular Medicine: At Fibovil Pharmaceuticals, we recognize the pivotal role of franchises in bridging the gap between the supply and demand for life-saving cardiovascular medications nationwide. Benefits for Healthcare Providers: By partnering with a cardiovascular medicine franchise, healthcare providers gain access to a comprehensive range of treatments, supported by ongoing training and support to stay abreast of the latest advancements in the field. Opportunities for Entrepreneurs: Investing in a cardiovascular medicine franchise with Fibovil Pharmaceuticals presents entrepreneurs with a lucrative opportunity to leverage our reputation, expertise, and resources for a successful venture. Navigating Regulatory Requirements: We understand the complexities of navigating India's stringent regulatory standards. That's why Fibovil Pharmaceuticals is committed to assisting franchise partners in ensuring compliance, allowing them to focus on delivering superior healthcare services. Embracing Technological Advancements: Integrating cutting-edge technology into cardiovascular medicine franchises is key to enhancing efficiency in inventory management, logistics, and patient care. This empowers franchise partners to optimize operations and deliver personalized services. Conclusion: As India confronts the challenge of cardiovascular diseases, pharmaceutical franchises play a critical role in delivering accessible and effective medications. Fibovil Pharmaceuticals Pvt. Ltd. is dedicated to empowering healthcare providers and entrepreneurs to revolutionize cardiovascular care in India, thereby fostering a healthier future for all.#pcd#pcdpharma
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Director iima / head marketing area iima Another useful case study for MBAs Iima should write one on this Cheers jkdadoo Pgp 1980 Ias 1983
Meet the man who started with RS 500 and sold his company for 5,000 CR. 1. Arokiaswamy Velumani was born to a landless farmer in the village of Appanaickenpatti Pudur in Tamil Nadu. His family could earn only Rs 50 weekly. Still, Velumani created history by becoming the first graduate from his village in 1978. 🙌 2. He started working at Gemini Capsules, a pharmaceutical company in Coimbatore, Tamil Nadu. Velumani had a job but earned just Rs 150 monthly. He left the job after four years and took a shocking step. 🤯 3. On 18th August 1982 - Velumani boarded a train and came to Mumbai with Rs 500. After sleeping at VT station for the next three days, Velumani landed a lab assistant interview at Bhabha Atomic Research Centre. Velumani finally had the first real job of his life. 🙏 4. He worked on Thyroid, a butterfly-shaped gland in the neck that controls metabolism. The subject fascinated him so much that he achieved a doctorate in Thyroid Biochemistry in 1995. However, Velumani wanted to set up his thyroid testing lab. With Rs 1 lakh in his provident fund account, he had quit his job. In 1996, Thyrocare was born. 🚀 5. The idea was simple ⏩ Provide lab testing through franchises. This strategy would cut costs as franchise partners can collect samples from their local city and send them for testing to the 200 sq ft Thyrocare processing lab in Byculla, Mumbai. Thyrocare disrupted the market. ⚡ 6. When competitors gave thyroid tests for Rs 600, Velumani provided them at Rs 300. The franchise partner would keep 60%, while the 40% profit was Thyrocare. By 1999, Thyrocare processed 200 samples daily and had 50 franchise partners. It touched sales of 1 CR. 📉 7. Thyrocare kept growing and never lost the cost advantage. It created its reagents at Rs 30 when competitors imported from Europe at Rs 150. By 2006, Thyrocare moved to a 1,20,000 sq ft facility in Navi Mumbai and grew to sales of 30 CR. And, the big moment came. 👇 8. CX partners invested 188 CR against a 30% stake in December 2010. Thyrocare became a 600 CR company. It scaled to 20,000 service centres and 600 franchise partners across 1,000 cities in India. In 2013, it raised another 120 CR from Norwest Partners at a valuation of 1200 CR. 💸 9. Thyrocare kept expanding and by 2016, it had processed over 14 million tests and generated revenue of 171.79 CR. As Velumani was gearing up for 480 CR IPO, he lost his first employee - his wife. 🤯 10. Velumani gathered courage and marched forward. On 7th May 2016, Thyrocare listed at a 48.43 % premium and was oversubscribed by 73.55 times. It did 40,000 tests daily during COVID-19 and scaled to revenues of 494.62 CR and profit of 113.5 CR by 2021. And the big news came. 👇 11. On 25th June 2021, 62-year-old Velumani sold 66.1% of Thyrocare to Indian healthcare giant - Pharmeasy at a valuation of 6334 CR. 💪 ➡️ Velumani came with Rs 500 divided in five pockets but went out with a single cheque of 5,000 CR. 🙏 #startup #india #casestudy
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In 1982, he didn't know where the thyroid was. In 2002, he started the world's largest thyroid testing laboratory worth a Billion dollar now. The person is none other than Dr Velumani Arokiaswamy (Founder of Thyrocare Technologies Ltd. a billion-dollar company). 📌 He cleared 11th & 12th without purchasing textbooks due to a lack of money. 📌 In 1992, he finished a PhD in thyroid biochemistry. 📌 He came to Mumbai with just 500 Rs and exited the company with a single 5000 Cr rupees cheque in hand. 📌 He started Thyrocare with 2 lakh rupees. He just grew his company by reinvesting the capital generated by his business. He calls it a customer-funded business. 📌 He was rejected by almost 50 companies because of no experience. So he hired 25,000 freshers in 25 years at Thyrocare. He didn't hire a single experienced employee in his organization. He did this by creating an assembly line. He used to train them, and they learned everything within 3 months. 📌 He evaluates employees on 4 factors: Stamina, Discipline, Intelligence, and Focus. 📌 He was the first one to start a franchise in India. McDonald's came after him. He understood the importance of a franchise as a person's place can't speak the language or follow the culture of another place. He told them that the market is charging 600 rs. You charge 300 rs and give me 100 rs and keep 200 rs with you. This attracted many people to start a franchise with more than a 60% margin for franchise owners. 📌 In the entire world, India is the cheapest in healthcare. In entire India, Thyrocare is the cheapest. Its balance sheet has a 40% margin because of high optimization. 📌 He did Uber styled business : Earlier, thyroid machines used to run for 4 hrs and remain idle for 20 hrs. But at Thyrocare, the machine runs for 24 hrs. 📌 He did McDonald's styled business : He focused on Disorders while others were focused on diseases. Disorders like diabetes, thyroid issues, Arthritis stay with you for a very long time, while diseases like dengue, malaria, etc., come and go. This reduced his CAC significantly as he had to onboard them only once, and they will pay for a lifetime. 📌 He did Amazon styled business : If you use Thyrocare’s service, a person from Thyrocare comes to your door at 8 o'clock in the morning to collect your blood sample. 📌 His pricing was less, so his competitor used to do marketing for him as they used to tell the customers the drawback of Thyrocare even though the customers didn't know what Thyrocare was. I have attached solid punchlines of Dr. Velumani from the podcast of Raj Shamani where he was invited as a guest. The entrepreneurial punchlines from Dr. Velumani are invaluable lessons for anyone seeking business success and growth. #rajshamani #figuringout #podcast #business #entrepreneurship #founder #healthcare #thyroid #advice
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I took a bold step into the generic medicine world. 💼 It changed my life forever. 🔄 India's struggle was clear: over 140 crore needed affordable meds. 💊 Accessible healthcare wasn't just a need. It was a glaring necessity. 🚨 So, we started a generic medicine franchise. 🏥 Our goal? Reach every part of India. 🇮🇳 The Prime Minister's Jan Aushadhi Yojana inspired me. 🌟 After 20 years in corporate, I joined the revolution in 2015. ✊ The journey has been incredible. 🎢 Now, we boast over 2,000 franchises in Maharashtra and beyond. 🌍 Our success? Thanks to a low-cost franchise model. 💡 It's empowering young entrepreneurs, fueling a noble cause. 🌱 Affordable medicine for Indians is our pride and joy. ❤️ We're honored to make healthcare accessible to all. 🙌 #HealthcareRevolution #GenericMedicine #Entrepreneurship #SocialImpact #AffordableHealthcare #MedicalFranchise #HealthForAll #Pharmaceuticals #MakeInIndia #StartupIndia #InnovativeHealthcare #HealthTech
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Ready to dive into the world of skincare? Discover essential tips for starting a Derma Franchise Business in India! With the growing demand for Derma Products, now is the perfect time to explore this lucrative opportunity. From choosing the right Derma PCD Company to understanding the market scope, our latest blog covers everything you need to know. Start your journey today with insights from Dermamedicinecompany.com, your trusted B2B Pharma Portal! Read more now! #DermaFranchiseBusiness #DermaPCDCompany #DermaPCDFranchise #DermaFranchiseCompany #DermaProductsList #DermaPCDCompanyInIndia #PCDDermaCompanyInIndia #BestDermaFranchiseCompanyInIndia #DermaPCDFranchiseCompanyInIndia #DermaProductsInIndia #BestDermaCompanyInIndia #DermaMedicineCompany
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We are pleased to inform that Argus Partners (Solicitors & Advocates) has advised Zeno Health (Workcell Solutions Pvt. Ltd.), a health-tech startup and omnichannel pharmacy platform for generic and branded medicines, on its acquisition of certain assets and liabilities, on a slump sale basis, from a Kolkata-based startup, TABLT Pharmacy This acquisition would enable Zeno Health to strengthen its presence in the States of West Bengal, Odisha, Bihar and Jharkhand where Tablt operated through more than 300 franchises to provide last mile medicine supply services in underserved markets. Commenting on the transaction, Girish Agarwal, co-founder of Zeno Health stated, “Our aim is to serve more than 1 crore customers every month and we also hope to reduce healthcare expenditure by 50 per cent. Thus our merger with Tablt will expedite our journey to rural and semi-urban areas, addressing the immense need for generic medicine.” Further, according to Siddharth Gadia, co-founder and CEO, Zeno Health, “We operate in metro cities through our omnichannel presence. We feel that with the unique model of Tablt, we will be able to expand our reach into those markets.” The team at Argus Partners advising Zeno Health comprised of Abhinav Bhalaik and Neha Madan (Partners), and Ishita Agarwal (Senior Associate) and Kanishk G., Samridhi Kapoor (Associates). Read more at: https://lnkd.in/gmduKQ6w #arguspartners #dealupdate #matterupdate #merger #acquisition #corporatelaw #mergersandacquisitions #zenohealth #tabltpharmacy #healthcare #pharmaceutical #wellness #lawfirm #mumbai #delhi #kolkata #bengaluru
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So, I normally do not write stuff, that would give a competitive edge to other pharmacy franchises on Estonian market. However, I am doing it now, because the issue is quite obvious and it cannot be implemented by anyone other than pharmacists, and other franchises than Südameapteek have a lot less pharmacists in decision-making positions anyway. And it depends a lot on my favourite subject - culture. And I am currently already on the position that we have it better than the other 3 franchises. And it is not possible to implement this tool with shaky legs (my experience has repeatedly shown that people with other backgrounds than pharmacist get weakness in their legs with such issues). So here goes. It is the process of communication of health information at the pharmacies in general. I am on the opinion that we do not know how to do it currently. Not in any of the 4 franchises. So why is that - we have a lot of people from other spheres, not really that informed when writing SOPs, creating internal rules etc. Euroapteek recently had a very interesting job offer for Quality Manager Pharmacist, whose task is to - basically put everything together as one person (like Kalevipoeg - a fictional person larger than life). The job offer is here: https://lnkd.in/dqsj84Zh I would apply, it is very intriguing. But my bet is - they cannot do it. You cannot grow a culture with shaky legs. But Südameapteek already kind of could, I think, there is some anti-fragility in the system 💗 So, about the subject. Imho pharmacists are NOT currently giving a lot of useful information and some of them (most) do not orient themselves (in one of my other favourite subject) - product groups. Most of info given at the POSs (any POS, in RU: любой) is little use for the patient and sometimes given to help sales, sometimes to protect one's *ss. What we should do instead: think about solutions. 1. First thing is to teach pharmacists product categories. It is not the same to give food supplement than to give a drug with indication. It is not the same to give traditional herbal drug than to give a conventional one. Cosmetic is not a drug in any sense. We have to understand what we are doing. 2. If there is no good solution for a diagnosis - this has to be told to the patient on the spot. Diagnosis -> solutions -> info. 3. It is of no use to tell to a person not to take NSAIDs when there is no good alternative. You feel good, but the person is in pain. 4. The recommendation of Rx (consultation with doctor) should be standard. Not that "pharmacists do not talk about Rx", this is stupid. I heard this during one of my trainings from a colleague probably 15 years older than me. Imagine the quality of advice that has been given from this source. 5. Never threaten. The product information leaflet does that anyway. Just point out the relevant ADRs (1-2) and concomitant effects (1-2) related to patient profile. Relevant true info.
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Exploring a Premier Health and Wellness Franchise Opportunity in Alternative Medicine Market Expected to More Than Double by 2030 to $90B Are you looking for an innovative and impactful franchise opportunity in the health and wellness sector? Here's a glimpse into a pioneering franchise offering a unique blend of non-surgical, non-opioid pain relief and injury rehabilitation services. This franchise leverages the body’s natural healing abilities to address joint and nerve conditions through alternative and concierge medicine. Market Opportunity The US is one of the largest markets for alternative medicine in the world. In 2021, the US alternative medicine market was valued at $41B projected to more than double to $90B by 2030. This growth is driven by increasing consumer awareness and interest in alternative and holistic health practices, as well as the growing acceptance and integration of alternative medicine into mainstream healthcare. According to a NIH Survey conducted in 2017, nearly 38% of adults and 12% of children in the U.S. use some form of complementary or alternative medicine today. Key Selling Points 1. Ownership Flexibility: Options for single or multi-clinic ownership. 2. Ideal Location: A medical plaza around 1K sq. ft. is a perfect setting. 3. Innovative Treatments: Focused on non-surgical, non-steroidal, and non-opioid regenerative medical treatments. 4. No Medical Degree Required: No need for a medical background to become owner. Staff Requirements A small team of 1-5, including part-time doctor and front office staff with medical designation. Financial Overview - Ramp-Up Period: 4-6 months - Initial Investment: $168K - $361K Franchise Fee: $55K for a territory - Net Worth Requirement: $250K - Liquidity Requirement: $150K - Royalty Rate: 7%. - EBITDA: 25% w/ a $100K salary add-back. Franchise Today - Founded: 2019 - Franchised: 2022 Current Units: 12 brick-and-mortar locations. - Territories Sold: 30 since FDD issuance. - Projected New Units: 9 Membership and Patient Services - Treatment Focus: Pain relief for injuries, arthritis, nerve pain, joint pain, diabetes. - No Insurance covered - Average Ticket: $7K (payment plans available). Ideal Candidate Profile - Background: No medical experience or degree required. Skills: Strong sales and management skills. - Complementary Business: Ideal for those looking to bolt on to existing businesses or healthcare providers wanting to add new services. - Owner Role: Hosting seminars and lunch-and-learns bi-weekly and leading the team. If you're excited about the potential to make a significant impact in the health and wellness industry while running a successful business, this franchise opportunity could be the perfect fit for you. Contact me today to learn more and start your journey towards owning a clinic that changes lives. #FranchiseFriday #FranchiseOpportunity #HealthAndWellness #PainRelief #RegenerativeMedicine #BusinessOpportunity #NonSurgical
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