Practus’ enabled the hospital to redeploy the existing team with new roles and responsibilities, thereby improving the finance department’s effectiveness.
| Client Name | ROI | Industry | Ownership | Management | No. of Employees | Size | Project Duration |
| Hospital Care | 4.8x | Healthcare | PE-Backed | Professional | ~1000 | ~$35 million | 3 months |
About The Company
Hospital Care is one of India’s top ten hospital networks, having ten hospitals in Maharashtra totaling ~750 beds. The F&A department is expected to give visibility into the return on investments from new facilities, capacity utilization, hospital profitability, and Return on Capital Employed, according to management expectations (ROCE).
Practus’ Role
- Compare the F&A’s staff capability to that of the best-run hospitals, recording the major outputs now supplied by key F&A personnel, their frequency, and the quality rating of such output.
- The most feasible F&A organization structure to support Hospital Care’s Business Plan implementation.
- Re-allocating resources to enable more and higher-quality output with the same F&A personnel strength is a possibility.
- A study was conducted to recommend “SMART” financial efficiency methods. Examine the tasks that must be completed in the next 12 months and determine whether internal or external assistance is required.
Impact Delivered
- The existing staff were redeployed with new roles and responsibilities as a consequence of the benchmarking research and talent assessment, which improved the Finance Department’s effectiveness. This is a very common misinterpretation.
- The deployment of systems and improved utilization of present processes assisted in resource optimization (manpower and free time).