Thinking of starting a hospital in Nigeria? Here is a simplified but detailed guide on how to go about it. For Hospital business to flourish in Nigeria, there is the need to research on common sicknesses in the locality.
You will equally agree with me that majority if the critical health issues in Nigeria are being flown abroad. If you set up a hospital in Nigeria today, you will cut off this “traffic” of foreign exchange to yourself.
To achieve this, the need for an informative guide on how to go about this is necessary, which of course, is this guide on how to start a hospital in Nigeria.
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Profitability Of The Business
Starting a hospital in Nigeria is a profitable venture. People get sick every day, which condition propels the unequivocal need for a hospital. Secondly, there are few good hospitals in Nigeria. You can prove this fact by a quick check in your locality.
Thirdly, the few available hospitals are also often crowded or overcrowding. Lastly, Hence, setting up a hospital to tackle these menaces is a wise way to make good money. Given these profitability indices, therefore, you should consider starting a hospital in Nigeria today.
Steps To Starting A Hospital In Nigeria
Hospital Business Feasibility Study
It can be exhaustive starting a hospital in Nigerian without proper research on the ins and outs of the business. That is where the need for a hospital business feasibility study comes in.
This will give you an idea of the industry structure, required startup funds, level of competition and other useful pieces of information.
From the hospital business feasibility study, also, you will discover the prevailing salary rate, required number of staff, suitable location etc.
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Qualifications and License
Running a hospital is not for amateurs, novices or illiterates. Hence, a qualification license is required. First, you must be education, whatever kind of education. So, you must not be in the medical line or a health practitioner. Where you lack these, then liaise with licensed medical personnel to help out.
Some of the affiliate qualifications and licenses for setting up a hospital in Nigeria may be obtained from:
1. Medical and Dental Consultants Association of Nigeria (MDCAN)
2. National Association of Doctors in University Health Services (NADUHS)
3. National Association of Government General Medical and Dental Practitioners (NAGGMDP)
4. National Association of Resident Doctors (NARD)
5. Nigerian Dental Association (NDA)
6. Nigerian Medical Women Association (MWAN)
Your medical doctors, Surgeons, Obstetricians and Gynecologists, Pediatricians, Public Health and Laboratory Medicine/Pathologists should all be NMA certified.
NMA is the acronym for Nigerian Medical Association and is the professional association for the registration and licensing of Nigerian doctors and dentists. They have offices nationwide in al the state of the federation.
Your doctors must be MBBS certified while your nurses should be NMCN certified.
Get A Hospital Business Plan
A hospital business will help you to run a hospital properly. It is the blueprint you are going to follow from startup to successful running of your hospital.
Where you lack knowledge on how to write a hospital business plan, get an expert to help out. Here on this site, that is what we do. So, contact us.
Funding and Startup Capital
Hospital business is a cost-intensive business you need about N10m to fun its construction and management. You can use personal savings to run this or a loan from the banks. Support from family, friends and angel investors could go a long way to help.
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You cannot run a hospital in Nigeria without registering it. It will be closed by the Government in the long run. Hence, visit the Corporate Affairs Commission of Nigeria (CAC) to register your hospital.
The Ministry Of Health would be the next port of call. That is where you will obtain the appropriate licenses, permissions, and certifications needed to run a hospital in Nigeria.
The Medical and Dental Council of Nigeria (MDCN) is the core regulatory body for medical practice in Nigeria. Make sure you register your hospital with them.
Location: Siting The Hospital
The choice of a good location is akin to the success of your hospital. So, get a space that can accommodate all the sections of the hospital such as the laboratories, the administrative offices, wards, reception etc. ensure that your location is visible.
Some of the hospital equipment you should get include diagnosis machines, scales, consumables, hospital furniture and fittings etc. See other hospital equipment you should get below:
1. Theatre equipment/instruments for surgical operations
2. Delivery/ labor room equipment.
3. Anaesthetic machine
4. Fire extinguisher
5. Operating lamp
6. Oxygen cylinder with gauge and mask
7. Suction machine
Some of the staff in your employ includes:
1. Registered and licensed doctors
2. Registered and licensed pharmacists
3. Medical laboratory scientists/technician
4. Registered nurses/midwives
8. Medical records and secretarial staff
9. Ward assistant etc.
Hospital business has not yet been saturated in Nigeria. However, to work better, there is the need to partner with established veteran Nigeria doctors, pharmacists, and other stakeholders in the field.
For people to know about your hospital, you need to do proper marketing. This includes printing, distribution, and hoisting of fliers, brochures, handbills, billboards. Also, advertise on the radio and the television.
Get your hospital a good and functional website and run social media adverts for your business too. Be innovative in your advertising efforts. Get to know what your competitors are doing and see how to beat the competition.
Sustainability & Profitability Strategies
Maintaining the infrastructure development of your hospital is akin to sustainable success. Pay your staff as at when due and keep your premises serene always. Imbibe a positive maintenance culture.
Professional membership and good relationship with the NMA and other recognized bodies for medical health practitioners in Nigeria is equally important to the sustainability of your hospital.
You don’t have to be a medical doctor to start a hospital in Nigeria. In fact, most of the hospitals in Nigeria are not owned by medical professionals.
So, make the bold step today and reach for success tomorrow. But while doing so, understand that running a hospital in Nigeria is capital intensive given the high cost of standard hospital equipment, building construction, consumables, staff and management salary etc.
Hospital business, however, a profitable venture because for one sickness or the other, people will always need a hospital.
The tips heralded in this blueprint is just a scratch of the real issue. Visit a hospital today to find out more. Also, contact a medical personnel and hospital for a detailed expert guide on how to go about it.
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