The
healthcare industry in India has seen significant growth in recent
years. Rapid commercialisation has introduced many privately owned
healthcare facilities across the country. It has also brought a
significant increase in the number of ancillary industries like a
prescription drug store, care options, and diagnostics and
pathological labs.
The
medical diagnostics market is growing at a rate of 15% to 20% every
year. A recent study places the market worth approximately Rs. 40,000
Crore in 2018. New rules made acquiring a licence for pathology lab
much easier, making it one of the bestbusiness ideas in India
to tap into the growing healthcare industry.
Starting
your pathological lab
You
have to go through several steps to start your path labs in India.
These generally involve setting up the necessary arrangement,
calculating the cost of an establishment, and acquiring the necessary
paperwork to start a pathological lab.
Let’s
take a look at how to open a pathology lab and what are the steps
required.
-
Planning –
Proper
planning is one of the most crucial steps to start a path lab. You
have to decide on the scope, capacity, and services provided by your
path lab.
Pathological
labs generally provide various services like clinical pathology,
cytopathology, histopathology, serology, haematology, biochemistry,
etc. Your clinic’s facility, equipment, personal, expenditure, and
even necessary licence for pathology lab will change according to
these services provided.
-
Creating the infrastructure –
Another
crucial step is to decide the infrastructure required for your
pathological lab. A pathological lab should include a patient waiting
area, dedicated lab and processing space, separate examination spare,
storage area, and segregated sample collection and disposal areas.
However,
creating the necessary infrastructure can put a significant financial
strain on your budget. Several aspects like land acquisition,
creating a workspace, etc. will be included in the process. Even
renting a suitable place in an urban area will require significant
financial backing.
You
can opt for a business loan to tackle such monetary requirements
without depleting your savings. Several financial institutions
including NBFCs like Bajaj Finserv offer such loans with attractive
features and benefits. Bajaj Finserv even provides pre-approved
offers on credits like business loans as well as personal loans, home
loans, and several other financial products. Such offers simplify the
process of availing finance and help you save time. You only have to
share some essential details online to check your pre-approved offer.
-
Procuring licence and registration –
You
will have to acquire the necessary licence for the pathology lab
after completing the planning process. You will also have to comply
with some basic and some legal requirements based on the state you
will open your business in. Here is a list of the licences you will
require.
-
Registration under the Shops and Establishments Act.
-
Registration under the Clinical Establishment Act.
-
Permission from the Director of Health Services.
-
Accreditation from National Accreditation Board for Testing and Calibration.
-
Registration under Biomedical Waste Disposal Body.
-
Accreditation from Good Clinical Practices.
-
Approval for waste generation from the local Pollution Board.
-
No Objection Certificate from the local Fire department.
-
No Objection Certificate from the local municipality.
- Procuring equipment and consumables –
The
machinery required for your pathology lab will differ according to
the types of services you offer. However, some common equipment
includes –
-
Fridge.
-
Centrifuge.
-
Incubator.
-
Pipettes.
-
Autoclave.
-
Sterilisation equipment.
-
Lab management software to automate billing, payment, data handling, and report generation.
You
will also need a large stock of disposables like a hypodermic
syringe, consumables for blood collection, sterilised medical wear,
etc.
-
Hiring the necessary staff –
You
will require a team of experienced and qualified staff to keep your
lab operational. The pathological lab will also require a qualified
signatory or an MD pathologist or a microbiologist to comply with the
regulations enforced by the NABL or Clinical Establishment Act.
These
are some of the essentials that a checklist for how
to start a pathology lab
must include. The above mentioned steps will act as a guideline to
help you organise the necessary equipment and financing to start your
venture into the Medicare industry.
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