Essential Healthcare Business Ideas Medical Professionals can Go With

Healthcare Business Ideas

The healthcare sector of India is expected to increase by up to $133.44 billion by the financial year 2022. Alongside this, the medical tourism sector is also expected to increase to $9 billion by the year 2020. With such growth in the sector, individuals tend to go ahead with their own start-ups after completing their education.

Several financial institutions and NBFCs offer a loan for medical equipment to help these aspirants with finance. Given below are some of the healthcare business ideas for medical professionals that you can consider.

  • Optometrist

If you specialize in eye care, you can start your business to provide vision and eye care services to your patients.

  • Dermatologist

You can start your own chamber specialized in solving skin issues. This business idea has been recognized among the most profitable business ideas. You can avail of advances as one of the sources of business finance if you lack the required funds. To avail such loans, you will have to meet simple eligibility criteria such as credit score, age, etc. Remember to access your repayment capabilities before availing a loan. Paying your EMIs on time is one of the ways for doctors to increase their CIBIL score.

  • Sleep technician

Several individuals in the present day face issues with their sleep. You can provide your services in treating such conditions. You can perform sleep tests on your patients to understand the cause of the lack of sleep and treat them accordingly.

  • Medical equipment dealer

Apart from providing healthcare services, doctors can also consider being distributors of high-end medical equipment.

Hospitals and other medical chambers require a variety of equipment in their day-to-day dealings. If you have proper knowledge, you can consider retailing or wholesaling such medical equipment. With the easy availability of a loan for medical equipment India, purchasing such a costly apparatus is common nowadays. Portable X-ray machines, endoscopes, etc. are some of the must-have points of care medical equipment that you should consider.

  • Psychiatrist

If you specialize in treating mental issues, you can provide your services in treating mental conditions of your patients. You can help your patients by holding regular counseling sessions, teaching them medication, therapy, etc.

  • Dentist

If you are specialized in dental treatments, you can start your dental clinic and provide apt services. Note that knowing the shelf life and the usage of your medical equipment are some of the things every dentist needs to know before purchasing dental equipment.

  • Chiropractor

Chiropractors offer services related to the adjustments of the human spine. You can start your own medical facility to provide such services. Doctors can avail of a loan for medical equipment India in case they lack the required funds for purchasing essential equipment and set up.

Several financial institutions and NBFCs offer such advances as a source of finance. Bajaj Finserv is one such NBFC that provides Loans for Doctors at an attractive interest rate and against minimal documents. They also provide instant approval, online account access, faster disbursals, prolonged tenor, substantial loan amount and other lucrative benefits.

This NBFC also brings in pre-approved offers to reduce the hassle of the application process and to save your time. These pre-approved offers are available on various financial products like home loans, business loans, personal loans, etc. You can take a look at your pre-approved offer by sharing minimal details like your name and phone number.

The application process of such loans is convenient, and you can do so online. To apply, visit the official website of your lender and fill an online application form. After your application gets approved a representative of your lender will visit you to collect the required documents. Once your documents are verified, the loan amount will be transferred to your account.

In addition to the above, there are business ideas that you can consider such as a pediatrician, acupuncturist, massage therapists, etc. however, if you avail advances as a source of finance for your investment do make sure to pay your EMIs on time to avoid hefty penalties and accumulation of debts.

With the rapid process in medical science, creating a set-up and running it successfully is efficiently managed by several software available. You can grow your medical practice with lybrate as this software has gained massive acceptance in the medical tourism industry. You can avail credits as one of the sources of business finance if you lack the required amount for investment.

About Sophia