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Dr. Folarin Olowu presents key strategies for Nigerian hospitals to optimize operations, focusing on infrastructure, expertise, and technology. Learn how to improve both internal and external aspects to attract clients, ensure sustainability, and drive revenue growth. Discover the importance of a robust board, quality governance, and cost containment without compromising quality.
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IMPERATIVES FOR NIGERIAN HOSPITALS TO HAVE A ROLE Dr FolarinOlowu, INTELLFIT LAGOS
2 PICTURES • BIG PICTURE- OR EXTERNAL- WHAT CLIENTS/PATIENTS WILL SEE • INTERNAL PICTURE- WHAT YOU THE CEO AND YOUR STAFF MUST SEE INTELLFIT- Our Ideas and Skills, Empower Africa
BIG PICTURE- OR EXTERNAL • Please what my words carefully- a lot of clinical mind is focused on patients, remember the clients- HMOs, etc they are not sick • INFRASTRUCTURE • EXPERTISE • TECHNOLOGY (IET) • If exterior is shabby, staff is poor and little technology is deployed, then clients/patients not come, and revenue wont grow INTELLFIT- Our Ideas and Skills, Empower Africa
THE BOARD IS KEY TO EXTERNAL PICTURE- WHY? • All depend on Financing in range of 500m naira and above (Loans, equity or grants), and without good governance, you cant access funding. Days of sole owner are gone……..you need a company or an NGO with a qualitative board • INFRASTRUCTURE-build or remodel • EXPERTISE-leverage Diaspora • TECHNOLOGY INTELLFIT- Our Ideas and Skills, Empower Africa
INTERNAL PICTURE • If you find financing, invest in infrastructure, expertise and technology, and grow revenue, if INTERNALLY, you are a mess, you wont make profit • COST CONTAINMENT, WITHOUT SACRIFICING QUALITY, IS KEY • To do this • Outsource all possible functions (laundry, cleaning, security, pathology are easy pickings-challenge is ambulance and drugs etc) • Energy Efficiency- Alternatives to burning diesel-solar for heating etc INTELLFIT- Our Ideas and Skills, Empower Africa