Healthcare Industry
Brief Industry Introduction
India’s healthcare industry is one of the fastest-growing sectors, comprising hospitals, diagnostic centres, medical equipment, and health-tech start-ups. With rising demand for quality healthcare, government initiatives like Ayushman Bharat, and increasing insurance penetration, the sector is set for continued expansion. However, it also faces challenges like regulatory compliance, complex tax structures, financing hurdles, rising costs, and the need for robust governance.
At Mangesh Kadam & Associates, we provide specialized financial, compliance, and advisory support to hospitals, diagnostic centres, clinics, and healthcare start-ups to ensure sustainable growth and transparent operations.
Key Challenges & How We Help
Regulatory & Licensing Compliance
Challenge
Hospitals and healthcare institutions must comply with multiple regulations such as NABH accreditation, biomedical waste rules, state health authority licensing, insurance empanelment requirements, and data privacy laws. Delays or lapses in these compliances can attract penalties, loss of accreditation, or denial of insurance claims.
Our Role
We provide end-to-end support in regulatory compliances, clinical audits and structured documentation. Our proactive compliance approach reduces risks of penalties, safeguards institutional reputation, and ensures smoother interactions with insurance providers and regulators.
Healthcare Project Financing & Expansion
Challenge
Setting up hospitals, diagnostic centres, or speciality clinics requires heavy capital investment in infrastructure, equipment, and technology. Long gestation periods, delayed patient inflows, and difficulties in accessing low-cost funding create financial stress.
Our Role
We assist with preparation of detailed project reports (DPRs), feasibility studies, and financial modelling for expansion projects. We also help in securing bank loans, subsidies, and structured financing solutions, ensuring better capital structuring and smoother project execution.
Cost Management & Profitability
Challenge
Rising manpower costs, expensive medical equipment, consumables, and high operational overheads reduce profitability margins. Lack of structured costing and MIS systems makes it difficult for management to track revenue leakages and cost overruns.
Our Role
We design robust costing systems, perform cost audits, and establish MIS reporting frameworks. By identifying inefficiencies and benchmarking against industry norms, we help healthcare providers improve pricing, optimize resource utilization, and achieve sustainable profitability.
Risk Management & Fraud Control
Challenge
Risks such as insurance frauds, duplicate billing, pilferage of consumables, and revenue leakages are common in the healthcare sector. Weak internal controls and unmonitored processes increase vulnerability to frauds and reputational damage.
Our Role
Through internal audits, billing process reviews, and fraud risk assessments, we establish effective control systems. Our SOPs enhance accountability, strengthen internal governance, and reduce financial and operational risks.
Income Tax & GST Compliance
Challenge
Healthcare institutions face issues such as applicability of GST on ancillary services, disallowance of input credits, complex TDS deductions on doctors’ fees, and income tax scrutiny for hospitals and medical professionals. Wrong tax positions can invite disputes and unnecessary litigation.
Our Role
We handle GST advisory, reconciliations, TDS compliances, income tax planning, and audit support for hospitals and healthcare professionals. Our approach ensures tax efficiency, reduces litigation exposure, and enables smooth statutory compliance.
Inventory & Asset Management
Challenge
Hospitals and diagnostic centres deal with high-value medical equipment, consumables, drugs, and implants. Weak asset tracking and inventory controls often lead to pilferage, mismanagement, and incorrect accounting.
Our Role
Why Choose Us for the Healthcare Industry
Specialized Healthcare Knowledge
Years of experience in working with hospitals, diagnostic centres, and healthcare start-ups. Our solutions are tailored to industry-specific regulatory and financial requirements.
End-to-End Financial & Compliance Support
From project financing to GST, TDS, and income tax compliance, we provide a one-stop solution for healthcare institutions.
Profitability & Growth Advisory
We go beyond compliance by enabling efficiency, cost control, and financial modelling to help healthcare providers expand profitably.
Trust, Transparency & Governance
Our strong audit and internal control frameworks enhance patient trust, investor confidence, and long-term sustainability.