Amrit Pal Singh
Founder & CEO, hospitalforsalelease.com

Great ideas are often born out of necessity and the need of the hour is not to build new hospitals with massive loans and investment but to buy/lease distressed hospitals available worldwide, says Amrit Pal Singh, Founder & CEO, hospitalforsalelease.com, an idea whose time has arrived.

Every story thats worth telling needs to be said “ especially when it has the potential to incite human ingenuity to innovate for the public good. The healthcare sector today is on the cusp of transition, which tends to rely heavily on the wealth of ideas to trigger change.

While not all new concepts may stand the test of time, some pioneering ideas are powerful enough to alter the course of the healthcare sector, impacting lives of billions of people in the process.

hospitalforsalelease.com is one such idea that is as close as it can get to being enterprising.

Underlying this idea is the will of Amrit Pal Singh, Founder and CEO, hospitalforsalelease. com to make an impact in the life of patients worldwide by making a win-win approach for hospitals and investors.

Launched on 26th January 2017, hospitalforsalelease. com is already creating disruptive ripples across the global healthcare industry. But like many trailblazing ideas, this too derives its strengths from personal experiences of Singh which made him find a solution to the plight of patients as well as hospitals across the world.

My mother was diagnosed with breast cancer, stage 1, by a leading corporate hospital. When we told them to start the treatment, we were informed there were no hospital beds available for the next three months. Reason being my mother was an ECHS empanelled patient, says Singh.

Singh had no option but to go for alternative medical treatment. Those doctors kept treating my mother for the next one year with absolute confidence and guaranteed results.

But when her condition started deteriorating, she was rushed back to the corporate hospital, and now after diagnosis, they declared that she was in the last stage of cancer and they must start the treatment to save her life.

The hospital immediately admitted her, did chemotherapy and all other treatments. However, after one and a half month of being admitted to the hospital, she died. I was in a shock that even after paying a huge amount for medication, treatment and ICU admission she died in just one and a half month because that corporate hospital gave us hope that things were improving daily, Singh adds.

The above incident and also when I saw the plight of patients undergoing unwanted lab tests, ICU admissions, expensive medications, unwanted surgeries, unwanted implants in the body, huge patient bills and unwanted medical insurance claims, I was disturbed, says Singh.

During his association with the top management in the healthcare industry for business development, Singh started to develop marketing teams for some of the leading corporate hospitals, and it was then the reality sank in. He began connecting the dots, and soon the big picture started emerging, clearing all the doubts that fogged his mind ever since he lost his mother. The bed manager of a hospital allocates the beds to patients who can earn the highest revenue that day. Preference is for cash patients at high income than empanelled patient at credit and less revenue, due to which less number of beds is allocated for empanelled patients. If the hospital would have given her the hospital bed and started her treatment when she was diagnosed with stage 1 breast cancer, she would have been alive today. What happened with my mother and me, I do not want that to happen to anyone else, he says.

At the same time, he also saw the plight of hospitals and their management under considerable stress and in massive financial losses — forcing them to take patients for a ride.

This is illustrated here https://www.youtube.com/watch?v=2QgsPUXwLKs

Singh kept thinking what can be done to bring a change in the healthcare industry to fix this problem worldwide and after pondering over a solution to fix the problem, he came up with the unique idea of hospitalforsalelease.com

The biggest challenge was to understand the pain areas of the hospital management in running their facility profitably.

Various challenges like soaring infrastructure costs, medical equipment costs, staff challenges, evolving healthcare compliances and fewer patient walk-ins have pushed many hospitals out of business, Singh observes.

The ROI doesnt happen as projected while taking massive loans to set up the new hospital and revenue shortfalls severely impact the income of the business. The hospital management is subjected to high stress and pressure, often leading to bankruptcy, he adds.

For Singh, the remedy was to help out hospitals on the verge of failure as business enterprises and find a win-win solution for both the hospital management struggling to cope with rising costs without compromising on good patient care.

Our portal has a global reach, and it is unique in the sense that hospitals and investors worldwide are registered on a single platform, 24×7. It has complete confidentiality as the database is encrypted and secured; registration is free, and no brokerage charges. You can close the deal directly offline amongst yourself

The need of the hour is not to build a new hospital with massive loans and investment but to buy/lease a distressed hospital available worldwide. Hence, an investor gets a ready hospital, staff, infrastructure, medical equipment, and existing patient flow which he can upgrade soon enough with a minimum investment as compared to building a new hospital, says Singh.

Now since the investment is the least as compared to building a new hospital, there is no need for the hospital investor to set up huge revenue targets for everyone in the hospital and focus is on providing ethical treatment to the patients with complete transparency. It will result in a win-win situation for both the hospitals and patients, he adds which is explained in the video https://www.youtube. com/watch?v=_Kx44O3fXgo&t=4s

According to Singh, hospitalforsalelease.com gives a global platform to investors and hospitals to collaborate to grow together.

Our portal has a global reach, and it is unique in the sense that hospitals and investors worldwide are registered on a single platform, 24×7. It has complete confidentiality as the database is encrypted and secured; registration is free, and no brokerage charges. You can close the deal directly offline amongst yourself, says Singh.

Besides improving the operational efficiency of hospitals, hospital for sale lease facilitates leasing out expensive medical equipment to hospitals.

Now you can register your hospital for free on the website for sale/ lease and find investors worldwide. Also, investors can now contact the hospital owners directly and negotiate the deal directly at 0% brokerage charges.

Let us bring a change in the healthcare industry by spreading this idea worldwide.

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