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Archive for the ‘regulatory norms’ Category

Service tax for hospitals

Monday, July 26th, 2010

New Service Tax Notification No. 24/2010-Service Tax dated 22.06.2010 

The Central Government has introduced service tax on cashless services in Hospitals & Nursing Homes for Health checkups & treatments w.e.f 01.07.2010 as per Notification No. 24/2010-service Tax dated 22.06.2010.

Keeping in mind the above, hospitals will henceforth be required to add service Tax @ 10.3 % to the hospital bill on all bills for cashless treatment generated on or after 1st July, 2010.

Since service Tax liability will be borne by the Insurance Company, the amount towards service tam will be authorized by the insurance provider as a part of the Authorization Letter amount.

Our updated release for Insurance management is fully compliant with the new regulations.

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Off the shelf vs custom software for your hospital

Tuesday, April 29th, 2008
Worldwide statistics

31% of software projects cancelled before completed
53% of projects cost 189% of their original estimates
16% of software projects completed on time and within budget

How long would it take an 8 member experienced team consisting of designer, developers testers and R&D engineers to build a 20 module Hospital Software. A conservative estimate would be 2 years.
 
Risks include attrition, change in government laws, technology updates, inflation, cost escalation and unclear and changing requirements.
 

We are in the business of providing ready to use, cost saving software solutions for hospitals and nursing homes in India (Kerala, Tamil Nadu, Karnataka)

 
Advantages of using HIS from Software Associates
  • The value assimilated through co-creation is priceless.
  • Best practices of hospital administration / management captured in every business cycle.
  • Product undergone multiple financial year cycles to plug loopholes in the system.
  • Only installation, configuration and training to be completed. Online in less than 30 days.
  • Large repository of tested financial, inventory and administrative reporting formats available.
  • Handled by people who have deep understanding about the industry practices.
  • No need to worry about people turnover within the software organisation.
  • Would not cost you an arm and a leg to install and run the hospital management software.
  • Continuous product updates, hence protected from technology obsolesce.
  • Protection from change in regulatory norms.
  • Tried and tested technologies. Guaranteed success.
  • No licensing needed for server operating system or relational database.
  • No risk of yours being yet another never ending project
  • Fixed budgets – no unplanned financial commitments.
  • Deep insight into patient stay and satisfaction matrics
  • Measured benefits / ROI

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