Health + Wellness: The Importance of Keeping Costs Down in a New Healthcare Business

Like any other business, healthcare businesses are focused on managing and reducing costs. Often, healthcare business owners and leaders are trying to find some form of financial predictability in an industry that can often be anything but predictable. Finding the right balance between cost and delivering a positive patient experience is difficult. While cost reduction strategies are important, it’s also crucial for healthcare companies to ensure that patient health is the top priority. Various cost reduction strategies can be used within the healthcare industry to reduce expenses while ensuring that positive patient outcomes are maintained.

Why Reducing Costs is Important

Healthcare businesses are like any other business in that they will have a financial problem when expenses exceed revenue. Many healthcare companies have focused on revenue for so long that they have lost sight of unnecessary costs brought about by high technology and labour expenses, supply waste, and inefficiently using resources. Reducing costs allows healthcare companies to invest more in providing better care and focus on positive patient or client outcomes. 

Find the Right Supplier

Most healthcare businesses need to work with a supplier, either to purchase products for resale to customers, such as medical devices, or for essential supplies for the use in treatment of patients and clients. The suppliers that you choose can have a direct impact on your company, so it’s important to shop around for a supplier that is trustworthy, offers the products that you need, and has systems in place to protect your business. In the UK, medical-supermarket.com offers products from various medical brands and is a trusted supplier of equipment to GP surgeries, care homes, and other healthcare businesses.

Continue Reading

Christmas Gift Ideas 2016: Life Saver Watch From LoveHopeFaith Group {LHF}

Gift-giving takes on a whole new meaning if you intentionally give items that do not only warm the hearts of the recipients but also make a difference in someone’s life, especially those who need it the most. This is the beautiful story behind what I will share with you today ~ LoveHopeFaithGroup’s Life Saver Watch.

mum for a cause, announcement, tips and tricks, products, gift ideas, Christmas gift ideas

In line with LoveHopeFaith Group‘s commitment to provide affordable and quality products while giving back to the community, they have recently released the latest version of its sought-after Life Save Watch. Apart from the Japan Movement technology, water-resistant features, the version 3.0 also comes in 10 trendy colors, including Black, White, Gray, Mint, Navy, Blue, Army Green, Red, Purple, Pink, and Brown. It is also available in big and small sizes. Each Life Saver Watch costs only Php250 and 50% of the net proceeds are donated to LoveHopeFaith’s beneficiaries who are primarily children with cancer. Their other beneficiaries include: Tahanan Sta. Lucia {a crisis intervention for street children} and Tahanan Carmela D’Amor {a center for abandoned children managed by the Sisters of the Divine Zeal}.

mum for a cause, announcement, tips and tricks, products, gift ideas, Christmas gift ideas

Other LHF products such as the Life Saver Shirt {Php250, available in various sizes in colors Black and White}, Live Save Bag {Php300, available in Black}, and Chocolate Library also continue to donate half of its proceeds to LHF beneficiaries.

LHF products are available at LoveHopeFaith Gift Shop located at #36 Anonas Street, Barangay Quirino 2B, Project 2, Quezon City. They are open from Mondays ~ Fridays at 9am-5.30pm, except on holidays. Bazaar and other event schedule is posted at LHF Facebook Page and on Instagram. You may also order through SMS by using this format: Name/Order {include item, size, colors/variant, and quantity/Your Shipping Address. Send your text to 0917.888.4516 and 0922.874.0334. Shipping fee starts at Php80 {for Metro Manila deliveries} and Php150 {for provincial deliveries} depending on the weight of your orders.

LoveHopeFaith in a nutshell

 

 

LoveHopeFaith {LHF}  is an all-Filipino social enterprise that was founded as an instrument to provide care and assistance to a cancer patient. . Fifty percent of the net proceeds from the purchases of LHF products are donated to its causes. As the business grew, LHF was able to add non-profit institutions to its list of beneficiaries. For more information, visit their website, www.lovehopefaithgroup.com. Follow them on Facebook: facebook.com/lovehopefaith.group and Instagram: instagram.com/lovehopefaithgroup. You may also reach them through mobile: 0917.8884516 and 09228740334, or email: il.lovehopefaith.group@gmacom.

Continue Reading