Apollo Hospitals, India's largest healthcare chain has roped in external consultants to frame rules and functions for members in the top management team.
"The purpose is there will be no ambiguity about who gets what. I think we won't have to worry about who is going to fight for what," managing director Suneeta Reddy said in an interview.
Medical Tourism-The Road Ahead
Medical Tourism has become a serious enterprise in India over the last two years. However some hospitals have been practicing it for quite a few years.
Advertisement
Last year, founder-chairman Prathap C Reddy, 83, prompted the company's first succession round with definite paths for his four daughters. His eldest, Preetha Reddy, 57, was most likely to succeed him. The organisation re-designated Preetha and Shobana Kamineni as executive vice-chairpersons, Suneeta Reddy, the second-eldest, as managing director, and Sangita Reddy, the youngest, as joint MD.
"They have all come to a stage where their future at Apollo has to be defined. It is important for us to groom them in the Apollo way and give them a path ahead", Suneeta Reddy said. "The other purpose this will serve is the investors and shareholders in Apollo to have a clear view of the management structure. This will build trust."
![Has the White Coat Lost Its Meaning in the Hospitals?]( "Has the White Coat Lost Its Meaning in the Hospitals?")
Are doctors going to dump the white coat in favor of business suits? What does infection have to do with white coats?
The company's management also broke down the global CEO position into four smaller ones last year. "You cannot have one person responsible for clinical outcomes, doctor recruitment, revenue and so many functions. We want to make sure these investments do well, and the current structure is the right fit," she said.
Arvind Singhal, Chairman, Technopak Advisors, a management consultancy that has both family-run business and board-oriented firms as clients, said many businesses of the 60s and 70s went down because they did not have internal family charters. "Without guiding principles, the siblings tend to fight bitterly over which direction the company is headed."
Singhal said, "Family constitutions such as the one Apollo is drafting help avoid disputes to a large extent, but these may not hold good for generations as dynamic business environments may call for periodic reviews in the constitution."
Source: Medindia
Has the White Coat Lost Its Meaning in the Hospitals?
Are doctors going to dump the white coat in favor of business suits? What does infection have to do with white coats?
Advertisement
The company's management also broke down the global CEO position into four smaller ones last year. "You cannot have one person responsible for clinical outcomes, doctor recruitment, revenue and so many functions. We want to make sure these investments do well, and the current structure is the right fit," she said.
Arvind Singhal, Chairman, Technopak Advisors, a management consultancy that has both family-run business and board-oriented firms as clients, said many businesses of the 60s and 70s went down because they did not have internal family charters. "Without guiding principles, the siblings tend to fight bitterly over which direction the company is headed."
Singhal said, "Family constitutions such as the one Apollo is drafting help avoid disputes to a large extent, but these may not hold good for generations as dynamic business environments may call for periodic reviews in the constitution."
Source: Medindia
Asia-Pacific's First Center for Excellence in Robotics in Medical Sector Inaugurated in Kerala, India
Asia-Pacific's first Center for Excellence in Robotics in medical sector was formally inaugurated by Kerala Chief Minister Oommen Chandy on Monday.
Advertisement
Advertisement
|
Advertisement
Latest Corporate News
The first World Health Organisation (WHO)/ International Labour Organisation (ILO) joint global monitoring report shows that more action is needed to ensure healthier, safer, more resilient, and more social workplaces.
Successful career transitions could be possible when people leverage their existing skills in the new occupation. A new Artificial Intelligence tool helps employees figure out the right job according to their current skill set.
AI and big data rule the pharmaceutical sector by enhancing the drug development process and increasing the marketing and sales of drugs
Insurance companies in the US are working towards adding food to their coverage menu to improve the people's health under their coverage and cut hospital costs.
Pharmaceutical companies need to make strategic decisions that will provide financial benefit while showing strong commitment to global health and their patients during the pandemic.
