What is a fractional Chief Business Officer?
A senior business head who works in your Hospital for part of the time, instead of full time. In the Advisory I set the targets with you, sit in the meetings where decisions are taken and work is reviewed, and work with your team until the targets are reached.
How is this different from hiring a full time Chief Business Officer?
You get someone who has already run the business side of a Hospital, without the months of searching, the full salary, the ESOPs or the risk of a wrong hire. The targets, the review system and the documents stay inside your Hospital.
I already have a COO or a business head. Is this still useful?
Yes. The Advisory works beside them, not over them. They get a senior person to work with on the decisions they cannot take alone, and you get one set of numbers from both of us.
Who is in the meetings?
You, your HODs and your marketing agencies, depending on what is being decided. Which meetings I sit in, and how often, depends on what your Hospital needs and the outcomes we agree.
Do you promise that the targets will be reached?
No outcome is promised or guaranteed. The targets are set with you, and I work with your team every month to reach them. What the Hospital earns depends on your Hospital, your team and how the plan is carried out.
How long does it run?
It is set up for a year, because structural change in a Hospital takes more than a quarter. You review it with me along the way, and you decide whether it continues.
Does it include the training, the marketing and the technology work?
No. Those are separate services, scoped on their own. The Advisory can direct them, and any good team can carry out what is decided, because your Hospital owns every document.
What does it cost?
The fee depends on what your Hospital needs and the outcomes we agree, so it is discussed directly and not published. The first conversation costs nothing.
Do you work outside Bangalore?
Yes. I am based in Bengaluru and work with Doctor-owned Clinics and Hospitals in cities across India.