WEBVTT 00:00:10.679 --> 00:00:13.190 align:start position:0% so<00:00:11.000> what<00:00:11.160> we<00:00:11.360> intend<00:00:11.679> to<00:00:11.840> do<00:00:12.200> over<00:00:12.440> the<00:00:12.639> next<00:00:13.080> uh 00:00:13.190 --> 00:00:13.200 align:start position:0% so what we intend to do over the next uh 00:00:13.200 --> 00:00:16.269 align:start position:0% so what we intend to do over the next uh 40<00:00:13.559> to<00:00:13.759> 45<00:00:14.360> minutes<00:00:14.920> is<00:00:15.080> to<00:00:15.320> cover<00:00:15.639> an<00:00:15.839> area 00:00:16.269 --> 00:00:16.279 align:start position:0% 40 to 45 minutes is to cover an area 00:00:16.279 --> 00:00:18.630 align:start position:0% 40 to 45 minutes is to cover an area which<00:00:16.480> as<00:00:16.600> I<00:00:16.760> said<00:00:17.480> is<00:00:17.680> of<00:00:18.160> critical 00:00:18.630 --> 00:00:18.640 align:start position:0% which as I said is of critical 00:00:18.640 --> 00:00:22.029 align:start position:0% which as I said is of critical importance<00:00:19.439> when<00:00:19.920> uh<00:00:20.160> you<00:00:20.320> are<00:00:20.519> training<00:00:21.439> as<00:00:21.560> a 00:00:22.029 --> 00:00:22.039 align:start position:0% importance when uh you are training as a 00:00:22.039 --> 00:00:24.230 align:start position:0% importance when uh you are training as a you<00:00:22.160> know<00:00:22.320> healthcare<00:00:22.800> administrator<00:00:23.800> or 00:00:24.230 --> 00:00:24.240 align:start position:0% you know healthcare administrator or 00:00:24.240 --> 00:00:25.990 align:start position:0% you know healthcare administrator or even<00:00:24.480> wanting<00:00:24.840> to<00:00:25.080> set<00:00:25.279> up<00:00:25.480> your<00:00:25.680> own 00:00:25.990 --> 00:00:26.000 align:start position:0% even wanting to set up your own 00:00:26.000 --> 00:00:28.269 align:start position:0% even wanting to set up your own establishment<00:00:26.720> in<00:00:26.840> the<00:00:27.000> future<00:00:27.960> or<00:00:28.119> are 00:00:28.269 --> 00:00:28.279 align:start position:0% establishment in the future or are 00:00:28.279 --> 00:00:30.870 align:start position:0% establishment in the future or are running<00:00:28.640> your<00:00:28.800> own<00:00:29.039> establishment<00:00:29.640> currently 00:00:30.870 --> 00:00:30.880 align:start position:0% running your own establishment currently 00:00:30.880 --> 00:00:33.549 align:start position:0% running your own establishment currently uh<00:00:31.000> in<00:00:31.160> terms<00:00:31.679> of<00:00:32.119> uh<00:00:32.480> how<00:00:32.640> do<00:00:32.840> you<00:00:33.320> uh 00:00:33.549 --> 00:00:33.559 align:start position:0% uh in terms of uh how do you uh 00:00:33.559 --> 00:00:35.990 align:start position:0% uh in terms of uh how do you uh effectively<00:00:34.160> manage<00:00:34.520> it<00:00:35.040> in<00:00:35.200> terms<00:00:35.520> of 00:00:35.990 --> 00:00:36.000 align:start position:0% effectively manage it in terms of 00:00:36.000 --> 00:00:38.350 align:start position:0% effectively manage it in terms of financial<00:00:36.559> management<00:00:37.480> and<00:00:37.680> ensuring<00:00:38.200> the 00:00:38.350 --> 00:00:38.360 align:start position:0% financial management and ensuring the 00:00:38.360 --> 00:00:41.869 align:start position:0% financial management and ensuring the viability<00:00:39.040> of<00:00:39.719> any<00:00:40.000> good<00:00:41.000> you<00:00:41.079> know<00:00:41.280> Hospital 00:00:41.869 --> 00:00:41.879 align:start position:0% viability of any good you know Hospital 00:00:41.879 --> 00:00:45.069 align:start position:0% viability of any good you know Hospital division<00:00:42.800> or<00:00:43.280> the<00:00:43.520> area<00:00:43.920> that<00:00:44.160> is<00:00:44.320> under<00:00:44.600> your 00:00:45.069 --> 00:00:45.079 align:start position:0% division or the area that is under your 00:00:45.079 --> 00:00:47.549 align:start position:0% division or the area that is under your control<00:00:46.079> now<00:00:46.239> we<00:00:46.360> know<00:00:46.600> that<00:00:46.920> since<00:00:47.120> a<00:00:47.239> lot<00:00:47.399> of 00:00:47.549 --> 00:00:47.559 align:start position:0% control now we know that since a lot of 00:00:47.559 --> 00:00:50.270 align:start position:0% control now we know that since a lot of you<00:00:47.760> would<00:00:47.960> be<00:00:48.440> medical<00:00:49.000> professionals<00:00:50.000> uh<00:00:50.120> we 00:00:50.270 --> 00:00:50.280 align:start position:0% you would be medical professionals uh we 00:00:50.280 --> 00:00:53.510 align:start position:0% you would be medical professionals uh we are<00:00:50.960> uh<00:00:51.480> by<00:00:51.680> training<00:00:52.120> not<00:00:52.359> taught<00:00:52.800> much<00:00:53.160> about 00:00:53.510 --> 00:00:53.520 align:start position:0% are uh by training not taught much about 00:00:53.520 --> 00:00:56.029 align:start position:0% are uh by training not taught much about financial<00:00:54.120> management<00:00:55.120> uh<00:00:55.280> in<00:00:55.440> fact<00:00:55.760> right 00:00:56.029 --> 00:00:56.039 align:start position:0% financial management uh in fact right 00:00:56.039 --> 00:00:59.270 align:start position:0% financial management uh in fact right after<00:00:56.440> class<00:00:56.800> 10th<00:00:57.800> um<00:00:58.039> you<00:00:58.199> know<00:00:58.359> many<00:00:58.600> of<00:00:58.800> us 00:00:59.270 --> 00:00:59.280 align:start position:0% after class 10th um you know many of us 00:00:59.280 --> 00:01:02.630 align:start position:0% after class 10th um you know many of us who<00:00:59.440> have<00:00:59.800> uh<00:01:00.359> who<00:01:00.600> who<00:01:00.800> have<00:01:01.199> dreaded<00:01:01.840> maths 00:01:02.630 --> 00:01:02.640 align:start position:0% who have uh who who have dreaded maths 00:01:02.640 --> 00:01:04.910 align:start position:0% who have uh who who have dreaded maths and<00:01:02.800> left<00:01:03.079> it<00:01:03.879> and<00:01:04.159> then<00:01:04.360> chose<00:01:04.720> one 00:01:04.910 --> 00:01:04.920 align:start position:0% and left it and then chose one 00:01:04.920 --> 00:01:07.070 align:start position:0% and left it and then chose one particular<00:01:05.360> stream<00:01:06.360> uh<00:01:06.479> thinking<00:01:06.799> that<00:01:06.960> we 00:01:07.070 --> 00:01:07.080 align:start position:0% particular stream uh thinking that we 00:01:07.080 --> 00:01:08.749 align:start position:0% particular stream uh thinking that we would<00:01:07.280> never<00:01:07.560> have<00:01:07.680> to<00:01:07.960> look<00:01:08.119> at<00:01:08.320> numbers 00:01:08.749 --> 00:01:08.759 align:start position:0% would never have to look at numbers 00:01:08.759 --> 00:01:11.990 align:start position:0% would never have to look at numbers again<00:01:09.439> are<00:01:09.680> in<00:01:09.880> for<00:01:10.080> a<00:01:10.280> rude<00:01:10.840> shock<00:01:11.360> because<00:01:11.840> if 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align:start position:0% administrator numbers are going to be sacran<00:01:20.520> and<00:01:20.960> financial<00:01:21.479> performance<00:01:22.360> is 00:01:22.550 --> 00:01:22.560 align:start position:0% sacran and financial performance is 00:01:22.560 --> 00:01:24.910 align:start position:0% sacran and financial performance is going<00:01:22.720> to<00:01:22.880> be<00:01:23.079> key<00:01:23.799> again<00:01:24.520> there<00:01:24.680> is<00:01:24.799> a 00:01:24.910 --> 00:01:24.920 align:start position:0% going to be key again there is a 00:01:24.920 --> 00:01:27.469 align:start position:0% going to be key again there is a misnomer<00:01:25.759> that<00:01:26.119> financial<00:01:26.600> performance<00:01:27.159> only 00:01:27.469 --> 00:01:27.479 align:start position:0% misnomer that financial performance only 00:01:27.479 --> 00:01:29.789 align:start position:0% misnomer that financial performance only matters<00:01:27.960> in<00:01:28.079> the<00:01:28.280> private<00:01:28.640> Health<00:01:28.960> System<00:01:29.640> uh 00:01:29.789 --> 00:01:29.799 align:start position:0% matters in the private Health System uh 00:01:29.799 --> 00:01:31.789 align:start position:0% matters in the private Health System uh this<00:01:29.960> this<00:01:30.040> is<00:01:30.200> not<00:01:30.400> true<00:01:31.119> uh<00:01:31.280> financial 00:01:31.789 --> 00:01:31.799 align:start position:0% this this is not true uh financial 00:01:31.799 --> 00:01:34.230 align:start position:0% this this is not true uh financial management<00:01:32.360> and<00:01:32.560> good<00:01:32.799> financial<00:01:33.280> management 00:01:34.230 --> 00:01:34.240 align:start position:0% management and good financial management 00:01:34.240 --> 00:01:36.429 align:start position:0% management and good financial management uh<00:01:34.360> is<00:01:34.479> the<00:01:34.680> Keystone<00:01:35.200> of<00:01:35.360> a<00:01:35.520> good<00:01:35.880> hospital 00:01:36.429 --> 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align:start position:0% in the not for-profit space uh and even 00:01:44.079 --> 00:01:46.670 align:start position:0% in the not for-profit space uh and even Allied<00:01:44.520> Health<00:01:44.840> space<00:01:45.200> so<00:01:45.759> uh<00:01:46.000> this<00:01:46.119> is<00:01:46.439> very 00:01:46.670 --> 00:01:46.680 align:start position:0% Allied Health space so uh this is very 00:01:46.680 --> 00:01:49.030 align:start position:0% Allied Health space so uh this is very important<00:01:47.600> but<00:01:47.719> I<00:01:47.840> do<00:01:48.040> have<00:01:48.159> some<00:01:48.360> good<00:01:48.520> news 00:01:49.030 --> 00:01:49.040 align:start position:0% important but I do have some good news 00:01:49.040 --> 00:01:51.310 align:start position:0% important but I do have some good news we<00:01:49.159> will<00:01:49.320> not<00:01:49.520> be<00:01:49.719> looking<00:01:50.040> at<00:01:50.200> any<00:01:50.439> numbers<00:01:51.200> we 00:01:51.310 --> 00:01:51.320 align:start position:0% we will not be looking at any numbers we 00:01:51.320 --> 00:01:54.510 align:start position:0% we will not be looking at any numbers we will<00:01:51.479> be<00:01:51.680> discussing<00:01:52.520> Concepts<00:01:53.520> uh<00:01:53.759> and<00:01:54.200> given 00:01:54.510 --> 00:01:54.520 align:start position:0% will be discussing Concepts uh and given 00:01:54.520 --> 00:01:57.510 align:start position:0% will be discussing Concepts uh and given that<00:01:54.719> the<00:01:54.920> time<00:01:55.159> is<00:01:55.600> only<00:01:55.920> about<00:01:56.159> 1<00:01:56.399> hour<00:01:57.240> um<00:01:57.439> I 00:01:57.510 --> 00:01:57.520 align:start position:0% that the time is only about 1 hour um I 00:01:57.520 --> 00:02:00.550 align:start position:0% that the time is only about 1 hour um I will<00:01:57.719> cover<00:01:58.039> a<00:01:58.360> a<00:01:58.560> broad<00:01:59.240> uh<00:01:59.360> sede<00:02:00.000> of<00:02:00.200> topics 00:02:00.550 --> 00:02:00.560 align:start position:0% will cover a a broad uh sede of topics 00:02:00.560 --> 00:02:02.709 align:start position:0% will cover a a broad uh sede of topics on<00:02:00.759> financial<00:02:01.200> management<00:02:02.119> as<00:02:02.200> you<00:02:02.360> know<00:02:02.600> this 00:02:02.709 --> 00:02:02.719 align:start position:0% on financial management as you know this 00:02:02.719 --> 00:02:05.270 align:start position:0% on financial management as you know this is<00:02:02.960> a<00:02:03.159> subject<00:02:03.560> that<00:02:03.759> can<00:02:04.240> be<00:02:04.439> delivered<00:02:04.960> over 00:02:05.270 --> 00:02:05.280 align:start position:0% is a subject that can be delivered over 00:02:05.280 --> 00:02:07.429 align:start position:0% is a subject that can be delivered over an<00:02:05.479> entire<00:02:05.880> semester<00:02:06.560> so<00:02:06.759> I<00:02:06.840> would<00:02:07.159> strongly 00:02:07.429 --> 00:02:07.439 align:start position:0% an entire semester so I would strongly 00:02:07.439 --> 00:02:09.869 align:start position:0% an entire semester so I would strongly urge<00:02:07.719> you<00:02:08.640> some<00:02:08.800> of<00:02:08.959> the<00:02:09.119> principles<00:02:09.640> that<00:02:09.759> you 00:02:09.869 --> 00:02:09.879 align:start position:0% urge you some of the principles that you 00:02:09.879 --> 00:02:12.270 align:start position:0% urge you some of the principles that you see<00:02:10.160> in<00:02:10.319> the<00:02:10.520> in<00:02:10.640> the<00:02:10.800> slides<00:02:11.239> here<00:02:11.720> please<00:02:12.000> do 00:02:12.270 --> 00:02:12.280 align:start position:0% see in the in the slides here please do 00:02:12.280 --> 00:02:14.750 align:start position:0% see in the in the slides here please do go<00:02:12.440> and<00:02:12.640> read<00:02:12.879> up<00:02:13.080> in<00:02:13.239> your<00:02:13.400> own<00:02:13.680> time<00:02:14.200> on<00:02:14.519> those 00:02:14.750 --> 00:02:14.760 align:start position:0% go and read up in your own time on those 00:02:14.760 --> 00:02:17.229 align:start position:0% go and read up in your own time on those Concepts<00:02:15.280> I<00:02:15.360> will<00:02:15.640> just<00:02:16.239> give<00:02:16.440> you<00:02:16.599> a<00:02:16.760> broad 00:02:17.229 --> 00:02:17.239 align:start position:0% Concepts I will just give you a broad 00:02:17.239 --> 00:02:19.470 align:start position:0% Concepts I will just give you a broad overview<00:02:17.879> and<00:02:18.000> a<00:02:18.200> hint<00:02:18.760> of<00:02:18.959> what<00:02:19.120> those<00:02:19.319> would 00:02:19.470 --> 00:02:19.480 align:start position:0% overview and a hint of what those would 00:02:19.480 --> 00:02:21.790 align:start position:0% overview and a hint of what those would look<00:02:19.680> like<00:02:19.879> and<00:02:20.200> deep<00:02:20.519> dive<00:02:21.040> into<00:02:21.360> certain 00:02:21.790 --> 00:02:21.800 align:start position:0% look like and deep dive into certain 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00:02:33.990 align:start position:0% we discussed today so today's agenda for uh<00:02:31.879> for<00:02:32.120> this<00:02:32.319> session<00:02:33.200> uh<00:02:33.400> is<00:02:33.840> an 00:02:33.990 --> 00:02:34.000 align:start position:0% uh for this session uh is an 00:02:34.000 --> 00:02:35.869 align:start position:0% uh for this session uh is an introduction<00:02:34.519> to<00:02:34.720> financial<00:02:35.200> management<00:02:35.760> I 00:02:35.869 --> 00:02:35.879 align:start position:0% introduction to financial management I 00:02:35.879 --> 00:02:38.150 align:start position:0% introduction to financial management I gave<00:02:36.080> you<00:02:36.200> a<00:02:36.680> brief<00:02:37.040> Preamble<00:02:37.680> on<00:02:38.000> the 00:02:38.150 --> 00:02:38.160 align:start position:0% gave you a brief Preamble on the 00:02:38.160 --> 00:02:40.390 align:start position:0% gave you a brief Preamble on the importance<00:02:38.680> of<00:02:38.840> it<00:02:39.280> uh<00:02:39.599> in<00:02:39.680> my<00:02:39.879> opening 00:02:40.390 --> 00:02:40.400 align:start position:0% importance of it uh in my opening 00:02:40.400 --> 00:02:42.390 align:start position:0% importance of it uh in my opening remarks<00:02:41.400> we<00:02:41.519> will<00:02:41.760> then<00:02:41.920> look<00:02:42.080> at<00:02:42.239> the 00:02:42.390 --> 00:02:42.400 align:start position:0% remarks we will then look at the 00:02:42.400 --> 00:02:44.030 align:start position:0% remarks we will then look at the importance<00:02:42.760> of<00:02:42.920> financial<00:02:43.440> management<00:02:43.920> in 00:02:44.030 --> 00:02:44.040 align:start position:0% importance of financial management in 00:02:44.040 --> 00:02:46.589 align:start position:0% importance of financial management in the<00:02:44.239> hospital<00:02:44.680> setting<00:02:45.519> uh<00:02:45.640> because<00:02:46.280> as<00:02:46.400> we 00:02:46.589 --> 00:02:46.599 align:start position:0% the hospital setting uh because as we 00:02:46.599 --> 00:02:49.350 align:start position:0% the hospital setting uh because as we know<00:02:47.360> uh<00:02:47.519> for<00:02:47.800> us<00:02:48.239> what<00:02:48.360> is<00:02:48.560> important<00:02:49.000> is<00:02:49.120> to 00:02:49.350 --> 00:02:49.360 align:start position:0% know uh for us what is important is to 00:02:49.360 --> 00:02:52.470 align:start position:0% know uh for us what is important is to contextualize<00:02:50.080> it<00:02:50.519> to<00:02:51.120> hospitals<00:02:52.120> we<00:02:52.239> will 00:02:52.470 --> 00:02:52.480 align:start position:0% contextualize it to hospitals we will 00:02:52.480 --> 00:02:54.190 align:start position:0% contextualize it to hospitals we will also<00:02:52.760> then<00:02:52.920> look<00:02:53.120> at<00:02:53.319> some<00:02:53.519> theories<00:02:54.000> of 00:02:54.190 --> 00:02:54.200 align:start position:0% also then look at some theories of 00:02:54.200 --> 00:02:56.710 align:start position:0% also then look at some theories of financial<00:02:54.640> management<00:02:55.239> again<00:02:55.959> uh<00:02:56.159> as<00:02:56.360> we<00:02:56.519> are 00:02:56.710 --> 00:02:56.720 align:start position:0% financial management again uh as we are 00:02:56.720 --> 00:02:59.589 align:start position:0% financial management again uh as we are students<00:02:57.159> of<00:02:57.599> management<00:02:58.599> uh<00:02:58.760> and<00:02:59.159> lifelong 00:02:59.589 --> 00:02:59.599 align:start position:0% students of management uh and lifelong 00:02:59.599 --> 00:03:01.470 align:start position:0% students of management uh and lifelong stud<00:02:59.840> students<00:03:00.640> you<00:03:00.760> know<00:03:00.920> it<00:03:01.040> is<00:03:01.200> very 00:03:01.470 --> 00:03:01.480 align:start position:0% stud students you know it is very 00:03:01.480 --> 00:03:03.229 align:start position:0% stud students you know it is very important<00:03:02.120> that<00:03:02.280> we<00:03:02.760> understand<00:03:02.959> what<00:03:03.080> are 00:03:03.229 --> 00:03:03.239 align:start position:0% important that we understand what are 00:03:03.239 --> 00:03:06.190 align:start position:0% important that we understand what are the<00:03:03.360> underpinning<00:03:04.319> theoretical<00:03:05.200> Frameworks 00:03:06.190 --> 00:03:06.200 align:start position:0% the underpinning theoretical Frameworks 00:03:06.200 --> 00:03:08.190 align:start position:0% the underpinning theoretical Frameworks which<00:03:06.640> really<00:03:06.920> look<00:03:07.120> at<00:03:07.519> uh<00:03:07.640> financial 00:03:08.190 --> 00:03:08.200 align:start position:0% which really look at uh financial 00:03:08.200 --> 00:03:11.270 align:start position:0% which really look at uh financial management<00:03:08.760> as<00:03:08.879> it<00:03:09.120> exists<00:03:10.000> today<00:03:11.000> most 00:03:11.270 --> 00:03:11.280 align:start position:0% management as it exists today most 00:03:11.280 --> 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position:0% look at or attract or form the basis of sustainability<00:03:20.120> Financial<00:03:20.599> sustainability 00:03:21.509 --> 00:03:21.519 align:start position:0% sustainability Financial sustainability 00:03:21.519 --> 00:03:24.309 align:start position:0% sustainability Financial sustainability for<00:03:21.760> any<00:03:22.360> hospital<00:03:23.360> we<00:03:23.480> will<00:03:23.680> also<00:03:23.959> then<00:03:24.159> look 00:03:24.309 --> 00:03:24.319 align:start position:0% for any hospital we will also then look 00:03:24.319 --> 00:03:26.949 align:start position:0% for any hospital we will also then look at<00:03:24.599> three<00:03:24.959> very<00:03:25.280> important<00:03:26.280> uh<00:03:26.440> financial 00:03:26.949 --> 00:03:26.959 align:start position:0% at three very important uh financial 00:03:26.959 --> 00:03:29.229 align:start position:0% at three very important uh financial statements<00:03:27.599> and<00:03:27.879> this<00:03:28.159> is<00:03:28.640> an<00:03:28.799> important 00:03:29.229 --> 00:03:29.239 align:start position:0% statements and this is an important 00:03:29.239 --> 00:03:30.309 align:start position:0% statements and this is an important takeaway 00:03:30.309 --> 00:03:30.319 align:start position:0% takeaway 00:03:30.319 --> 00:03:32.350 align:start position:0% takeaway uh<00:03:30.480> which<00:03:30.599> I'll<00:03:30.840> touch<00:03:31.120> upon<00:03:31.599> we<00:03:31.720> will<00:03:31.920> look<00:03:32.120> at 00:03:32.350 --> 00:03:32.360 align:start position:0% uh which I'll touch upon we will look at 00:03:32.360 --> 00:03:34.270 align:start position:0% uh which I'll touch upon we will look at the<00:03:32.680> profit<00:03:32.959> and<00:03:33.159> loss<00:03:33.480> statement<00:03:34.000> we<00:03:34.080> will 00:03:34.270 --> 00:03:34.280 align:start position:0% the profit and loss statement we will 00:03:34.280 --> 00:03:36.429 align:start position:0% the profit and loss statement we will look<00:03:34.439> at<00:03:34.599> the<00:03:34.799> cash<00:03:35.000> flow<00:03:35.280> statement<00:03:36.040> and<00:03:36.200> we 00:03:36.429 --> 00:03:36.439 align:start position:0% look at the cash flow statement and we 00:03:36.439 --> 00:03:38.550 align:start position:0% look at the cash flow statement and we look<00:03:36.720> at<00:03:36.959> the<00:03:37.200> balance<00:03:37.560> sheet<00:03:37.879> so<00:03:38.120> these<00:03:38.360> three 00:03:38.550 --> 00:03:38.560 align:start position:0% look at the balance sheet so these three 00:03:38.560 --> 00:03:41.949 align:start position:0% look at the balance sheet so these three are<00:03:39.200> the<00:03:39.680> critical<00:03:40.680> uh<00:03:40.920> financial<00:03:41.400> statements 00:03:41.949 --> 00:03:41.959 align:start position:0% are the critical uh financial statements 00:03:41.959 --> 00:03:45.509 align:start position:0% are the critical uh financial statements that<00:03:42.519> as<00:03:42.799> you<00:03:43.400> prepare<00:03:43.959> for<00:03:44.280> a<00:03:44.480> career<00:03:45.200> in 00:03:45.509 --> 00:03:45.519 align:start position:0% that as you prepare for a career in 00:03:45.519 --> 00:03:47.350 align:start position:0% that as you prepare for a career in healthcare<00:03:46.040> administration<00:03:46.640> or<00:03:46.840> are<00:03:47.040> already 00:03:47.350 --> 00:03:47.360 align:start position:0% healthcare administration or are already 00:03:47.360 --> 00:03:49.750 align:start position:0% healthcare administration or are already in<00:03:47.519> it<00:03:48.120> uh<00:03:48.239> you<00:03:48.360> know<00:03:48.519> you<00:03:48.640> should<00:03:49.120> well<00:03:49.400> verse 00:03:49.750 --> 00:03:49.760 align:start position:0% in it uh you know you should well verse 00:03:49.760 --> 00:03:51.630 align:start position:0% in it uh you know you should well verse yourself<00:03:50.200> with<00:03:50.480> these<00:03:50.760> three<00:03:51.159> financial 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can look at what entrepreneurs those of 00:03:58.799 --> 00:04:01.390 align:start position:0% can look at what entrepreneurs those of you<00:03:59.040> who<00:03:59.280> have<00:03:59.439> a<00:04:00.000> to<00:04:00.159> do<00:04:00.720> something<00:04:01.040> on<00:04:01.239> your 00:04:01.390 --> 00:04:01.400 align:start position:0% you who have a to do something on your 00:04:01.400 --> 00:04:03.429 align:start position:0% you who have a to do something on your own<00:04:01.959> in<00:04:02.120> the<00:04:02.239> healthcare<00:04:02.680> space<00:04:02.959> I<00:04:03.200> strongly 00:04:03.429 --> 00:04:03.439 align:start position:0% own in the healthcare space I strongly 00:04:03.439 --> 00:04:05.910 align:start position:0% own in the healthcare space I strongly urge<00:04:03.640> you<00:04:03.760> to<00:04:03.920> do<00:04:04.079> it<00:04:04.840> what<00:04:05.000> could<00:04:05.239> you<00:04:05.560> look<00:04:05.760> at 00:04:05.910 --> 00:04:05.920 align:start position:0% urge you to do it what could you look at 00:04:05.920 --> 00:04:07.429 align:start position:0% urge you to do it what could you look at in<00:04:06.040> terms<00:04:06.280> of<00:04:06.439> financial<00:04:06.799> managements<00:04:07.319> what 00:04:07.429 --> 00:04:07.439 align:start position:0% in terms of financial managements what 00:04:07.439 --> 00:04:09.789 align:start position:0% in terms of financial managements what are<00:04:07.560> some<00:04:07.760> of<00:04:07.920> the<00:04:08.319> broad<00:04:08.879> principles<00:04:09.680> and 00:04:09.789 --> 00:04:09.799 align:start position:0% are some of the broad principles and 00:04:09.799 --> 00:04:11.949 align:start position:0% are some of the broad principles and then<00:04:09.920> I'll<00:04:10.120> briefly<00:04:10.599> as<00:04:10.680> I<00:04:10.799> said<00:04:11.000> touched<00:04:11.319> upon 00:04:11.949 --> 00:04:11.959 align:start position:0% then I'll briefly as I said touched upon 00:04:11.959 --> 00:04:14.390 align:start position:0% then I'll briefly as I said touched upon three<00:04:12.239> definitions<00:04:13.000> which<00:04:13.120> are<00:04:13.360> important<00:04:14.280> uh 00:04:14.390 --> 00:04:14.400 align:start position:0% three definitions which are important uh 00:04:14.400 --> 00:04:16.629 align:start position:0% three definitions which are important uh but<00:04:14.599> again<00:04:14.879> these<00:04:15.000> are<00:04:15.280> just<00:04:15.680> U<00:04:16.000> the<00:04:16.199> starting 00:04:16.629 --> 00:04:16.639 align:start position:0% but again these are just U the starting 00:04:16.639 --> 00:04:20.030 align:start position:0% but again these are just U the starting point<00:04:17.280> you<00:04:17.479> could<00:04:17.880> uh<00:04:18.120> as<00:04:19.000> as<00:04:19.479> depending<00:04:19.840> on 00:04:20.030 --> 00:04:20.040 align:start position:0% point you could uh as as depending on 00:04:20.040 --> 00:04:22.270 align:start position:0% point you could uh as as depending on how<00:04:20.280> much<00:04:20.840> in<00:04:21.079> depth<00:04:21.359> you<00:04:21.440> want<00:04:21.600> to<00:04:21.759> go<00:04:21.919> into 00:04:22.270 --> 00:04:22.280 align:start position:0% how much in depth you want to go into 00:04:22.280 --> 00:04:25.270 align:start position:0% how much in depth you want to go into this<00:04:22.800> subject<00:04:23.440> you<00:04:23.600> can<00:04:23.960> then<00:04:24.360> also<00:04:24.720> read<00:04:25.000> up 00:04:25.270 --> 00:04:25.280 align:start position:0% this subject you can then also read up 00:04:25.280 --> 00:04:27.150 align:start position:0% this subject you can then also read up on<00:04:25.479> some<00:04:25.639> of<00:04:25.840> those<00:04:26.080> definitions<00:04:26.560> in<00:04:26.720> more 00:04:27.150 --> 00:04:27.160 align:start position:0% on some of those definitions in more 00:04:27.160 --> 00:04:29.830 align:start position:0% on some of those definitions in more granular<00:04:27.880> detail<00:04:28.880> I<00:04:29.000> just<00:04:29.160> want<00:04:29.320> to<00:04:29.479> also<00:04:29.720> so 00:04:29.830 --> 00:04:29.840 align:start position:0% granular detail I just want to also so 00:04:29.840 --> 00:04:32.390 align:start position:0% granular detail I just want to also so for<00:04:30.120> warn<00:04:30.320> you<00:04:30.680> while<00:04:30.960> many<00:04:31.240> of<00:04:31.400> you<00:04:32.039> who<00:04:32.199> do 00:04:32.390 --> 00:04:32.400 align:start position:0% for warn you while many of you who do 00:04:32.400 --> 00:04:34.670 align:start position:0% for warn you while many of you who do not<00:04:32.600> come<00:04:32.840> from<00:04:33.360> the<00:04:33.639> financial<00:04:34.160> management 00:04:34.670 --> 00:04:34.680 align:start position:0% not come from the financial management 00:04:34.680 --> 00:04:37.390 align:start position:0% not come from the financial management background<00:04:35.479> might<00:04:35.759> worry<00:04:36.199> that<00:04:36.880> a<00:04:37.039> lack<00:04:37.240> of 00:04:37.390 --> 00:04:37.400 align:start position:0% background might worry that a lack of 00:04:37.400 --> 00:04:39.590 align:start position:0% background might worry that a lack of financial<00:04:38.199> management<00:04:38.720> training<00:04:39.080> or 00:04:39.590 --> 00:04:39.600 align:start position:0% financial management training or 00:04:39.600 --> 00:04:42.310 align:start position:0% financial management training or understanding<00:04:40.400> may<00:04:40.560> be<00:04:40.759> detrimental<00:04:41.759> in<00:04:42.199> uh 00:04:42.310 --> 00:04:42.320 align:start position:0% understanding may be detrimental in uh 00:04:42.320 --> 00:04:44.790 align:start position:0% understanding may be detrimental in uh your<00:04:42.680> success<00:04:43.199> as<00:04:43.360> a<00:04:43.560> hospital<00:04:43.960> administrator 00:04:44.790 --> 00:04:44.800 align:start position:0% your success as a hospital administrator 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professionals uh these<00:04:54.080> are<00:04:54.360> people<00:04:54.680> who<00:04:54.919> have<00:04:55.160> studied<00:04:56.080> uh 00:04:56.230 --> 00:04:56.240 align:start position:0% these are people who have studied uh 00:04:56.240 --> 00:04:58.990 align:start position:0% these are people who have studied uh economics<00:04:56.880> accountancy<00:04:57.600> and<00:04:57.800> other<00:04:58.080> subjects 00:04:58.990 --> 00:04:59.000 align:start position:0% economics accountancy and other subjects 00:04:59.000 --> 00:05:01.469 align:start position:0% economics accountancy and other subjects uh<00:04:59.160> and<00:04:59.759> are<00:04:59.880> best<00:05:00.080> suited<00:05:00.680> to<00:05:00.880> manage<00:05:01.320> the 00:05:01.469 --> 00:05:01.479 align:start position:0% uh and are best suited to manage the 00:05:01.479 --> 00:05:03.990 align:start position:0% uh and are best suited to manage the financial<00:05:01.960> affairs<00:05:02.280> of<00:05:02.400> a<00:05:02.560> company<00:05:03.039> but<00:05:03.759> as 00:05:03.990 --> 00:05:04.000 align:start position:0% financial affairs of a company but as 00:05:04.000 --> 00:05:05.990 align:start position:0% financial affairs of a company but as the<00:05:04.240> head<00:05:04.400> of<00:05:04.520> a<00:05:04.680> department<00:05:05.360> as<00:05:05.479> a<00:05:05.600> head<00:05:05.759> of<00:05:05.840> a 00:05:05.990 --> 00:05:06.000 align:start position:0% the head of a department as a head of a 00:05:06.000 --> 00:05:08.510 align:start position:0% the head of a department as a head of a function<00:05:06.400> as<00:05:06.520> a<00:05:06.639> head<00:05:06.800> of<00:05:06.880> a<00:05:07.080> hospital<00:05:08.080> or<00:05:08.280> an 00:05:08.510 --> 00:05:08.520 align:start position:0% function as a head of a hospital or an 00:05:08.520 --> 00:05:10.909 align:start position:0% function as a head of a hospital or an entrepreneur<00:05:09.520> you<00:05:09.720> can<00:05:09.960> rely<00:05:10.440> on<00:05:10.680> your 00:05:10.909 --> 00:05:10.919 align:start position:0% entrepreneur you can rely on your 00:05:10.919 --> 00:05:13.670 align:start position:0% entrepreneur you can rely on your finance<00:05:11.400> department<00:05:11.840> to<00:05:12.039> offer<00:05:12.320> you<00:05:13.120> uh<00:05:13.360> the 00:05:13.670 --> 00:05:13.680 align:start position:0% finance department to offer you uh the 00:05:13.680 --> 00:05:15.790 align:start position:0% finance department to offer you uh the the<00:05:14.000> full<00:05:14.240> and<00:05:14.440> explicit<00:05:14.960> picture<00:05:15.520> but 00:05:15.790 --> 00:05:15.800 align:start position:0% the full and explicit picture but 00:05:15.800 --> 00:05:17.790 align:start position:0% the full and explicit picture but decision<00:05:16.160> making<00:05:16.639> will<00:05:16.840> ultimately<00:05:17.400> come<00:05:17.600> to 00:05:17.790 --> 00:05:17.800 align:start position:0% decision making will ultimately come to 00:05:17.800 --> 00:05:20.110 align:start position:0% decision making will ultimately come to you<00:05:18.319> and<00:05:18.520> therefore<00:05:18.880> a<00:05:19.039> broad<00:05:19.759> understanding 00:05:20.110 --> 00:05:20.120 align:start position:0% you and therefore a broad understanding 00:05:20.120 --> 00:05:22.670 align:start position:0% you and therefore a broad understanding of<00:05:20.520> the<00:05:20.680> underpinnings<00:05:21.360> will<00:05:21.520> be<00:05:21.720> important 00:05:22.670 --> 00:05:22.680 align:start position:0% of the underpinnings will be important 00:05:22.680 --> 00:05:24.110 align:start position:0% of the underpinnings will be important those<00:05:22.919> who<00:05:23.080> come<00:05:23.280> from<00:05:23.440> a<00:05:23.680> financial 00:05:24.110 --> 00:05:24.120 align:start position:0% those who come from a financial 00:05:24.120 --> 00:05:25.990 align:start position:0% those who come from a financial background<00:05:24.479> and<00:05:24.600> are<00:05:24.800> attending<00:05:25.240> this<00:05:25.720> a<00:05:25.840> lot 00:05:25.990 --> 00:05:26.000 align:start position:0% background and are attending this a lot 00:05:26.000 --> 00:05:28.830 align:start position:0% background and are attending this a lot of<00:05:26.199> this<00:05:26.400> may<00:05:26.639> seem<00:05:27.240> basic<00:05:27.600> to<00:05:27.759> you<00:05:28.280> but<00:05:28.520> again 00:05:28.830 --> 00:05:28.840 align:start position:0% of this may seem basic to you but again 00:05:28.840 --> 00:05:31.070 align:start position:0% of this may seem basic to you but again it<00:05:28.960> will<00:05:29.120> be<00:05:29.240> useful<00:05:29.800> for<00:05:29.960> you<00:05:30.120> to<00:05:30.759> sort<00:05:30.960> of 00:05:31.070 --> 00:05:31.080 align:start position:0% it will be useful for you to sort of 00:05:31.080 --> 00:05:33.590 align:start position:0% it will be useful for you to sort of brush<00:05:31.400> up<00:05:31.720> on<00:05:32.000> on<00:05:32.479> why<00:05:32.960> this<00:05:33.080> is<00:05:33.240> such<00:05:33.400> an 00:05:33.590 --> 00:05:33.600 align:start position:0% brush up on on why this is such an 00:05:33.600 --> 00:05:36.070 align:start position:0% brush up on on why this is such an important<00:05:34.000> subject<00:05:34.520> right<00:05:34.960> so<00:05:35.440> let's<00:05:35.720> begin 00:05:36.070 --> 00:05:36.080 align:start position:0% important subject right so let's begin 00:05:36.080 --> 00:05:38.150 align:start position:0% important subject right so let's begin with<00:05:36.680> uh<00:05:36.919> the<00:05:37.080> definition<00:05:37.479> of<00:05:37.720> financial 00:05:38.150 --> 00:05:38.160 align:start position:0% with uh the definition of financial 00:05:38.160 --> 00:05:39.909 align:start position:0% with uh the definition of financial management<00:05:38.960> so<00:05:39.160> what<00:05:39.280> is<00:05:39.479> financial 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activities one is the planning activity second<00:05:49.080> is<00:05:49.280> the<00:05:49.479> organizing<00:05:50.240> activity<00:05:51.080> and 00:05:51.270 --> 00:05:51.280 align:start position:0% second is the organizing activity and 00:05:51.280 --> 00:05:54.029 align:start position:0% second is the organizing activity and third<00:05:51.520> is<00:05:51.639> the<00:05:51.800> controlling<00:05:52.680> activity<00:05:53.680> now 00:05:54.029 --> 00:05:54.039 align:start position:0% third is the controlling activity now 00:05:54.039 --> 00:05:56.309 align:start position:0% third is the controlling activity now this<00:05:54.600> U<00:05:54.840> this<00:05:54.960> is<00:05:55.120> true<00:05:55.360> for<00:05:55.680> any<00:05:55.919> form<00:05:56.120> of 00:05:56.309 --> 00:05:56.319 align:start position:0% this U this is true for any form of 00:05:56.319 --> 00:05:58.189 align:start position:0% this U this is true for any form of management<00:05:57.039> and<00:05:57.240> financial<00:05:57.680> management<00:05:58.080> is 00:05:58.189 --> 00:05:58.199 align:start position:0% management and financial management is 00:05:58.199 --> 00:05:59.990 align:start position:0% management and financial management is no<00:05:58.400> different<00:05:59.319> when<00:05:59.479> we<00:05:59.639> you<00:05:59.759> look<00:05:59.880> at 00:05:59.990 --> 00:06:00.000 align:start position:0% no different when we you look at 00:06:00.000 --> 00:06:01.830 align:start position:0% no different when we you look at financial<00:06:00.440> planning<00:06:01.199> it<00:06:01.360> involves 00:06:01.830 --> 00:06:01.840 align:start position:0% financial planning it involves 00:06:01.840 --> 00:06:04.670 align:start position:0% financial planning it involves forecasting<00:06:02.840> future<00:06:03.280> financial<00:06:03.759> needs<00:06:04.520> and 00:06:04.670 --> 00:06:04.680 align:start position:0% forecasting future financial needs and 00:06:04.680 --> 00:06:06.830 align:start position:0% forecasting future financial needs and setting<00:06:05.120> objectives<00:06:05.840> to<00:06:06.039> achieve<00:06:06.400> financial 00:06:06.830 --> 00:06:06.840 align:start position:0% setting objectives to achieve financial 00:06:06.840 --> 00:06:09.150 align:start position:0% setting objectives to achieve financial goals<00:06:07.599> what<00:06:07.759> does<00:06:07.919> that<00:06:08.080> mean<00:06:08.680> it<00:06:08.800> means<00:06:09.039> that 00:06:09.150 --> 00:06:09.160 align:start position:0% goals what does that mean it means that 00:06:09.160 --> 00:06:11.230 align:start position:0% goals what does that mean it means that if<00:06:09.240> you're<00:06:09.400> running<00:06:09.680> a<00:06:09.880> hospital<00:06:10.880> uh<00:06:11.039> let's 00:06:11.230 --> 00:06:11.240 align:start position:0% if you're running a hospital uh let's 00:06:11.240 --> 00:06:12.469 align:start position:0% if you're running a hospital uh let's say<00:06:11.400> if<00:06:11.479> you're<00:06:11.680> in<00:06:11.800> the<00:06:11.960> in<00:06:12.080> the<00:06:12.199> private 00:06:12.469 --> 00:06:12.479 align:start position:0% say if you're in the in the private 00:06:12.479 --> 00:06:15.189 align:start position:0% say if you're in the in the private healthcare<00:06:13.360> space<00:06:14.360> you<00:06:14.520> have<00:06:14.639> set<00:06:14.840> out<00:06:15.000> for 00:06:15.189 --> 00:06:15.199 align:start position:0% healthcare space you have set out for 00:06:15.199 --> 00:06:17.909 align:start position:0% healthcare space you have set out for yourself<00:06:16.160> a<00:06:16.319> need<00:06:16.880> to<00:06:17.080> generate<00:06:17.440> a<00:06:17.599> certain 00:06:17.909 --> 00:06:17.919 align:start position:0% yourself a need to generate a certain 00:06:17.919 --> 00:06:20.589 align:start position:0% yourself a need to generate a certain amount<00:06:18.160> of<00:06:18.319> Revenue<00:06:19.039> this<00:06:19.199> may<00:06:19.400> be<00:06:19.560> rupees<00:06:20.039> 100 00:06:20.589 --> 00:06:20.599 align:start position:0% amount of Revenue this may be rupees 100 00:06:20.599 --> 00:06:21.950 align:start position:0% amount of Revenue this may be rupees 100 that<00:06:20.720> you<00:06:20.840> want<00:06:20.960> to<00:06:21.120> generate<00:06:21.440> at<00:06:21.599> the<00:06:21.680> end<00:06:21.840> of 00:06:21.950 --> 00:06:21.960 align:start position:0% that you want to generate at the end of 00:06:21.960 --> 00:06:27.150 align:start position:0% that you want to generate at the end of the<00:06:22.240> year<00:06:23.240> now<00:06:24.240> those<00:06:24.680> objectives<00:06:25.680> you<00:06:26.000> need<00:06:26.759> a 00:06:27.150 --> 00:06:27.160 align:start position:0% the year now those objectives you need a 00:06:27.160 --> 00:06:29.909 align:start position:0% the year now those objectives you need a a<00:06:27.319> planning<00:06:28.000> on<00:06:28.240> how<00:06:28.440> you<00:06:28.720> want<00:06:28.880> to<00:06:29.120> achieve 00:06:29.909 --> 00:06:29.919 align:start position:0% a planning on how you want to achieve 00:06:29.919 --> 00:06:33.029 align:start position:0% a planning on how you want to achieve that<00:06:30.199> 100<00:06:30.479> rupees<00:06:30.919> of<00:06:31.560> Revenue<00:06:32.560> where<00:06:32.759> is<00:06:32.880> it 00:06:33.029 --> 00:06:33.039 align:start position:0% that 100 rupees of Revenue where is it 00:06:33.039 --> 00:06:35.150 align:start position:0% that 100 rupees of Revenue where is it going<00:06:33.199> to<00:06:33.360> come<00:06:33.560> from<00:06:34.360> what<00:06:34.479> will<00:06:34.599> be<00:06:34.759> the<00:06:34.880> mix 00:06:35.150 --> 00:06:35.160 align:start position:0% going to come from what will be the mix 00:06:35.160 --> 00:06:37.990 align:start position:0% going to come from what will be the mix of<00:06:35.319> OPD<00:06:35.800> versus<00:06:36.280> ipd<00:06:37.160> what<00:06:37.280> will<00:06:37.400> be<00:06:37.599> the<00:06:37.720> mix 00:06:37.990 --> 00:06:38.000 align:start position:0% of OPD versus ipd what will be the mix 00:06:38.000 --> 00:06:40.629 align:start position:0% of OPD versus ipd what will be the mix coming<00:06:38.240> from<00:06:38.479> insurance<00:06:39.479> what<00:06:39.639> would<00:06:39.880> it<00:06:40.400> uh 00:06:40.629 --> 00:06:40.639 align:start position:0% coming from insurance what would it uh 00:06:40.639 --> 00:06:43.029 align:start position:0% coming from insurance what would it uh which<00:06:40.880> specialities<00:06:41.520> will<00:06:41.919> be<00:06:42.120> driving<00:06:42.520> it 00:06:43.029 --> 00:06:43.039 align:start position:0% which specialities will be driving it 00:06:43.039 --> 00:06:44.950 align:start position:0% which specialities will be driving it what<00:06:43.240> specialities<00:06:43.840> don't<00:06:44.080> you<00:06:44.319> have<00:06:44.840> which 00:06:44.950 --> 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position:0% also then need to look at what are my 00:06:52.199 --> 00:06:54.430 align:start position:0% also then need to look at what are my expenses<00:06:53.199> where<00:06:53.360> am<00:06:53.479> I<00:06:53.639> going<00:06:53.840> to<00:06:53.919> be<00:06:54.080> spending 00:06:54.430 --> 00:06:54.440 align:start position:0% expenses where am I going to be spending 00:06:54.440 --> 00:06:56.510 align:start position:0% expenses where am I going to be spending money<00:06:55.160> what<00:06:55.280> is<00:06:55.400> the<00:06:55.560> type<00:06:55.720> of<00:06:55.960> equipment<00:06:56.319> I 00:06:56.510 --> 00:06:56.520 align:start position:0% money what is the type of equipment I 00:06:56.520 --> 00:06:58.430 align:start position:0% money what is the type of equipment I required<00:06:57.240> what<00:06:57.360> is<00:06:57.440> the<00:06:57.599> type<00:06:57.759> of<00:06:57.879> upgradation 00:06:58.430 --> 00:06:58.440 align:start position:0% required what is the type of upgradation 00:06:58.440 --> 00:07:00.710 align:start position:0% required what is the type of upgradation that<00:06:58.560> is<00:06:58.720> needed<00:06:59.599> so<00:06:59.759> these<00:06:59.960> are<00:07:00.360> all 00:07:00.710 --> 00:07:00.720 align:start position:0% that is needed so these are all 00:07:00.720 --> 00:07:03.350 align:start position:0% that is needed so these are all components<00:07:01.440> that<00:07:01.639> form<00:07:02.000> Financial<00:07:02.560> Planning 00:07:03.350 --> 00:07:03.360 align:start position:0% components that form Financial Planning 00:07:03.360 --> 00:07:05.309 align:start position:0% components that form Financial Planning and<00:07:03.560> these<00:07:03.680> are<00:07:03.919> essential<00:07:04.759> because<00:07:05.080> they 00:07:05.309 --> 00:07:05.319 align:start position:0% and these are essential because they 00:07:05.319 --> 00:07:07.270 align:start position:0% and these are essential because they guide<00:07:05.680> all<00:07:05.919> financing<00:07:06.440> decisions<00:07:07.000> what<00:07:07.120> does 00:07:07.270 --> 00:07:07.280 align:start position:0% guide all financing decisions what does 00:07:07.280 --> 00:07:09.309 align:start position:0% guide all financing decisions what does that<00:07:07.400> mean<00:07:08.120> it<00:07:08.240> means<00:07:08.479> that<00:07:08.680> if<00:07:08.840> I<00:07:08.960> have<00:07:09.120> set 00:07:09.309 --> 00:07:09.319 align:start position:0% that mean it means that if I have set 00:07:09.319 --> 00:07:12.430 align:start position:0% that mean it means that if I have set out<00:07:09.479> a<00:07:09.599> target<00:07:09.960> for<00:07:10.479> 100<00:07:10.840> rupees<00:07:11.479> to<00:07:11.599> be<00:07:11.759> earned 00:07:12.430 --> 00:07:12.440 align:start position:0% out a target for 100 rupees to be earned 00:07:12.440 --> 00:07:14.309 align:start position:0% out a target for 100 rupees to be earned at<00:07:12.560> the<00:07:12.680> end<00:07:12.840> of<00:07:12.960> the<00:07:13.080> year<00:07:13.280> from<00:07:13.520> my 00:07:14.309 --> 00:07:14.319 align:start position:0% at the end of the year from my 00:07:14.319 --> 00:07:16.790 align:start position:0% at the end of the year from my operations<00:07:15.319> then<00:07:15.560> anything<00:07:16.400> that<00:07:16.520> will 00:07:16.790 --> 00:07:16.800 align:start position:0% operations then anything that will 00:07:16.800 --> 00:07:19.270 align:start position:0% operations then anything that will impede<00:07:17.360> that<00:07:17.599> attainment<00:07:18.520> is<00:07:18.680> something<00:07:19.080> that 00:07:19.270 --> 00:07:19.280 align:start position:0% impede that attainment is something that 00:07:19.280 --> 00:07:22.189 align:start position:0% impede that attainment is something that I<00:07:19.400> would<00:07:19.639> need<00:07:19.840> to<00:07:20.319> be<00:07:20.560> very<00:07:20.759> mindful<00:07:21.199> of<00:07:21.840> so<00:07:22.039> if 00:07:22.189 --> 00:07:22.199 align:start position:0% I would need to be very mindful of so if 00:07:22.199 --> 00:07:24.790 align:start position:0% I would need to be very mindful of so if I<00:07:22.319> want<00:07:22.520> to<00:07:22.759> then<00:07:23.000> upgrade<00:07:23.400> an<00:07:23.639> equipment<00:07:24.639> and 00:07:24.790 --> 00:07:24.800 align:start position:0% I want to then upgrade an equipment and 00:07:24.800 --> 00:07:26.629 align:start position:0% I want to then upgrade an equipment and I<00:07:24.919> know<00:07:25.160> that<00:07:25.360> because<00:07:25.599> of<00:07:25.840> that<00:07:26.160> I<00:07:26.280> will<00:07:26.440> not 00:07:26.629 --> 00:07:26.639 align:start position:0% I know that because of that I will not 00:07:26.639 --> 00:07:28.189 align:start position:0% I know that because of that I will not be<00:07:26.759> able<00:07:26.960> to<00:07:27.080> reach<00:07:27.360> 100<00:07:27.639> I'll<00:07:27.800> be<00:07:27.919> able<00:07:28.080> to 00:07:28.189 --> 00:07:28.199 align:start position:0% be able to reach 100 I'll be able to 00:07:28.199 --> 00:07:30.990 align:start position:0% be able to reach 100 I'll be able to reach<00:07:28.400> 90<00:07:28.759> or<00:07:28.879> 95<00:07:29.960> well<00:07:30.160> then<00:07:30.360> that<00:07:30.479> is<00:07:30.680> what<00:07:30.800> is 00:07:30.990 --> 00:07:31.000 align:start position:0% reach 90 or 95 well then that is what is 00:07:31.000 --> 00:07:32.790 align:start position:0% reach 90 or 95 well then that is what is going<00:07:31.160> to<00:07:31.360> guide<00:07:31.639> my<00:07:31.840> financial<00:07:32.280> decision<00:07:32.639> so 00:07:32.790 --> 00:07:32.800 align:start position:0% going to guide my financial decision so 00:07:32.800 --> 00:07:35.749 align:start position:0% going to guide my financial decision so that's<00:07:32.960> the<00:07:33.080> most<00:07:33.280> important<00:07:33.960> part<00:07:34.960> second<00:07:35.319> is 00:07:35.749 --> 00:07:35.759 align:start position:0% that's the most important part second is 00:07:35.759 --> 00:07:37.469 align:start position:0% that's the most important part second is how<00:07:35.879> do<00:07:36.039> we<00:07:36.199> organize<00:07:36.759> those<00:07:36.960> financial 00:07:37.469 --> 00:07:37.479 align:start position:0% how do we organize those financial 00:07:37.479 --> 00:07:40.150 align:start position:0% how do we organize those financial activities<00:07:38.000> now<00:07:38.199> this<00:07:38.319> is<00:07:38.840> very<00:07:39.080> important<00:07:40.000> it 00:07:40.150 --> 00:07:40.160 align:start position:0% activities now this is very important it 00:07:40.160 --> 00:07:43.710 align:start position:0% activities now this is very important it means<00:07:41.000> how<00:07:41.199> do<00:07:41.400> we<00:07:41.639> then<00:07:41.960> allocate<00:07:42.919> Financial 00:07:43.710 --> 00:07:43.720 align:start position:0% means how do we then allocate Financial 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since let's say<00:07:51.240> from<00:07:51.520> cardiac<00:07:51.960> Services<00:07:52.400> I<00:07:52.479> will<00:07:52.639> be 00:07:52.790 --> 00:07:52.800 align:start position:0% say from cardiac Services I will be 00:07:52.800 --> 00:07:57.029 align:start position:0% say from cardiac Services I will be getting<00:07:53.039> 25<00:07:54.000> meaning<00:07:54.720> 25%<00:07:55.720> of<00:07:55.960> my<00:07:56.560> income<00:07:56.919> is 00:07:57.029 --> 00:07:57.039 align:start position:0% getting 25 meaning 25% of my income is 00:07:57.039 --> 00:07:59.749 align:start position:0% getting 25 meaning 25% of my income is going<00:07:57.199> to<00:07:57.360> come<00:07:57.639> from<00:07:58.440> uh<00:07:58.599> from<00:07:58.879> let's<00:07:59.039> say<00:07:59.159> the 00:07:59.749 --> 00:07:59.759 align:start position:0% going to come from uh from let's say the 00:07:59.759 --> 00:08:02.149 align:start position:0% going to come from uh from let's say the division<00:08:00.479> then<00:08:00.720> I<00:08:00.840> will<00:08:01.080> align<00:08:01.599> resources 00:08:02.149 --> 00:08:02.159 align:start position:0% division then I will align resources 00:08:02.159 --> 00:08:03.670 align:start position:0% division then I will align resources whether<00:08:02.360> it's<00:08:02.560> Manpower<00:08:03.199> whether<00:08:03.400> it<00:08:03.479> is 00:08:03.670 --> 00:08:03.680 align:start position:0% whether it's Manpower whether it is 00:08:03.680 --> 00:08:06.670 align:start position:0% whether it's Manpower whether it is material<00:08:04.159> resources<00:08:04.960> or<00:08:05.240> others<00:08:06.199> more 00:08:06.670 --> 00:08:06.680 align:start position:0% material resources or others more 00:08:06.680 --> 00:08:09.309 align:start position:0% material resources or others more towards<00:08:07.680> uh<00:08:08.000> the<00:08:08.159> cardiac<00:08:08.560> Sciences<00:08:08.919> in<00:08:09.120> this 00:08:09.309 --> 00:08:09.319 align:start position:0% towards uh the cardiac Sciences in this 00:08:09.319 --> 00:08:11.869 align:start position:0% towards uh the cardiac Sciences in this case<00:08:09.840> so<00:08:10.000> that<00:08:10.159> I<00:08:10.240> can<00:08:10.479> achieve<00:08:10.879> my<00:08:11.360> financial 00:08:11.869 --> 00:08:11.879 align:start position:0% case so that I can achieve my financial 00:08:11.879 --> 00:08:14.430 align:start position:0% case so that I can achieve my financial goals<00:08:12.159> that<00:08:12.319> I<00:08:12.440> have<00:08:12.560> in<00:08:12.720> mind<00:08:13.520> so<00:08:13.960> this 00:08:14.430 --> 00:08:14.440 align:start position:0% goals that I have in mind so this 00:08:14.440 --> 00:08:17.230 align:start position:0% goals that I have in mind so this requires<00:08:15.000> roles<00:08:15.319> to<00:08:15.520> be<00:08:15.680> defined<00:08:16.639> and<00:08:17.039> how 00:08:17.230 --> 00:08:17.240 align:start position:0% requires roles to be defined and how 00:08:17.240 --> 00:08:19.230 align:start position:0% requires roles to be defined and how you're<00:08:17.440> going<00:08:17.639> to<00:08:17.800> be<00:08:18.319> then<00:08:18.520> looking<00:08:18.879> at<00:08:19.080> those 00:08:19.230 --> 00:08:19.240 align:start position:0% you're going to be then looking at those 00:08:19.240 --> 00:08:21.469 align:start position:0% you're going to be then looking at those roles<00:08:19.560> in<00:08:19.680> terms<00:08:19.879> of<00:08:20.000> a<00:08:20.120> hierarchy<00:08:21.039> just<00:08:21.280> like 00:08:21.469 --> 00:08:21.479 align:start position:0% roles in terms of a hierarchy just like 00:08:21.479 --> 00:08:22.790 align:start position:0% roles in terms of a hierarchy just like any<00:08:21.680> good<00:08:21.879> management 00:08:22.790 --> 00:08:22.800 align:start position:0% any good management 00:08:22.800 --> 00:08:25.230 align:start position:0% any good management structure<00:08:23.800> the<00:08:24.039> third<00:08:24.400> aspect<00:08:24.680> of<00:08:24.840> financial 00:08:25.230 --> 00:08:25.240 align:start position:0% structure the third aspect of financial 00:08:25.240 --> 00:08:27.430 align:start position:0% structure the third aspect of financial management<00:08:26.000> is<00:08:26.280> controlling<00:08:26.960> Financial 00:08:27.430 --> 00:08:27.440 align:start position:0% management is controlling Financial 00:08:27.440 --> 00:08:29.990 align:start position:0% management is controlling Financial activities<00:08:28.319> now<00:08:28.639> this<00:08:29.159> for<00:08:29.599> financial 00:08:29.990 --> 00:08:30.000 align:start position:0% activities now this for financial 00:08:30.000 --> 00:08:32.149 align:start position:0% activities now this for financial management<00:08:30.440> is<00:08:30.759> the<00:08:31.039> most<00:08:31.400> important 00:08:32.149 --> 00:08:32.159 align:start position:0% management is the most important 00:08:32.159 --> 00:08:34.230 align:start position:0% management is the most important function<00:08:33.159> because<00:08:33.399> you<00:08:33.519> can<00:08:33.680> have<00:08:33.839> very<00:08:34.039> good 00:08:34.230 --> 00:08:34.240 align:start position:0% function because you can have very good 00:08:34.240 --> 00:08:36.430 align:start position:0% function because you can have very good operations<00:08:35.120> you<00:08:35.240> can<00:08:35.440> have<00:08:35.560> a<00:08:35.719> great<00:08:36.000> plan<00:08:36.279> in 00:08:36.430 --> 00:08:36.440 align:start position:0% operations you can have a great plan in 00:08:36.440 --> 00:08:38.389 align:start position:0% operations you can have a great plan in mind<00:08:36.959> you<00:08:37.080> could<00:08:37.279> have<00:08:37.519> targets<00:08:37.880> aligned<00:08:38.240> to 00:08:38.389 --> 00:08:38.399 align:start position:0% mind you could have targets aligned to 00:08:38.399 --> 00:08:42.149 align:start position:0% mind you could have targets aligned to it<00:08:39.279> but<00:08:40.000> the<00:08:40.240> month<00:08:40.560> on<00:08:40.800> month<00:08:41.279> week<00:08:41.519> on<00:08:41.760> week 00:08:42.149 --> 00:08:42.159 align:start position:0% it but the month on month week on week 00:08:42.159 --> 00:08:44.550 align:start position:0% it but the month on month week on week or<00:08:42.360> quarter<00:08:42.680> on<00:08:42.880> quarter<00:08:43.320> as<00:08:43.440> it<00:08:43.560> is<00:08:43.760> called 00:08:44.550 --> 00:08:44.560 align:start position:0% or quarter on quarter as it is called 00:08:44.560 --> 00:08:46.630 align:start position:0% or quarter on quarter as it is called financial<00:08:45.160> performance<00:08:46.120> and<00:08:46.360> what 00:08:46.630 --> 00:08:46.640 align:start position:0% financial performance and what 00:08:46.640 --> 00:08:48.710 align:start position:0% financial performance and what correctives<00:08:47.200> you<00:08:47.360> need<00:08:47.519> to<00:08:47.720> take<00:08:48.000> is<00:08:48.160> called 00:08:48.710 --> 00:08:48.720 align:start position:0% correctives you need to take is called 00:08:48.720 --> 00:08:51.670 align:start position:0% correctives you need to take is called control<00:08:49.720> so<00:08:50.000> control<00:08:50.560> here<00:08:50.760> means<00:08:51.399> the 00:08:51.670 --> 00:08:51.680 align:start position:0% control so control here means the 00:08:51.680 --> 00:08:55.910 align:start position:0% control so control here means the control<00:08:52.320> of<00:08:52.600> any<00:08:53.399> Financial<00:08:54.399> uh<00:08:55.040> you<00:08:55.160> know<00:08:55.399> the 00:08:55.910 --> 00:08:55.920 align:start position:0% control of any Financial uh you know the 00:08:55.920 --> 00:08:59.630 align:start position:0% control of any Financial uh you know the uh<00:08:56.320> either<00:08:56.560> the<00:08:56.720> revenue<00:08:57.480> or<00:08:58.120> the<00:08:58.399> expenditure 00:08:59.630 --> 00:08:59.640 align:start position:0% uh either the revenue or the expenditure 00:08:59.640 --> 00:09:03.470 align:start position:0% uh either the revenue or the expenditure the<00:08:59.920> control<00:09:00.680> of<00:09:00.959> a<00:09:01.680> financial<00:09:02.680> uh 00:09:03.470 --> 00:09:03.480 align:start position:0% the control of a financial uh 00:09:03.480 --> 00:09:06.509 align:start position:0% the control of a financial uh metric<00:09:04.480> and<00:09:04.839> in<00:09:05.120> finance<00:09:05.640> that<00:09:05.800> is<00:09:05.920> the<00:09:06.200> most 00:09:06.509 --> 00:09:06.519 align:start position:0% metric and in finance that is the most 00:09:06.519 --> 00:09:09.910 align:start position:0% metric and in finance that is the most important<00:09:07.040> aspect<00:09:07.720> that<00:09:08.040> if<00:09:08.720> I<00:09:08.920> had<00:09:09.120> to<00:09:09.360> earn 00:09:09.910 --> 00:09:09.920 align:start position:0% important aspect that if I had to earn 00:09:09.920 --> 00:09:11.910 align:start position:0% important aspect that if I had to earn let's<00:09:10.120> say<00:09:10.320> if<00:09:10.440> I<00:09:10.560> had<00:09:10.720> to<00:09:10.880> earn<00:09:11.240> 100<00:09:11.480> rupees<00:09:11.800> as 00:09:11.910 --> 00:09:11.920 align:start position:0% let's say if I had to earn 100 rupees as 00:09:11.920 --> 00:09:14.389 align:start position:0% let's say if I had to earn 100 rupees as I<00:09:12.040> said<00:09:12.279> at<00:09:12.640> the<00:09:12.720> end<00:09:12.880> of<00:09:13.040> 12<00:09:13.320> months<00:09:14.079> and<00:09:14.240> at 00:09:14.389 --> 00:09:14.399 align:start position:0% I said at the end of 12 months and at 00:09:14.399 --> 00:09:16.470 align:start position:0% I said at the end of 12 months and at the<00:09:14.519> end<00:09:14.680> of<00:09:14.839> three<00:09:15.079> months<00:09:15.680> I've<00:09:15.880> only<00:09:16.120> earned 00:09:16.470 --> 00:09:16.480 align:start position:0% the end of three months I've only earned 00:09:16.480 --> 00:09:18.670 align:start position:0% the end of three months I've only earned 10<00:09:16.760> Rupees<00:09:17.320> I<00:09:17.440> know<00:09:17.600> my<00:09:17.760> run<00:09:17.959> rate<00:09:18.160> is<00:09:18.279> not<00:09:18.480> good 00:09:18.670 --> 00:09:18.680 align:start position:0% 10 Rupees I know my run rate is not good 00:09:18.680 --> 00:09:20.550 align:start position:0% 10 Rupees I know my run rate is not good enough<00:09:19.120> so<00:09:19.360> either<00:09:19.560> I<00:09:19.640> need<00:09:19.800> to<00:09:19.959> control<00:09:20.360> my 00:09:20.550 --> 00:09:20.560 align:start position:0% enough so either I need to control my 00:09:20.560 --> 00:09:23.509 align:start position:0% enough so either I need to control my costs<00:09:21.360> or<00:09:21.680> I<00:09:21.839> need<00:09:22.079> to<00:09:22.680> uh<00:09:22.800> you<00:09:22.880> know<00:09:23.040> increase 00:09:23.509 --> 00:09:23.519 align:start position:0% costs or I need to uh you know increase 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Financial<00:09:31.360> controllers<00:09:32.320> who<00:09:32.560> actually<00:09:32.839> do 00:09:33.069 --> 00:09:33.079 align:start position:0% Financial controllers who actually do 00:09:33.079 --> 00:09:34.710 align:start position:0% Financial controllers who actually do that<00:09:33.320> job<00:09:33.519> to<00:09:33.680> make<00:09:33.839> sure<00:09:34.360> that<00:09:34.480> you're 00:09:34.710 --> 00:09:34.720 align:start position:0% that job to make sure that you're 00:09:34.720 --> 00:09:36.389 align:start position:0% that job to make sure that you're aligned<00:09:35.079> to<00:09:35.240> your<00:09:35.600> various<00:09:36.000> goals<00:09:36.279> that 00:09:36.389 --> 00:09:36.399 align:start position:0% aligned to your various goals that 00:09:36.399 --> 00:09:37.590 align:start position:0% aligned to your various goals that you've<00:09:36.560> set<00:09:36.720> out<00:09:36.880> for 00:09:37.590 --> 00:09:37.600 align:start position:0% you've set out for 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understood<00:09:46.040> planning<00:09:46.480> we've<00:09:46.640> understood 00:09:47.030 --> 00:09:47.040 align:start position:0% understood planning we've understood 00:09:47.040 --> 00:09:48.790 align:start position:0% understood planning we've understood operations<00:09:47.560> we've<00:09:47.760> understood<00:09:48.200> control<00:09:48.640> the 00:09:48.790 --> 00:09:48.800 align:start position:0% operations we've understood control the 00:09:48.800 --> 00:09:51.750 align:start position:0% operations we've understood control the concept<00:09:49.120> of<00:09:49.519> control<00:09:50.519> the<00:09:50.720> objectives<00:09:51.360> are 00:09:51.750 --> 00:09:51.760 align:start position:0% concept of control the objectives are 00:09:51.760 --> 00:09:54.670 align:start position:0% concept of control the objectives are very<00:09:52.000> clear<00:09:53.000> is<00:09:53.160> to<00:09:53.440> ensure<00:09:53.839> profitability 00:09:54.670 --> 00:09:54.680 align:start position:0% very clear is to ensure profitability 00:09:54.680 --> 00:09:57.389 align:start position:0% very clear is to ensure profitability again<00:09:55.560> profitability<00:09:56.440> as<00:09:56.560> we<00:09:56.720> all<00:09:56.880> know<00:09:57.160> it's 00:09:57.389 --> 00:09:57.399 align:start position:0% again profitability as we all know it's 00:09:57.399 --> 00:09:59.910 align:start position:0% again profitability as we all know it's it's<00:09:57.720> it's<00:09:57.839> a<00:09:58.000> common<00:09:58.320> phrase<00:09:58.920> is<00:09:59.040> to<00:09:59.480> ensure 00:09:59.910 --> 00:09:59.920 align:start position:0% it's it's a common phrase is to ensure 00:09:59.920 --> 00:10:02.870 align:start position:0% it's it's a common phrase is to ensure that<00:10:00.240> how<00:10:00.440> much<00:10:00.640> you<00:10:00.800> earn<00:10:01.560> is<00:10:01.800> more<00:10:02.480> than<00:10:02.720> how 00:10:02.870 --> 00:10:02.880 align:start position:0% that how much you earn is more than how 00:10:02.880 --> 00:10:05.110 align:start position:0% that how much you earn is more than how much<00:10:03.120> you<00:10:03.320> spend<00:10:03.920> to<00:10:04.160> make<00:10:04.399> sure<00:10:04.680> that<00:10:04.880> a 00:10:05.110 --> 00:10:05.120 align:start position:0% much you spend to make sure that a 00:10:05.120 --> 00:10:07.470 align:start position:0% much you spend to make sure that a service<00:10:05.480> or<00:10:05.600> a<00:10:05.800> product<00:10:06.160> is<00:10:06.279> delivered<00:10:07.120> so<00:10:07.360> in 00:10:07.470 --> 00:10:07.480 align:start position:0% service or a product is delivered so in 00:10:07.480 --> 00:10:08.990 align:start position:0% service or a product is delivered so in the<00:10:07.600> healthcare<00:10:08.000> space<00:10:08.279> it<00:10:08.399> is<00:10:08.519> no<00:10:08.680> different 00:10:08.990 --> 00:10:09.000 align:start position:0% the healthcare space it is no different 00:10:09.000 --> 00:10:11.030 align:start position:0% the healthcare space it is no different we<00:10:09.120> offer<00:10:09.360> a<00:10:09.560> service<00:10:10.320> and<00:10:10.440> we<00:10:10.560> have<00:10:10.680> to<00:10:10.839> make 00:10:11.030 --> 00:10:11.040 align:start position:0% we offer a service and we have to make 00:10:11.040 --> 00:10:13.269 align:start position:0% we offer a service and we have to make sure<00:10:11.560> that<00:10:11.760> at<00:10:11.880> the<00:10:12.040> end<00:10:12.320> of<00:10:12.560> the<00:10:12.760> calculation 00:10:13.269 --> 00:10:13.279 align:start position:0% sure that at the end of the calculation 00:10:13.279 --> 00:10:14.910 align:start position:0% sure that at the end of the calculation of<00:10:13.440> how<00:10:13.600> much<00:10:13.800> we<00:10:13.959> spent<00:10:14.279> to<00:10:14.519> give<00:10:14.760> that 00:10:14.910 --> 00:10:14.920 align:start position:0% of how much we spent to give that 00:10:14.920 --> 00:10:18.509 align:start position:0% of how much we spent to give that service<00:10:15.720> we<00:10:15.880> should<00:10:16.279> have<00:10:16.600> a<00:10:17.040> net<00:10:17.560> positive<00:10:18.320> in 00:10:18.509 --> 00:10:18.519 align:start position:0% service we should have a net positive in 00:10:18.519 --> 00:10:21.110 align:start position:0% service we should have a net positive in the<00:10:18.680> bank<00:10:18.959> account<00:10:19.519> and<00:10:19.720> that<00:10:19.839> would<00:10:20.160> ensure 00:10:21.110 --> 00:10:21.120 align:start position:0% the bank account and that would ensure 00:10:21.120 --> 00:10:23.350 align:start position:0% the bank account and that would ensure profitability<00:10:22.120> now<00:10:22.320> mind<00:10:22.560> you<00:10:22.720> as<00:10:22.800> I<00:10:22.920> st<00:10:23.200> at 00:10:23.350 --> 00:10:23.360 align:start position:0% profitability now mind you as I st at 00:10:23.360 --> 00:10:26.790 align:start position:0% profitability now mind you as I st at the<00:10:23.480> start<00:10:23.760> of<00:10:24.000> my<00:10:24.760> uh<00:10:25.200> of<00:10:25.360> this 00:10:26.790 --> 00:10:26.800 align:start position:0% the start of my uh of this 00:10:26.800 --> 00:10:29.670 align:start position:0% the start of my uh of this conversation<00:10:27.800> this<00:10:28.279> profitability<00:10:29.120> is<00:10:29.360> is 00:10:29.670 --> 00:10:29.680 align:start position:0% conversation this profitability is is 00:10:29.680 --> 00:10:31.430 align:start position:0% conversation this profitability is is also<00:10:30.040> required<00:10:30.440> in<00:10:30.600> the<00:10:30.800> public<00:10:31.160> health 00:10:31.430 --> 00:10:31.440 align:start position:0% also required in the public health 00:10:31.440 --> 00:10:33.630 align:start position:0% also required in the public health system<00:10:32.120> so<00:10:32.440> even<00:10:32.720> if<00:10:32.839> you're<00:10:32.959> are<00:10:33.279> getting 00:10:33.630 --> 00:10:33.640 align:start position:0% system so even if you're are getting 00:10:33.640 --> 00:10:36.670 align:start position:0% system so even if you're are getting grants<00:10:34.519> it's<00:10:34.760> not<00:10:35.079> as<00:10:35.240> if<00:10:35.760> you<00:10:35.920> can<00:10:36.120> just<00:10:36.320> spend 00:10:36.670 --> 00:10:36.680 align:start position:0% grants it's not as if you can just spend 00:10:36.680 --> 00:10:39.550 align:start position:0% grants it's not as if you can just spend your<00:10:36.839> way<00:10:37.079> through<00:10:37.800> without<00:10:38.240> accounting<00:10:38.760> for 00:10:39.550 --> 00:10:39.560 align:start position:0% your way through without accounting for 00:10:39.560 --> 00:10:41.550 align:start position:0% your way through without accounting for the<00:10:39.839> effective<00:10:40.279> use<00:10:40.639> of<00:10:40.839> those<00:10:41.079> financial 00:10:41.550 --> 00:10:41.560 align:start position:0% the effective use of those financial 00:10:41.560 --> 00:10:44.430 align:start position:0% the effective use of those financial resources<00:10:42.519> so<00:10:42.800> again<00:10:43.399> the<00:10:43.560> Surplus<00:10:44.120> that<00:10:44.279> you 00:10:44.430 --> 00:10:44.440 align:start position:0% resources so again the Surplus that you 00:10:44.440 --> 00:10:46.509 align:start position:0% resources so again the Surplus that you may<00:10:44.720> you<00:10:44.839> may<00:10:45.000> not<00:10:45.279> generate<00:10:45.639> revenues<00:10:46.360> but 00:10:46.509 --> 00:10:46.519 align:start position:0% may you may not generate revenues but 00:10:46.519 --> 00:10:48.870 align:start position:0% may you may not generate revenues but the<00:10:46.680> Surplus<00:10:47.240> That<00:10:47.560> Remains<00:10:47.880> by<00:10:48.200> better 00:10:48.870 --> 00:10:48.880 align:start position:0% the Surplus That Remains by better 00:10:48.880 --> 00:10:51.550 align:start position:0% the Surplus That Remains by better spending<00:10:49.519> management<00:10:50.519> can<00:10:50.800> then<00:10:50.959> be<00:10:51.120> used<00:10:51.440> in 00:10:51.550 --> 00:10:51.560 align:start position:0% spending management can then be used in 00:10:51.560 --> 00:10:53.550 align:start position:0% spending management can then be used in the<00:10:51.720> next<00:10:52.000> year<00:10:52.399> as<00:10:52.519> a<00:10:52.680> carry<00:10:52.920> forward<00:10:53.320> so 00:10:53.550 --> 00:10:53.560 align:start position:0% the next year as a carry forward so 00:10:53.560 --> 00:10:57.190 align:start position:0% the next year as a carry forward so profitability<00:10:54.680> remains<00:10:55.680> very<00:10:55.920> important<00:10:56.880> for 00:10:57.190 --> 00:10:57.200 align:start position:0% profitability remains very important for 00:10:57.200 --> 00:10:59.350 align:start position:0% profitability remains very important for investors<00:10:57.920> if<00:10:58.040> a<00:10:58.200> person<00:10:58.440> is<00:10:58.600> investing<00:10:59.000> in 00:10:59.350 --> 00:10:59.360 align:start position:0% investors if a person is investing in 00:10:59.360 --> 00:11:01.829 align:start position:0% investors if a person is investing in your<00:10:59.560> in<00:10:59.680> your<00:11:00.200> hospital<00:11:01.200> or<00:11:01.399> in<00:11:01.519> your 00:11:01.829 --> 00:11:01.839 align:start position:0% your in your hospital or in your 00:11:01.839 --> 00:11:03.629 align:start position:0% your in your hospital or in your Enterprise<00:11:02.839> they<00:11:02.959> are<00:11:03.160> looking<00:11:03.399> at 00:11:03.629 --> 00:11:03.639 align:start position:0% Enterprise they are looking at 00:11:03.639 --> 00:11:05.870 align:start position:0% Enterprise they are looking at profitability<00:11:04.600> so<00:11:04.839> they<00:11:04.920> are<00:11:05.120> looking<00:11:05.399> at<00:11:05.560> the 00:11:05.870 --> 00:11:05.880 align:start position:0% profitability so they are looking at the 00:11:05.880 --> 00:11:08.470 align:start position:0% profitability so they are looking at the return<00:11:06.399> that<00:11:06.560> they<00:11:06.680> would<00:11:06.920> make<00:11:07.760> uh<00:11:07.920> on<00:11:08.200> any 00:11:08.470 --> 00:11:08.480 align:start position:0% return that they would make uh on any 00:11:08.480 --> 00:11:10.030 align:start position:0% return that they would make uh on any investment<00:11:08.959> that<00:11:09.120> they<00:11:09.279> make<00:11:09.560> so<00:11:09.760> if<00:11:09.880> they 00:11:10.030 --> 00:11:10.040 align:start position:0% investment that they make so if they 00:11:10.040 --> 00:11:12.430 align:start position:0% investment that they make so if they have<00:11:10.200> invested<00:11:10.680> 100<00:11:10.959> rupees<00:11:11.240> in<00:11:11.399> your<00:11:11.880> in<00:11:12.040> your 00:11:12.430 --> 00:11:12.440 align:start position:0% have invested 100 rupees in your in your 00:11:12.440 --> 00:11:14.430 align:start position:0% have invested 100 rupees in your in your organization<00:11:13.440> they<00:11:13.560> would<00:11:13.760> be<00:11:14.000> expecting 00:11:14.430 --> 00:11:14.440 align:start position:0% organization they would be expecting 00:11:14.440 --> 00:11:16.310 align:start position:0% organization they would be expecting some<00:11:14.680> decent<00:11:15.000> rate<00:11:15.200> of<00:11:15.519> return<00:11:15.959> whether<00:11:16.160> it's 00:11:16.310 --> 00:11:16.320 align:start position:0% some decent rate of return whether it's 00:11:16.320 --> 00:11:20.069 align:start position:0% some decent rate of return whether it's 10%<00:11:16.839> 20%<00:11:17.680> as<00:11:17.839> the<00:11:18.000> nature<00:11:18.279> of<00:11:18.399> the<00:11:19.079> sector 00:11:20.069 --> 00:11:20.079 align:start position:0% 10% 20% as the nature of the sector 00:11:20.079 --> 00:11:21.509 align:start position:0% 10% 20% as the nature of the sector second<00:11:20.399> is<00:11:20.560> that<00:11:20.720> it<00:11:20.839> is<00:11:21.000> required<00:11:21.360> to 00:11:21.509 --> 00:11:21.519 align:start position:0% second is that it is required to 00:11:21.519 --> 00:11:24.389 align:start position:0% second is that it is required to maintain<00:11:22.079> liquidity<00:11:22.639> now<00:11:22.800> what<00:11:22.920> is<00:11:23.399> liquidity 00:11:24.389 --> 00:11:24.399 align:start position:0% maintain liquidity now what is liquidity 00:11:24.399 --> 00:11:26.790 align:start position:0% maintain liquidity now what is liquidity liquidity<00:11:25.160> is<00:11:25.639> nothing<00:11:26.040> but<00:11:26.560> the 00:11:26.790 --> 00:11:26.800 align:start position:0% liquidity is nothing but the 00:11:26.800 --> 00:11:30.230 align:start position:0% liquidity is nothing but the availability<00:11:27.560> of<00:11:27.959> funds<00:11:28.959> that<00:11:29.360> you<00:11:29.519> can<00:11:29.800> use 00:11:30.230 --> 00:11:30.240 align:start position:0% availability of funds that you can use 00:11:30.240 --> 00:11:33.350 align:start position:0% availability of funds that you can use at<00:11:30.480> any<00:11:30.720> given<00:11:31.040> point<00:11:31.560> of<00:11:31.800> time<00:11:32.600> so<00:11:33.120> for 00:11:33.350 --> 00:11:33.360 align:start position:0% at any given point of time so for 00:11:33.360 --> 00:11:35.470 align:start position:0% at any given point of time so for example<00:11:33.800> if<00:11:33.959> I<00:11:34.079> have<00:11:34.320> already<00:11:34.680> lent<00:11:35.240> or 00:11:35.470 --> 00:11:35.480 align:start position:0% example if I have already lent or 00:11:35.480 --> 00:11:38.230 align:start position:0% example if I have already lent or already<00:11:35.920> spent<00:11:36.920> um<00:11:37.079> I<00:11:37.279> have<00:11:37.519> 100<00:11:37.760> rupees<00:11:38.079> to 00:11:38.230 --> 00:11:38.240 align:start position:0% already spent um I have 100 rupees to 00:11:38.240 --> 00:11:43.350 align:start position:0% already spent um I have 100 rupees to begin<00:11:38.800> my<00:11:39.399> uh<00:11:39.839> my<00:11:40.200> month<00:11:41.200> and<00:11:41.680> I<00:11:42.000> am<00:11:42.519> expecting 00:11:43.350 --> 00:11:43.360 align:start position:0% begin my uh my month and I am expecting 00:11:43.360 --> 00:11:46.430 align:start position:0% begin my uh my month and I am expecting you<00:11:43.519> know<00:11:43.920> 10<00:11:44.240> Rupees<00:11:44.519> to<00:11:44.639> flow<00:11:44.959> in<00:11:45.279> every<00:11:46.279> uh 00:11:46.430 --> 00:11:46.440 align:start position:0% you know 10 Rupees to flow in every uh 00:11:46.440 --> 00:11:49.190 align:start position:0% you know 10 Rupees to flow in every uh few<00:11:46.800> days<00:11:47.600> for<00:11:47.880> that<00:11:48.120> 100<00:11:48.399> rupees<00:11:48.760> to<00:11:48.880> be 00:11:49.190 --> 00:11:49.200 align:start position:0% few days for that 100 rupees to be 00:11:49.200 --> 00:11:52.750 align:start position:0% few days for that 100 rupees to be replenished<00:11:50.200> but<00:11:50.720> I'm<00:11:50.920> spending<00:11:51.360> 20<00:11:51.760> rupees 00:11:52.750 --> 00:11:52.760 align:start position:0% replenished but I'm spending 20 rupees 00:11:52.760 --> 00:11:55.670 align:start position:0% replenished but I'm spending 20 rupees every<00:11:53.000> few<00:11:53.399> days<00:11:54.279> uh<00:11:54.480> on<00:11:54.720> my<00:11:54.880> other<00:11:55.160> expenses 00:11:55.670 --> 00:11:55.680 align:start position:0% every few days uh on my other expenses 00:11:55.680 --> 00:11:57.790 align:start position:0% every few days uh on my other expenses so<00:11:55.839> what<00:11:55.959> will<00:11:56.200> happen<00:11:57.040> there<00:11:57.160> will<00:11:57.399> be<00:11:57.600> a 00:11:57.790 --> 00:11:57.800 align:start position:0% so what will happen there will be a 00:11:57.800 --> 00:11:59.389 align:start position:0% so what will happen there will be a there<00:11:57.920> will<00:11:58.040> be<00:11:58.160> a<00:11:58.320> situation<00:11:59.040> where<00:11:59.240> where 00:11:59.389 --> 00:11:59.399 align:start position:0% there will be a situation where where 00:11:59.399 --> 00:12:01.829 align:start position:0% there will be a situation where where that<00:11:59.600> 100<00:11:59.880> rupees<00:12:00.200> comes<00:12:00.440> down<00:12:00.600> to<00:12:00.800> zero<00:12:01.639> and 00:12:01.829 --> 00:12:01.839 align:start position:0% that 100 rupees comes down to zero and 00:12:01.839 --> 00:12:03.509 align:start position:0% that 100 rupees comes down to zero and all<00:12:02.000> of<00:12:02.160> that<00:12:02.320> money<00:12:02.560> has<00:12:02.760> actually<00:12:03.040> been<00:12:03.279> paid 00:12:03.509 --> 00:12:03.519 align:start position:0% all of that money has actually been paid 00:12:03.519 --> 00:12:05.509 align:start position:0% all of that money has actually been paid out<00:12:04.000> and<00:12:04.160> very<00:12:04.399> little<00:12:04.639> money<00:12:04.880> is<00:12:05.040> also<00:12:05.360> then 00:12:05.509 --> 00:12:05.519 align:start position:0% out and very little money is also then 00:12:05.519 --> 00:12:08.670 align:start position:0% out and very little money is also then coming<00:12:05.839> in<00:12:06.320> that<00:12:06.440> is<00:12:06.560> a<00:12:06.800> problem<00:12:07.079> of<00:12:07.680> liquidity 00:12:08.670 --> 00:12:08.680 align:start position:0% coming in that is a problem of liquidity 00:12:08.680 --> 00:12:11.670 align:start position:0% coming in that is a problem of liquidity very<00:12:08.920> simply<00:12:09.480> said<00:12:10.480> if<00:12:10.760> at<00:12:10.959> any<00:12:11.200> given<00:12:11.480> point 00:12:11.670 --> 00:12:11.680 align:start position:0% very simply said if at any given point 00:12:11.680 --> 00:12:14.150 align:start position:0% very simply said if at any given point of<00:12:11.920> time<00:12:12.560> you<00:12:12.760> don't<00:12:13.040> have<00:12:13.240> enough<00:12:13.560> balance<00:12:14.000> in 00:12:14.150 --> 00:12:14.160 align:start position:0% of time you don't have enough balance in 00:12:14.160 --> 00:12:16.670 align:start position:0% of time you don't have enough balance in the<00:12:14.399> account<00:12:15.199> to<00:12:15.399> take<00:12:15.600> care<00:12:15.839> of<00:12:16.440> the 00:12:16.670 --> 00:12:16.680 align:start position:0% the account to take care of the 00:12:16.680 --> 00:12:18.550 align:start position:0% the account to take care of the liabilities<00:12:17.360> that<00:12:17.519> you<00:12:17.720> have<00:12:18.000> liabilities 00:12:18.550 --> 00:12:18.560 align:start position:0% liabilities that you have liabilities 00:12:18.560 --> 00:12:20.509 align:start position:0% liabilities that you have liabilities meaning<00:12:18.880> the<00:12:19.040> payments<00:12:19.440> that<00:12:19.560> you<00:12:19.680> need<00:12:19.839> to<00:12:20.000> do 00:12:20.509 --> 00:12:20.519 align:start position:0% meaning the payments that you need to do 00:12:20.519 --> 00:12:22.629 align:start position:0% meaning the payments that you need to do you<00:12:20.720> have<00:12:20.839> a<00:12:21.040> liquidity<00:12:21.560> problem<00:12:22.399> so 00:12:22.629 --> 00:12:22.639 align:start position:0% you have a liquidity problem so 00:12:22.639 --> 00:12:25.230 align:start position:0% you have a liquidity problem so financial<00:12:23.279> management<00:12:24.279> the<00:12:24.480> control<00:12:24.959> and<00:12:25.120> the 00:12:25.230 --> 00:12:25.240 align:start position:0% financial management the control and the 00:12:25.240 --> 00:12:28.230 align:start position:0% financial management the control and the other<00:12:25.560> aspects<00:12:25.920> of<00:12:26.120> it<00:12:26.959> makes<00:12:27.320> sure<00:12:27.920> that<00:12:28.079> you 00:12:28.230 --> 00:12:28.240 align:start position:0% other aspects of it makes sure that you 00:12:28.240 --> 00:12:30.150 align:start position:0% other aspects of it makes sure that you have<00:12:28.480> enough<00:12:28.720> liquidity<00:12:29.320> available<00:12:29.720> in<00:12:29.920> your 00:12:30.150 --> 00:12:30.160 align:start position:0% have enough liquidity available in your 00:12:30.160 --> 00:12:32.670 align:start position:0% have enough liquidity available in your system<00:12:30.839> so<00:12:31.040> that<00:12:31.199> you<00:12:31.360> can<00:12:31.639> manage<00:12:32.120> operations 00:12:32.670 --> 00:12:32.680 align:start position:0% system so that you can manage operations 00:12:32.680 --> 00:12:35.189 align:start position:0% system so that you can manage operations well<00:12:32.959> so<00:12:33.160> this<00:12:33.279> is<00:12:33.720> very<00:12:34.000> important<00:12:34.760> and<00:12:34.959> we 00:12:35.189 --> 00:12:35.199 align:start position:0% well so this is very important and we 00:12:35.199 --> 00:12:39.310 align:start position:0% well so this is very important and we use<00:12:36.000> this<00:12:36.560> uh<00:12:36.839> the<00:12:37.120> terminology<00:12:38.120> cash<00:12:38.480> flows 00:12:39.310 --> 00:12:39.320 align:start position:0% use this uh the terminology cash flows 00:12:39.320 --> 00:12:42.069 align:start position:0% use this uh the terminology cash flows so<00:12:39.639> cash<00:12:39.959> flow<00:12:40.440> I'll<00:12:40.680> get<00:12:40.880> into<00:12:41.160> details<00:12:41.800> is 00:12:42.069 --> 00:12:42.079 align:start position:0% so cash flow I'll get into details is 00:12:42.079 --> 00:12:44.350 align:start position:0% so cash flow I'll get into details is basically<00:12:42.600> ensuring<00:12:43.320> that<00:12:43.560> enough<00:12:44.000> cash<00:12:44.240> is 00:12:44.350 --> 00:12:44.360 align:start position:0% basically ensuring that enough cash is 00:12:44.360 --> 00:12:46.829 align:start position:0% basically ensuring that enough cash is being<00:12:44.639> generated<00:12:45.639> while<00:12:46.079> some<00:12:46.279> of<00:12:46.440> it<00:12:46.680> is 00:12:46.829 --> 00:12:46.839 align:start position:0% being generated while some of it is 00:12:46.839 --> 00:12:48.670 align:start position:0% being generated while some of it is being<00:12:47.079> spent<00:12:47.600> there<00:12:47.760> is<00:12:47.920> enough<00:12:48.240> cash<00:12:48.519> in 00:12:48.670 --> 00:12:48.680 align:start position:0% being spent there is enough cash in 00:12:48.680 --> 00:12:50.230 align:start position:0% being spent there is enough cash in between<00:12:49.120> to<00:12:49.320> make<00:12:49.440> sure<00:12:49.680> that<00:12:49.800> you<00:12:49.920> can 00:12:50.230 --> 00:12:50.240 align:start position:0% between to make sure that you can 00:12:50.240 --> 00:12:53.150 align:start position:0% between to make sure that you can continue<00:12:51.240> optimal<00:12:51.720> resource<00:12:52.160> use<00:12:52.639> so<00:12:52.800> we<00:12:52.920> need 00:12:53.150 --> 00:12:53.160 align:start position:0% continue optimal resource use so we need 00:12:53.160 --> 00:12:55.150 align:start position:0% continue optimal resource use so we need to<00:12:53.279> make<00:12:53.440> sure<00:12:53.639> that<00:12:53.760> we<00:12:53.920> get<00:12:54.120> maximum<00:12:54.680> return 00:12:55.150 --> 00:12:55.160 align:start position:0% to make sure that we get maximum return 00:12:55.160 --> 00:12:57.030 align:start position:0% to make sure that we get maximum return so<00:12:55.399> financial<00:12:55.880> management<00:12:56.320> will<00:12:56.519> ensure<00:12:56.920> that 00:12:57.030 --> 00:12:57.040 align:start position:0% so financial management will ensure that 00:12:57.040 --> 00:12:59.470 align:start position:0% so financial management will ensure that we<00:12:57.240> give<00:12:57.519> those<00:12:57.800> resources<00:12:58.800> whether<00:12:59.279> is 00:12:59.470 --> 00:12:59.480 align:start position:0% we give those resources whether is 00:12:59.480 --> 00:13:01.629 align:start position:0% we give those resources whether is equipment<00:13:00.000> Manpower<00:13:00.519> or<00:13:00.720> others<00:13:01.240> to<00:13:01.440> make 00:13:01.629 --> 00:13:01.639 align:start position:0% equipment Manpower or others to make 00:13:01.639 --> 00:13:03.870 align:start position:0% equipment Manpower or others to make sure<00:13:02.000> that<00:13:02.240> resources<00:13:02.680> are<00:13:02.880> available<00:13:03.680> and 00:13:03.870 --> 00:13:03.880 align:start position:0% sure that resources are available and 00:13:03.880 --> 00:13:06.389 align:start position:0% sure that resources are available and then<00:13:04.040> on<00:13:04.240> top<00:13:04.399> of<00:13:04.600> that<00:13:04.959> make<00:13:05.160> sure<00:13:06.160> that<00:13:06.320> they 00:13:06.389 --> 00:13:06.399 align:start position:0% then on top of that make sure that they 00:13:06.399 --> 00:13:08.550 align:start position:0% then on top of that make sure that they are<00:13:06.560> being<00:13:06.760> optimally<00:13:07.279> use<00:13:07.519> utilized<00:13:08.240> so<00:13:08.440> what 00:13:08.550 --> 00:13:08.560 align:start position:0% are being optimally use utilized so what 00:13:08.560 --> 00:13:10.670 align:start position:0% are being optimally use utilized so what could<00:13:08.760> this<00:13:08.959> look<00:13:09.199> like<00:13:09.720> this<00:13:09.880> could<00:13:10.120> mean 00:13:10.670 --> 00:13:10.680 align:start position:0% could this look like this could mean 00:13:10.680 --> 00:13:13.110 align:start position:0% could this look like this could mean that<00:13:10.959> if<00:13:11.120> you<00:13:11.279> have<00:13:11.399> an<00:13:11.560> MRI<00:13:11.959> machine<00:13:12.680> how<00:13:12.839> many 00:13:13.110 --> 00:13:13.120 align:start position:0% that if you have an MRI machine how many 00:13:13.120 --> 00:13:15.629 align:start position:0% that if you have an MRI machine how many procedures<00:13:13.639> on<00:13:13.880> those<00:13:14.079> MRI<00:13:14.519> am<00:13:14.680> I<00:13:14.839> doing<00:13:15.360> am<00:13:15.480> I 00:13:15.629 --> 00:13:15.639 align:start position:0% procedures on those MRI am I doing am I 00:13:15.639 --> 00:13:18.069 align:start position:0% procedures on those MRI am I doing am I only<00:13:15.839> doing<00:13:16.120> a<00:13:16.279> single<00:13:16.560> digit<00:13:17.120> in<00:13:17.240> a<00:13:17.440> in<00:13:17.639> 24 00:13:18.069 --> 00:13:18.079 align:start position:0% only doing a single digit in a in 24 00:13:18.079 --> 00:13:21.230 align:start position:0% only doing a single digit in a in 24 hours<00:13:18.959> I<00:13:19.079> could<00:13:19.320> use<00:13:19.600> that<00:13:19.760> more<00:13:20.440> so<00:13:20.920> that<00:13:21.040> is 00:13:21.230 --> 00:13:21.240 align:start position:0% hours I could use that more so that is 00:13:21.240 --> 00:13:23.990 align:start position:0% hours I could use that more so that is the<00:13:21.480> way<00:13:21.880> we<00:13:22.079> look<00:13:22.320> at<00:13:22.959> optimal<00:13:23.560> resource 00:13:23.990 --> 00:13:24.000 align:start position:0% the way we look at optimal resource 00:13:24.000 --> 00:13:27.949 align:start position:0% the way we look at optimal resource utilization<00:13:24.880> to<00:13:25.160> drive<00:13:25.639> Financial<00:13:26.680> uh 00:13:27.949 --> 00:13:27.959 align:start position:0% utilization to drive Financial uh 00:13:27.959 --> 00:13:29.949 align:start position:0% utilization to drive Financial uh performance<00:13:28.959> and<00:13:29.120> and<00:13:29.240> then<00:13:29.360> budgeting<00:13:29.760> and 00:13:29.949 --> 00:13:29.959 align:start position:0% performance and and then budgeting and 00:13:29.959 --> 00:13:32.829 align:start position:0% performance and and then budgeting and financial<00:13:30.480> analysis<00:13:31.480> to<00:13:31.760> do<00:13:31.920> a<00:13:32.120> look<00:13:32.440> back<00:13:32.639> of 00:13:32.829 --> 00:13:32.839 align:start position:0% financial analysis to do a look back of 00:13:32.839 --> 00:13:34.870 align:start position:0% financial analysis to do a look back of how<00:13:33.000> you've<00:13:33.240> done<00:13:33.920> and<00:13:34.040> to<00:13:34.240> then<00:13:34.480> do<00:13:34.680> some 00:13:34.870 --> 00:13:34.880 align:start position:0% how you've done and to then do some 00:13:34.880 --> 00:13:36.590 align:start position:0% how you've done and to then do some future<00:13:35.240> projections<00:13:35.800> in<00:13:35.959> terms<00:13:36.199> of<00:13:36.360> what<00:13:36.480> you 00:13:36.590 --> 00:13:36.600 align:start position:0% future projections in terms of what you 00:13:36.600 --> 00:13:38.949 align:start position:0% future projections in terms of what you need<00:13:36.760> to<00:13:36.880> do<00:13:37.399> is<00:13:37.560> done<00:13:37.760> through<00:13:38.000> budgeting<00:13:38.720> and 00:13:38.949 --> 00:13:38.959 align:start position:0% need to do is done through budgeting and 00:13:38.959 --> 00:13:41.389 align:start position:0% need to do is done through budgeting and Analysis<00:13:39.680> so<00:13:39.880> that's<00:13:40.120> another<00:13:40.519> function<00:13:41.199> of 00:13:41.389 --> 00:13:41.399 align:start position:0% Analysis so that's another function of 00:13:41.399 --> 00:13:44.670 align:start position:0% Analysis so that's another function of what<00:13:41.600> financial<00:13:42.079> management<00:13:42.720> looks<00:13:43.079> like<00:13:44.000> so 00:13:44.670 --> 00:13:44.680 align:start position:0% what financial management looks like so 00:13:44.680 --> 00:13:47.069 align:start position:0% what financial management looks like so those<00:13:45.120> are<00:13:45.399> the<00:13:45.680> areas<00:13:46.360> that<00:13:46.600> we<00:13:46.880> have 00:13:47.069 --> 00:13:47.079 align:start position:0% those are the areas that we have 00:13:47.079 --> 00:13:50.069 align:start position:0% those are the areas that we have understood<00:13:47.639> to<00:13:47.760> be<00:13:48.120> important<00:13:49.120> now<00:13:49.519> how<00:13:49.720> does 00:13:50.069 --> 00:13:50.079 align:start position:0% understood to be important now how does 00:13:50.079 --> 00:13:53.069 align:start position:0% understood to be important now how does this<00:13:50.759> translate<00:13:51.759> into<00:13:52.360> a<00:13:52.519> financial 00:13:53.069 --> 00:13:53.079 align:start position:0% this translate into a financial 00:13:53.079 --> 00:13:54.670 align:start position:0% this translate into a financial management<00:13:53.519> for<00:13:53.720> the<00:13:53.880> healthcare<00:13:54.320> sector 00:13:54.670 --> 00:13:54.680 align:start position:0% management for the healthcare sector 00:13:54.680 --> 00:13:56.350 align:start position:0% management for the healthcare sector which<00:13:54.800> is<00:13:55.160> the<00:13:55.320> area<00:13:55.639> that<00:13:55.759> we<00:13:55.920> work<00:13:56.079> in<00:13:56.279> the 00:13:56.350 --> 00:13:56.360 align:start position:0% which is the area that we work in the 00:13:56.360 --> 00:13:59.389 align:start position:0% which is the area that we work in the field<00:13:56.680> that<00:13:56.800> we're<00:13:57.279> in<00:13:58.279> and<00:13:58.440> many<00:13:58.639> of<00:13:58.759> you<00:13:59.160> not 00:13:59.389 --> 00:13:59.399 align:start position:0% field that we're in and many of you not 00:13:59.399 --> 00:14:03.509 align:start position:0% field that we're in and many of you not actually<00:14:00.199> draw<00:14:00.639> the<00:14:01.040> link<00:14:01.360> to<00:14:01.560> it<00:14:02.320> but<00:14:03.240> uh 00:14:03.509 --> 00:14:03.519 align:start position:0% actually draw the link to it but uh 00:14:03.519 --> 00:14:06.470 align:start position:0% actually draw the link to it but uh ensuring<00:14:04.079> quality<00:14:04.800> Care<00:14:05.800> requires<00:14:06.320> good 00:14:06.470 --> 00:14:06.480 align:start position:0% ensuring quality Care requires good 00:14:06.480 --> 00:14:07.389 align:start position:0% ensuring quality Care requires good financial 00:14:07.389 --> 00:14:07.399 align:start position:0% financial 00:14:07.399 --> 00:14:09.949 align:start position:0% financial management<00:14:08.399> if<00:14:08.519> you<00:14:08.680> have<00:14:08.880> profitability<00:14:09.839> if 00:14:09.949 --> 00:14:09.959 align:start position:0% management if you have profitability if 00:14:09.959 --> 00:14:11.470 align:start position:0% management if you have profitability if you<00:14:10.079> have<00:14:10.279> good<00:14:10.440> liquidity<00:14:11.120> and<00:14:11.279> Good 00:14:11.470 --> 00:14:11.480 align:start position:0% you have good liquidity and Good 00:14:11.480 --> 00:14:14.230 align:start position:0% you have good liquidity and Good Financial<00:14:12.000> Planning<00:14:12.920> you<00:14:13.079> can<00:14:13.279> upgrade<00:14:14.120> you 00:14:14.230 --> 00:14:14.240 align:start position:0% Financial Planning you can upgrade you 00:14:14.240 --> 00:14:16.389 align:start position:0% Financial Planning you can upgrade you can<00:14:14.399> offer<00:14:14.720> more<00:14:14.920> services<00:14:15.880> and<00:14:16.040> you<00:14:16.160> could 00:14:16.389 --> 00:14:16.399 align:start position:0% can offer more services and you could 00:14:16.399 --> 00:14:19.509 align:start position:0% can offer more services and you could also<00:14:16.800> expand<00:14:17.320> services<00:14:18.199> so<00:14:18.440> ensuring<00:14:19.040> quality 00:14:19.509 --> 00:14:19.519 align:start position:0% also expand services so ensuring quality 00:14:19.519 --> 00:14:21.550 align:start position:0% also expand services so ensuring quality Care<00:14:20.240> can<00:14:20.440> only<00:14:20.680> be<00:14:20.839> done<00:14:21.079> through<00:14:21.360> Good 00:14:21.550 --> 00:14:21.560 align:start position:0% Care can only be done through Good 00:14:21.560 --> 00:14:24.110 align:start position:0% Care can only be done through Good Financial<00:14:22.000> Management<00:14:22.880> we<00:14:23.120> have<00:14:23.279> seen<00:14:23.600> this 00:14:24.110 --> 00:14:24.120 align:start position:0% Financial Management we have seen this 00:14:24.120 --> 00:14:26.189 align:start position:0% Financial Management we have seen this that<00:14:24.360> many<00:14:24.639> Healthcare<00:14:25.079> institutions<00:14:26.040> that 00:14:26.189 --> 00:14:26.199 align:start position:0% that many Healthcare institutions that 00:14:26.199 --> 00:14:29.110 align:start position:0% that many Healthcare institutions that do<00:14:26.360> not<00:14:26.639> offer<00:14:27.000> good<00:14:27.240> quality<00:14:28.079> often<00:14:28.680> the<00:14:28.839> is 00:14:29.110 --> 00:14:29.120 align:start position:0% do not offer good quality often the is 00:14:29.120 --> 00:14:31.790 align:start position:0% do not offer good quality often the is issue<00:14:29.399> is<00:14:29.759> poor<00:14:30.199> resource<00:14:31.199> uh<00:14:31.320> being<00:14:31.560> made 00:14:31.790 --> 00:14:31.800 align:start position:0% issue is poor resource uh being made 00:14:31.800 --> 00:14:33.870 align:start position:0% issue is poor resource uh being made available<00:14:32.199> to<00:14:32.440> them<00:14:32.880> and<00:14:33.079> why<00:14:33.199> is<00:14:33.399> that 00:14:33.870 --> 00:14:33.880 align:start position:0% available to them and why is that 00:14:33.880 --> 00:14:35.629 align:start position:0% available to them and why is that because<00:14:34.240> either<00:14:34.480> somebody's<00:14:34.920> trying<00:14:35.160> to<00:14:35.320> cut 00:14:35.629 --> 00:14:35.639 align:start position:0% because either somebody's trying to cut 00:14:35.639 --> 00:14:38.110 align:start position:0% because either somebody's trying to cut costs<00:14:36.519> or<00:14:36.720> somebody<00:14:37.120> is<00:14:37.240> not<00:14:37.480> spending<00:14:37.920> or 00:14:38.110 --> 00:14:38.120 align:start position:0% costs or somebody is not spending or 00:14:38.120 --> 00:14:40.230 align:start position:0% costs or somebody is not spending or does<00:14:38.279> not<00:14:38.480> have<00:14:38.600> the<00:14:38.759> means<00:14:39.079> to<00:14:39.279> spend<00:14:40.000> and 00:14:40.230 --> 00:14:40.240 align:start position:0% does not have the means to spend and 00:14:40.240 --> 00:14:42.509 align:start position:0% does not have the means to spend and therefore<00:14:40.839> quality<00:14:41.279> gets<00:14:41.639> compromised<00:14:42.320> just 00:14:42.509 --> 00:14:42.519 align:start position:0% therefore quality gets compromised just 00:14:42.519 --> 00:14:44.150 align:start position:0% therefore quality gets compromised just like<00:14:42.680> in<00:14:42.839> any<00:14:43.040> other<00:14:43.279> service<00:14:43.800> even<00:14:44.000> in 00:14:44.150 --> 00:14:44.160 align:start position:0% like in any other service even in 00:14:44.160 --> 00:14:46.670 align:start position:0% like in any other service even in healthcare<00:14:44.639> there's<00:14:44.800> a<00:14:44.959> direct<00:14:45.680> coration 00:14:46.670 --> 00:14:46.680 align:start position:0% healthcare there's a direct coration 00:14:46.680 --> 00:14:49.629 align:start position:0% healthcare there's a direct coration second<00:14:47.440> Financial<00:14:47.920> viability<00:14:48.880> we<00:14:49.000> are<00:14:49.240> only 00:14:49.629 --> 00:14:49.639 align:start position:0% second Financial viability we are only 00:14:49.639 --> 00:14:52.509 align:start position:0% second Financial viability we are only as<00:14:49.880> good<00:14:50.360> as<00:14:50.720> the<00:14:50.880> viability<00:14:51.519> of<00:14:51.680> a<00:14:51.920> project<00:14:52.320> or 00:14:52.509 --> 00:14:52.519 align:start position:0% as good as the viability of a project or 00:14:52.519 --> 00:14:55.470 align:start position:0% as good as the viability of a project or a<00:14:52.680> hospital<00:14:53.600> if<00:14:53.759> we<00:14:53.920> are<00:14:54.079> into<00:14:54.399> losses<00:14:55.360> there 00:14:55.470 --> 00:14:55.480 align:start position:0% a hospital if we are into losses there 00:14:55.480 --> 00:14:57.550 align:start position:0% a hospital if we are into losses there is<00:14:55.800> no<00:14:56.079> chance<00:14:56.720> that<00:14:56.880> you<00:14:57.000> could<00:14:57.240> have<00:14:57.399> an 00:14:57.550 --> 00:14:57.560 align:start position:0% is no chance that you could have an 00:14:57.560 --> 00:14:59.790 align:start position:0% is no chance that you could have an endless<00:14:58.040> Financial<00:14:58.480> line<00:14:59.040> coming<00:14:59.279> from 00:14:59.790 --> 00:14:59.800 align:start position:0% endless Financial line coming from 00:14:59.800 --> 00:15:02.509 align:start position:0% endless Financial line coming from Financial<00:15:00.759> uh<00:15:01.079> institutions<00:15:01.759> like<00:15:01.959> Banks<00:15:02.320> or 00:15:02.509 --> 00:15:02.519 align:start position:0% Financial uh institutions like Banks or 00:15:02.519 --> 00:15:05.870 align:start position:0% Financial uh institutions like Banks or others<00:15:03.279> so<00:15:03.839> to<00:15:04.160> make<00:15:04.600> make<00:15:04.800> sure<00:15:05.320> that<00:15:05.480> you<00:15:05.600> are 00:15:05.870 --> 00:15:05.880 align:start position:0% others so to make make sure that you are 00:15:05.880 --> 00:15:08.350 align:start position:0% others so to make make sure that you are viable<00:15:06.519> what<00:15:06.680> does<00:15:07.000> viability<00:15:07.440> mean<00:15:07.839> again 00:15:08.350 --> 00:15:08.360 align:start position:0% viable what does viability mean again 00:15:08.360 --> 00:15:11.110 align:start position:0% viable what does viability mean again just<00:15:08.560> like<00:15:08.839> cash<00:15:09.120> flow<00:15:10.000> uh<00:15:10.160> liquidity 00:15:11.110 --> 00:15:11.120 align:start position:0% just like cash flow uh liquidity 00:15:11.120 --> 00:15:13.590 align:start position:0% just like cash flow uh liquidity viability<00:15:11.800> means<00:15:12.440> that<00:15:12.639> the<00:15:12.800> money<00:15:13.199> that<00:15:13.360> I 00:15:13.590 --> 00:15:13.600 align:start position:0% viability means that the money that I 00:15:13.600 --> 00:15:15.829 align:start position:0% viability means that the money that I have<00:15:14.079> can<00:15:14.399> make<00:15:14.560> sure<00:15:14.839> that<00:15:15.120> next<00:15:15.360> year<00:15:15.560> I<00:15:15.639> can 00:15:15.829 --> 00:15:15.839 align:start position:0% have can make sure that next year I can 00:15:15.839 --> 00:15:18.350 align:start position:0% have can make sure that next year I can continue<00:15:16.240> my<00:15:16.440> operations<00:15:17.440> so<00:15:17.839> that<00:15:18.160> that<00:15:18.240> is 00:15:18.350 --> 00:15:18.360 align:start position:0% continue my operations so that that is 00:15:18.360 --> 00:15:20.910 align:start position:0% continue my operations so that that is the<00:15:18.560> type<00:15:18.720> of<00:15:18.920> viability<00:15:19.920> that<00:15:20.120> is<00:15:20.320> required 00:15:20.910 --> 00:15:20.920 align:start position:0% the type of viability that is required 00:15:20.920 --> 00:15:22.550 align:start position:0% the type of viability that is required and<00:15:21.120> that<00:15:21.240> can<00:15:21.440> only<00:15:21.720> come<00:15:21.880> through<00:15:22.320> Good 00:15:22.550 --> 00:15:22.560 align:start position:0% and that can only come through Good 00:15:22.560 --> 00:15:23.710 align:start position:0% and that can only come through Good Financial 00:15:23.710 --> 00:15:23.720 align:start position:0% Financial 00:15:23.720 --> 00:15:26.189 align:start position:0% Financial Management<00:15:24.720> the<00:15:24.880> third<00:15:25.160> is<00:15:25.600> it<00:15:25.759> helps<00:15:26.000> in 00:15:26.189 --> 00:15:26.199 align:start position:0% Management the third is it helps in 00:15:26.199 --> 00:15:28.550 align:start position:0% Management the third is it helps in decision<00:15:26.560> making<00:15:27.240> and<00:15:27.680> you<00:15:28.079> look<00:15:28.279> at<00:15:28.440> the 00:15:28.550 --> 00:15:28.560 align:start position:0% decision making and you look at the 00:15:28.560 --> 00:15:31.629 align:start position:0% decision making and you look at the financial<00:15:29.079> managers<00:15:29.440> and<00:15:29.639> say<00:15:30.199> can<00:15:30.360> I<00:15:30.680> upgrade 00:15:31.629 --> 00:15:31.639 align:start position:0% financial managers and say can I upgrade 00:15:31.639 --> 00:15:35.230 align:start position:0% financial managers and say can I upgrade my<00:15:32.319> uh<00:15:32.440> DG<00:15:32.880> set<00:15:33.279> this<00:15:33.440> year<00:15:34.040> can<00:15:34.199> I<00:15:34.519> upgrade<00:15:35.040> my 00:15:35.230 --> 00:15:35.240 align:start position:0% my uh DG set this year can I upgrade my 00:15:35.240 --> 00:15:38.189 align:start position:0% my uh DG set this year can I upgrade my OT<00:15:35.720> this<00:15:35.920> year<00:15:36.440> the<00:15:36.600> financial<00:15:37.160> management<00:15:38.000> uh 00:15:38.189 --> 00:15:38.199 align:start position:0% OT this year the financial management uh 00:15:38.199 --> 00:15:40.230 align:start position:0% OT this year the financial management uh good<00:15:38.399> financial<00:15:38.839> management<00:15:39.560> will<00:15:39.839> guide<00:15:40.079> you 00:15:40.230 --> 00:15:40.240 align:start position:0% good financial management will guide you 00:15:40.240 --> 00:15:42.110 align:start position:0% good financial management will guide you towards<00:15:40.600> that<00:15:40.839> decision<00:15:41.160> making 00:15:42.110 --> 00:15:42.120 align:start position:0% towards that decision making 00:15:42.120 --> 00:15:45.749 align:start position:0% towards that decision making saying<00:15:43.120> we<00:15:43.279> may<00:15:43.480> need<00:15:43.639> to<00:15:44.120> defer<00:15:45.120> the<00:15:45.319> spending 00:15:45.749 --> 00:15:45.759 align:start position:0% saying we may need to defer the spending 00:15:45.759 --> 00:15:47.710 align:start position:0% saying we may need to defer the spending that<00:15:45.880> we<00:15:46.040> have<00:15:46.160> in<00:15:46.319> mind<00:15:46.800> or<00:15:47.000> the<00:15:47.240> equipment 00:15:47.710 --> 00:15:47.720 align:start position:0% that we have in mind or the equipment 00:15:47.720 --> 00:15:49.870 align:start position:0% that we have in mind or the equipment that<00:15:47.880> we<00:15:48.000> want<00:15:48.199> to<00:15:48.360> buy<00:15:48.680> this<00:15:48.880> year<00:15:49.319> to<00:15:49.600> next 00:15:49.870 --> 00:15:49.880 align:start position:0% that we want to buy this year to next 00:15:49.880 --> 00:15:52.110 align:start position:0% that we want to buy this year to next year<00:15:50.519> and<00:15:50.759> that<00:15:50.920> way<00:15:51.079> we<00:15:51.199> can<00:15:51.399> ensure<00:15:51.800> that<00:15:52.000> we 00:15:52.110 --> 00:15:52.120 align:start position:0% year and that way we can ensure that we 00:15:52.120 --> 00:15:54.670 align:start position:0% year and that way we can ensure that we are<00:15:52.720> uh<00:15:52.880> we<00:15:53.000> are<00:15:53.160> profitable<00:15:53.680> also<00:15:54.240> but<00:15:54.399> at<00:15:54.560> the 00:15:54.670 --> 00:15:54.680 align:start position:0% are uh we are profitable also but at the 00:15:54.680 --> 00:15:56.990 align:start position:0% are uh we are profitable also but at the same<00:15:54.959> time<00:15:55.440> we<00:15:55.560> are<00:15:55.800> not<00:15:56.360> uh<00:15:56.600> we're<00:15:56.800> not 00:15:56.990 --> 00:15:57.000 align:start position:0% same time we are not uh we're not 00:15:57.000 --> 00:15:59.749 align:start position:0% same time we are not uh we're not compromising<00:15:57.680> on<00:15:57.959> care<00:15:58.279> so<00:15:59.040> that<00:15:59.199> is<00:15:59.399> another 00:15:59.749 --> 00:15:59.759 align:start position:0% compromising on care so that is another 00:15:59.759 --> 00:16:01.590 align:start position:0% compromising on care so that is another very<00:16:00.000> critical<00:16:00.399> role<00:16:00.920> that<00:16:01.120> financial 00:16:01.590 --> 00:16:01.600 align:start position:0% very critical role that financial 00:16:01.600 --> 00:16:03.949 align:start position:0% very critical role that financial management<00:16:02.160> plays<00:16:02.759> in<00:16:03.000> healthcare<00:16:03.680> which<00:16:03.839> is 00:16:03.949 --> 00:16:03.959 align:start position:0% management plays in healthcare which is 00:16:03.959 --> 00:16:07.230 align:start position:0% management plays in healthcare which is that<00:16:04.120> it<00:16:04.600> directs<00:16:05.600> how<00:16:06.000> you<00:16:06.160> can<00:16:06.399> spend<00:16:07.040> your 00:16:07.230 --> 00:16:07.240 align:start position:0% that it directs how you can spend your 00:16:07.240 --> 00:16:10.470 align:start position:0% that it directs how you can spend your money<00:16:07.959> and<00:16:08.160> then<00:16:08.319> you<00:16:08.440> can<00:16:08.800> also<00:16:09.720> influence 00:16:10.470 --> 00:16:10.480 align:start position:0% money and then you can also influence 00:16:10.480 --> 00:16:12.230 align:start position:0% money and then you can also influence Service<00:16:10.880> delivery<00:16:11.319> as<00:16:11.440> a<00:16:11.600> result<00:16:11.920> which<00:16:12.040> is 00:16:12.230 --> 00:16:12.240 align:start position:0% Service delivery as a result which is 00:16:12.240 --> 00:16:14.309 align:start position:0% Service delivery as a result which is which<00:16:12.360> is<00:16:12.560> obvious<00:16:13.040> that<00:16:13.480> if<00:16:13.639> you<00:16:13.839> are<00:16:14.120> going 00:16:14.309 --> 00:16:14.319 align:start position:0% which is obvious that if you are going 00:16:14.319 --> 00:16:16.790 align:start position:0% which is obvious that if you are going to<00:16:14.480> be<00:16:15.000> expanding<00:16:15.480> services<00:16:16.319> that<00:16:16.480> will<00:16:16.680> have 00:16:16.790 --> 00:16:16.800 align:start position:0% to be expanding services that will have 00:16:16.800 --> 00:16:19.230 align:start position:0% to be expanding services that will have an<00:16:17.000> impact<00:16:17.319> on<00:16:17.759> Service<00:16:18.160> delivery<00:16:18.839> but<00:16:19.000> at<00:16:19.120> the 00:16:19.230 --> 00:16:19.240 align:start position:0% an impact on Service delivery but at the 00:16:19.240 --> 00:16:20.870 align:start position:0% an impact on Service delivery but at the same<00:16:19.519> time<00:16:19.920> if<00:16:20.040> you're<00:16:20.199> not<00:16:20.360> spending<00:16:20.720> that 00:16:20.870 --> 00:16:20.880 align:start position:0% same time if you're not spending that 00:16:20.880 --> 00:16:23.870 align:start position:0% same time if you're not spending that money<00:16:21.399> there<00:16:21.560> is<00:16:21.720> going<00:16:21.920> to<00:16:22.079> be<00:16:22.600> a<00:16:23.000> uh<00:16:23.199> a<00:16:23.360> Lacuna 00:16:23.870 --> 00:16:23.880 align:start position:0% money there is going to be a uh a Lacuna 00:16:23.880 --> 00:16:25.790 align:start position:0% money there is going to be a uh a Lacuna that<00:16:24.000> will<00:16:24.199> develop<00:16:24.920> and<00:16:25.319> uh<00:16:25.519> that<00:16:25.639> is 00:16:25.790 --> 00:16:25.800 align:start position:0% that will develop and uh that is 00:16:25.800 --> 00:16:27.110 align:start position:0% that will develop and uh that is something<00:16:26.079> that<00:16:26.160> you<00:16:26.279> need<00:16:26.399> to<00:16:26.519> be<00:16:26.639> mindful<00:16:26.959> of 00:16:27.110 --> 00:16:27.120 align:start position:0% something that you need to be mindful of 00:16:27.120 --> 00:16:28.910 align:start position:0% something that you need to be mindful of so<00:16:27.600> the<00:16:27.839> guidance<00:16:28.319> that<00:16:28.440> can<00:16:28.560> be<00:16:28.680> provided 00:16:28.910 --> 00:16:28.920 align:start position:0% so the guidance that can be provided 00:16:28.920 --> 00:16:31.230 align:start position:0% so the guidance that can be provided provided<00:16:29.279> by<00:16:29.480> Financial<00:16:29.959> managers<00:16:30.759> is<00:16:31.000> very 00:16:31.230 --> 00:16:31.240 align:start position:0% provided by Financial managers is very 00:16:31.240 --> 00:16:35.509 align:start position:0% provided by Financial managers is very useful<00:16:31.959> for<00:16:32.279> any<00:16:32.800> healthcare<00:16:33.360> manager<00:16:34.160> or 00:16:35.509 --> 00:16:35.519 align:start position:0% useful for any healthcare manager or 00:16:35.519 --> 00:16:38.389 align:start position:0% useful for any healthcare manager or administrator<00:16:36.519> now<00:16:37.120> we<00:16:37.360> spoke<00:16:37.759> about<00:16:38.279> you 00:16:38.389 --> 00:16:38.399 align:start position:0% administrator now we spoke about you 00:16:38.399 --> 00:16:41.910 align:start position:0% administrator now we spoke about you know<00:16:39.240> uh<00:16:39.440> viability<00:16:40.079> and<00:16:40.319> stability<00:16:41.000> of<00:16:41.199> a<00:16:41.759> of 00:16:41.910 --> 00:16:41.920 align:start position:0% know uh viability and stability of a of 00:16:41.920 --> 00:16:45.189 align:start position:0% know uh viability and stability of a of a<00:16:42.160> a<00:16:42.360> hospital<00:16:43.360> now<00:16:43.920> how<00:16:44.120> is<00:16:44.360> that<00:16:44.600> done 00:16:45.189 --> 00:16:45.199 align:start position:0% a a hospital now how is that done 00:16:45.199 --> 00:16:48.309 align:start position:0% a a hospital now how is that done usually<00:16:46.199> uh<00:16:46.440> we<00:16:46.639> know<00:16:47.000> that<00:16:47.519> uhu<00:16:47.880> you<00:16:48.000> know 00:16:48.309 --> 00:16:48.319 align:start position:0% usually uh we know that uhu you know 00:16:48.319 --> 00:16:51.189 align:start position:0% usually uh we know that uhu you know Financial<00:16:48.959> effective<00:16:49.399> financial<00:16:50.199> management 00:16:51.189 --> 00:16:51.199 align:start position:0% Financial effective financial management 00:16:51.199 --> 00:16:53.829 align:start position:0% Financial effective financial management uh<00:16:51.480> is<00:16:51.880> is<00:16:52.079> really<00:16:52.440> important<00:16:53.279> as<00:16:53.399> I<00:16:53.560> gave<00:16:53.720> you 00:16:53.829 --> 00:16:53.839 align:start position:0% uh is is really important as I gave you 00:16:53.839 --> 00:16:56.550 align:start position:0% uh is is really important as I gave you the<00:16:53.959> reasons<00:16:54.440> to<00:16:55.079> monitor<00:16:55.639> how<00:16:55.839> we<00:16:55.959> are<00:16:56.279> we<00:16:56.399> are 00:16:56.550 --> 00:16:56.560 align:start position:0% the reasons to monitor how we are we are 00:16:56.560 --> 00:16:59.350 align:start position:0% the reasons to monitor how we are we are performing<00:16:57.519> so<00:16:57.959> one<00:16:58.240> important<00:16:58.959> aspect<00:16:59.199> that 00:16:59.350 --> 00:16:59.360 align:start position:0% performing so one important aspect that 00:16:59.360 --> 00:17:01.350 align:start position:0% performing so one important aspect that financial<00:16:59.759> management<00:17:00.240> will<00:17:00.399> do<00:17:00.600> for<00:17:00.759> you<00:17:01.240> is 00:17:01.350 --> 00:17:01.360 align:start position:0% financial management will do for you is 00:17:01.360 --> 00:17:04.029 align:start position:0% financial management will do for you is to<00:17:01.600> tell<00:17:01.839> you<00:17:02.519> that<00:17:03.040> this<00:17:03.160> is<00:17:03.399> your<00:17:03.639> current 00:17:04.029 --> 00:17:04.039 align:start position:0% to tell you that this is your current 00:17:04.039 --> 00:17:06.230 align:start position:0% to tell you that this is your current performance<00:17:04.959> and<00:17:05.199> this<00:17:05.319> is<00:17:05.480> where<00:17:05.679> you<00:17:05.799> are 00:17:06.230 --> 00:17:06.240 align:start position:0% performance and this is where you are 00:17:06.240 --> 00:17:08.470 align:start position:0% performance and this is where you are you<00:17:06.400> have<00:17:06.520> a<00:17:06.679> liquidity<00:17:07.240> issue<00:17:07.839> or<00:17:08.000> you<00:17:08.160> are 00:17:08.470 --> 00:17:08.480 align:start position:0% you have a liquidity issue or you are 00:17:08.480 --> 00:17:10.110 align:start position:0% you have a liquidity issue or you are very<00:17:08.839> good<00:17:09.039> in<00:17:09.160> the<00:17:09.319> green<00:17:09.640> so<00:17:09.799> you're 00:17:10.110 --> 00:17:10.120 align:start position:0% very good in the green so you're 00:17:10.120 --> 00:17:12.470 align:start position:0% very good in the green so you're profitable<00:17:11.120> or<00:17:11.480> you<00:17:11.600> know<00:17:11.760> we<00:17:11.919> have<00:17:12.160> extra 00:17:12.470 --> 00:17:12.480 align:start position:0% profitable or you know we have extra 00:17:12.480 --> 00:17:14.990 align:start position:0% profitable or you know we have extra Surplus<00:17:12.919> money<00:17:13.240> available<00:17:13.640> with<00:17:13.839> us<00:17:14.559> or<00:17:14.880> there 00:17:14.990 --> 00:17:15.000 align:start position:0% Surplus money available with us or there 00:17:15.000 --> 00:17:18.069 align:start position:0% Surplus money available with us or there is<00:17:15.120> a<00:17:15.360> rise<00:17:16.079> in<00:17:16.720> expenses<00:17:17.280> in<00:17:17.400> a<00:17:17.600> particular 00:17:18.069 --> 00:17:18.079 align:start position:0% is a rise in expenses in a particular 00:17:18.079 --> 00:17:20.590 align:start position:0% is a rise in expenses in a particular part<00:17:18.319> of<00:17:18.480> the<00:17:18.679> hospital<00:17:19.160> or<00:17:19.319> the<00:17:19.600> operations 00:17:20.590 --> 00:17:20.600 align:start position:0% part of the hospital or the operations 00:17:20.600 --> 00:17:23.350 align:start position:0% part of the hospital or the operations all<00:17:20.839> of<00:17:21.120> that<00:17:21.400> can<00:17:21.600> be<00:17:22.120> told<00:17:22.480> To<00:17:22.679> Us<00:17:23.120> by 00:17:23.350 --> 00:17:23.360 align:start position:0% all of that can be told To Us by 00:17:23.360 --> 00:17:26.110 align:start position:0% all of that can be told To Us by Financial<00:17:23.880> monitoring<00:17:24.880> and<00:17:25.160> therefore<00:17:25.919> it 00:17:26.110 --> 00:17:26.120 align:start position:0% Financial monitoring and therefore it 00:17:26.120 --> 00:17:27.510 align:start position:0% Financial monitoring and therefore it becomes<00:17:26.480> important<00:17:26.839> to<00:17:27.039> ensure<00:17:27.360> the 00:17:27.510 --> 00:17:27.520 align:start position:0% becomes important to ensure the 00:17:27.520 --> 00:17:29.990 align:start position:0% becomes important to ensure the stability<00:17:27.959> and<00:17:28.160> viability<00:17:28.600> of<00:17:28.960> any<00:17:29.200> Hospital 00:17:29.990 --> 00:17:30.000 align:start position:0% stability and viability of any Hospital 00:17:30.000 --> 00:17:33.029 align:start position:0% stability and viability of any Hospital entity<00:17:31.000> then<00:17:31.200> it<00:17:31.280> is<00:17:31.520> important<00:17:32.000> for<00:17:32.520> resource 00:17:33.029 --> 00:17:33.039 align:start position:0% entity then it is important for resource 00:17:33.039 --> 00:17:36.029 align:start position:0% entity then it is important for resource investment<00:17:33.960> where<00:17:34.200> do<00:17:34.400> we<00:17:34.720> actually<00:17:35.720> uh<00:17:35.919> you 00:17:36.029 --> 00:17:36.039 align:start position:0% investment where do we actually uh you 00:17:36.039 --> 00:17:38.669 align:start position:0% investment where do we actually uh you know<00:17:36.559> uh<00:17:36.679> spend<00:17:37.039> our<00:17:37.200> monies<00:17:37.640> that<00:17:37.799> we<00:17:38.000> have<00:17:38.400> to 00:17:38.669 --> 00:17:38.679 align:start position:0% know uh spend our monies that we have to 00:17:38.679 --> 00:17:41.310 align:start position:0% know uh spend our monies that we have to ensure<00:17:39.520> that<00:17:39.760> our<00:17:40.120> operational<00:17:40.720> and<00:17:40.880> service 00:17:41.310 --> 00:17:41.320 align:start position:0% ensure that our operational and service 00:17:41.320 --> 00:17:44.230 align:start position:0% ensure that our operational and service capabilities<00:17:42.280> are<00:17:42.559> maintained<00:17:43.120> or<00:17:43.320> even 00:17:44.230 --> 00:17:44.240 align:start position:0% capabilities are maintained or even 00:17:44.240 --> 00:17:46.270 align:start position:0% capabilities are maintained or even enhanced<00:17:45.240> so<00:17:45.440> that's<00:17:45.640> the<00:17:45.799> other<00:17:46.039> most 00:17:46.270 --> 00:17:46.280 align:start position:0% enhanced so that's the other most 00:17:46.280 --> 00:17:49.070 align:start position:0% enhanced so that's the other most important<00:17:46.720> aspect<00:17:47.039> since<00:17:47.600> in<00:17:47.919> healthcare<00:17:48.919> it 00:17:49.070 --> 00:17:49.080 align:start position:0% important aspect since in healthcare it 00:17:49.080 --> 00:17:51.310 align:start position:0% important aspect since in healthcare it is<00:17:49.679> uh<00:17:49.919> it<00:17:50.000> is<00:17:50.240> all<00:17:50.480> about<00:17:50.880> effective 00:17:51.310 --> 00:17:51.320 align:start position:0% is uh it is all about effective 00:17:51.320 --> 00:17:54.310 align:start position:0% is uh it is all about effective operational<00:17:52.000> management<00:17:53.000> and<00:17:53.240> also<00:17:53.520> the<00:17:54.080> care 00:17:54.310 --> 00:17:54.320 align:start position:0% operational management and also the care 00:17:54.320 --> 00:17:56.990 align:start position:0% operational management and also the care services<00:17:54.720> that<00:17:54.840> are<00:17:55.120> provided<00:17:56.120> and<00:17:56.360> then<00:17:56.760> most 00:17:56.990 --> 00:17:57.000 align:start position:0% services that are provided and then most 00:17:57.000 --> 00:17:58.830 align:start position:0% services that are provided and then most importantly<00:17:57.840> it<00:17:57.960> is<00:17:58.159> economic<00:17:58.559> res 00:17:58.830 --> 00:17:58.840 align:start position:0% importantly it is economic res 00:17:58.840 --> 00:18:02.510 align:start position:0% importantly it is economic res resilience<00:17:59.799> we<00:17:59.960> know<00:18:00.400> during<00:18:00.840> covid<00:18:01.760> that<00:18:02.240> uh 00:18:02.510 --> 00:18:02.520 align:start position:0% resilience we know during covid that uh 00:18:02.520 --> 00:18:05.630 align:start position:0% resilience we know during covid that uh while<00:18:02.880> hospitals<00:18:03.799> were<00:18:04.360> completely 00:18:05.630 --> 00:18:05.640 align:start position:0% while hospitals were completely 00:18:05.640 --> 00:18:08.230 align:start position:0% while hospitals were completely stretched<00:18:06.640> uh<00:18:06.960> and<00:18:07.120> we<00:18:07.280> were<00:18:07.480> not<00:18:07.760> impacted 00:18:08.230 --> 00:18:08.240 align:start position:0% stretched uh and we were not impacted 00:18:08.240 --> 00:18:10.549 align:start position:0% stretched uh and we were not impacted like<00:18:08.520> rest<00:18:08.760> of<00:18:08.880> the<00:18:09.080> economy<00:18:09.559> was<00:18:10.159> where<00:18:10.400> so 00:18:10.549 --> 00:18:10.559 align:start position:0% like rest of the economy was where so 00:18:10.559 --> 00:18:12.950 align:start position:0% like rest of the economy was where so many<00:18:10.799> institutions<00:18:11.400> shut<00:18:11.720> down<00:18:11.919> some<00:18:12.159> even 00:18:12.950 --> 00:18:12.960 align:start position:0% many institutions shut down some even 00:18:12.960 --> 00:18:16.110 align:start position:0% many institutions shut down some even permanently<00:18:13.960> uh<00:18:14.320> we<00:18:14.520> were<00:18:14.840> still<00:18:15.720> uh<00:18:15.880> having 00:18:16.110 --> 00:18:16.120 align:start position:0% permanently uh we were still uh having 00:18:16.120 --> 00:18:18.590 align:start position:0% permanently uh we were still uh having to<00:18:16.280> run<00:18:16.480> our<00:18:16.679> operations<00:18:17.679> but<00:18:17.960> many<00:18:18.320> many 00:18:18.590 --> 00:18:18.600 align:start position:0% to run our operations but many many 00:18:18.600 --> 00:18:21.310 align:start position:0% to run our operations but many many smaller<00:18:19.120> hospitals<00:18:20.120> which<00:18:20.320> could<00:18:20.520> not<00:18:21.159> which 00:18:21.310 --> 00:18:21.320 align:start position:0% smaller hospitals which could not which 00:18:21.320 --> 00:18:22.909 align:start position:0% smaller hospitals which could not which did<00:18:21.480> not<00:18:21.640> have<00:18:21.760> the<00:18:21.880> wherewithal<00:18:22.480> to<00:18:22.600> actually 00:18:22.909 --> 00:18:22.919 align:start position:0% did not have the wherewithal to actually 00:18:22.919 --> 00:18:24.909 align:start position:0% did not have the wherewithal to actually manage<00:18:23.320> covid<00:18:23.640> patients<00:18:24.280> and<00:18:24.440> no<00:18:24.679> other 00:18:24.909 --> 00:18:24.919 align:start position:0% manage covid patients and no other 00:18:24.919 --> 00:18:27.029 align:start position:0% manage covid patients and no other patients<00:18:25.280> were<00:18:25.440> coming<00:18:25.760> at<00:18:25.960> that<00:18:26.159> time<00:18:26.760> had 00:18:27.029 --> 00:18:27.039 align:start position:0% patients were coming at that time had 00:18:27.039 --> 00:18:29.669 align:start position:0% patients were coming at that time had effectively<00:18:27.520> shut<00:18:27.840> down<00:18:28.840> now<00:18:29.320> you<00:18:29.480> can 00:18:29.669 --> 00:18:29.679 align:start position:0% effectively shut down now you can 00:18:29.679 --> 00:18:31.830 align:start position:0% effectively shut down now you can probably<00:18:29.960> shut<00:18:30.240> down<00:18:30.480> operations<00:18:30.960> for<00:18:31.120> a<00:18:31.280> week 00:18:31.830 --> 00:18:31.840 align:start position:0% probably shut down operations for a week 00:18:31.840 --> 00:18:35.149 align:start position:0% probably shut down operations for a week for<00:18:32.039> 10<00:18:32.320> days<00:18:33.000> for<00:18:33.320> 2<00:18:33.600> months<00:18:34.400> depending<00:18:34.880> on 00:18:35.149 --> 00:18:35.159 align:start position:0% for 10 days for 2 months depending on 00:18:35.159 --> 00:18:37.669 align:start position:0% for 10 days for 2 months depending on how<00:18:35.520> resilient<00:18:36.039> you<00:18:36.200> are<00:18:36.960> resilience<00:18:37.480> is 00:18:37.669 --> 00:18:37.679 align:start position:0% how resilient you are resilience is 00:18:37.679 --> 00:18:40.669 align:start position:0% how resilient you are resilience is nothing<00:18:37.960> else<00:18:38.520> but<00:18:38.799> the<00:18:39.000> ability<00:18:39.400> to<00:18:39.720> absorb<00:18:40.440> a 00:18:40.669 --> 00:18:40.679 align:start position:0% nothing else but the ability to absorb a 00:18:40.679 --> 00:18:43.870 align:start position:0% nothing else but the ability to absorb a pressure<00:18:41.120> that<00:18:41.280> comes<00:18:41.520> onto<00:18:42.159> you<00:18:43.159> so<00:18:43.440> in<00:18:43.679> this 00:18:43.870 --> 00:18:43.880 align:start position:0% pressure that comes onto you so in this 00:18:43.880 --> 00:18:46.190 align:start position:0% pressure that comes onto you so in this case<00:18:44.240> it<00:18:44.400> may<00:18:44.600> be<00:18:44.799> an<00:18:44.960> economic<00:18:45.440> shock<00:18:46.000> that 00:18:46.190 --> 00:18:46.200 align:start position:0% case it may be an economic shock that 00:18:46.200 --> 00:18:48.710 align:start position:0% case it may be an economic shock that comes<00:18:46.760> that<00:18:46.960> suddenly<00:18:47.640> all<00:18:47.799> your<00:18:48.000> income<00:18:48.360> is 00:18:48.710 --> 00:18:48.720 align:start position:0% comes that suddenly all your income is 00:18:48.720 --> 00:18:51.390 align:start position:0% comes that suddenly all your income is gone<00:18:49.720> while<00:18:49.919> at<00:18:50.080> the<00:18:50.200> same<00:18:50.440> time<00:18:50.799> you<00:18:50.960> have<00:18:51.159> X 00:18:51.390 --> 00:18:51.400 align:start position:0% gone while at the same time you have X 00:18:51.400 --> 00:18:53.390 align:start position:0% gone while at the same time you have X number<00:18:51.640> of<00:18:51.799> staff<00:18:52.080> and<00:18:52.280> other<00:18:52.559> expenses 00:18:53.390 --> 00:18:53.400 align:start position:0% number of staff and other expenses 00:18:53.400 --> 00:18:55.310 align:start position:0% number of staff and other expenses including<00:18:53.840> utility<00:18:54.320> expenses<00:18:55.080> which 00:18:55.310 --> 00:18:55.320 align:start position:0% including utility expenses which 00:18:55.320 --> 00:18:57.350 align:start position:0% including utility expenses which continue<00:18:55.960> so<00:18:56.159> I<00:18:56.240> will<00:18:56.440> need<00:18:56.679> to<00:18:56.799> still<00:18:57.120> pay 00:18:57.350 --> 00:18:57.360 align:start position:0% continue so I will need to still pay 00:18:57.360 --> 00:18:59.510 align:start position:0% continue so I will need to still pay those<00:18:57.960> I<00:18:58.080> will<00:18:58.280> still<00:18:58.480> I<00:18:58.799> cannot<00:18:59.159> tell<00:18:59.360> my 00:18:59.510 --> 00:18:59.520 align:start position:0% those I will still I cannot tell my 00:18:59.520 --> 00:19:01.470 align:start position:0% those I will still I cannot tell my staff<00:18:59.799> I'm<00:18:59.919> not<00:19:00.080> going<00:19:00.240> to<00:19:00.400> pay<00:19:00.600> you<00:19:01.080> I'm<00:19:01.280> not 00:19:01.470 --> 00:19:01.480 align:start position:0% staff I'm not going to pay you I'm not 00:19:01.480 --> 00:19:03.510 align:start position:0% staff I'm not going to pay you I'm not going<00:19:01.640> to<00:19:02.000> not<00:19:02.320> pay<00:19:02.520> the<00:19:02.640> electricity<00:19:03.159> bill<00:19:03.400> or 00:19:03.510 --> 00:19:03.520 align:start position:0% going to not pay the electricity bill or 00:19:03.520 --> 00:19:06.750 align:start position:0% going to not pay the electricity bill or the<00:19:03.679> water<00:19:03.919> bill<00:19:04.600> so<00:19:05.320> can<00:19:05.520> you<00:19:05.760> survive<00:19:06.400> for 00:19:06.750 --> 00:19:06.760 align:start position:0% the water bill so can you survive for 00:19:06.760 --> 00:19:09.430 align:start position:0% the water bill so can you survive for two<00:19:06.960> three<00:19:07.120> months<00:19:07.440> without<00:19:07.760> any<00:19:08.240> Revenue<00:19:09.240> uh 00:19:09.430 --> 00:19:09.440 align:start position:0% two three months without any Revenue uh 00:19:09.440 --> 00:19:11.549 align:start position:0% two three months without any Revenue uh and<00:19:09.640> manage<00:19:10.000> to<00:19:10.159> spend<00:19:10.919> because<00:19:11.200> you<00:19:11.360> have 00:19:11.549 --> 00:19:11.559 align:start position:0% and manage to spend because you have 00:19:11.559 --> 00:19:13.870 align:start position:0% and manage to spend because you have that<00:19:11.760> buffer<00:19:12.120> with<00:19:12.280> you<00:19:12.440> or<00:19:12.559> you<00:19:12.720> don't<00:19:13.679> that 00:19:13.870 --> 00:19:13.880 align:start position:0% that buffer with you or you don't that 00:19:13.880 --> 00:19:16.029 align:start position:0% that buffer with you or you don't that is<00:19:14.120> economic<00:19:14.559> residence<00:19:15.080> so<00:19:15.280> good<00:19:15.520> financial 00:19:16.029 --> 00:19:16.039 align:start position:0% is economic residence so good financial 00:19:16.039 --> 00:19:18.630 align:start position:0% is economic residence so good financial management<00:19:16.840> will<00:19:17.159> make<00:19:17.360> sure<00:19:17.799> as<00:19:17.960> they<00:19:18.120> say 00:19:18.630 --> 00:19:18.640 align:start position:0% management will make sure as they say 00:19:18.640 --> 00:19:20.710 align:start position:0% management will make sure as they say there<00:19:18.760> is<00:19:18.960> something<00:19:19.760> in<00:19:19.919> the<00:19:20.120> bank<00:19:20.360> for<00:19:20.520> a 00:19:20.710 --> 00:19:20.720 align:start position:0% there is something in the bank for a 00:19:20.720 --> 00:19:24.230 align:start position:0% there is something in the bank for a rainy<00:19:21.120> day<00:19:21.720> so<00:19:22.039> when<00:19:22.360> that<00:19:22.600> income<00:19:23.200> gets<00:19:24.120> uh 00:19:24.230 --> 00:19:24.240 align:start position:0% rainy day so when that income gets uh 00:19:24.240 --> 00:19:25.909 align:start position:0% rainy day so when that income gets uh you<00:19:24.360> know<00:19:24.480> for<00:19:24.679> various<00:19:25.000> reasons<00:19:25.480> even<00:19:25.679> if<00:19:25.799> it 00:19:25.909 --> 00:19:25.919 align:start position:0% you know for various reasons even if it 00:19:25.919 --> 00:19:28.029 align:start position:0% you know for various reasons even if it is<00:19:26.080> not<00:19:26.320> covid<00:19:26.880> you<00:19:27.039> could<00:19:27.200> see<00:19:27.360> a<00:19:27.480> downturn<00:19:27.919> in 00:19:28.029 --> 00:19:28.039 align:start position:0% is not covid you could see a downturn in 00:19:28.039 --> 00:19:30.990 align:start position:0% is not covid you could see a downturn in your<00:19:28.200> business<00:19:28.919> what<00:19:29.120> if<00:19:29.400> a<00:19:29.679> leading<00:19:30.200> doctor 00:19:30.990 --> 00:19:31.000 align:start position:0% your business what if a leading doctor 00:19:31.000 --> 00:19:33.270 align:start position:0% your business what if a leading doctor leaves<00:19:31.360> your<00:19:31.600> hospital<00:19:32.400> and<00:19:32.640> therefore<00:19:33.120> all 00:19:33.270 --> 00:19:33.280 align:start position:0% leaves your hospital and therefore all 00:19:33.280 --> 00:19:35.110 align:start position:0% leaves your hospital and therefore all the<00:19:33.480> business<00:19:33.840> that<00:19:34.000> used<00:19:34.200> to<00:19:34.400> come<00:19:34.880> or 00:19:35.110 --> 00:19:35.120 align:start position:0% the business that used to come or 00:19:35.120 --> 00:19:36.750 align:start position:0% the business that used to come or financial<00:19:35.559> inflows<00:19:36.039> that<00:19:36.159> used<00:19:36.360> to<00:19:36.480> come 00:19:36.750 --> 00:19:36.760 align:start position:0% financial inflows that used to come 00:19:36.760 --> 00:19:39.310 align:start position:0% financial inflows that used to come because<00:19:36.960> of<00:19:37.159> this<00:19:37.360> doctor<00:19:37.799> or<00:19:38.080> their<00:19:38.320> team<00:19:39.120> has 00:19:39.310 --> 00:19:39.320 align:start position:0% because of this doctor or their team has 00:19:39.320 --> 00:19:41.270 align:start position:0% because of this doctor or their team has gone<00:19:40.120> and<00:19:40.280> there<00:19:40.440> is<00:19:40.600> now<00:19:40.760> going<00:19:40.919> to<00:19:41.039> be<00:19:41.159> a 00:19:41.270 --> 00:19:41.280 align:start position:0% gone and there is now going to be a 00:19:41.280 --> 00:19:43.990 align:start position:0% gone and there is now going to be a liquidity<00:19:41.880> issue<00:19:42.600> how<00:19:42.880> resilient<00:19:43.360> are<00:19:43.559> we<00:19:43.720> to 00:19:43.990 --> 00:19:44.000 align:start position:0% liquidity issue how resilient are we to 00:19:44.000 --> 00:19:47.190 align:start position:0% liquidity issue how resilient are we to look<00:19:44.240> at<00:19:44.840> generating<00:19:45.760> our<00:19:46.000> own<00:19:46.320> savings<00:19:47.000> or 00:19:47.190 --> 00:19:47.200 align:start position:0% look at generating our own savings or 00:19:47.200 --> 00:19:49.470 align:start position:0% look at generating our own savings or using<00:19:47.600> our<00:19:47.760> own<00:19:47.960> savings<00:19:48.360> to<00:19:48.559> generate<00:19:49.280> a 00:19:49.470 --> 00:19:49.480 align:start position:0% using our own savings to generate a 00:19:49.480 --> 00:19:51.029 align:start position:0% using our own savings to generate a continuity<00:19:49.960> of<00:19:50.120> operations<00:19:50.520> so<00:19:50.720> that<00:19:50.840> is 00:19:51.029 --> 00:19:51.039 align:start position:0% continuity of operations so that is 00:19:51.039 --> 00:19:52.950 align:start position:0% continuity of operations so that is economic<00:19:51.480> resilience<00:19:51.960> so<00:19:52.320> as<00:19:52.400> you<00:19:52.520> can<00:19:52.720> see<00:19:52.880> it 00:19:52.950 --> 00:19:52.960 align:start position:0% economic resilience so as you can see it 00:19:52.960 --> 00:19:55.070 align:start position:0% economic resilience so as you can see it is<00:19:53.159> very<00:19:53.360> important<00:19:54.320> the<00:19:54.480> other<00:19:54.760> thing<00:19:54.960> that 00:19:55.070 --> 00:19:55.080 align:start position:0% is very important the other thing that 00:19:55.080 --> 00:19:57.430 align:start position:0% is very important the other thing that it<00:19:55.240> does<00:19:55.679> is<00:19:55.840> to<00:19:56.000> help<00:19:56.280> streamline<00:19:56.880> operation 00:19:57.430 --> 00:19:57.440 align:start position:0% it does is to help streamline operation 00:19:57.440 --> 00:19:59.669 align:start position:0% it does is to help streamline operation efficiencies<00:19:58.440> how 00:19:59.669 --> 00:19:59.679 align:start position:0% efficiencies how 00:19:59.679 --> 00:20:03.149 align:start position:0% efficiencies how one<00:20:00.280> it<00:20:00.440> can<00:20:00.640> be<00:20:01.120> very<00:20:01.559> useful<00:20:02.240> in<00:20:02.440> identifying 00:20:03.149 --> 00:20:03.159 align:start position:0% one it can be very useful in identifying 00:20:03.159 --> 00:20:05.830 align:start position:0% one it can be very useful in identifying waste<00:20:04.120> we<00:20:04.320> often<00:20:04.559> see<00:20:04.880> this<00:20:05.080> that<00:20:05.320> if<00:20:05.440> you<00:20:05.559> see 00:20:05.830 --> 00:20:05.840 align:start position:0% waste we often see this that if you see 00:20:05.840 --> 00:20:08.230 align:start position:0% waste we often see this that if you see an<00:20:06.080> expense<00:20:06.440> sheet<00:20:07.240> you<00:20:07.360> can<00:20:07.600> then<00:20:07.919> actually 00:20:08.230 --> 00:20:08.240 align:start position:0% an expense sheet you can then actually 00:20:08.240 --> 00:20:09.870 align:start position:0% an expense sheet you can then actually see<00:20:08.480> under<00:20:08.760> which<00:20:08.960> heading<00:20:09.360> how<00:20:09.480> much<00:20:09.640> money 00:20:09.870 --> 00:20:09.880 align:start position:0% see under which heading how much money 00:20:09.880 --> 00:20:12.310 align:start position:0% see under which heading how much money you're<00:20:10.120> spending<00:20:10.840> you<00:20:11.000> could<00:20:11.200> analyze<00:20:11.679> trends 00:20:12.310 --> 00:20:12.320 align:start position:0% you're spending you could analyze trends 00:20:12.320 --> 00:20:14.070 align:start position:0% you're spending you could analyze trends that<00:20:12.520> over<00:20:12.679> the<00:20:12.880> past<00:20:13.120> three<00:20:13.360> years<00:20:13.960> the 00:20:14.070 --> 00:20:14.080 align:start position:0% that over the past three years the 00:20:14.080 --> 00:20:16.990 align:start position:0% that over the past three years the spending<00:20:14.480> on<00:20:14.720> let's<00:20:14.919> say<00:20:15.400> paper<00:20:16.000> on<00:20:16.200> A4<00:20:16.640> sheets 00:20:16.990 --> 00:20:17.000 align:start position:0% spending on let's say paper on A4 sheets 00:20:17.000 --> 00:20:19.750 align:start position:0% spending on let's say paper on A4 sheets on<00:20:17.240> printing<00:20:17.880> has<00:20:18.039> gone<00:20:18.240> up<00:20:18.400> by<00:20:18.559> x%<00:20:19.559> and 00:20:19.750 --> 00:20:19.760 align:start position:0% on printing has gone up by x% and 00:20:19.760 --> 00:20:21.669 align:start position:0% on printing has gone up by x% and therefore<00:20:20.159> we<00:20:20.280> should<00:20:20.799> be<00:20:21.000> looking<00:20:21.280> at<00:20:21.480> this 00:20:21.669 --> 00:20:21.679 align:start position:0% therefore we should be looking at this 00:20:21.679 --> 00:20:23.830 align:start position:0% therefore we should be looking at this very<00:20:21.880> seriously<00:20:22.600> and<00:20:22.799> how<00:20:22.919> can<00:20:23.080> we<00:20:23.200> streamline 00:20:23.830 --> 00:20:23.840 align:start position:0% very seriously and how can we streamline 00:20:23.840 --> 00:20:26.110 align:start position:0% very seriously and how can we streamline these<00:20:24.039> things<00:20:24.640> you<00:20:24.799> could<00:20:25.039> also<00:20:25.320> look<00:20:25.520> at 00:20:26.110 --> 00:20:26.120 align:start position:0% these things you could also look at 00:20:26.120 --> 00:20:27.669 align:start position:0% these things you could also look at areas<00:20:26.520> that<00:20:26.640> you're<00:20:26.880> operating<00:20:27.320> in<00:20:27.480> your 00:20:27.669 --> 00:20:27.679 align:start position:0% areas that you're operating in your 00:20:27.679 --> 00:20:29.470 align:start position:0% areas that you're operating in your hospital<00:20:28.080> and<00:20:28.200> say<00:20:28.679> well<00:20:28.799> if<00:20:28.880> we<00:20:29.000> Club<00:20:29.320> these 00:20:29.470 --> 00:20:29.480 align:start position:0% hospital and say well if we Club these 00:20:29.480 --> 00:20:31.230 align:start position:0% hospital and say well if we Club these two<00:20:29.679> areas<00:20:30.120> together<00:20:30.679> there<00:20:30.799> could<00:20:30.960> be<00:20:31.080> some 00:20:31.230 --> 00:20:31.240 align:start position:0% two areas together there could be some 00:20:31.240 --> 00:20:33.990 align:start position:0% two areas together there could be some streamlining<00:20:31.960> that<00:20:32.120> we<00:20:32.240> can<00:20:32.720> achieve<00:20:33.720> this 00:20:33.990 --> 00:20:34.000 align:start position:0% streamlining that we can achieve this 00:20:34.000 --> 00:20:35.750 align:start position:0% streamlining that we can achieve this logically<00:20:34.600> will<00:20:34.760> lead<00:20:35.000> to<00:20:35.200> some<00:20:35.480> cost 00:20:35.750 --> 00:20:35.760 align:start position:0% logically will lead to some cost 00:20:35.760 --> 00:20:37.710 align:start position:0% logically will lead to some cost reductions<00:20:36.559> and<00:20:36.760> which<00:20:36.880> is<00:20:37.080> always<00:20:37.400> good<00:20:37.559> to 00:20:37.710 --> 00:20:37.720 align:start position:0% reductions and which is always good to 00:20:37.720 --> 00:20:39.789 align:start position:0% reductions and which is always good to maintain<00:20:38.159> profitability<00:20:39.159> so<00:20:39.360> you<00:20:39.480> could<00:20:39.640> look 00:20:39.789 --> 00:20:39.799 align:start position:0% maintain profitability so you could look 00:20:39.799 --> 00:20:42.149 align:start position:0% maintain profitability so you could look at<00:20:39.960> redundancies<00:20:40.760> you<00:20:40.880> could<00:20:41.080> look<00:20:41.240> at<00:20:41.799> extra 00:20:42.149 --> 00:20:42.159 align:start position:0% at redundancies you could look at extra 00:20:42.159 --> 00:20:43.630 align:start position:0% at redundancies you could look at extra you<00:20:42.280> know<00:20:42.760> uh<00:20:42.919> things<00:20:43.120> that<00:20:43.240> you're<00:20:43.400> doing 00:20:43.630 --> 00:20:43.640 align:start position:0% you know uh things that you're doing 00:20:43.640 --> 00:20:45.549 align:start position:0% you know uh things that you're doing extra<00:20:44.000> and<00:20:44.120> over<00:20:44.320> and<00:20:44.480> above<00:20:44.960> which<00:20:45.080> are<00:20:45.280> not 00:20:45.549 --> 00:20:45.559 align:start position:0% extra and over and above which are not 00:20:45.559 --> 00:20:47.470 align:start position:0% extra and over and above which are not contributing<00:20:46.159> towards<00:20:46.520> the<00:20:46.960> operational 00:20:47.470 --> 00:20:47.480 align:start position:0% contributing towards the operational 00:20:47.480 --> 00:20:49.590 align:start position:0% contributing towards the operational excellence<00:20:48.200> or<00:20:48.480> patient<00:20:48.840> care<00:20:49.280> and<00:20:49.400> then 00:20:49.590 --> 00:20:49.600 align:start position:0% excellence or patient care and then 00:20:49.600 --> 00:20:53.430 align:start position:0% excellence or patient care and then reduce<00:20:50.039> them<00:20:50.919> it<00:20:51.039> can<00:20:51.400> also<00:20:51.840> enhance<00:20:52.440> service 00:20:53.430 --> 00:20:53.440 align:start position:0% reduce them it can also enhance service 00:20:53.440 --> 00:20:55.990 align:start position:0% reduce them it can also enhance service when<00:20:53.600> I<00:20:53.840> invest<00:20:54.679> when<00:20:54.840> I<00:20:55.159> invest<00:20:55.480> at<00:20:55.600> the<00:20:55.799> right 00:20:55.990 --> 00:20:56.000 align:start position:0% when I invest when I invest at the right 00:20:56.000 --> 00:20:57.870 align:start position:0% when I invest when I invest at the right place<00:20:56.240> at<00:20:56.400> the<00:20:56.559> right<00:20:56.799> time<00:20:57.280> I'm<00:20:57.440> going<00:20:57.640> to 00:20:57.870 --> 00:20:57.880 align:start position:0% place at the right time I'm going to 00:20:57.880 --> 00:21:00.149 align:start position:0% place at the right time I'm going to ensure<00:20:58.440> that<00:20:58.600> that<00:20:58.760> my<00:20:58.919> service<00:20:59.280> delivery<00:20:59.919> is 00:21:00.149 --> 00:21:00.159 align:start position:0% ensure that that my service delivery is 00:21:00.159 --> 00:21:03.750 align:start position:0% ensure that that my service delivery is improved<00:21:00.679> in<00:21:00.799> the<00:21:01.240> process<00:21:02.240> and<00:21:02.400> we<00:21:02.520> see<00:21:02.840> this 00:21:03.750 --> 00:21:03.760 align:start position:0% improved in the process and we see this 00:21:03.760 --> 00:21:07.590 align:start position:0% improved in the process and we see this as<00:21:04.440> hospitals<00:21:05.039> age<00:21:06.000> you<00:21:06.200> will<00:21:06.559> need<00:21:06.799> to<00:21:07.320> start 00:21:07.590 --> 00:21:07.600 align:start position:0% as hospitals age you will need to start 00:21:07.600 --> 00:21:10.269 align:start position:0% as hospitals age you will need to start to<00:21:07.880> upgrade<00:21:08.400> them<00:21:09.280> and<00:21:09.440> you<00:21:09.559> will<00:21:09.760> need<00:21:10.000> to 00:21:10.269 --> 00:21:10.279 align:start position:0% to upgrade them and you will need to 00:21:10.279 --> 00:21:12.510 align:start position:0% to upgrade them and you will need to look<00:21:10.480> at<00:21:10.799> new<00:21:11.120> equipment<00:21:11.799> you<00:21:11.919> will<00:21:12.120> need<00:21:12.320> to 00:21:12.510 --> 00:21:12.520 align:start position:0% look at new equipment you will need to 00:21:12.520 --> 00:21:15.149 align:start position:0% look at new equipment you will need to look<00:21:12.679> at<00:21:12.919> how<00:21:13.080> you<00:21:13.320> support<00:21:14.000> your<00:21:14.279> operations 00:21:15.149 --> 00:21:15.159 align:start position:0% look at how you support your operations 00:21:15.159 --> 00:21:18.070 align:start position:0% look at how you support your operations by<00:21:15.320> bringing<00:21:16.000> worldclass<00:21:16.960> facilities<00:21:17.880> and 00:21:18.070 --> 00:21:18.080 align:start position:0% by bringing worldclass facilities and 00:21:18.080 --> 00:21:20.029 align:start position:0% by bringing worldclass facilities and that<00:21:18.320> requires<00:21:19.000> an<00:21:19.200> upgradation<00:21:19.880> that 00:21:20.029 --> 00:21:20.039 align:start position:0% that requires an upgradation that 00:21:20.039 --> 00:21:22.990 align:start position:0% that requires an upgradation that requires<00:21:20.520> financial<00:21:21.039> support<00:21:21.880> and<00:21:22.440> that<00:21:22.760> will 00:21:22.990 --> 00:21:23.000 align:start position:0% requires financial support and that will 00:21:23.000 --> 00:21:25.269 align:start position:0% requires financial support and that will ensure<00:21:23.760> that<00:21:23.960> people<00:21:24.200> will<00:21:24.600> continue<00:21:24.960> to<00:21:25.120> come 00:21:25.269 --> 00:21:25.279 align:start position:0% ensure that people will continue to come 00:21:25.279 --> 00:21:26.990 align:start position:0% ensure that people will continue to come to<00:21:25.440> you<00:21:25.559> for<00:21:25.720> various<00:21:26.000> other<00:21:26.240> reasons<00:21:26.600> also 00:21:26.990 --> 00:21:27.000 align:start position:0% to you for various other reasons also 00:21:27.000 --> 00:21:29.990 align:start position:0% to you for various other reasons also that<00:21:27.360> they<00:21:28.760> the<00:21:28.919> other<00:21:29.159> important<00:21:29.559> aspect<00:21:29.880> is 00:21:29.990 --> 00:21:30.000 align:start position:0% that they the other important aspect is 00:21:30.000 --> 00:21:31.630 align:start position:0% that they the other important aspect is that<00:21:30.159> it's<00:21:30.440> enabling<00:21:31.159> growth<00:21:31.440> and 00:21:31.630 --> 00:21:31.640 align:start position:0% that it's enabling growth and 00:21:31.640 --> 00:21:33.430 align:start position:0% that it's enabling growth and development<00:21:32.400> so<00:21:32.559> if<00:21:32.679> you<00:21:32.840> have<00:21:33.159> good 00:21:33.430 --> 00:21:33.440 align:start position:0% development so if you have good 00:21:33.440 --> 00:21:35.990 align:start position:0% development so if you have good strategic<00:21:34.000> planning<00:21:34.799> you<00:21:35.159> allocate<00:21:35.720> your 00:21:35.990 --> 00:21:36.000 align:start position:0% strategic planning you allocate your 00:21:36.000 --> 00:21:38.470 align:start position:0% strategic planning you allocate your resources<00:21:36.720> well<00:21:37.480> then<00:21:37.679> you<00:21:37.799> can<00:21:38.039> actually 00:21:38.470 --> 00:21:38.480 align:start position:0% resources well then you can actually 00:21:38.480 --> 00:21:41.710 align:start position:0% resources well then you can actually grow<00:21:39.480> so<00:21:40.080> if<00:21:40.279> today<00:21:40.640> my<00:21:40.840> utilization<00:21:41.440> of<00:21:41.600> the 00:21:41.710 --> 00:21:41.720 align:start position:0% grow so if today my utilization of the 00:21:41.720 --> 00:21:43.470 align:start position:0% grow so if today my utilization of the MRI<00:21:42.159> that<00:21:42.279> I<00:21:42.440> gave<00:21:42.600> the<00:21:42.760> example<00:21:43.120> is<00:21:43.240> only 00:21:43.470 --> 00:21:43.480 align:start position:0% MRI that I gave the example is only 00:21:43.480 --> 00:21:46.269 align:start position:0% MRI that I gave the example is only doing<00:21:44.039> five<00:21:44.279> or<00:21:44.440> six<00:21:44.720> cases<00:21:45.000> in<00:21:45.159> 24<00:21:45.600> hours 00:21:46.269 --> 00:21:46.279 align:start position:0% doing five or six cases in 24 hours 00:21:46.279 --> 00:21:48.549 align:start position:0% doing five or six cases in 24 hours whereas<00:21:46.799> the<00:21:46.960> potential<00:21:47.360> is<00:21:47.520> to<00:21:48.200> make<00:21:48.400> that 00:21:48.549 --> 00:21:48.559 align:start position:0% whereas the potential is to make that 00:21:48.559 --> 00:21:51.029 align:start position:0% whereas the potential is to make that grow<00:21:48.799> to<00:21:48.919> say<00:21:49.120> 10<00:21:49.320> or<00:21:49.520> 12<00:21:50.360> if<00:21:50.480> I<00:21:50.640> have<00:21:50.840> good 00:21:51.029 --> 00:21:51.039 align:start position:0% grow to say 10 or 12 if I have good 00:21:51.039 --> 00:21:53.070 align:start position:0% grow to say 10 or 12 if I have good financial<00:21:51.520> planning<00:21:52.200> which<00:21:52.360> would<00:21:52.640> mean<00:21:52.880> that 00:21:53.070 --> 00:21:53.080 align:start position:0% financial planning which would mean that 00:21:53.080 --> 00:21:55.070 align:start position:0% financial planning which would mean that allocate<00:21:53.640> resources<00:21:54.480> maybe<00:21:54.720> you<00:21:54.840> don't 00:21:55.070 --> 00:21:55.080 align:start position:0% allocate resources maybe you don't 00:21:55.080 --> 00:21:57.070 align:start position:0% allocate resources maybe you don't operate<00:21:55.400> a<00:21:55.520> night<00:21:55.799> shift<00:21:56.159> right<00:21:56.320> now<00:21:56.760> so<00:21:56.960> if 00:21:57.070 --> 00:21:57.080 align:start position:0% operate a night shift right now so if 00:21:57.080 --> 00:21:59.870 align:start position:0% operate a night shift right now so if you<00:21:57.400> if<00:21:57.520> you<00:21:57.679> allocate<00:21:58.120> the<00:21:58.200> resour<00:21:58.880> sources 00:21:59.870 --> 00:21:59.880 align:start position:0% you if you allocate the resour sources 00:21:59.880 --> 00:22:02.430 align:start position:0% you if you allocate the resour sources Manpower<00:22:00.480> and<00:22:00.679> others<00:22:01.440> you<00:22:01.600> could<00:22:02.039> take<00:22:02.240> that 00:22:02.430 --> 00:22:02.440 align:start position:0% Manpower and others you could take that 00:22:02.440 --> 00:22:04.230 align:start position:0% Manpower and others you could take that number<00:22:02.720> from<00:22:02.919> six<00:22:03.200> MRIs<00:22:03.720> done<00:22:03.919> on<00:22:04.080> that 00:22:04.230 --> 00:22:04.240 align:start position:0% number from six MRIs done on that 00:22:04.240 --> 00:22:07.470 align:start position:0% number from six MRIs done on that machine<00:22:04.559> to<00:22:04.760> 12<00:22:05.159> or<00:22:05.360> 10<00:22:06.360> and<00:22:06.559> at<00:22:06.679> the<00:22:06.799> same<00:22:07.080> time 00:22:07.470 --> 00:22:07.480 align:start position:0% machine to 12 or 10 and at the same time 00:22:07.480 --> 00:22:09.669 align:start position:0% machine to 12 or 10 and at the same time you<00:22:07.640> will<00:22:07.840> also<00:22:08.120> factor<00:22:08.440> in<00:22:08.679> that<00:22:09.200> with<00:22:09.440> that 00:22:09.669 --> 00:22:09.679 align:start position:0% you will also factor in that with that 00:22:09.679 --> 00:22:13.390 align:start position:0% you will also factor in that with that extra<00:22:10.120> hours<00:22:10.960> we<00:22:11.080> would<00:22:11.480> also<00:22:11.840> be<00:22:12.279> spending<00:22:13.039> on 00:22:13.390 --> 00:22:13.400 align:start position:0% extra hours we would also be spending on 00:22:13.400 --> 00:22:15.110 align:start position:0% extra hours we would also be spending on these<00:22:13.640> utilities<00:22:14.240> we<00:22:14.320> will<00:22:14.480> be<00:22:14.640> spending<00:22:14.960> on 00:22:15.110 --> 00:22:15.120 align:start position:0% these utilities we will be spending on 00:22:15.120 --> 00:22:17.190 align:start position:0% these utilities we will be spending on these<00:22:15.320> things<00:22:15.480> on<00:22:15.640> the<00:22:15.760> patient<00:22:16.120> care<00:22:16.640> X<00:22:16.919> Y<00:22:17.039> and 00:22:17.190 --> 00:22:17.200 align:start position:0% these things on the patient care X Y and 00:22:17.200 --> 00:22:19.149 align:start position:0% these things on the patient care X Y and Z<00:22:17.600> so<00:22:17.760> that<00:22:17.880> is<00:22:18.000> a<00:22:18.159> financial<00:22:18.600> planning<00:22:19.039> that 00:22:19.149 --> 00:22:19.159 align:start position:0% Z so that is a financial planning that 00:22:19.159 --> 00:22:22.269 align:start position:0% Z so that is a financial planning that you<00:22:19.320> will<00:22:19.960> put<00:22:20.279> into<00:22:20.640> the<00:22:20.960> on<00:22:21.200> pen<00:22:21.400> and<00:22:21.600> paper 00:22:22.269 --> 00:22:22.279 align:start position:0% you will put into the on pen and paper 00:22:22.279 --> 00:22:24.430 align:start position:0% you will put into the on pen and paper and<00:22:22.559> ultimately<00:22:23.360> you<00:22:23.480> will<00:22:23.640> be<00:22:23.799> looking<00:22:24.039> at 00:22:24.430 --> 00:22:24.440 align:start position:0% and ultimately you will be looking at 00:22:24.440 --> 00:22:26.149 align:start position:0% and ultimately you will be looking at growth<00:22:24.919> in<00:22:25.120> this<00:22:25.320> case<00:22:25.480> it<00:22:25.559> will<00:22:25.679> be<00:22:25.840> the 00:22:26.149 --> 00:22:26.159 align:start position:0% growth in this case it will be the 00:22:26.159 --> 00:22:28.870 align:start position:0% growth in this case it will be the utilization<00:22:26.799> of<00:22:26.919> the<00:22:27.039> MRI<00:22:27.440> machine<00:22:28.679> then 00:22:28.870 --> 00:22:28.880 align:start position:0% utilization of the MRI machine then 00:22:28.880 --> 00:22:31.230 align:start position:0% utilization of the MRI machine then resource<00:22:29.320> allocation<00:22:30.279> many<00:22:30.600> hospitals<00:22:31.039> are 00:22:31.230 --> 00:22:31.240 align:start position:0% resource allocation many hospitals are 00:22:31.240 --> 00:22:34.070 align:start position:0% resource allocation many hospitals are now<00:22:31.480> doubling<00:22:31.919> down<00:22:32.520> from<00:22:32.919> Super<00:22:33.320> specialty 00:22:34.070 --> 00:22:34.080 align:start position:0% now doubling down from Super specialty 00:22:34.080 --> 00:22:37.070 align:start position:0% now doubling down from Super specialty to<00:22:34.400> a<00:22:34.600> focus<00:22:35.120> on<00:22:35.520> a<00:22:35.679> single<00:22:36.000> specialty<00:22:36.880> or 00:22:37.070 --> 00:22:37.080 align:start position:0% to a focus on a single specialty or 00:22:37.080 --> 00:22:39.149 align:start position:0% to a focus on a single specialty or multi-p<00:22:37.559> specialty<00:22:38.279> but<00:22:38.440> not<00:22:38.720> all 00:22:39.149 --> 00:22:39.159 align:start position:0% multi-p specialty but not all 00:22:39.159 --> 00:22:42.669 align:start position:0% multi-p specialty but not all Specialties<00:22:40.159> that<00:22:40.320> is<00:22:40.760> a<00:22:41.360> if<00:22:41.640> that<00:22:41.760> is<00:22:41.960> one<00:22:42.240> way 00:22:42.669 --> 00:22:42.679 align:start position:0% Specialties that is a if that is one way 00:22:42.679 --> 00:22:44.590 align:start position:0% Specialties that is a if that is one way of<00:22:42.840> saying<00:22:43.200> that<00:22:43.400> look<00:22:43.960> that<00:22:44.080> is<00:22:44.240> where<00:22:44.480> my 00:22:44.590 --> 00:22:44.600 align:start position:0% of saying that look that is where my 00:22:44.600 --> 00:22:46.350 align:start position:0% of saying that look that is where my strength<00:22:44.919> lies<00:22:45.320> and<00:22:45.440> I'm<00:22:45.559> going<00:22:45.720> to<00:22:45.880> allocate 00:22:46.350 --> 00:22:46.360 align:start position:0% strength lies and I'm going to allocate 00:22:46.360 --> 00:22:48.510 align:start position:0% strength lies and I'm going to allocate all<00:22:46.520> my<00:22:46.720> resources<00:22:47.200> in<00:22:47.360> it<00:22:47.760> so<00:22:47.919> if<00:22:48.039> you<00:22:48.200> have<00:22:48.320> a 00:22:48.510 --> 00:22:48.520 align:start position:0% all my resources in it so if you have a 00:22:48.520 --> 00:22:50.230 align:start position:0% all my resources in it so if you have a hospital<00:22:48.919> which<00:22:49.039> is<00:22:49.120> known<00:22:49.320> for<00:22:49.520> cardiac 00:22:50.230 --> 00:22:50.240 align:start position:0% hospital which is known for cardiac 00:22:50.240 --> 00:22:52.789 align:start position:0% hospital which is known for cardiac Services<00:22:51.039> may<00:22:51.240> have<00:22:51.440> expanded<00:22:51.919> into<00:22:52.200> others 00:22:52.789 --> 00:22:52.799 align:start position:0% Services may have expanded into others 00:22:52.799 --> 00:22:55.350 align:start position:0% Services may have expanded into others but<00:22:53.000> now<00:22:53.279> feels<00:22:53.840> that<00:22:54.039> I<00:22:54.159> need<00:22:54.360> to<00:22:54.559> since<00:22:55.120> my 00:22:55.350 --> 00:22:55.360 align:start position:0% but now feels that I need to since my 00:22:55.360 --> 00:22:57.630 align:start position:0% but now feels that I need to since my growth<00:22:55.760> engine<00:22:56.200> is<00:22:56.360> going<00:22:56.520> to<00:22:56.679> be<00:22:56.919> cardiac<00:22:57.520> in 00:22:57.630 --> 00:22:57.640 align:start position:0% growth engine is going to be cardiac in 00:22:57.640 --> 00:23:00.710 align:start position:0% growth engine is going to be cardiac in the<00:22:57.760> years<00:22:58.000> ahead<00:22:58.240> also<00:22:58.520> so<00:22:59.080> let<00:22:59.320> me<00:23:00.200> uh<00:23:00.360> double 00:23:00.710 --> 00:23:00.720 align:start position:0% the years ahead also so let me uh double 00:23:00.720 --> 00:23:04.470 align:start position:0% the years ahead also so let me uh double down<00:23:01.000> and<00:23:01.640> align<00:23:02.279> X<00:23:02.720> Plus<00:23:03.159> resources<00:23:03.720> to<00:23:03.880> it<00:23:04.360> it 00:23:04.470 --> 00:23:04.480 align:start position:0% down and align X Plus resources to it it 00:23:04.480 --> 00:23:07.269 align:start position:0% down and align X Plus resources to it it could<00:23:04.640> be<00:23:04.760> the<00:23:05.120> reverse<00:23:06.120> you<00:23:06.279> could<00:23:06.520> say<00:23:07.120> that 00:23:07.269 --> 00:23:07.279 align:start position:0% could be the reverse you could say that 00:23:07.279 --> 00:23:10.230 align:start position:0% could be the reverse you could say that we<00:23:07.400> have<00:23:07.559> saturated<00:23:08.279> our<00:23:08.600> market<00:23:09.039> in<00:23:09.200> terms<00:23:09.559> of 00:23:10.230 --> 00:23:10.240 align:start position:0% we have saturated our market in terms of 00:23:10.240 --> 00:23:12.149 align:start position:0% we have saturated our market in terms of the<00:23:10.760> uh<00:23:10.919> the<00:23:11.080> business<00:23:11.440> that<00:23:11.559> we<00:23:11.720> got<00:23:11.919> from 00:23:12.149 --> 00:23:12.159 align:start position:0% the uh the business that we got from 00:23:12.159 --> 00:23:14.789 align:start position:0% the uh the business that we got from giac<00:23:12.640> Services<00:23:13.480> let's<00:23:13.720> now<00:23:13.919> move<00:23:14.159> to<00:23:14.360> neuro 00:23:14.789 --> 00:23:14.799 align:start position:0% giac Services let's now move to neuro 00:23:14.799 --> 00:23:16.990 align:start position:0% giac Services let's now move to neuro let's<00:23:15.000> now<00:23:15.159> move<00:23:15.400> to<00:23:15.559> onco<00:23:16.320> so<00:23:16.520> those<00:23:16.679> are<00:23:16.840> the 00:23:16.990 --> 00:23:17.000 align:start position:0% let's now move to onco so those are the 00:23:17.000 --> 00:23:19.310 align:start position:0% let's now move to onco so those are the type<00:23:17.200> of<00:23:17.360> decisions<00:23:18.120> where<00:23:18.400> then<00:23:18.799> resources 00:23:19.310 --> 00:23:19.320 align:start position:0% type of decisions where then resources 00:23:19.320 --> 00:23:21.269 align:start position:0% type of decisions where then resources are<00:23:19.520> then<00:23:19.679> allocated<00:23:20.520> as<00:23:20.679> per<00:23:20.919> the 00:23:21.269 --> 00:23:21.279 align:start position:0% are then allocated as per the 00:23:21.279 --> 00:23:23.909 align:start position:0% are then allocated as per the requirement<00:23:21.880> or<00:23:22.080> your<00:23:22.320> strategic<00:23:22.919> planning 00:23:23.909 --> 00:23:23.919 align:start position:0% requirement or your strategic planning 00:23:23.919 --> 00:23:26.190 align:start position:0% requirement or your strategic planning and<00:23:24.120> then<00:23:24.279> it<00:23:24.400> is<00:23:24.600> to<00:23:24.880> adapt<00:23:25.360> to<00:23:25.840> new 00:23:26.190 --> 00:23:26.200 align:start position:0% and then it is to adapt to new 00:23:26.200 --> 00:23:28.669 align:start position:0% and then it is to adapt to new healthcare<00:23:26.640> needs<00:23:27.400> we've<00:23:27.640> seen<00:23:27.960> this<00:23:28.520> we've 00:23:28.669 --> 00:23:28.679 align:start position:0% healthcare needs we've seen this we've 00:23:28.679 --> 00:23:31.430 align:start position:0% healthcare needs we've seen this we've seen<00:23:28.960> a<00:23:29.159> change<00:23:29.559> in<00:23:29.799> patterns<00:23:30.600> we've<00:23:30.840> seen 00:23:31.430 --> 00:23:31.440 align:start position:0% seen a change in patterns we've seen 00:23:31.440 --> 00:23:33.470 align:start position:0% seen a change in patterns we've seen change<00:23:31.840> in<00:23:32.039> disease<00:23:32.440> profiles<00:23:33.200> and<00:23:33.320> then 00:23:33.470 --> 00:23:33.480 align:start position:0% change in disease profiles and then 00:23:33.480 --> 00:23:35.990 align:start position:0% change in disease profiles and then we've<00:23:33.720> also<00:23:33.919> seen<00:23:34.720> outlier<00:23:35.279> events<00:23:35.720> like 00:23:35.990 --> 00:23:36.000 align:start position:0% we've also seen outlier events like 00:23:36.000 --> 00:23:39.909 align:start position:0% we've also seen outlier events like covid<00:23:36.720> which<00:23:37.200> uh<00:23:37.600> actually<00:23:38.600> need<00:23:39.120> or<00:23:39.400> ensure 00:23:39.909 --> 00:23:39.919 align:start position:0% covid which uh actually need or ensure 00:23:39.919 --> 00:23:42.110 align:start position:0% covid which uh actually need or ensure that<00:23:40.080> we<00:23:40.320> adapt<00:23:40.679> to<00:23:40.840> new<00:23:41.039> healthcare<00:23:41.440> needs<00:23:42.000> it 00:23:42.110 --> 00:23:42.120 align:start position:0% that we adapt to new healthcare needs it 00:23:42.120 --> 00:23:44.310 align:start position:0% that we adapt to new healthcare needs it is<00:23:42.320> not<00:23:42.640> possible<00:23:43.080> without<00:23:43.440> good<00:23:43.880> financial 00:23:44.310 --> 00:23:44.320 align:start position:0% is not possible without good financial 00:23:44.320 --> 00:23:46.669 align:start position:0% is not possible without good financial management<00:23:45.120> or 00:23:46.669 --> 00:23:46.679 align:start position:0% management or 00:23:46.679 --> 00:23:50.669 align:start position:0% management or support<00:23:47.679> and<00:23:48.000> now<00:23:48.640> uh<00:23:48.799> We've<00:23:49.039> understood<00:23:50.039> the 00:23:50.669 --> 00:23:50.679 align:start position:0% support and now uh We've understood the 00:23:50.679 --> 00:23:54.750 align:start position:0% support and now uh We've understood the the<00:23:51.080> the<00:23:51.360> broad<00:23:51.799> Contours<00:23:52.679> of<00:23:53.360> uh<00:23:54.360> excuse<00:23:54.640> me 00:23:54.750 --> 00:23:54.760 align:start position:0% the the broad Contours of uh excuse me 00:23:54.760 --> 00:23:57.710 align:start position:0% the the broad Contours of uh excuse me broad<00:23:55.080> Contours<00:23:55.600> of<00:23:55.799> financial<00:23:56.720> management 00:23:57.710 --> 00:23:57.720 align:start position:0% broad Contours of financial management 00:23:57.720 --> 00:24:00.149 align:start position:0% broad Contours of financial management controls<00:23:58.919> we've<00:23:59.159> looked<00:23:59.400> at<00:23:59.679> why<00:23:59.840> they<00:23:59.960> are 00:24:00.149 --> 00:24:00.159 align:start position:0% controls we've looked at why they are 00:24:00.159 --> 00:24:02.950 align:start position:0% controls we've looked at why they are critical<00:24:00.559> for<00:24:00.960> hospitals<00:24:01.960> how<00:24:02.200> hospitals<00:24:02.720> get 00:24:02.950 --> 00:24:02.960 align:start position:0% critical for hospitals how hospitals get 00:24:02.960 --> 00:24:05.390 align:start position:0% critical for hospitals how hospitals get impacted<00:24:03.520> by<00:24:03.720> them<00:24:04.320> and<00:24:04.640> why<00:24:04.840> they<00:24:04.960> are<00:24:05.120> so 00:24:05.390 --> 00:24:05.400 align:start position:0% impacted by them and why they are so 00:24:05.400 --> 00:24:08.510 align:start position:0% impacted by them and why they are so important<00:24:06.120> in<00:24:06.400> the<00:24:06.600> viability<00:24:07.559> and<00:24:07.720> stability 00:24:08.510 --> 00:24:08.520 align:start position:0% important in the viability and stability 00:24:08.520 --> 00:24:11.630 align:start position:0% important in the viability and stability of<00:24:09.120> of<00:24:09.320> an<00:24:09.520> operation<00:24:10.360> and<00:24:10.559> how<00:24:10.919> if<00:24:11.080> you<00:24:11.240> are<00:24:11.400> a 00:24:11.630 --> 00:24:11.640 align:start position:0% of of an operation and how if you are a 00:24:11.640 --> 00:24:13.710 align:start position:0% of of an operation and how if you are a hospital<00:24:12.159> administrator<00:24:13.159> you<00:24:13.279> could<00:24:13.480> be 00:24:13.710 --> 00:24:13.720 align:start position:0% hospital administrator you could be 00:24:13.720 --> 00:24:16.789 align:start position:0% hospital administrator you could be asking<00:24:14.120> those<00:24:14.480> questions<00:24:15.320> as<00:24:15.480> to<00:24:16.159> uh<00:24:16.400> why<00:24:16.640> we 00:24:16.789 --> 00:24:16.799 align:start position:0% asking those questions as to uh why we 00:24:16.799 --> 00:24:18.070 align:start position:0% asking those questions as to uh why we should<00:24:17.000> be<00:24:17.159> looking<00:24:17.400> at<00:24:17.600> financial 00:24:18.070 --> 00:24:18.080 align:start position:0% should be looking at financial 00:24:18.080 --> 00:24:20.029 align:start position:0% should be looking at financial management<00:24:18.840> and<00:24:19.000> what<00:24:19.120> are<00:24:19.279> the<00:24:19.480> areas<00:24:19.799> and 00:24:20.029 --> 00:24:20.039 align:start position:0% management and what are the areas and 00:24:20.039 --> 00:24:21.870 align:start position:0% management and what are the areas and aspects<00:24:20.360> that<00:24:20.520> you<00:24:20.600> should<00:24:20.799> really<00:24:21.039> focus<00:24:21.360> on 00:24:21.870 --> 00:24:21.880 align:start position:0% aspects that you should really focus on 00:24:21.880 --> 00:24:23.590 align:start position:0% aspects that you should really focus on now<00:24:22.039> let's<00:24:22.240> look<00:24:22.480> at<00:24:22.640> some<00:24:22.799> theories<00:24:23.320> as<00:24:23.440> I 00:24:23.590 --> 00:24:23.600 align:start position:0% now let's look at some theories as I 00:24:23.600 --> 00:24:25.870 align:start position:0% now let's look at some theories as I said<00:24:23.799> we<00:24:23.880> are<00:24:24.039> lifelong<00:24:24.520> students<00:24:25.520> uh<00:24:25.679> let's 00:24:25.870 --> 00:24:25.880 align:start position:0% said we are lifelong students uh let's 00:24:25.880 --> 00:24:28.990 align:start position:0% said we are lifelong students uh let's look<00:24:26.039> at<00:24:26.600> where<00:24:26.840> the<00:24:27.120> underpinning<00:24:28.120> of<00:24:28.720> the 00:24:28.990 --> 00:24:29.000 align:start position:0% look at where the underpinning of the 00:24:29.000 --> 00:24:31.190 align:start position:0% look at where the underpinning of the financial<00:24:29.440> management<00:24:29.960> world<00:24:30.240> comes<00:24:30.480> from 00:24:31.190 --> 00:24:31.200 align:start position:0% financial management world comes from 00:24:31.200 --> 00:24:33.029 align:start position:0% financial management world comes from and<00:24:31.360> deliberately<00:24:31.960> I<00:24:32.080> did<00:24:32.240> not<00:24:32.399> want<00:24:32.559> to<00:24:32.720> start 00:24:33.029 --> 00:24:33.039 align:start position:0% and deliberately I did not want to start 00:24:33.039 --> 00:24:35.549 align:start position:0% and deliberately I did not want to start with<00:24:33.240> theories<00:24:34.080> because<00:24:34.640> you<00:24:34.760> run<00:24:35.000> the<00:24:35.159> risk 00:24:35.549 --> 00:24:35.559 align:start position:0% with theories because you run the risk 00:24:35.559 --> 00:24:37.750 align:start position:0% with theories because you run the risk of<00:24:35.919> it<00:24:36.279> uh<00:24:36.720> being<00:24:37.000> something<00:24:37.320> then<00:24:37.520> you<00:24:37.600> know 00:24:37.750 --> 00:24:37.760 align:start position:0% of it uh being something then you know 00:24:37.760 --> 00:24:39.669 align:start position:0% of it uh being something then you know becomes<00:24:38.039> very<00:24:38.200> far<00:24:38.440> removed<00:24:38.799> from<00:24:39.000> reality 00:24:39.669 --> 00:24:39.679 align:start position:0% becomes very far removed from reality 00:24:39.679 --> 00:24:41.110 align:start position:0% becomes very far removed from reality that's<00:24:39.880> why<00:24:40.000> we<00:24:40.159> started<00:24:40.480> with<00:24:40.640> some<00:24:40.840> real 00:24:41.110 --> 00:24:41.120 align:start position:0% that's why we started with some real 00:24:41.120 --> 00:24:43.590 align:start position:0% that's why we started with some real life<00:24:41.360> examples<00:24:41.919> of<00:24:42.480> where<00:24:43.159> financial 00:24:43.590 --> 00:24:43.600 align:start position:0% life examples of where financial 00:24:43.600 --> 00:24:45.549 align:start position:0% life examples of where financial management<00:24:44.039> is<00:24:44.200> used<00:24:44.720> and<00:24:44.880> now<00:24:45.039> let's<00:24:45.279> look<00:24:45.399> at 00:24:45.549 --> 00:24:45.559 align:start position:0% management is used and now let's look at 00:24:45.559 --> 00:24:48.750 align:start position:0% management is used and now let's look at some<00:24:45.799> theories<00:24:46.799> broadly<00:24:47.320> there<00:24:47.440> are<00:24:47.720> four<00:24:48.600> uh 00:24:48.750 --> 00:24:48.760 align:start position:0% some theories broadly there are four uh 00:24:48.760 --> 00:24:51.750 align:start position:0% some theories broadly there are four uh you<00:24:48.919> know<00:24:49.640> strands<00:24:50.120> of<00:24:50.399> thought<00:24:51.080> around 00:24:51.750 --> 00:24:51.760 align:start position:0% you know strands of thought around 00:24:51.760 --> 00:24:54.350 align:start position:0% you know strands of thought around around<00:24:52.039> financial<00:24:52.600> management<00:24:53.600> the<00:24:53.760> oldest 00:24:54.350 --> 00:24:54.360 align:start position:0% around financial management the oldest 00:24:54.360 --> 00:24:56.710 align:start position:0% around financial management the oldest in<00:24:54.480> a<00:24:54.679> way<00:24:55.200> uh<00:24:55.399> is<00:24:55.640> the<00:24:55.799> shareholder<00:24:56.399> value 00:24:56.710 --> 00:24:56.720 align:start position:0% in a way uh is the shareholder value 00:24:56.720 --> 00:24:59.430 align:start position:0% in a way uh is the shareholder value Theory<00:24:57.640> which<00:24:57.799> looks<00:24:58.039> at<00:24:58.640> a<00:24:58.760> shareholder<00:24:59.320> as 00:24:59.430 --> 00:24:59.440 align:start position:0% Theory which looks at a shareholder as 00:24:59.440 --> 00:25:01.669 align:start position:0% Theory which looks at a shareholder as we<00:24:59.559> all<00:24:59.720> know<00:24:59.960> is<00:25:00.080> a<00:25:00.240> person<00:25:00.520> who<00:25:00.640> has<00:25:00.799> spent<00:25:01.559> uh 00:25:01.669 --> 00:25:01.679 align:start position:0% we all know is a person who has spent uh 00:25:01.679 --> 00:25:04.710 align:start position:0% we all know is a person who has spent uh his<00:25:01.840> or<00:25:02.039> her<00:25:02.320> money<00:25:03.320> to<00:25:03.520> buy<00:25:03.760> certain<00:25:04.080> shares 00:25:04.710 --> 00:25:04.720 align:start position:0% his or her money to buy certain shares 00:25:04.720 --> 00:25:07.590 align:start position:0% his or her money to buy certain shares or<00:25:04.880> an<00:25:05.120> equity<00:25:05.799> in<00:25:05.960> a<00:25:06.120> company<00:25:07.000> and<00:25:07.240> is<00:25:07.399> now 00:25:07.590 --> 00:25:07.600 align:start position:0% or an equity in a company and is now 00:25:07.600 --> 00:25:09.789 align:start position:0% or an equity in a company and is now looking<00:25:07.960> at<00:25:08.440> the<00:25:08.600> amount<00:25:08.919> invested<00:25:09.360> to<00:25:09.480> be 00:25:09.789 --> 00:25:09.799 align:start position:0% looking at the amount invested to be 00:25:09.799 --> 00:25:12.470 align:start position:0% looking at the amount invested to be returned<00:25:10.360> with<00:25:10.559> a<00:25:10.760> surplus<00:25:11.279> so<00:25:11.679> if<00:25:11.799> I<00:25:12.039> invested 00:25:12.470 --> 00:25:12.480 align:start position:0% returned with a surplus so if I invested 00:25:12.480 --> 00:25:15.190 align:start position:0% returned with a surplus so if I invested 100<00:25:12.760> rupees<00:25:13.320> in<00:25:13.559> company<00:25:13.960> X<00:25:14.559> I'm<00:25:14.760> hoping<00:25:15.039> that 00:25:15.190 --> 00:25:15.200 align:start position:0% 100 rupees in company X I'm hoping that 00:25:15.200 --> 00:25:17.110 align:start position:0% 100 rupees in company X I'm hoping that in<00:25:15.320> one<00:25:15.559> year<00:25:15.960> the<00:25:16.120> company<00:25:16.440> will<00:25:16.760> return<00:25:16.960> to 00:25:17.110 --> 00:25:17.120 align:start position:0% in one year the company will return to 00:25:17.120 --> 00:25:19.830 align:start position:0% in one year the company will return to me<00:25:17.799> 110<00:25:18.480> rupees<00:25:18.840> even<00:25:19.039> if<00:25:19.159> I<00:25:19.279> don't<00:25:19.480> take<00:25:19.679> that 00:25:19.830 --> 00:25:19.840 align:start position:0% me 110 rupees even if I don't take that 00:25:19.840 --> 00:25:21.389 align:start position:0% me 110 rupees even if I don't take that out<00:25:20.080> at<00:25:20.200> least<00:25:20.360> that's<00:25:20.559> the<00:25:20.720> worth<00:25:20.919> and<00:25:21.120> value 00:25:21.389 --> 00:25:21.399 align:start position:0% out at least that's the worth and value 00:25:21.399 --> 00:25:23.669 align:start position:0% out at least that's the worth and value of<00:25:21.559> it<00:25:22.120> and<00:25:22.360> that<00:25:22.760> that<00:25:22.919> meant<00:25:23.200> that<00:25:23.360> you<00:25:23.480> don't 00:25:23.669 --> 00:25:23.679 align:start position:0% of it and that that meant that you don't 00:25:23.679 --> 00:25:25.830 align:start position:0% of it and that that meant that you don't look<00:25:23.960> at<00:25:24.320> you<00:25:24.480> did<00:25:24.679> not<00:25:24.880> look<00:25:25.080> at<00:25:25.320> any<00:25:25.559> other 00:25:25.830 --> 00:25:25.840 align:start position:0% look at you did not look at any other 00:25:25.840 --> 00:25:27.990 align:start position:0% look at you did not look at any other metric<00:25:26.600> but<00:25:26.840> only<00:25:27.120> how<00:25:27.320> do<00:25:27.399> you<00:25:27.520> increase 00:25:27.990 --> 00:25:28.000 align:start position:0% metric but only how do you increase 00:25:28.000 --> 00:25:29.870 align:start position:0% metric but only how do you increase share<00:25:28.320> shareholder<00:25:28.760> value<00:25:29.360> and<00:25:29.520> how<00:25:29.640> do<00:25:29.760> you 00:25:29.870 --> 00:25:29.880 align:start position:0% share shareholder value and how do you 00:25:29.880 --> 00:25:31.669 align:start position:0% share shareholder value and how do you increase<00:25:30.200> shareholder<00:25:30.720> value<00:25:31.039> by<00:25:31.200> being<00:25:31.480> more 00:25:31.669 --> 00:25:31.679 align:start position:0% increase shareholder value by being more 00:25:31.679 --> 00:25:33.750 align:start position:0% increase shareholder value by being more and<00:25:31.840> more<00:25:32.120> profitable<00:25:33.039> because<00:25:33.480> as 00:25:33.750 --> 00:25:33.760 align:start position:0% and more profitable because as 00:25:33.760 --> 00:25:36.389 align:start position:0% and more profitable because as profitability<00:25:34.440> increases<00:25:35.399> the<00:25:35.679> value<00:25:36.120> of 00:25:36.389 --> 00:25:36.399 align:start position:0% profitability increases the value of 00:25:36.399 --> 00:25:38.909 align:start position:0% profitability increases the value of that<00:25:36.600> company<00:25:36.960> increases<00:25:37.919> so<00:25:38.240> as<00:25:38.440> the<00:25:38.640> value 00:25:38.909 --> 00:25:38.919 align:start position:0% that company increases so as the value 00:25:38.919 --> 00:25:40.870 align:start position:0% that company increases so as the value of<00:25:39.080> the<00:25:39.200> company<00:25:39.520> increases<00:25:40.240> the<00:25:40.440> value<00:25:40.720> of 00:25:40.870 --> 00:25:40.880 align:start position:0% of the company increases the value of 00:25:40.880 --> 00:25:42.789 align:start position:0% of the company increases the value of its<00:25:41.080> share<00:25:41.440> increases<00:25:42.200> and<00:25:42.399> therefore<00:25:42.679> the 00:25:42.789 --> 00:25:42.799 align:start position:0% its share increases and therefore the 00:25:42.799 --> 00:25:45.590 align:start position:0% its share increases and therefore the shareholders<00:25:43.480> value<00:25:43.760> increase<00:25:44.600> now<00:25:45.039> this 00:25:45.590 --> 00:25:45.600 align:start position:0% shareholders value increase now this 00:25:45.600 --> 00:25:48.510 align:start position:0% shareholders value increase now this this<00:25:45.720> is<00:25:45.840> a<00:25:46.120> perverse<00:25:47.120> Theory<00:25:47.799> now<00:25:48.120> considered 00:25:48.510 --> 00:25:48.520 align:start position:0% this is a perverse Theory now considered 00:25:48.520 --> 00:25:51.470 align:start position:0% this is a perverse Theory now considered a<00:25:48.720> perverse<00:25:49.240> Theory<00:25:50.159> why<00:25:50.679> because<00:25:51.279> then 00:25:51.470 --> 00:25:51.480 align:start position:0% a perverse Theory why because then 00:25:51.480 --> 00:25:53.350 align:start position:0% a perverse Theory why because then you're<00:25:51.840> not<00:25:52.039> looking<00:25:52.440> at<00:25:52.799> any<00:25:53.039> other 00:25:53.350 --> 00:25:53.360 align:start position:0% you're not looking at any other 00:25:53.360 --> 00:25:55.950 align:start position:0% you're not looking at any other consideration<00:25:54.240> but<00:25:54.520> only<00:25:55.320> financial 00:25:55.950 --> 00:25:55.960 align:start position:0% consideration but only financial 00:25:55.960 --> 00:25:59.350 align:start position:0% consideration but only financial monetary<00:25:56.840> return<00:25:57.840> today<00:25:58.480> the<00:25:58.640> theory<00:25:59.120> has 00:25:59.350 --> 00:25:59.360 align:start position:0% monetary return today the theory has 00:25:59.360 --> 00:26:01.950 align:start position:0% monetary return today the theory has evolved<00:25:59.799> towards<00:26:00.480> stakeholder<00:26:01.159> engagement 00:26:01.950 --> 00:26:01.960 align:start position:0% evolved towards stakeholder engagement 00:26:01.960 --> 00:26:04.909 align:start position:0% evolved towards stakeholder engagement which<00:26:02.120> means<00:26:02.480> that<00:26:02.760> yes<00:26:03.440> Financial<00:26:04.000> investors 00:26:04.909 --> 00:26:04.919 align:start position:0% which means that yes Financial investors 00:26:04.919 --> 00:26:08.149 align:start position:0% which means that yes Financial investors are<00:26:05.320> when<00:26:05.679> one<00:26:06.039> very<00:26:06.440> critical<00:26:07.399> in<00:26:07.880> uh<00:26:08.039> you 00:26:08.149 --> 00:26:08.159 align:start position:0% are when one very critical in uh you 00:26:08.159 --> 00:26:10.870 align:start position:0% are when one very critical in uh you know<00:26:08.760> stakeholder<00:26:09.720> in<00:26:09.960> all<00:26:10.159> the<00:26:10.320> stakeholders 00:26:10.870 --> 00:26:10.880 align:start position:0% know stakeholder in all the stakeholders 00:26:10.880 --> 00:26:13.149 align:start position:0% know stakeholder in all the stakeholders that<00:26:11.039> we<00:26:11.200> have<00:26:11.720> but<00:26:12.039> they<00:26:12.200> don't<00:26:12.559> completely 00:26:13.149 --> 00:26:13.159 align:start position:0% that we have but they don't completely 00:26:13.159 --> 00:26:15.909 align:start position:0% that we have but they don't completely outweigh<00:26:13.960> my<00:26:14.279> other<00:26:14.520> stakeholders<00:26:15.520> who<00:26:15.720> could 00:26:15.909 --> 00:26:15.919 align:start position:0% outweigh my other stakeholders who could 00:26:15.919 --> 00:26:17.750 align:start position:0% outweigh my other stakeholders who could be<00:26:16.159> patients<00:26:16.600> who<00:26:16.760> could<00:26:16.919> be<00:26:17.080> governments<00:26:17.559> who 00:26:17.750 --> 00:26:17.760 align:start position:0% be patients who could be governments who 00:26:17.760 --> 00:26:19.630 align:start position:0% be patients who could be governments who could<00:26:17.919> be<00:26:18.440> staff<00:26:18.880> there<00:26:19.039> could<00:26:19.159> be<00:26:19.320> various 00:26:19.630 --> 00:26:19.640 align:start position:0% could be staff there could be various 00:26:19.640 --> 00:26:22.029 align:start position:0% could be staff there could be various other<00:26:19.840> stakeholders<00:26:20.600> so<00:26:20.799> modern<00:26:21.200> management 00:26:22.029 --> 00:26:22.039 align:start position:0% other stakeholders so modern management 00:26:22.039 --> 00:26:25.789 align:start position:0% other stakeholders so modern management uh<00:26:22.640> of<00:26:23.039> financial<00:26:23.520> services<00:26:24.320> looks<00:26:24.640> at<00:26:25.200> all<00:26:25.480> of 00:26:25.789 --> 00:26:25.799 align:start position:0% uh of financial services looks at all of 00:26:25.799 --> 00:26:28.029 align:start position:0% uh of financial services looks at all of those<00:26:26.600> stakeholders<00:26:27.200> and<00:26:27.360> how<00:26:27.480> do<00:26:27.600> we<00:26:27.720> engage 00:26:28.029 --> 00:26:28.039 align:start position:0% those stakeholders and how do we engage 00:26:28.039 --> 00:26:30.149 align:start position:0% those stakeholders and how do we engage and<00:26:28.360> ensure<00:26:28.880> that<00:26:29.080> whatever<00:26:29.440> we<00:26:29.600> do 00:26:30.149 --> 00:26:30.159 align:start position:0% and ensure that whatever we do 00:26:30.159 --> 00:26:32.310 align:start position:0% and ensure that whatever we do financially<00:26:31.080> there<00:26:31.240> is<00:26:31.399> some<00:26:31.640> value<00:26:32.000> that<00:26:32.120> is 00:26:32.310 --> 00:26:32.320 align:start position:0% financially there is some value that is 00:26:32.320 --> 00:26:34.630 align:start position:0% financially there is some value that is created<00:26:32.799> there<00:26:32.960> so<00:26:33.360> I<00:26:33.480> may<00:26:33.720> reduce<00:26:34.240> profits 00:26:34.630 --> 00:26:34.640 align:start position:0% created there so I may reduce profits 00:26:34.640 --> 00:26:36.350 align:start position:0% created there so I may reduce profits for<00:26:34.880> myself<00:26:35.240> and<00:26:35.399> therefore<00:26:35.720> reduce<00:26:36.039> it<00:26:36.200> for 00:26:36.350 --> 00:26:36.360 align:start position:0% for myself and therefore reduce it for 00:26:36.360 --> 00:26:38.710 align:start position:0% for myself and therefore reduce it for the<00:26:36.440> shareholder<00:26:37.360> but<00:26:37.520> I<00:26:37.600> have<00:26:37.799> enhanced<00:26:38.559> the 00:26:38.710 --> 00:26:38.720 align:start position:0% the shareholder but I have enhanced the 00:26:38.720 --> 00:26:40.710 align:start position:0% the shareholder but I have enhanced the value<00:26:39.000> for<00:26:39.200> the<00:26:39.399> patient<00:26:40.000> and<00:26:40.159> that<00:26:40.279> is<00:26:40.520> one 00:26:40.710 --> 00:26:40.720 align:start position:0% value for the patient and that is one 00:26:40.720 --> 00:26:42.750 align:start position:0% value for the patient and that is one way<00:26:40.919> of<00:26:41.279> looking<00:26:41.559> at<00:26:41.760> stakeholder<00:26:42.279> engagement 00:26:42.750 --> 00:26:42.760 align:start position:0% way of looking at stakeholder engagement 00:26:42.760 --> 00:26:45.149 align:start position:0% way of looking at stakeholder engagement so<00:26:43.120> you<00:26:43.320> do<00:26:43.520> some<00:26:43.880> weighing<00:26:44.279> off<00:26:44.520> against<00:26:44.760> each 00:26:45.149 --> 00:26:45.159 align:start position:0% so you do some weighing off against each 00:26:45.159 --> 00:26:47.549 align:start position:0% so you do some weighing off against each other<00:26:46.159> the<00:26:46.320> third<00:26:46.559> Theory<00:26:46.960> again<00:26:47.200> this<00:26:47.320> is<00:26:47.440> the 00:26:47.549 --> 00:26:47.559 align:start position:0% other the third Theory again this is the 00:26:47.559 --> 00:26:49.470 align:start position:0% other the third Theory again this is the modern<00:26:47.880> Theory<00:26:48.440> looks<00:26:48.679> at<00:26:48.880> sustainable 00:26:49.470 --> 00:26:49.480 align:start position:0% modern Theory looks at sustainable 00:26:49.480 --> 00:26:51.549 align:start position:0% modern Theory looks at sustainable practices<00:26:50.399> there<00:26:50.520> is<00:26:50.720> no<00:26:50.960> other<00:26:51.200> way<00:26:51.360> to 00:26:51.549 --> 00:26:51.559 align:start position:0% practices there is no other way to 00:26:51.559 --> 00:26:53.870 align:start position:0% practices there is no other way to survive<00:26:52.039> unless<00:26:52.440> until<00:26:52.679> we<00:26:52.799> are<00:26:53.000> sustainable 00:26:53.870 --> 00:26:53.880 align:start position:0% survive unless until we are sustainable 00:26:53.880 --> 00:26:55.789 align:start position:0% survive unless until we are sustainable and<00:26:54.120> financial<00:26:54.679> viability<00:26:55.200> is<00:26:55.360> the<00:26:55.520> most 00:26:55.789 --> 00:26:55.799 align:start position:0% and financial viability is the most 00:26:55.799 --> 00:26:57.070 align:start position:0% and financial viability is the most important<00:26:56.240> critical<00:26:56.640> aspect<00:26:56.919> of 00:26:57.070 --> 00:26:57.080 align:start position:0% important critical aspect of 00:26:57.080 --> 00:26:59.750 align:start position:0% important critical aspect of sustainability<00:26:57.960> so<00:26:58.320> how<00:26:58.480> do<00:26:58.640> we<00:26:58.840> ensure<00:26:59.600> that 00:26:59.750 --> 00:26:59.760 align:start position:0% sustainability so how do we ensure that 00:26:59.760 --> 00:27:02.149 align:start position:0% sustainability so how do we ensure that we<00:26:59.880> have<00:27:00.080> long-term<00:27:00.799> profitability<00:27:01.799> and<00:27:02.000> at 00:27:02.149 --> 00:27:02.159 align:start position:0% we have long-term profitability and at 00:27:02.159 --> 00:27:03.350 align:start position:0% we have long-term profitability and at the<00:27:02.279> same<00:27:02.520> time<00:27:02.679> we<00:27:02.840> also<00:27:03.120> have 00:27:03.350 --> 00:27:03.360 align:start position:0% the same time we also have 00:27:03.360 --> 00:27:05.950 align:start position:0% the same time we also have environmentally<00:27:04.360> conscious<00:27:05.039> consumption 00:27:05.950 --> 00:27:05.960 align:start position:0% environmentally conscious consumption 00:27:05.960 --> 00:27:08.590 align:start position:0% environmentally conscious consumption because<00:27:06.360> ultimately<00:27:06.919> we<00:27:07.120> know<00:27:07.799> that<00:27:08.240> uh<00:27:08.440> there 00:27:08.590 --> 00:27:08.600 align:start position:0% because ultimately we know that uh there 00:27:08.600 --> 00:27:11.750 align:start position:0% because ultimately we know that uh there will<00:27:08.840> be<00:27:09.279> a<00:27:09.480> blowback<00:27:10.039> that<00:27:10.200> will<00:27:10.399> come<00:27:11.039> and<00:27:11.480> uh 00:27:11.750 --> 00:27:11.760 align:start position:0% will be a blowback that will come and uh 00:27:11.760 --> 00:27:14.350 align:start position:0% will be a blowback that will come and uh we<00:27:11.880> need<00:27:12.039> to<00:27:12.200> be<00:27:12.919> uh<00:27:13.000> you<00:27:13.120> know<00:27:13.320> operating<00:27:13.760> in 00:27:14.350 --> 00:27:14.360 align:start position:0% we need to be uh you know operating in 00:27:14.360 --> 00:27:16.990 align:start position:0% we need to be uh you know operating in uh<00:27:14.600> sustainable<00:27:15.600> U<00:27:15.880> through<00:27:16.120> sustainable 00:27:16.990 --> 00:27:17.000 align:start position:0% uh sustainable U through sustainable 00:27:17.000 --> 00:27:19.029 align:start position:0% uh sustainable U through sustainable practices<00:27:18.000> and<00:27:18.159> last<00:27:18.440> is<00:27:18.640> ethical 00:27:19.029 --> 00:27:19.039 align:start position:0% practices and last is ethical 00:27:19.039 --> 00:27:20.870 align:start position:0% practices and last is ethical considerations<00:27:20.000> again<00:27:20.240> this<00:27:20.320> is<00:27:20.440> a<00:27:20.640> new 00:27:20.870 --> 00:27:20.880 align:start position:0% considerations again this is a new 00:27:20.880 --> 00:27:23.110 align:start position:0% considerations again this is a new Theory<00:27:21.760> or<00:27:21.960> rather<00:27:22.240> it's<00:27:22.360> a<00:27:22.480> modern<00:27:22.799> Theory 00:27:23.110 --> 00:27:23.120 align:start position:0% Theory or rather it's a modern Theory 00:27:23.120 --> 00:27:25.590 align:start position:0% Theory or rather it's a modern Theory not<00:27:23.360> new<00:27:24.200> uh<00:27:24.320> a<00:27:24.440> modern<00:27:24.760> Theory<00:27:25.120> which<00:27:25.279> says 00:27:25.590 --> 00:27:25.600 align:start position:0% not new uh a modern Theory which says 00:27:25.600 --> 00:27:27.830 align:start position:0% not new uh a modern Theory which says that<00:27:26.320> uh<00:27:26.480> whatever<00:27:26.840> business<00:27:27.200> that<00:27:27.360> we<00:27:27.480> may<00:27:27.679> be 00:27:27.830 --> 00:27:27.840 align:start position:0% that uh whatever business that we may be 00:27:27.840 --> 00:27:30.590 align:start position:0% that uh whatever business that we may be in<00:27:28.240> we<00:27:28.360> need<00:27:28.520> to<00:27:28.679> also<00:27:29.000> consider<00:27:29.520> ethics<00:27:29.919> of<00:27:30.080> it 00:27:30.590 --> 00:27:30.600 align:start position:0% in we need to also consider ethics of it 00:27:30.600 --> 00:27:32.630 align:start position:0% in we need to also consider ethics of it so<00:27:30.919> in<00:27:31.120> healthcare<00:27:31.600> this<00:27:31.760> becomes<00:27:32.120> important 00:27:32.630 --> 00:27:32.640 align:start position:0% so in healthcare this becomes important 00:27:32.640 --> 00:27:35.909 align:start position:0% so in healthcare this becomes important because<00:27:33.520> our<00:27:33.960> our<00:27:34.520> job<00:27:34.919> is<00:27:35.080> to<00:27:35.360> make<00:27:35.520> sure<00:27:35.760> that 00:27:35.909 --> 00:27:35.919 align:start position:0% because our our job is to make sure that 00:27:35.919 --> 00:27:38.430 align:start position:0% because our our job is to make sure that people<00:27:36.279> get<00:27:36.480> healthy<00:27:37.039> or<00:27:37.240> stay<00:27:37.520> healthy<00:27:38.200> and 00:27:38.430 --> 00:27:38.440 align:start position:0% people get healthy or stay healthy and 00:27:38.440 --> 00:27:40.590 align:start position:0% people get healthy or stay healthy and therefore<00:27:38.880> we<00:27:39.000> should<00:27:39.279> look<00:27:39.480> at<00:27:40.039> ethical 00:27:40.590 --> 00:27:40.600 align:start position:0% therefore we should look at ethical 00:27:40.600 --> 00:27:42.269 align:start position:0% therefore we should look at ethical considerations<00:27:41.600> over<00:27:41.799> and<00:27:41.960> Beyond 00:27:42.269 --> 00:27:42.279 align:start position:0% considerations over and Beyond 00:27:42.279 --> 00:27:44.230 align:start position:0% considerations over and Beyond shareholder<00:27:42.919> value<00:27:43.279> over<00:27:43.480> and<00:27:43.640> Beyond<00:27:43.960> even 00:27:44.230 --> 00:27:44.240 align:start position:0% shareholder value over and Beyond even 00:27:44.240 --> 00:27:47.110 align:start position:0% shareholder value over and Beyond even stakeholder<00:27:44.840> engagement<00:27:45.720> because<00:27:46.320> ethics<00:27:46.960> of 00:27:47.110 --> 00:27:47.120 align:start position:0% stakeholder engagement because ethics of 00:27:47.120 --> 00:27:49.070 align:start position:0% stakeholder engagement because ethics of towards<00:27:47.440> the<00:27:47.640> patient<00:27:48.000> care<00:27:48.480> it<00:27:48.640> should<00:27:48.840> be 00:27:49.070 --> 00:27:49.080 align:start position:0% towards the patient care it should be 00:27:49.080 --> 00:27:52.269 align:start position:0% towards the patient care it should be Sac<00:27:49.640> sacran<00:27:50.600> so<00:27:50.840> again<00:27:51.320> these<00:27:51.519> theories<00:27:52.159> as 00:27:52.269 --> 00:27:52.279 align:start position:0% Sac sacran so again these theories as 00:27:52.279 --> 00:27:54.350 align:start position:0% Sac sacran so again these theories as you<00:27:52.399> can<00:27:52.559> see<00:27:53.279> have<00:27:53.480> a<00:27:53.679> application<00:27:54.159> in 00:27:54.350 --> 00:27:54.360 align:start position:0% you can see have a application in 00:27:54.360 --> 00:27:56.870 align:start position:0% you can see have a application in healthcare<00:27:55.240> because<00:27:55.760> we<00:27:56.000> use<00:27:56.320> these<00:27:56.519> theories 00:27:56.870 --> 00:27:56.880 align:start position:0% healthcare because we use these theories 00:27:56.880 --> 00:27:59.110 align:start position:0% healthcare because we use these theories for<00:27:57.159> Cost<00:27:57.480> Containment<00:27:58.480> we<00:27:58.640> use<00:27:58.919> these 00:27:59.110 --> 00:27:59.120 align:start position:0% for Cost Containment we use these 00:27:59.120 --> 00:28:01.990 align:start position:0% for Cost Containment we use these theories<00:27:59.880> for<00:28:00.279> Regulatory<00:28:00.919> Compliance<00:28:01.799> we 00:28:01.990 --> 00:28:02.000 align:start position:0% theories for Regulatory Compliance we 00:28:02.000 --> 00:28:03.430 align:start position:0% theories for Regulatory Compliance we use<00:28:02.320> them<00:28:02.440> for<00:28:02.720> transparency<00:28:03.279> and 00:28:03.430 --> 00:28:03.440 align:start position:0% use them for transparency and 00:28:03.440 --> 00:28:05.110 align:start position:0% use them for transparency and accountability<00:28:04.080> so<00:28:04.519> you<00:28:04.640> know<00:28:04.799> if<00:28:04.880> you're 00:28:05.110 --> 00:28:05.120 align:start position:0% accountability so you know if you're 00:28:05.120 --> 00:28:08.470 align:start position:0% accountability so you know if you're looking<00:28:05.559> at<00:28:06.559> uh<00:28:06.840> if<00:28:07.080> if<00:28:07.240> your<00:28:07.600> your<00:28:07.880> Mantra<00:28:08.360> is 00:28:08.470 --> 00:28:08.480 align:start position:0% looking at uh if if your your Mantra is 00:28:08.480 --> 00:28:10.110 align:start position:0% looking at uh if if your your Mantra is that<00:28:08.640> I<00:28:08.760> am<00:28:08.880> only<00:28:09.080> looking<00:28:09.360> at<00:28:09.519> shareholder 00:28:10.110 --> 00:28:10.120 align:start position:0% that I am only looking at shareholder 00:28:10.120 --> 00:28:12.350 align:start position:0% that I am only looking at shareholder value<00:28:10.720> then<00:28:10.960> Cost<00:28:11.240> Containment<00:28:11.760> becomes<00:28:12.120> very 00:28:12.350 --> 00:28:12.360 align:start position:0% value then Cost Containment becomes very 00:28:12.360 --> 00:28:13.909 align:start position:0% value then Cost Containment becomes very important<00:28:13.159> if<00:28:13.279> you're<00:28:13.480> looking<00:28:13.720> at 00:28:13.909 --> 00:28:13.919 align:start position:0% important if you're looking at 00:28:13.919 --> 00:28:16.230 align:start position:0% important if you're looking at stakeholder<00:28:14.760> value<00:28:15.519> then<00:28:15.679> you<00:28:15.799> will<00:28:15.960> say<00:28:16.159> I 00:28:16.230 --> 00:28:16.240 align:start position:0% stakeholder value then you will say I 00:28:16.240 --> 00:28:18.470 align:start position:0% stakeholder value then you will say I need<00:28:16.399> to<00:28:16.559> also<00:28:16.840> ensure<00:28:17.200> that<00:28:17.360> I'm<00:28:17.799> compliant 00:28:18.470 --> 00:28:18.480 align:start position:0% need to also ensure that I'm compliant 00:28:18.480 --> 00:28:20.549 align:start position:0% need to also ensure that I'm compliant through<00:28:18.799> all<00:28:18.960> the<00:28:19.159> regulatory<00:28:19.960> Necessities 00:28:20.549 --> 00:28:20.559 align:start position:0% through all the regulatory Necessities 00:28:20.559 --> 00:28:23.669 align:start position:0% through all the regulatory Necessities that<00:28:20.720> are<00:28:21.279> uh<00:28:21.399> thrust<00:28:21.799> upon<00:28:22.039> me<00:28:22.799> and<00:28:23.440> if<00:28:23.559> you 00:28:23.669 --> 00:28:23.679 align:start position:0% that are uh thrust upon me and if you 00:28:23.679 --> 00:28:25.710 align:start position:0% that are uh thrust upon me and if you look<00:28:23.840> at<00:28:24.039> ethical<00:28:24.440> considerations<00:28:25.399> you<00:28:25.519> will 00:28:25.710 --> 00:28:25.720 align:start position:0% look at ethical considerations you will 00:28:25.720 --> 00:28:27.190 align:start position:0% look at ethical considerations you will look<00:28:25.919> at<00:28:26.080> you<00:28:26.200> know<00:28:26.480> transparency<00:28:27.039> and 00:28:27.190 --> 00:28:27.200 align:start position:0% look at you know transparency and 00:28:27.200 --> 00:28:28.750 align:start position:0% look at you know transparency and accountability<00:28:27.760> now<00:28:27.880> obvious<00:28:28.120> obviously 00:28:28.750 --> 00:28:28.760 align:start position:0% accountability now obvious obviously 00:28:28.760 --> 00:28:30.549 align:start position:0% accountability now obvious obviously it's<00:28:28.960> not<00:28:29.200> so<00:28:29.480> neat<00:28:29.880> that<00:28:30.000> you<00:28:30.120> know<00:28:30.279> if<00:28:30.399> you 00:28:30.549 --> 00:28:30.559 align:start position:0% it's not so neat that you know if you 00:28:30.559 --> 00:28:32.590 align:start position:0% it's not so neat that you know if you follow<00:28:30.880> one<00:28:31.120> Theory<00:28:31.720> you<00:28:31.840> need<00:28:32.039> to<00:28:32.159> look<00:28:32.320> at 00:28:32.590 --> 00:28:32.600 align:start position:0% follow one Theory you need to look at 00:28:32.600 --> 00:28:35.149 align:start position:0% follow one Theory you need to look at one<00:28:32.880> application<00:28:33.399> of<00:28:33.559> it<00:28:34.000> it's<00:28:34.159> a<00:28:34.360> mix<00:28:34.640> of<00:28:34.799> it 00:28:35.149 --> 00:28:35.159 align:start position:0% one application of it it's a mix of it 00:28:35.159 --> 00:28:37.350 align:start position:0% one application of it it's a mix of it it's<00:28:35.360> just<00:28:35.519> about<00:28:35.840> what<00:28:36.120> you<00:28:36.320> prioritize<00:28:37.200> in 00:28:37.350 --> 00:28:37.360 align:start position:0% it's just about what you prioritize in 00:28:37.360 --> 00:28:41.029 align:start position:0% it's just about what you prioritize in the<00:28:37.559> mix<00:28:37.880> of<00:28:38.519> uh<00:28:39.120> priorities<00:28:40.120> now<00:28:40.440> I<00:28:40.559> also<00:28:40.840> want 00:28:41.029 --> 00:28:41.039 align:start position:0% the mix of uh priorities now I also want 00:28:41.039 --> 00:28:43.509 align:start position:0% the mix of uh priorities now I also want to<00:28:41.200> share<00:28:41.600> with<00:28:41.799> you<00:28:42.240> some<00:28:42.559> examples<00:28:43.200> of<00:28:43.399> you 00:28:43.509 --> 00:28:43.519 align:start position:0% to share with you some examples of you 00:28:43.519 --> 00:28:46.549 align:start position:0% to share with you some examples of you know<00:28:44.120> how<00:28:44.760> uh<00:28:45.000> how<00:28:45.240> various<00:28:45.640> financial 00:28:46.549 --> 00:28:46.559 align:start position:0% know how uh how various financial 00:28:46.559 --> 00:28:48.789 align:start position:0% know how uh how various financial management<00:28:47.240> techniques<00:28:48.039> have<00:28:48.200> led<00:28:48.440> to<00:28:48.600> the 00:28:48.789 --> 00:28:48.799 align:start position:0% management techniques have led to the 00:28:48.799 --> 00:28:51.110 align:start position:0% management techniques have led to the success<00:28:49.240> or<00:28:49.440> failure<00:28:50.039> of<00:28:50.240> many<00:28:50.559> institutions 00:28:51.110 --> 00:28:51.120 align:start position:0% success or failure of many institutions 00:28:51.120 --> 00:28:53.430 align:start position:0% success or failure of many institutions in<00:28:51.279> the<00:28:51.399> healthcare<00:28:51.840> space<00:28:52.720> and<00:28:52.960> case<00:28:53.159> studies 00:28:53.430 --> 00:28:53.440 align:start position:0% in the healthcare space and case studies 00:28:53.440 --> 00:28:56.070 align:start position:0% in the healthcare space and case studies are<00:28:53.679> very<00:28:53.840> good<00:28:54.080> examples<00:28:54.799> so<00:28:54.960> briefly<00:28:55.840> if<00:28:55.960> you 00:28:56.070 --> 00:28:56.080 align:start position:0% are very good examples so briefly if you 00:28:56.080 --> 00:28:58.909 align:start position:0% are very good examples so briefly if you know<00:28:56.360> the<00:28:56.559> case<00:28:57.159> uh<00:28:57.320> of<00:28:57.559> a<00:28:57.720> very<00:28:58.159> large 00:28:58.909 --> 00:28:58.919 align:start position:0% know the case uh of a very large 00:28:58.919 --> 00:29:01.509 align:start position:0% know the case uh of a very large Hospital<00:28:59.399> chain<00:28:59.799> which<00:28:59.960> was<00:29:00.200> previously<00:29:00.720> run 00:29:01.509 --> 00:29:01.519 align:start position:0% Hospital chain which was previously run 00:29:01.519 --> 00:29:06.389 align:start position:0% Hospital chain which was previously run by<00:29:02.240> um<00:29:03.080> by<00:29:03.640> uh<00:29:03.960> a<00:29:04.120> large<00:29:04.799> a<00:29:04.919> family<00:29:05.320> that<00:29:05.559> ran<00:29:06.240> a 00:29:06.389 --> 00:29:06.399 align:start position:0% by um by uh a large a family that ran a 00:29:06.399 --> 00:29:08.710 align:start position:0% by um by uh a large a family that ran a big<00:29:06.600> Pharmaceuticals<00:29:07.440> company<00:29:08.399> uh<00:29:08.559> then 00:29:08.710 --> 00:29:08.720 align:start position:0% big Pharmaceuticals company uh then 00:29:08.720 --> 00:29:10.549 align:start position:0% big Pharmaceuticals company uh then started<00:29:09.159> the<00:29:09.320> business<00:29:09.640> of<00:29:09.799> running 00:29:10.549 --> 00:29:10.559 align:start position:0% started the business of running 00:29:10.559 --> 00:29:13.350 align:start position:0% started the business of running hospitals<00:29:11.440> and<00:29:11.919> unfortunately<00:29:12.919> due<00:29:13.120> to 00:29:13.350 --> 00:29:13.360 align:start position:0% hospitals and unfortunately due to 00:29:13.360 --> 00:29:15.669 align:start position:0% hospitals and unfortunately due to various<00:29:13.720> reasons<00:29:14.720> that<00:29:15.159> uh<00:29:15.320> that 00:29:15.669 --> 00:29:15.679 align:start position:0% various reasons that uh that 00:29:15.679 --> 00:29:18.630 align:start position:0% various reasons that uh that organization<00:29:16.679> had<00:29:16.840> to<00:29:17.519> uh<00:29:17.840> really<00:29:18.519> uh 00:29:18.630 --> 00:29:18.640 align:start position:0% organization had to uh really uh 00:29:18.640 --> 00:29:21.350 align:start position:0% organization had to uh really uh struggle<00:29:19.559> because<00:29:20.240> uh<00:29:20.600> the<00:29:20.760> business<00:29:21.200> that 00:29:21.350 --> 00:29:21.360 align:start position:0% struggle because uh the business that 00:29:21.360 --> 00:29:23.029 align:start position:0% struggle because uh the business that the<00:29:21.440> farmers<00:29:22.159> the<00:29:22.240> Pharma<00:29:22.600> business<00:29:22.919> which 00:29:23.029 --> 00:29:23.039 align:start position:0% the farmers the Pharma business which 00:29:23.039 --> 00:29:25.750 align:start position:0% the farmers the Pharma business which was<00:29:23.159> sold<00:29:23.399> to<00:29:23.519> a<00:29:23.679> Japanese<00:29:24.159> company<00:29:24.840> sued<00:29:25.360> them 00:29:25.750 --> 00:29:25.760 align:start position:0% was sold to a Japanese company sued them 00:29:25.760 --> 00:29:27.430 align:start position:0% was sold to a Japanese company sued them and<00:29:25.960> because<00:29:26.200> of<00:29:26.399> them<00:29:26.840> a<00:29:26.960> lot<00:29:27.080> of<00:29:27.240> their 00:29:27.430 --> 00:29:27.440 align:start position:0% and because of them a lot of their 00:29:27.440 --> 00:29:29.990 align:start position:0% and because of them a lot of their hospitals<00:29:27.919> had<00:29:28.200> to<00:29:28.320> stop<00:29:28.640> operations<00:29:29.600> now<00:29:29.840> if 00:29:29.990 --> 00:29:30.000 align:start position:0% hospitals had to stop operations now if 00:29:30.000 --> 00:29:32.350 align:start position:0% hospitals had to stop operations now if there<00:29:30.159> was<00:29:30.480> prudent<00:29:30.960> financial<00:29:31.440> management 00:29:32.350 --> 00:29:32.360 align:start position:0% there was prudent financial management 00:29:32.360 --> 00:29:33.990 align:start position:0% there was prudent financial management if<00:29:32.519> there<00:29:32.679> was<00:29:32.960> Clarity<00:29:33.399> in<00:29:33.519> terms<00:29:33.799> of 00:29:33.990 --> 00:29:34.000 align:start position:0% if there was Clarity in terms of 00:29:34.000 --> 00:29:37.029 align:start position:0% if there was Clarity in terms of separation<00:29:34.600> of<00:29:35.120> financial<00:29:35.679> assets<00:29:36.600> uh<00:29:36.840> this 00:29:37.029 --> 00:29:37.039 align:start position:0% separation of financial assets uh this 00:29:37.039 --> 00:29:38.909 align:start position:0% separation of financial assets uh this would<00:29:37.240> not<00:29:37.399> have<00:29:37.600> happened<00:29:37.840> to<00:29:38.000> the<00:29:38.120> hospital 00:29:38.909 --> 00:29:38.919 align:start position:0% would not have happened to the hospital 00:29:38.919 --> 00:29:40.830 align:start position:0% would not have happened to the hospital and<00:29:39.120> then<00:29:39.279> ultimately<00:29:39.840> this<00:29:40.039> Hospital<00:29:40.440> chain 00:29:40.830 --> 00:29:40.840 align:start position:0% and then ultimately this Hospital chain 00:29:40.840 --> 00:29:42.870 align:start position:0% and then ultimately this Hospital chain and<00:29:40.960> this<00:29:41.080> is<00:29:41.159> an<00:29:41.279> Indian<00:29:41.600> Hospital<00:29:41.960> chain<00:29:42.640> got 00:29:42.870 --> 00:29:42.880 align:start position:0% and this is an Indian Hospital chain got 00:29:42.880 --> 00:29:46.310 align:start position:0% and this is an Indian Hospital chain got sold<00:29:43.399> to<00:29:43.960> a<00:29:44.200> Malaysian<00:29:44.760> company<00:29:45.120> called<00:29:45.360> ihh 00:29:46.310 --> 00:29:46.320 align:start position:0% sold to a Malaysian company called ihh 00:29:46.320 --> 00:29:48.230 align:start position:0% sold to a Malaysian company called ihh and<00:29:46.640> today<00:29:46.919> they<00:29:47.039> are<00:29:47.159> restarting<00:29:47.720> operations 00:29:48.230 --> 00:29:48.240 align:start position:0% and today they are restarting operations 00:29:48.240 --> 00:29:50.389 align:start position:0% and today they are restarting operations and<00:29:48.399> coming<00:29:48.720> back<00:29:48.880> on<00:29:49.080> track<00:29:49.640> so<00:29:49.880> that<00:29:50.000> is<00:29:50.159> one 00:29:50.389 --> 00:29:50.399 align:start position:0% and coming back on track so that is one 00:29:50.399 --> 00:29:52.870 align:start position:0% and coming back on track so that is one example<00:29:50.799> of<00:29:51.039> how<00:29:51.519> poor<00:29:51.840> financial<00:29:52.399> management 00:29:52.870 --> 00:29:52.880 align:start position:0% example of how poor financial management 00:29:52.880 --> 00:29:54.950 align:start position:0% example of how poor financial management or<00:29:53.039> some<00:29:53.240> poor<00:29:53.519> decision<00:29:53.880> making<00:29:54.519> at<00:29:54.679> least 00:29:54.950 --> 00:29:54.960 align:start position:0% or some poor decision making at least 00:29:54.960 --> 00:29:58.070 align:start position:0% or some poor decision making at least alleged<00:29:55.480> poor<00:29:55.840> decision<00:29:56.200> making<00:29:56.919> can<00:29:57.120> lead<00:29:57.399> to 00:29:58.070 --> 00:29:58.080 align:start position:0% alleged poor decision making can lead to 00:29:58.080 --> 00:30:00.470 align:start position:0% alleged poor decision making can lead to hospitals<00:29:59.080> uh<00:29:59.240> struggling<00:29:59.799> and<00:30:00.159> and<00:30:00.320> not 00:30:00.470 --> 00:30:00.480 align:start position:0% hospitals uh struggling and and not 00:30:00.480 --> 00:30:02.750 align:start position:0% hospitals uh struggling and and not being<00:30:00.679> able<00:30:00.880> to<00:30:01.120> grow<00:30:02.120> there<00:30:02.240> are<00:30:02.440> other 00:30:02.750 --> 00:30:02.760 align:start position:0% being able to grow there are other 00:30:02.760 --> 00:30:05.990 align:start position:0% being able to grow there are other examples<00:30:03.640> of<00:30:03.919> lowcost<00:30:04.640> Health<00:30:04.960> Care<00:30:05.120> models 00:30:05.990 --> 00:30:06.000 align:start position:0% examples of lowcost Health Care models 00:30:06.000 --> 00:30:07.990 align:start position:0% examples of lowcost Health Care models which<00:30:06.200> have<00:30:06.440> ensured<00:30:07.320> that<00:30:07.519> you<00:30:07.640> know<00:30:07.799> they 00:30:07.990 --> 00:30:08.000 align:start position:0% which have ensured that you know they 00:30:08.000 --> 00:30:10.789 align:start position:0% which have ensured that you know they maintain<00:30:08.440> their<00:30:08.640> financial<00:30:09.320> viability<00:30:10.320> and<00:30:10.559> I 00:30:10.789 --> 00:30:10.799 align:start position:0% maintain their financial viability and I 00:30:10.799 --> 00:30:13.269 align:start position:0% maintain their financial viability and I I'm<00:30:11.080> I'm<00:30:11.200> not<00:30:11.360> shy<00:30:11.679> to<00:30:11.880> take<00:30:12.120> names<00:30:13.000> uh<00:30:13.159> there 00:30:13.269 --> 00:30:13.279 align:start position:0% I'm I'm not shy to take names uh there 00:30:13.279 --> 00:30:16.789 align:start position:0% I'm I'm not shy to take names uh there are<00:30:14.120> various<00:30:14.679> eye<00:30:15.080> hospitals<00:30:16.080> that<00:30:16.440> uh<00:30:16.559> that 00:30:16.789 --> 00:30:16.799 align:start position:0% are various eye hospitals that uh that 00:30:16.799 --> 00:30:18.750 align:start position:0% are various eye hospitals that uh that operate<00:30:17.159> today<00:30:17.799> especially<00:30:18.159> in<00:30:18.279> the<00:30:18.399> south<00:30:18.600> of 00:30:18.750 --> 00:30:18.760 align:start position:0% operate today especially in the south of 00:30:18.760 --> 00:30:22.350 align:start position:0% operate today especially in the south of India<00:30:19.559> which<00:30:20.120> which<00:30:20.480> operate<00:30:21.200> on<00:30:21.519> very<00:30:22.000> wafer 00:30:22.350 --> 00:30:22.360 align:start position:0% India which which operate on very wafer 00:30:22.360 --> 00:30:25.950 align:start position:0% India which which operate on very wafer thin<00:30:22.640> margins<00:30:23.640> and<00:30:24.039> U<00:30:24.840> even<00:30:25.159> as<00:30:25.320> they<00:30:25.519> operate 00:30:25.950 --> 00:30:25.960 align:start position:0% thin margins and U even as they operate 00:30:25.960 --> 00:30:28.870 align:start position:0% thin margins and U even as they operate in<00:30:26.200> those<00:30:26.640> uh<00:30:26.960> wafer<00:30:27.360> thin<00:30:27.559> margins<00:30:28.240> they<00:30:28.600> they 00:30:28.870 --> 00:30:28.880 align:start position:0% in those uh wafer thin margins they they 00:30:28.880 --> 00:30:31.430 align:start position:0% in those uh wafer thin margins they they manage<00:30:29.440> they<00:30:29.600> manage<00:30:29.880> to<00:30:30.000> conin<00:30:30.480> costs<00:30:31.200> and 00:30:31.430 --> 00:30:31.440 align:start position:0% manage they manage to conin costs and 00:30:31.440 --> 00:30:33.789 align:start position:0% manage they manage to conin costs and continue<00:30:32.039> to<00:30:32.279> operate<00:30:32.960> and<00:30:33.080> at<00:30:33.200> the<00:30:33.360> same<00:30:33.600> time 00:30:33.789 --> 00:30:33.799 align:start position:0% continue to operate and at the same time 00:30:33.799 --> 00:30:35.470 align:start position:0% continue to operate and at the same time they're<00:30:34.000> keeping<00:30:34.360> costs<00:30:34.720> down<00:30:35.039> because<00:30:35.279> they 00:30:35.470 --> 00:30:35.480 align:start position:0% they're keeping costs down because they 00:30:35.480 --> 00:30:38.070 align:start position:0% they're keeping costs down because they also<00:30:36.080> have<00:30:36.279> those<00:30:36.559> ethical<00:30:37.080> considerations 00:30:38.070 --> 00:30:38.080 align:start position:0% also have those ethical considerations 00:30:38.080 --> 00:30:39.830 align:start position:0% also have those ethical considerations that<00:30:38.240> they<00:30:38.399> have<00:30:38.559> in<00:30:38.760> mind<00:30:39.159> so<00:30:39.360> that<00:30:39.480> is<00:30:39.600> one 00:30:39.830 --> 00:30:39.840 align:start position:0% that they have in mind so that is one 00:30:39.840 --> 00:30:42.310 align:start position:0% that they have in mind so that is one example<00:30:40.240> of<00:30:40.440> how<00:30:40.600> you<00:30:40.720> can<00:30:41.200> mix<00:30:41.880> both 00:30:42.310 --> 00:30:42.320 align:start position:0% example of how you can mix both 00:30:42.320 --> 00:30:44.590 align:start position:0% example of how you can mix both operating<00:30:42.799> in<00:30:42.960> a<00:30:43.080> for-profit<00:30:43.720> environment 00:30:44.590 --> 00:30:44.600 align:start position:0% operating in a for-profit environment 00:30:44.600 --> 00:30:46.350 align:start position:0% operating in a for-profit environment but<00:30:44.799> making<00:30:45.080> sure<00:30:45.440> that<00:30:45.600> you<00:30:45.720> know<00:30:46.120> your 00:30:46.350 --> 00:30:46.360 align:start position:0% but making sure that you know your 00:30:46.360 --> 00:30:50.389 align:start position:0% but making sure that you know your patient<00:30:46.679> is<00:30:46.799> not<00:30:47.039> burdened<00:30:47.799> by<00:30:48.000> too<00:30:48.240> much<00:30:49.399> of 00:30:50.389 --> 00:30:50.399 align:start position:0% patient is not burdened by too much of 00:30:50.399 --> 00:30:52.950 align:start position:0% patient is not burdened by too much of of<00:30:50.760> profit<00:30:51.080> earing<00:30:51.480> as<00:30:51.640> the<00:30:51.799> case<00:30:52.080> may<00:30:52.279> be<00:30:52.840> you 00:30:52.950 --> 00:30:52.960 align:start position:0% of profit earing as the case may be you 00:30:52.960 --> 00:30:54.990 align:start position:0% of profit earing as the case may be you could<00:30:53.159> look<00:30:53.279> at<00:30:53.440> other<00:30:53.679> Financial<00:30:54.120> models<00:30:54.799> the 00:30:54.990 --> 00:30:55.000 align:start position:0% could look at other Financial models the 00:30:55.000 --> 00:30:57.110 align:start position:0% could look at other Financial models the example<00:30:55.320> of<00:30:55.480> AP<00:30:55.639> poo<00:30:55.919> hospitals<00:30:56.679> running 00:30:57.110 --> 00:30:57.120 align:start position:0% example of AP poo hospitals running 00:30:57.120 --> 00:31:00.029 align:start position:0% example of AP poo hospitals running smaller<00:30:57.600> h<00:30:58.120> hospitals<00:30:58.960> in<00:30:59.120> tier<00:30:59.399> 2<00:30:59.600> tier<00:30:59.840> three 00:31:00.029 --> 00:31:00.039 align:start position:0% smaller h hospitals in tier 2 tier three 00:31:00.039 --> 00:31:02.870 align:start position:0% smaller h hospitals in tier 2 tier three cities<00:31:00.720> which<00:31:00.960> are<00:31:01.320> only<00:31:02.000> either<00:31:02.320> single<00:31:02.679> or 00:31:02.870 --> 00:31:02.880 align:start position:0% cities which are only either single or 00:31:02.880 --> 00:31:05.830 align:start position:0% cities which are only either single or multip<00:31:03.320> specialty<00:31:03.720> hospitals<00:31:04.720> uh<00:31:05.039> but<00:31:05.559> there 00:31:05.830 --> 00:31:05.840 align:start position:0% multip specialty hospitals uh but there 00:31:05.840 --> 00:31:08.870 align:start position:0% multip specialty hospitals uh but there the<00:31:06.080> cost<00:31:06.559> that<00:31:06.720> is<00:31:07.039> there<00:31:07.480> is<00:31:07.720> much<00:31:08.000> lesser 00:31:08.870 --> 00:31:08.880 align:start position:0% the cost that is there is much lesser 00:31:08.880 --> 00:31:11.029 align:start position:0% the cost that is there is much lesser and<00:31:09.240> uh<00:31:09.440> how<00:31:09.639> you<00:31:09.760> can<00:31:10.039> offset<00:31:10.519> that<00:31:10.720> even<00:31:10.919> if 00:31:11.029 --> 00:31:11.039 align:start position:0% and uh how you can offset that even if 00:31:11.039 --> 00:31:13.389 align:start position:0% and uh how you can offset that even if you<00:31:11.200> don't<00:31:11.440> make<00:31:11.760> enough<00:31:12.080> in<00:31:12.279> that<00:31:12.720> you<00:31:12.919> offset 00:31:13.389 --> 00:31:13.399 align:start position:0% you don't make enough in that you offset 00:31:13.399 --> 00:31:15.830 align:start position:0% you don't make enough in that you offset that<00:31:13.840> by<00:31:14.399> uh<00:31:14.559> the<00:31:14.679> hospitals<00:31:15.159> that<00:31:15.279> you<00:31:15.399> are 00:31:15.830 --> 00:31:15.840 align:start position:0% that by uh the hospitals that you are 00:31:15.840 --> 00:31:18.470 align:start position:0% that by uh the hospitals that you are operating<00:31:16.200> in<00:31:16.320> the<00:31:16.440> Metros<00:31:17.320> how<00:31:17.519> do<00:31:17.679> you<00:31:17.880> weigh 00:31:18.470 --> 00:31:18.480 align:start position:0% operating in the Metros how do you weigh 00:31:18.480 --> 00:31:20.230 align:start position:0% operating in the Metros how do you weigh one<00:31:18.760> between<00:31:19.080> the<00:31:19.200> other<00:31:19.440> so<00:31:19.760> there<00:31:19.880> are 00:31:20.230 --> 00:31:20.240 align:start position:0% one between the other so there are 00:31:20.240 --> 00:31:21.870 align:start position:0% one between the other so there are numerous<00:31:20.720> examples<00:31:21.120> and<00:31:21.320> case<00:31:21.519> studies 00:31:21.870 --> 00:31:21.880 align:start position:0% numerous examples and case studies 00:31:21.880 --> 00:31:24.070 align:start position:0% numerous examples and case studies within<00:31:22.159> Healthcare<00:31:22.600> also<00:31:23.200> and<00:31:23.360> I<00:31:23.480> would<00:31:23.799> urge 00:31:24.070 --> 00:31:24.080 align:start position:0% within Healthcare also and I would urge 00:31:24.080 --> 00:31:26.629 align:start position:0% within Healthcare also and I would urge you<00:31:24.440> strongly<00:31:25.039> to<00:31:25.240> go<00:31:25.360> and<00:31:25.559> look<00:31:25.720> at<00:31:25.960> those<00:31:26.519> uh 00:31:26.629 --> 00:31:26.639 align:start position:0% you strongly to go and look at those uh 00:31:26.639 --> 00:31:28.710 align:start position:0% you strongly to go and look at those uh case<00:31:26.880> studies<00:31:27.399> that<00:31:27.600> exist<00:31:28.080> some<00:31:28.320> I<00:31:28.480> spoke 00:31:28.710 --> 00:31:28.720 align:start position:0% case studies that exist some I spoke 00:31:28.720 --> 00:31:31.230 align:start position:0% case studies that exist some I spoke about<00:31:29.000> some<00:31:29.159> you<00:31:29.279> can<00:31:29.480> also<00:31:29.919> look<00:31:30.159> on<00:31:30.360> your<00:31:30.519> own 00:31:31.230 --> 00:31:31.240 align:start position:0% about some you can also look on your own 00:31:31.240 --> 00:31:34.230 align:start position:0% about some you can also look on your own now<00:31:32.240> how<00:31:32.399> do<00:31:32.559> we<00:31:32.720> generate<00:31:33.159> funds<00:31:34.000> we've 00:31:34.230 --> 00:31:34.240 align:start position:0% now how do we generate funds we've 00:31:34.240 --> 00:31:35.669 align:start position:0% now how do we generate funds we've already<00:31:34.559> spoken<00:31:34.919> about<00:31:35.159> financial 00:31:35.669 --> 00:31:35.679 align:start position:0% already spoken about financial 00:31:35.679 --> 00:31:38.310 align:start position:0% already spoken about financial management<00:31:36.679> but<00:31:36.919> obviously<00:31:37.679> management 00:31:38.310 --> 00:31:38.320 align:start position:0% management but obviously management 00:31:38.320 --> 00:31:41.149 align:start position:0% management but obviously management happens<00:31:38.799> when<00:31:39.000> you<00:31:39.519> have<00:31:39.799> funds<00:31:40.600> if<00:31:40.760> you<00:31:40.880> are 00:31:41.149 --> 00:31:41.159 align:start position:0% happens when you have funds if you are 00:31:41.159 --> 00:31:42.750 align:start position:0% happens when you have funds if you are not<00:31:41.519> if<00:31:41.600> you<00:31:41.720> don't<00:31:41.960> have<00:31:42.120> funds<00:31:42.480> what<00:31:42.600> will 00:31:42.750 --> 00:31:42.760 align:start position:0% not if you don't have funds what will 00:31:42.760 --> 00:31:45.230 align:start position:0% not if you don't have funds what will you<00:31:43.000> manage<00:31:44.000> there<00:31:44.120> are<00:31:44.320> various<00:31:44.639> sources<00:31:45.080> and 00:31:45.230 --> 00:31:45.240 align:start position:0% you manage there are various sources and 00:31:45.240 --> 00:31:47.750 align:start position:0% you manage there are various sources and some<00:31:45.360> of<00:31:45.480> these<00:31:45.600> are<00:31:45.840> very<00:31:46.440> obvious<00:31:47.440> in<00:31:47.600> the 00:31:47.750 --> 00:31:47.760 align:start position:0% some of these are very obvious in the 00:31:47.760 --> 00:31:49.629 align:start position:0% some of these are very obvious in the public<00:31:48.080> health<00:31:48.360> space<00:31:48.799> we<00:31:48.960> know<00:31:49.399> that 00:31:49.629 --> 00:31:49.639 align:start position:0% public health space we know that 00:31:49.639 --> 00:31:51.870 align:start position:0% public health space we know that Government<00:31:50.039> funding<00:31:50.960> through<00:31:51.480> uh<00:31:51.600> the 00:31:51.870 --> 00:31:51.880 align:start position:0% Government funding through uh the 00:31:51.880 --> 00:31:54.149 align:start position:0% Government funding through uh the budgets<00:31:52.279> of<00:31:52.679> uh<00:31:53.039> the<00:31:53.240> health<00:31:53.559> departments<00:31:54.039> in 00:31:54.149 --> 00:31:54.159 align:start position:0% budgets of uh the health departments in 00:31:54.159 --> 00:31:56.789 align:start position:0% budgets of uh the health departments in the<00:31:54.360> states<00:31:55.000> or<00:31:55.240> the<00:31:55.360> union<00:31:55.799> health<00:31:56.080> Ministry 00:31:56.789 --> 00:31:56.799 align:start position:0% the states or the union health Ministry 00:31:56.799 --> 00:31:58.789 align:start position:0% the states or the union health Ministry at<00:31:57.000> the<00:31:57.120> government<00:31:57.399> of<00:31:57.519> India<00:31:57.960> level<00:31:58.480> are<00:31:58.679> the 00:31:58.789 --> 00:31:58.799 align:start position:0% at the government of India level are the 00:31:58.799 --> 00:32:01.710 align:start position:0% at the government of India level are the ones<00:31:59.080> that<00:31:59.200> are<00:31:59.360> providing<00:32:00.039> grants<00:32:01.039> uh<00:32:01.320> to 00:32:01.710 --> 00:32:01.720 align:start position:0% ones that are providing grants uh to 00:32:01.720 --> 00:32:04.629 align:start position:0% ones that are providing grants uh to hospitals<00:32:02.720> or<00:32:02.919> public<00:32:03.320> hospitals<00:32:04.039> to<00:32:04.240> run<00:32:04.440> and 00:32:04.629 --> 00:32:04.639 align:start position:0% hospitals or public hospitals to run and 00:32:04.639 --> 00:32:07.669 align:start position:0% hospitals or public hospitals to run and operate<00:32:05.039> so<00:32:05.200> for<00:32:05.399> example<00:32:06.399> if<00:32:06.519> you<00:32:06.760> in<00:32:06.919> Delhi 00:32:07.669 --> 00:32:07.679 align:start position:0% operate so for example if you in Delhi 00:32:07.679 --> 00:32:10.830 align:start position:0% operate so for example if you in Delhi and<00:32:08.080> uh<00:32:08.320> you<00:32:08.639> are<00:32:09.159> running<00:32:10.159> uh<00:32:10.279> the<00:32:10.399> all<00:32:10.559> India 00:32:10.830 --> 00:32:10.840 align:start position:0% and uh you are running uh the all India 00:32:10.840 --> 00:32:12.230 align:start position:0% and uh you are running uh the all India Institute<00:32:11.200> of<00:32:11.320> Medical 00:32:12.230 --> 00:32:12.240 align:start position:0% Institute of Medical 00:32:12.240 --> 00:32:15.430 align:start position:0% Institute of Medical Sciences<00:32:13.240> it's<00:32:13.399> an<00:32:13.559> autonomous<00:32:14.279> body<00:32:15.279> which 00:32:15.430 --> 00:32:15.440 align:start position:0% Sciences it's an autonomous body which 00:32:15.440 --> 00:32:16.830 align:start position:0% Sciences it's an autonomous body which gets<00:32:15.639> its<00:32:15.799> funding<00:32:16.120> from<00:32:16.279> the<00:32:16.399> government<00:32:16.720> of 00:32:16.830 --> 00:32:16.840 align:start position:0% gets its funding from the government of 00:32:16.840 --> 00:32:18.269 align:start position:0% gets its funding from the government of India<00:32:17.120> so<00:32:17.279> they<00:32:17.440> they<00:32:17.559> have<00:32:17.679> to<00:32:17.840> make<00:32:18.039> their 00:32:18.269 --> 00:32:18.279 align:start position:0% India so they they have to make their 00:32:18.279 --> 00:32:21.029 align:start position:0% India so they they have to make their entire<00:32:18.559> budgeting<00:32:19.399> exercise<00:32:20.399> show<00:32:20.720> how<00:32:20.880> much 00:32:21.029 --> 00:32:21.039 align:start position:0% entire budgeting exercise show how much 00:32:21.039 --> 00:32:22.629 align:start position:0% entire budgeting exercise show how much money<00:32:21.279> they're<00:32:21.559> expecting<00:32:22.000> or<00:32:22.200> wanting<00:32:22.480> to 00:32:22.629 --> 00:32:22.639 align:start position:0% money they're expecting or wanting to 00:32:22.639 --> 00:32:25.310 align:start position:0% money they're expecting or wanting to sell<00:32:23.200> uh<00:32:23.360> to<00:32:23.559> spend<00:32:24.320> and<00:32:24.480> then<00:32:24.639> the<00:32:24.760> government 00:32:25.310 --> 00:32:25.320 align:start position:0% sell uh to spend and then the government 00:32:25.320 --> 00:32:27.310 align:start position:0% sell uh to spend and then the government provides<00:32:25.760> grants<00:32:26.399> bases<00:32:26.840> various<00:32:27.159> things 00:32:27.310 --> 00:32:27.320 align:start position:0% provides grants bases various things 00:32:27.320 --> 00:32:29.750 align:start position:0% provides grants bases various things that<00:32:27.559> they 00:32:29.750 --> 00:32:29.760 align:start position:0% that they 00:32:29.760 --> 00:32:33.470 align:start position:0% that they have<00:32:29.919> in<00:32:30.240> mind<00:32:31.240> the<00:32:31.399> other<00:32:31.720> is<00:32:32.240> that<00:32:32.679> uh<00:32:32.960> grants 00:32:33.470 --> 00:32:33.480 align:start position:0% have in mind the other is that uh grants 00:32:33.480 --> 00:32:36.990 align:start position:0% have in mind the other is that uh grants can<00:32:33.760> also<00:32:34.159> come<00:32:34.799> for<00:32:35.320> specific<00:32:36.000> projects<00:32:36.840> they 00:32:36.990 --> 00:32:37.000 align:start position:0% can also come for specific projects they 00:32:37.000 --> 00:32:38.990 align:start position:0% can also come for specific projects they could<00:32:37.200> come<00:32:37.360> for<00:32:37.720> specific<00:32:38.279> areas<00:32:38.720> of 00:32:38.990 --> 00:32:39.000 align:start position:0% could come for specific areas of 00:32:39.000 --> 00:32:42.629 align:start position:0% could come for specific areas of operations<00:32:40.000> so<00:32:40.240> for<00:32:40.679> example<00:32:41.679> if<00:32:41.799> you<00:32:41.919> are<00:32:42.399> not 00:32:42.629 --> 00:32:42.639 align:start position:0% operations so for example if you are not 00:32:42.639 --> 00:32:45.950 align:start position:0% operations so for example if you are not for<00:32:42.960> profit<00:32:43.720> and<00:32:43.919> you're<00:32:44.240> operating<00:32:45.240> uh<00:32:45.600> say<00:32:45.799> a 00:32:45.950 --> 00:32:45.960 align:start position:0% for profit and you're operating uh say a 00:32:45.960 --> 00:32:48.149 align:start position:0% for profit and you're operating uh say a hospital<00:32:46.320> or<00:32:46.480> health<00:32:46.720> facility<00:32:47.600> and<00:32:47.760> you<00:32:47.880> are 00:32:48.149 --> 00:32:48.159 align:start position:0% hospital or health facility and you are 00:32:48.159 --> 00:32:50.990 align:start position:0% hospital or health facility and you are offering<00:32:48.600> a<00:32:48.840> vaccination<00:32:49.480> Drive<00:32:50.360> uh<00:32:50.480> various 00:32:50.990 --> 00:32:51.000 align:start position:0% offering a vaccination Drive uh various 00:32:51.000 --> 00:32:52.669 align:start position:0% offering a vaccination Drive uh various people<00:32:51.279> could<00:32:51.480> provide<00:32:51.880> grants<00:32:52.200> who<00:32:52.360> work<00:32:52.559> in 00:32:52.669 --> 00:32:52.679 align:start position:0% people could provide grants who work in 00:32:52.679 --> 00:32:55.149 align:start position:0% people could provide grants who work in the<00:32:52.840> space<00:32:53.080> of<00:32:53.320> financing<00:32:54.320> uh<00:32:54.519> vaccination 00:32:55.149 --> 00:32:55.159 align:start position:0% the space of financing uh vaccination 00:32:55.159 --> 00:32:57.830 align:start position:0% the space of financing uh vaccination programs<00:32:56.120> could<00:32:56.360> come<00:32:56.559> forward<00:32:57.279> and<00:32:57.480> then 00:32:57.830 --> 00:32:57.840 align:start position:0% programs could come forward and then 00:32:57.840 --> 00:32:59.310 align:start position:0% programs could come forward and then provide<00:32:58.159> you<00:32:58.360> with<00:32:58.519> those<00:32:58.679> grants<00:32:59.039> so<00:32:59.159> for 00:32:59.310 --> 00:32:59.320 align:start position:0% provide you with those grants so for 00:32:59.320 --> 00:33:01.669 align:start position:0% provide you with those grants so for example<00:32:59.799> I'm<00:32:59.960> just<00:33:00.080> taking<00:33:00.360> random<00:33:00.840> examples 00:33:01.669 --> 00:33:01.679 align:start position:0% example I'm just taking random examples 00:33:01.679 --> 00:33:04.070 align:start position:0% example I'm just taking random examples if<00:33:01.840> the<00:33:01.960> Bill<00:33:02.159> and<00:33:02.279> Melinda<00:33:02.720> Gates<00:33:03.080> Foundation 00:33:04.070 --> 00:33:04.080 align:start position:0% if the Bill and Melinda Gates Foundation 00:33:04.080 --> 00:33:06.669 align:start position:0% if the Bill and Melinda Gates Foundation uh<00:33:04.200> is<00:33:04.399> Keen<00:33:04.679> on<00:33:04.880> doing<00:33:05.200> a<00:33:05.399> vaccination<00:33:06.039> Drive 00:33:06.669 --> 00:33:06.679 align:start position:0% uh is Keen on doing a vaccination Drive 00:33:06.679 --> 00:33:09.909 align:start position:0% uh is Keen on doing a vaccination Drive in<00:33:06.919> a<00:33:07.240> particular<00:33:08.240> area<00:33:08.919> and<00:33:09.120> you<00:33:09.360> operate<00:33:09.720> a 00:33:09.909 --> 00:33:09.919 align:start position:0% in a particular area and you operate a 00:33:09.919 --> 00:33:11.990 align:start position:0% in a particular area and you operate a hospital<00:33:10.480> there<00:33:11.080> those<00:33:11.360> grants<00:33:11.720> could<00:33:11.880> be 00:33:11.990 --> 00:33:12.000 align:start position:0% hospital there those grants could be 00:33:12.000 --> 00:33:13.950 align:start position:0% hospital there those grants could be made<00:33:12.200> available<00:33:12.559> to<00:33:12.720> you<00:33:12.880> to<00:33:13.159> execute<00:33:13.600> so 00:33:13.950 --> 00:33:13.960 align:start position:0% made available to you to execute so 00:33:13.960 --> 00:33:16.430 align:start position:0% made available to you to execute so that's<00:33:14.200> one<00:33:14.480> way<00:33:14.639> of<00:33:15.120> how<00:33:15.320> funding<00:33:15.799> comes<00:33:16.279> and 00:33:16.430 --> 00:33:16.440 align:start position:0% that's one way of how funding comes and 00:33:16.440 --> 00:33:19.070 align:start position:0% that's one way of how funding comes and this<00:33:16.559> is<00:33:16.760> mostly<00:33:17.120> for<00:33:17.399> the<00:33:17.840> for<00:33:18.080> the<00:33:18.840> for<00:33:19.000> the 00:33:19.070 --> 00:33:19.080 align:start position:0% this is mostly for the for the for the 00:33:19.080 --> 00:33:20.830 align:start position:0% this is mostly for the for the for the not<00:33:19.320> for-profit<00:33:19.919> or<00:33:20.120> the<00:33:20.279> Public<00:33:20.559> Health 00:33:20.830 --> 00:33:20.840 align:start position:0% not for-profit or the Public Health 00:33:20.840 --> 00:33:23.430 align:start position:0% not for-profit or the Public Health Systems<00:33:21.840> many<00:33:22.080> of<00:33:22.320> these<00:33:22.720> also<00:33:23.000> generate 00:33:23.430 --> 00:33:23.440 align:start position:0% Systems many of these also generate 00:33:23.440 --> 00:33:25.110 align:start position:0% Systems many of these also generate their<00:33:23.639> own<00:33:23.880> revenues<00:33:24.440> it's<00:33:24.559> not<00:33:24.760> as<00:33:24.880> if<00:33:25.000> they 00:33:25.110 --> 00:33:25.120 align:start position:0% their own revenues it's not as if they 00:33:25.120 --> 00:33:27.950 align:start position:0% their own revenues it's not as if they don't<00:33:25.360> charge<00:33:25.799> user<00:33:26.159> charges<00:33:26.919> but<00:33:27.080> a<00:33:27.240> lot<00:33:27.559> the 00:33:27.950 --> 00:33:27.960 align:start position:0% don't charge user charges but a lot the 00:33:27.960 --> 00:33:30.629 align:start position:0% don't charge user charges but a lot the the<00:33:28.360> viability<00:33:29.080> Gap<00:33:29.799> the<00:33:30.000> Gap<00:33:30.320> that<00:33:30.440> is 00:33:30.629 --> 00:33:30.639 align:start position:0% the viability Gap the Gap that is 00:33:30.639 --> 00:33:34.070 align:start position:0% the viability Gap the Gap that is required<00:33:31.120> to<00:33:31.919> fill<00:33:32.399> the<00:33:32.799> viability<00:33:33.320> so<00:33:33.519> if<00:33:33.639> you 00:33:34.070 --> 00:33:34.080 align:start position:0% required to fill the viability so if you 00:33:34.080 --> 00:33:35.549 align:start position:0% required to fill the viability so if you if<00:33:34.159> you<00:33:34.279> need<00:33:34.559> 100<00:33:34.799> rupees<00:33:35.080> that<00:33:35.200> you<00:33:35.279> need<00:33:35.440> to 00:33:35.549 --> 00:33:35.559 align:start position:0% if you need 100 rupees that you need to 00:33:35.559 --> 00:33:38.430 align:start position:0% if you need 100 rupees that you need to spend<00:33:36.080> but<00:33:36.200> you're<00:33:36.399> making<00:33:36.679> only<00:33:36.919> 20<00:33:37.600> that<00:33:37.760> 80 00:33:38.430 --> 00:33:38.440 align:start position:0% spend but you're making only 20 that 80 00:33:38.440 --> 00:33:40.190 align:start position:0% spend but you're making only 20 that 80 comes<00:33:38.720> from<00:33:39.200> either<00:33:39.519> funding<00:33:39.919> from<00:33:40.080> the 00:33:40.190 --> 00:33:40.200 align:start position:0% comes from either funding from the 00:33:40.200 --> 00:33:42.509 align:start position:0% comes from either funding from the government<00:33:40.600> or<00:33:40.760> from<00:33:41.159> Grants<00:33:42.159> and<00:33:42.279> then<00:33:42.399> there 00:33:42.509 --> 00:33:42.519 align:start position:0% government or from Grants and then there 00:33:42.519 --> 00:33:45.029 align:start position:0% government or from Grants and then there are<00:33:42.679> private<00:33:43.039> Investments<00:33:43.760> and<00:33:44.000> then<00:33:44.519> these 00:33:45.029 --> 00:33:45.039 align:start position:0% are private Investments and then these 00:33:45.039 --> 00:33:46.870 align:start position:0% are private Investments and then these uh<00:33:45.240> these<00:33:45.720> could<00:33:45.880> be<00:33:46.159> from<00:33:46.360> the<00:33:46.519> private 00:33:46.870 --> 00:33:46.880 align:start position:0% uh these could be from the private 00:33:46.880 --> 00:33:49.269 align:start position:0% uh these could be from the private Equity<00:33:47.279> space<00:33:48.000> they<00:33:48.159> could<00:33:48.320> be<00:33:48.559> investors<00:33:49.120> who 00:33:49.269 --> 00:33:49.279 align:start position:0% Equity space they could be investors who 00:33:49.279 --> 00:33:50.590 align:start position:0% Equity space they could be investors who are<00:33:49.440> investing<00:33:49.880> they<00:33:50.000> could<00:33:50.159> be<00:33:50.279> from<00:33:50.440> the 00:33:50.590 --> 00:33:50.600 align:start position:0% are investing they could be from the 00:33:50.600 --> 00:33:53.029 align:start position:0% are investing they could be from the stock<00:33:50.880> market<00:33:51.440> if<00:33:51.559> you're<00:33:51.760> a<00:33:51.880> listed<00:33:52.240> entity 00:33:53.029 --> 00:33:53.039 align:start position:0% stock market if you're a listed entity 00:33:53.039 --> 00:33:55.310 align:start position:0% stock market if you're a listed entity and<00:33:53.279> Investments<00:33:53.840> could<00:33:54.159> also<00:33:54.799> when<00:33:54.919> I<00:33:55.039> say 00:33:55.310 --> 00:33:55.320 align:start position:0% and Investments could also when I say 00:33:55.320 --> 00:33:57.190 align:start position:0% and Investments could also when I say private<00:33:55.799> this<00:33:56.039> also<00:33:56.279> means<00:33:56.559> it<00:33:56.679> could<00:33:56.840> be<00:33:56.960> from 00:33:57.190 --> 00:33:57.200 align:start position:0% private this also means it could be from 00:33:57.200 --> 00:33:59.149 align:start position:0% private this also means it could be from Banks<00:33:57.919> it<00:33:58.080> could<00:33:58.240> be<00:33:58.399> from<00:33:58.600> financial 00:33:59.149 --> 00:33:59.159 align:start position:0% Banks it could be from financial 00:33:59.159 --> 00:34:01.230 align:start position:0% Banks it could be from financial institutions<00:33:59.760> so<00:34:00.200> when<00:34:00.360> I<00:34:00.519> say<00:34:00.760> private<00:34:01.120> I 00:34:01.230 --> 00:34:01.240 align:start position:0% institutions so when I say private I 00:34:01.240 --> 00:34:04.029 align:start position:0% institutions so when I say private I mean<00:34:01.639> non-governmental<00:34:02.639> sources<00:34:03.480> of<00:34:03.679> raising 00:34:04.029 --> 00:34:04.039 align:start position:0% mean non-governmental sources of raising 00:34:04.039 --> 00:34:06.350 align:start position:0% mean non-governmental sources of raising money<00:34:04.399> so<00:34:04.760> you<00:34:04.880> could<00:34:05.159> have<00:34:05.519> also<00:34:05.960> borrow 00:34:06.350 --> 00:34:06.360 align:start position:0% money so you could have also borrow 00:34:06.360 --> 00:34:08.669 align:start position:0% money so you could have also borrow money<00:34:07.000> from<00:34:07.320> these<00:34:07.519> financial<00:34:07.960> institutions 00:34:08.669 --> 00:34:08.679 align:start position:0% money from these financial institutions 00:34:08.679 --> 00:34:10.829 align:start position:0% money from these financial institutions to<00:34:08.960> then<00:34:09.200> invest<00:34:09.879> or<00:34:10.119> make<00:34:10.280> sure<00:34:10.560> you<00:34:10.679> are 00:34:10.829 --> 00:34:10.839 align:start position:0% to then invest or make sure you are 00:34:10.839 --> 00:34:12.190 align:start position:0% to then invest or make sure you are running<00:34:11.200> your 00:34:12.190 --> 00:34:12.200 align:start position:0% running your 00:34:12.200 --> 00:34:14.270 align:start position:0% running your operations<00:34:13.200> and<00:34:13.320> then<00:34:13.520> others<00:34:13.879> are<00:34:14.079> through 00:34:14.270 --> 00:34:14.280 align:start position:0% operations and then others are through 00:34:14.280 --> 00:34:16.750 align:start position:0% operations and then others are through donations<00:34:15.159> we<00:34:15.320> know<00:34:15.599> that<00:34:15.760> you<00:34:15.879> know<00:34:16.040> a<00:34:16.200> lot 00:34:16.750 --> 00:34:16.760 align:start position:0% donations we know that you know a lot 00:34:16.760 --> 00:34:18.909 align:start position:0% donations we know that you know a lot lot<00:34:16.919> of<00:34:17.040> not<00:34:17.280> for-profits<00:34:18.119> are<00:34:18.320> also<00:34:18.520> seeking 00:34:18.909 --> 00:34:18.919 align:start position:0% lot of not for-profits are also seeking 00:34:18.919 --> 00:34:20.829 align:start position:0% lot of not for-profits are also seeking their<00:34:19.079> sources<00:34:19.480> so<00:34:19.599> broadly<00:34:20.000> speaking<00:34:20.679> you 00:34:20.829 --> 00:34:20.839 align:start position:0% their sources so broadly speaking you 00:34:20.839 --> 00:34:22.190 align:start position:0% their sources so broadly speaking you could<00:34:21.040> generate<00:34:21.440> them<00:34:21.639> obviously<00:34:22.040> you 00:34:22.190 --> 00:34:22.200 align:start position:0% could generate them obviously you 00:34:22.200 --> 00:34:24.030 align:start position:0% could generate them obviously you generate<00:34:22.560> them<00:34:22.720> from<00:34:23.200> the<00:34:23.359> operations<00:34:23.879> that 00:34:24.030 --> 00:34:24.040 align:start position:0% generate them from the operations that 00:34:24.040 --> 00:34:26.669 align:start position:0% generate them from the operations that you<00:34:24.159> run<00:34:24.560> but<00:34:24.800> external<00:34:25.240> sources<00:34:26.159> uh<00:34:26.320> could<00:34:26.480> be 00:34:26.669 --> 00:34:26.679 align:start position:0% you run but external sources uh could be 00:34:26.679 --> 00:34:29.349 align:start position:0% you run but external sources uh could be you<00:34:26.800> know<00:34:27.000> private<00:34:27.320> investment<00:34:27.800> ments<00:34:28.599> uh<00:34:29.200> it 00:34:29.349 --> 00:34:29.359 align:start position:0% you know private investment ments uh it 00:34:29.359 --> 00:34:32.589 align:start position:0% you know private investment ments uh it could<00:34:29.560> be<00:34:30.280> uh<00:34:30.520> donations<00:34:31.520> it<00:34:31.679> could<00:34:31.919> be<00:34:32.320> from 00:34:32.589 --> 00:34:32.599 align:start position:0% could be uh donations it could be from 00:34:32.599 --> 00:34:35.629 align:start position:0% could be uh donations it could be from Grants<00:34:33.359> or<00:34:33.520> it<00:34:33.679> could<00:34:33.879> be<00:34:34.280> from<00:34:34.599> Government 00:34:35.629 --> 00:34:35.639 align:start position:0% Grants or it could be from Government 00:34:35.639 --> 00:34:38.349 align:start position:0% Grants or it could be from Government funding<00:34:36.639> and<00:34:36.760> we<00:34:36.960> also<00:34:37.200> know<00:34:37.760> that<00:34:37.960> patient 00:34:38.349 --> 00:34:38.359 align:start position:0% funding and we also know that patient 00:34:38.359 --> 00:34:41.589 align:start position:0% funding and we also know that patient revenues<00:34:39.359> uh<00:34:39.520> and<00:34:40.200> the<00:34:40.359> revenues<00:34:40.800> coming<00:34:41.040> from 00:34:41.589 --> 00:34:41.599 align:start position:0% revenues uh and the revenues coming from 00:34:41.599 --> 00:34:44.270 align:start position:0% revenues uh and the revenues coming from insurance<00:34:42.599> are<00:34:42.919> very<00:34:43.159> critical<00:34:43.879> in<00:34:44.040> the 00:34:44.270 --> 00:34:44.280 align:start position:0% insurance are very critical in the 00:34:44.280 --> 00:34:46.790 align:start position:0% insurance are very critical in the hospitals<00:34:44.879> generating<00:34:45.520> cash<00:34:46.119> and<00:34:46.280> generating 00:34:46.790 --> 00:34:46.800 align:start position:0% hospitals generating cash and generating 00:34:46.800 --> 00:34:49.589 align:start position:0% hospitals generating cash and generating that<00:34:47.040> cash<00:34:47.240> flow<00:34:47.800> so<00:34:48.000> again<00:34:48.480> as<00:34:48.599> I<00:34:48.760> said<00:34:49.079> that 00:34:49.589 --> 00:34:49.599 align:start position:0% that cash flow so again as I said that 00:34:49.599 --> 00:34:52.869 align:start position:0% that cash flow so again as I said that these<00:34:49.800> two<00:34:50.079> sources<00:34:51.079> of<00:34:51.520> uh<00:34:51.760> revenues<00:34:52.760> uh 00:34:52.869 --> 00:34:52.879 align:start position:0% these two sources of uh revenues uh 00:34:52.879 --> 00:34:55.030 align:start position:0% these two sources of uh revenues uh coming<00:34:53.200> from<00:34:53.520> patients<00:34:54.000> directly<00:34:54.679> or<00:34:54.879> some 00:34:55.030 --> 00:34:55.040 align:start position:0% coming from patients directly or some 00:34:55.040 --> 00:34:56.869 align:start position:0% coming from patients directly or some sorts<00:34:55.399> of<00:34:55.560> insurance<00:34:56.079> again<00:34:56.280> when<00:34:56.399> I<00:34:56.520> use<00:34:56.760> the 00:34:56.869 --> 00:34:56.879 align:start position:0% sorts of insurance again when I use the 00:34:56.879 --> 00:34:59.109 align:start position:0% sorts of insurance again when I use the word<00:34:57.119> insurance<00:34:57.960> I<00:34:58.079> don't<00:34:58.320> mean<00:34:58.560> a<00:34:58.760> private 00:34:59.109 --> 00:34:59.119 align:start position:0% word insurance I don't mean a private 00:34:59.119 --> 00:35:01.670 align:start position:0% word insurance I don't mean a private insurance<00:34:59.640> policy<00:35:00.119> only<00:35:00.920> I<00:35:01.079> also<00:35:01.320> mean<00:35:01.560> if 00:35:01.670 --> 00:35:01.680 align:start position:0% insurance policy only I also mean if 00:35:01.680 --> 00:35:04.270 align:start position:0% insurance policy only I also mean if your<00:35:01.880> employer<00:35:02.359> covers<00:35:02.800> you<00:35:03.440> or<00:35:03.760> if<00:35:03.880> you<00:35:04.000> are 00:35:04.270 --> 00:35:04.280 align:start position:0% your employer covers you or if you are 00:35:04.280 --> 00:35:06.670 align:start position:0% your employer covers you or if you are covered<00:35:04.640> under<00:35:05.160> any<00:35:05.400> health<00:35:05.760> scheme<00:35:06.359> that<00:35:06.520> is 00:35:06.670 --> 00:35:06.680 align:start position:0% covered under any health scheme that is 00:35:06.680 --> 00:35:08.630 align:start position:0% covered under any health scheme that is another<00:35:07.040> source<00:35:07.359> of<00:35:07.599> insurance<00:35:08.400> through 00:35:08.630 --> 00:35:08.640 align:start position:0% another source of insurance through 00:35:08.640 --> 00:35:11.349 align:start position:0% another source of insurance through which<00:35:08.960> hospitals<00:35:09.520> generate<00:35:09.960> their<00:35:10.200> cash<00:35:11.200> and 00:35:11.349 --> 00:35:11.359 align:start position:0% which hospitals generate their cash and 00:35:11.359 --> 00:35:14.870 align:start position:0% which hospitals generate their cash and then<00:35:11.960> obviously<00:35:12.960> we<00:35:13.440> we<00:35:13.680> do<00:35:13.960> effective 00:35:14.870 --> 00:35:14.880 align:start position:0% then obviously we we do effective 00:35:14.880 --> 00:35:16.710 align:start position:0% then obviously we we do effective billing<00:35:15.200> and<00:35:15.480> collections<00:35:15.960> management<00:35:16.599> which 00:35:16.710 --> 00:35:16.720 align:start position:0% billing and collections management which 00:35:16.720 --> 00:35:20.030 align:start position:0% billing and collections management which is<00:35:16.920> critical<00:35:17.359> for<00:35:18.200> for<00:35:18.640> our<00:35:19.560> Hospital 00:35:20.030 --> 00:35:20.040 align:start position:0% is critical for for our Hospital 00:35:20.040 --> 00:35:22.030 align:start position:0% is critical for for our Hospital operations<00:35:20.920> Financial 00:35:22.030 --> 00:35:22.040 align:start position:0% operations Financial 00:35:22.040 --> 00:35:24.910 align:start position:0% operations Financial bity<00:35:23.040> now<00:35:23.280> coming<00:35:23.520> to<00:35:23.760> these<00:35:24.200> U<00:35:24.320> so<00:35:24.560> now<00:35:24.720> we've 00:35:24.910 --> 00:35:24.920 align:start position:0% bity now coming to these U so now we've 00:35:24.920 --> 00:35:27.230 align:start position:0% bity now coming to these U so now we've understood<00:35:25.400> theories<00:35:25.880> we've<00:35:26.079> understood<00:35:26.920> how 00:35:27.230 --> 00:35:27.240 align:start position:0% understood theories we've understood how 00:35:27.240 --> 00:35:28.870 align:start position:0% understood theories we've understood how how<00:35:27.400> they<00:35:27.720> lay<00:35:27.880> out<00:35:28.040> in<00:35:28.119> the<00:35:28.280> largest<00:35:28.599> scheme 00:35:28.870 --> 00:35:28.880 align:start position:0% how they lay out in the largest scheme 00:35:28.880 --> 00:35:31.510 align:start position:0% how they lay out in the largest scheme of<00:35:29.040> things<00:35:30.000> um<00:35:30.359> why<00:35:30.520> they<00:35:30.640> are<00:35:30.839> important<00:35:31.359> and 00:35:31.510 --> 00:35:31.520 align:start position:0% of things um why they are important and 00:35:31.520 --> 00:35:33.230 align:start position:0% of things um why they are important and how<00:35:31.680> they<00:35:31.800> can<00:35:31.960> play<00:35:32.119> a<00:35:32.280> role<00:35:32.800> what<00:35:32.920> are<00:35:33.079> some 00:35:33.230 --> 00:35:33.240 align:start position:0% how they can play a role what are some 00:35:33.240 --> 00:35:35.349 align:start position:0% how they can play a role what are some of<00:35:33.400> the<00:35:33.560> sources<00:35:33.920> of<00:35:34.079> funding<00:35:34.520> that<00:35:34.680> we<00:35:34.880> have 00:35:35.349 --> 00:35:35.359 align:start position:0% of the sources of funding that we have 00:35:35.359 --> 00:35:38.150 align:start position:0% of the sources of funding that we have that<00:35:35.560> come<00:35:35.800> our<00:35:36.040> way<00:35:36.560> and<00:35:36.760> now<00:35:37.040> let's<00:35:37.400> look<00:35:37.640> at 00:35:38.150 --> 00:35:38.160 align:start position:0% that come our way and now let's look at 00:35:38.160 --> 00:35:40.630 align:start position:0% that come our way and now let's look at the<00:35:38.440> three<00:35:38.720> most<00:35:39.160> important<00:35:40.160> financial 00:35:40.630 --> 00:35:40.640 align:start position:0% the three most important financial 00:35:40.640 --> 00:35:42.550 align:start position:0% the three most important financial statements<00:35:41.160> that<00:35:41.359> all<00:35:41.520> of<00:35:41.680> you<00:35:41.839> must<00:35:42.119> know 00:35:42.550 --> 00:35:42.560 align:start position:0% statements that all of you must know 00:35:42.560 --> 00:35:45.589 align:start position:0% statements that all of you must know about<00:35:43.560> and<00:35:43.720> I<00:35:43.839> will<00:35:44.160> strongly<00:35:44.480> urge<00:35:44.760> you<00:35:45.240> to<00:35:45.440> go 00:35:45.589 --> 00:35:45.599 align:start position:0% about and I will strongly urge you to go 00:35:45.599 --> 00:35:48.630 align:start position:0% about and I will strongly urge you to go to<00:35:45.800> any<00:35:46.320> Hospital's<00:35:47.320> uh<00:35:47.480> website<00:35:48.240> please 00:35:48.630 --> 00:35:48.640 align:start position:0% to any Hospital's uh website please 00:35:48.640 --> 00:35:50.829 align:start position:0% to any Hospital's uh website please download<00:35:49.640> their<00:35:49.920> financial<00:35:50.400> performance 00:35:50.829 --> 00:35:50.839 align:start position:0% download their financial performance 00:35:50.839 --> 00:35:53.470 align:start position:0% download their financial performance sheet<00:35:51.240> either<00:35:51.880> the<00:35:52.000> annual<00:35:52.400> report<00:35:53.040> or<00:35:53.240> their 00:35:53.470 --> 00:35:53.480 align:start position:0% sheet either the annual report or their 00:35:53.480 --> 00:35:56.150 align:start position:0% sheet either the annual report or their financial<00:35:53.880> sheets<00:35:54.760> and<00:35:54.960> you<00:35:55.079> will<00:35:55.359> find<00:35:55.839> these 00:35:56.150 --> 00:35:56.160 align:start position:0% financial sheets and you will find these 00:35:56.160 --> 00:35:58.230 align:start position:0% financial sheets and you will find these three<00:35:56.720> that<00:35:56.880> I'm<00:35:57.079> talking<00:35:57.359> about 00:35:58.230 --> 00:35:58.240 align:start position:0% three that I'm talking about 00:35:58.240 --> 00:36:01.150 align:start position:0% three that I'm talking about in<00:35:58.720> every<00:35:59.079> Financial<00:35:59.640> it<00:35:59.839> it<00:35:59.960> is<00:36:00.160> a<00:36:00.359> compulsion 00:36:01.150 --> 00:36:01.160 align:start position:0% in every Financial it it is a compulsion 00:36:01.160 --> 00:36:02.790 align:start position:0% in every Financial it it is a compulsion to<00:36:01.359> be<00:36:02.079> uh 00:36:02.790 --> 00:36:02.800 align:start position:0% to be uh 00:36:02.800 --> 00:36:05.349 align:start position:0% to be uh publishing<00:36:03.800> these<00:36:04.119> three<00:36:04.760> very<00:36:05.000> important 00:36:05.349 --> 00:36:05.359 align:start position:0% publishing these three very important 00:36:05.359 --> 00:36:07.829 align:start position:0% publishing these three very important financial<00:36:05.920> documents<00:36:06.599> the<00:36:06.760> balance<00:36:07.079> sheet 00:36:07.829 --> 00:36:07.839 align:start position:0% financial documents the balance sheet 00:36:07.839 --> 00:36:10.309 align:start position:0% financial documents the balance sheet pnl<00:36:08.280> statement<00:36:09.200> and<00:36:09.480> the<00:36:09.800> cash<00:36:10.000> flow 00:36:10.309 --> 00:36:10.319 align:start position:0% pnl statement and the cash flow 00:36:10.319 --> 00:36:13.589 align:start position:0% pnl statement and the cash flow statement<00:36:11.319> what<00:36:11.440> are<00:36:11.680> these<00:36:12.359> now<00:36:12.800> the<00:36:13.000> balance 00:36:13.589 --> 00:36:13.599 align:start position:0% statement what are these now the balance 00:36:13.599 --> 00:36:17.230 align:start position:0% statement what are these now the balance sheet<00:36:14.440> is<00:36:14.920> as<00:36:15.119> the<00:36:15.280> word<00:36:15.920> indicates<00:36:16.920> it's<00:36:17.079> a 00:36:17.230 --> 00:36:17.240 align:start position:0% sheet is as the word indicates it's a 00:36:17.240 --> 00:36:21.349 align:start position:0% sheet is as the word indicates it's a sheet<00:36:17.680> that<00:36:18.119> indicates<00:36:19.119> how<00:36:19.480> many<00:36:20.480> uh<00:36:20.680> assets 00:36:21.349 --> 00:36:21.359 align:start position:0% sheet that indicates how many uh assets 00:36:21.359 --> 00:36:24.510 align:start position:0% sheet that indicates how many uh assets you<00:36:21.640> have<00:36:21.839> under<00:36:22.119> your<00:36:22.880> uh<00:36:23.200> charge<00:36:24.160> and<00:36:24.359> how 00:36:24.510 --> 00:36:24.520 align:start position:0% you have under your uh charge and how 00:36:24.520 --> 00:36:26.790 align:start position:0% you have under your uh charge and how many<00:36:24.839> liabilities<00:36:25.480> you<00:36:25.680> have<00:36:26.079> how<00:36:26.240> do<00:36:26.480> they 00:36:26.790 --> 00:36:26.800 align:start position:0% many liabilities you have how do they 00:36:26.800 --> 00:36:28.589 align:start position:0% many liabilities you have how do they balance<00:36:27.319> out 00:36:28.589 --> 00:36:28.599 align:start position:0% balance out 00:36:28.599 --> 00:36:30.630 align:start position:0% balance out and<00:36:29.160> a<00:36:29.400> good<00:36:29.640> balance<00:36:29.960> sheet<00:36:30.200> not<00:36:30.359> a<00:36:30.480> good 00:36:30.630 --> 00:36:30.640 align:start position:0% and a good balance sheet not a good 00:36:30.640 --> 00:36:32.829 align:start position:0% and a good balance sheet not a good balance<00:36:30.880> sheet<00:36:31.319> every<00:36:31.760> any<00:36:32.000> balance<00:36:32.280> sheet 00:36:32.829 --> 00:36:32.839 align:start position:0% balance sheet every any balance sheet 00:36:32.839 --> 00:36:35.630 align:start position:0% balance sheet every any balance sheet needs<00:36:33.119> to<00:36:33.400> match<00:36:33.720> its<00:36:34.040> assets<00:36:34.880> to<00:36:35.079> its 00:36:35.630 --> 00:36:35.640 align:start position:0% needs to match its assets to its 00:36:35.640 --> 00:36:39.470 align:start position:0% needs to match its assets to its liabilities<00:36:36.640> so<00:36:37.359> for<00:36:37.640> example<00:36:38.520> if<00:36:39.000> uh<00:36:39.200> if<00:36:39.359> I 00:36:39.470 --> 00:36:39.480 align:start position:0% liabilities so for example if uh if I 00:36:39.480 --> 00:36:42.710 align:start position:0% liabilities so for example if uh if I have<00:36:39.640> to<00:36:39.800> count<00:36:40.119> my<00:36:40.400> Assets<00:36:41.240> in<00:36:41.480> my<00:36:41.760> home<00:36:42.599> I 00:36:42.710 --> 00:36:42.720 align:start position:0% have to count my Assets in my home I 00:36:42.720 --> 00:36:45.589 align:start position:0% have to count my Assets in my home I could<00:36:43.000> look<00:36:43.200> at<00:36:43.720> the<00:36:43.839> furniture<00:36:44.359> that<00:36:44.520> I<00:36:44.680> own 00:36:45.589 --> 00:36:45.599 align:start position:0% could look at the furniture that I own 00:36:45.599 --> 00:36:49.589 align:start position:0% could look at the furniture that I own the<00:36:45.839> the<00:36:46.040> value<00:36:46.440> of<00:36:46.920> the<00:36:47.520> uh<00:36:47.839> you<00:36:47.960> know<00:36:48.240> the<00:36:48.640> the 00:36:49.589 --> 00:36:49.599 align:start position:0% the the value of the uh you know the the 00:36:49.599 --> 00:36:52.069 align:start position:0% the the value of the uh you know the the the<00:36:49.760> materials<00:36:50.240> that<00:36:50.400> I<00:36:50.520> have<00:36:50.760> inside<00:36:51.119> it<00:36:51.839> um<00:36:52.000> I 00:36:52.069 --> 00:36:52.079 align:start position:0% the materials that I have inside it um I 00:36:52.079 --> 00:36:54.109 align:start position:0% the materials that I have inside it um I could<00:36:52.280> look<00:36:52.400> at<00:36:52.640> other<00:36:52.880> things<00:36:53.160> that<00:36:53.480> are<00:36:54.000> you 00:36:54.109 --> 00:36:54.119 align:start position:0% could look at other things that are you 00:36:54.119 --> 00:36:56.190 align:start position:0% could look at other things that are you know<00:36:54.359> could<00:36:54.520> be<00:36:54.680> called<00:36:54.920> as<00:36:55.440> assets<00:36:55.839> that<00:36:56.000> I 00:36:56.190 --> 00:36:56.200 align:start position:0% know could be called as assets that I 00:36:56.200 --> 00:36:58.510 align:start position:0% know could be called as assets that I have<00:36:56.599> including<00:36:57.119> the<00:36:57.280> clo<00:36:57.599> codes<00:36:57.960> including 00:36:58.510 --> 00:36:58.520 align:start position:0% have including the clo codes including 00:36:58.520 --> 00:37:01.109 align:start position:0% have including the clo codes including other<00:36:59.160> you<00:36:59.240> know<00:36:59.760> other<00:37:00.079> things<00:37:00.359> that<00:37:00.760> form 00:37:01.109 --> 00:37:01.119 align:start position:0% other you know other things that form 00:37:01.119 --> 00:37:03.750 align:start position:0% other you know other things that form part<00:37:01.280> of<00:37:01.480> chair<00:37:02.319> all<00:37:02.480> of<00:37:02.640> it<00:37:03.040> comes<00:37:03.280> onto<00:37:03.560> the 00:37:03.750 --> 00:37:03.760 align:start position:0% part of chair all of it comes onto the 00:37:03.760 --> 00:37:06.390 align:start position:0% part of chair all of it comes onto the asset<00:37:04.160> side<00:37:04.359> of<00:37:04.480> the<00:37:05.040> register<00:37:06.040> and<00:37:06.160> then<00:37:06.280> we 00:37:06.390 --> 00:37:06.400 align:start position:0% asset side of the register and then we 00:37:06.400 --> 00:37:07.950 align:start position:0% asset side of the register and then we have<00:37:06.520> the<00:37:06.640> liability<00:37:07.160> side<00:37:07.400> I<00:37:07.480> may<00:37:07.640> have<00:37:07.760> taken 00:37:07.950 --> 00:37:07.960 align:start position:0% have the liability side I may have taken 00:37:07.960 --> 00:37:10.710 align:start position:0% have the liability side I may have taken a<00:37:08.119> home<00:37:08.359> loan<00:37:09.000> I<00:37:09.079> may<00:37:09.280> have<00:37:09.400> a<00:37:09.560> car<00:37:09.800> loan<00:37:10.440> I<00:37:10.520> may 00:37:10.710 --> 00:37:10.720 align:start position:0% a home loan I may have a car loan I may 00:37:10.720 --> 00:37:13.589 align:start position:0% a home loan I may have a car loan I may have<00:37:10.839> running<00:37:11.319> expenses<00:37:12.319> uh<00:37:12.440> to<00:37:12.640> pay<00:37:12.880> for<00:37:13.400> a 00:37:13.589 --> 00:37:13.599 align:start position:0% have running expenses uh to pay for a 00:37:13.599 --> 00:37:15.990 align:start position:0% have running expenses uh to pay for a various<00:37:13.920> household<00:37:14.440> items<00:37:15.359> uh<00:37:15.520> I<00:37:15.640> could<00:37:15.839> be 00:37:15.990 --> 00:37:16.000 align:start position:0% various household items uh I could be 00:37:16.000 --> 00:37:18.349 align:start position:0% various household items uh I could be paying<00:37:16.319> for<00:37:16.760> other<00:37:17.359> things<00:37:17.720> like<00:37:18.079> uh 00:37:18.349 --> 00:37:18.359 align:start position:0% paying for other things like uh 00:37:18.359 --> 00:37:21.470 align:start position:0% paying for other things like uh newspaper<00:37:19.359> electricity<00:37:20.319> utilities<00:37:21.280> that 00:37:21.470 --> 00:37:21.480 align:start position:0% newspaper electricity utilities that 00:37:21.480 --> 00:37:24.190 align:start position:0% newspaper electricity utilities that comes<00:37:21.720> on<00:37:21.839> the<00:37:22.000> liability<00:37:22.680> side<00:37:23.680> now<00:37:23.839> it<00:37:24.000> could 00:37:24.190 --> 00:37:24.200 align:start position:0% comes on the liability side now it could 00:37:24.200 --> 00:37:26.870 align:start position:0% comes on the liability side now it could just<00:37:24.400> well<00:37:24.680> be<00:37:25.680> that<00:37:25.839> your<00:37:26.160> assets<00:37:26.560> and<00:37:26.720> your 00:37:26.870 --> 00:37:26.880 align:start position:0% just well be that your assets and your 00:37:26.880 --> 00:37:29.069 align:start position:0% just well be that your assets and your liabilities<00:37:27.359> here<00:37:27.640> don't<00:37:27.880> match<00:37:28.640> your 00:37:29.069 --> 00:37:29.079 align:start position:0% liabilities here don't match your 00:37:29.079 --> 00:37:31.790 align:start position:0% liabilities here don't match your liabilities<00:37:29.920> are<00:37:30.240> much<00:37:30.440> more<00:37:31.359> because<00:37:31.599> you're 00:37:31.790 --> 00:37:31.800 align:start position:0% liabilities are much more because you're 00:37:31.800 --> 00:37:34.109 align:start position:0% liabilities are much more because you're spending<00:37:32.200> so<00:37:32.359> much<00:37:32.560> money<00:37:33.079> your<00:37:33.440> asset<00:37:33.760> may<00:37:33.920> be 00:37:34.109 --> 00:37:34.119 align:start position:0% spending so much money your asset may be 00:37:34.119 --> 00:37:36.710 align:start position:0% spending so much money your asset may be very<00:37:34.280> small<00:37:34.839> so<00:37:35.000> how<00:37:35.119> do<00:37:35.280> I<00:37:35.560> balance<00:37:36.079> that<00:37:36.560> well 00:37:36.710 --> 00:37:36.720 align:start position:0% very small so how do I balance that well 00:37:36.720 --> 00:37:39.270 align:start position:0% very small so how do I balance that well then<00:37:36.839> I<00:37:37.000> balance<00:37:37.440> by<00:37:37.560> showing<00:37:38.280> that<00:37:38.599> if 00:37:39.270 --> 00:37:39.280 align:start position:0% then I balance by showing that if 00:37:39.280 --> 00:37:41.550 align:start position:0% then I balance by showing that if something<00:37:39.640> were<00:37:39.800> to<00:37:40.000> go<00:37:40.240> wrong<00:37:40.960> these<00:37:41.119> are<00:37:41.319> the 00:37:41.550 --> 00:37:41.560 align:start position:0% something were to go wrong these are the 00:37:41.560 --> 00:37:43.470 align:start position:0% something were to go wrong these are the assets<00:37:41.960> that<00:37:42.079> are<00:37:42.280> available<00:37:42.720> with<00:37:42.920> me<00:37:43.079> in<00:37:43.240> the 00:37:43.470 --> 00:37:43.480 align:start position:0% assets that are available with me in the 00:37:43.480 --> 00:37:46.349 align:start position:0% assets that are available with me in the bank<00:37:44.400> so<00:37:44.720> this<00:37:44.839> is<00:37:45.079> how<00:37:45.520> the<00:37:45.680> balance<00:37:46.040> sheet 00:37:46.349 --> 00:37:46.359 align:start position:0% bank so this is how the balance sheet 00:37:46.359 --> 00:37:48.670 align:start position:0% bank so this is how the balance sheet gets<00:37:46.640> balanced<00:37:47.079> out<00:37:47.680> that<00:37:47.920> way<00:37:48.240> when<00:37:48.400> I<00:37:48.560> look 00:37:48.670 --> 00:37:48.680 align:start position:0% gets balanced out that way when I look 00:37:48.680 --> 00:37:51.150 align:start position:0% gets balanced out that way when I look at<00:37:48.800> a<00:37:49.000> balance<00:37:49.319> sheet<00:37:49.640> of<00:37:49.800> an<00:37:50.040> organization<00:37:51.040> I 00:37:51.150 --> 00:37:51.160 align:start position:0% at a balance sheet of an organization I 00:37:51.160 --> 00:37:53.750 align:start position:0% at a balance sheet of an organization I can<00:37:51.480> easily<00:37:51.839> see<00:37:52.560> how<00:37:52.839> this<00:37:53.160> company<00:37:53.520> will 00:37:53.750 --> 00:37:53.760 align:start position:0% can easily see how this company will 00:37:53.760 --> 00:37:56.150 align:start position:0% can easily see how this company will continue<00:37:54.119> to<00:37:54.359> operate<00:37:55.200> given<00:37:55.520> that<00:37:55.680> it<00:37:55.839> has<00:37:56.000> so 00:37:56.150 --> 00:37:56.160 align:start position:0% continue to operate given that it has so 00:37:56.160 --> 00:37:59.430 align:start position:0% continue to operate given that it has so many<00:37:56.400> liabilities<00:37:57.560> but<00:37:57.720> it<00:37:57.920> has<00:37:58.119> a<00:37:58.280> few<00:37:58.599> assets 00:37:59.430 --> 00:37:59.440 align:start position:0% many liabilities but it has a few assets 00:37:59.440 --> 00:38:01.829 align:start position:0% many liabilities but it has a few assets and<00:37:59.720> the<00:37:59.880> rest<00:38:00.079> of<00:38:00.240> it<00:38:00.640> the<00:38:00.800> balance<00:38:01.520> it<00:38:01.640> is 00:38:01.829 --> 00:38:01.839 align:start position:0% and the rest of it the balance it is 00:38:01.839 --> 00:38:05.710 align:start position:0% and the rest of it the balance it is taken<00:38:02.160> care<00:38:02.400> of<00:38:02.880> by<00:38:03.200> these<00:38:04.079> uh<00:38:04.359> means<00:38:05.200> if<00:38:05.480> the 00:38:05.710 --> 00:38:05.720 align:start position:0% taken care of by these uh means if the 00:38:05.720 --> 00:38:07.910 align:start position:0% taken care of by these uh means if the case<00:38:06.200> may<00:38:06.480> ever<00:38:06.760> so<00:38:07.079> emerge<00:38:07.440> that<00:38:07.599> they<00:38:07.720> need 00:38:07.910 --> 00:38:07.920 align:start position:0% case may ever so emerge that they need 00:38:07.920 --> 00:38:10.990 align:start position:0% case may ever so emerge that they need to<00:38:08.359> balance<00:38:08.800> the<00:38:08.960> sheet<00:38:09.960> and<00:38:10.319> then<00:38:10.480> we<00:38:10.640> look<00:38:10.800> at 00:38:10.990 --> 00:38:11.000 align:start position:0% to balance the sheet and then we look at 00:38:11.000 --> 00:38:13.150 align:start position:0% to balance the sheet and then we look at what<00:38:11.119> is<00:38:11.240> called<00:38:11.480> net<00:38:11.800> Equity<00:38:12.480> so<00:38:12.680> when<00:38:12.839> you 00:38:13.150 --> 00:38:13.160 align:start position:0% what is called net Equity so when you 00:38:13.160 --> 00:38:16.990 align:start position:0% what is called net Equity so when you subtract<00:38:14.160> the<00:38:14.400> liabilities<00:38:15.400> from<00:38:15.680> the<00:38:16.000> assets 00:38:16.990 --> 00:38:17.000 align:start position:0% subtract the liabilities from the assets 00:38:17.000 --> 00:38:19.270 align:start position:0% subtract the liabilities from the assets hopefully<00:38:17.359> it's<00:38:17.520> a<00:38:17.720> positive<00:38:18.680> whatever<00:38:19.079> is 00:38:19.270 --> 00:38:19.280 align:start position:0% hopefully it's a positive whatever is 00:38:19.280 --> 00:38:22.150 align:start position:0% hopefully it's a positive whatever is left<00:38:19.640> is<00:38:19.800> your<00:38:20.079> net<00:38:20.440> Equity<00:38:21.160> it<00:38:21.280> is<00:38:21.640> how<00:38:21.839> much 00:38:22.150 --> 00:38:22.160 align:start position:0% left is your net Equity it is how much 00:38:22.160 --> 00:38:24.550 align:start position:0% left is your net Equity it is how much Equity<00:38:23.119> that<00:38:23.280> is<00:38:23.560> there<00:38:24.079> after<00:38:24.400> the 00:38:24.550 --> 00:38:24.560 align:start position:0% Equity that is there after the 00:38:24.560 --> 00:38:26.750 align:start position:0% Equity that is there after the liabilities<00:38:25.160> are<00:38:25.599> taken<00:38:25.960> away<00:38:26.359> so<00:38:26.520> it's<00:38:26.599> a 00:38:26.750 --> 00:38:26.760 align:start position:0% liabilities are taken away so it's a 00:38:26.760 --> 00:38:29.430 align:start position:0% liabilities are taken away so it's a very<00:38:27.000> good<00:38:27.200> way<00:38:27.319> of<00:38:27.680> getting<00:38:28.200> a<00:38:28.440> overview<00:38:29.200> of 00:38:29.430 --> 00:38:29.440 align:start position:0% very good way of getting a overview of 00:38:29.440 --> 00:38:32.030 align:start position:0% very good way of getting a overview of how<00:38:29.720> a<00:38:30.119> organization<00:38:30.760> is<00:38:31.040> performing<00:38:31.560> so<00:38:31.920> that 00:38:32.030 --> 00:38:32.040 align:start position:0% how a organization is performing so that 00:38:32.040 --> 00:38:34.829 align:start position:0% how a organization is performing so that was<00:38:32.160> the<00:38:32.319> first<00:38:33.000> part<00:38:34.000> profit<00:38:34.359> and<00:38:34.560> loss 00:38:34.829 --> 00:38:34.839 align:start position:0% was the first part profit and loss 00:38:34.839 --> 00:38:38.150 align:start position:0% was the first part profit and loss statement<00:38:35.640> again<00:38:36.200> this<00:38:36.640> uh<00:38:36.800> is<00:38:36.920> a<00:38:37.119> very<00:38:37.359> simple 00:38:38.150 --> 00:38:38.160 align:start position:0% statement again this uh is a very simple 00:38:38.160 --> 00:38:40.270 align:start position:0% statement again this uh is a very simple type<00:38:38.359> of<00:38:38.560> statement<00:38:39.000> the<00:38:39.160> balance<00:38:39.520> sheet<00:38:39.839> May 00:38:40.270 --> 00:38:40.280 align:start position:0% type of statement the balance sheet May 00:38:40.280 --> 00:38:42.510 align:start position:0% type of statement the balance sheet May sometimes<00:38:40.520> look<00:38:40.760> confusing<00:38:41.480> but<00:38:41.760> this<00:38:42.240> if<00:38:42.359> you 00:38:42.510 --> 00:38:42.520 align:start position:0% sometimes look confusing but this if you 00:38:42.520 --> 00:38:45.349 align:start position:0% sometimes look confusing but this if you look<00:38:42.680> at<00:38:42.839> the<00:38:42.960> broad<00:38:43.319> heads<00:38:44.040> you<00:38:44.160> would<00:38:44.440> be<00:38:45.000> uh 00:38:45.349 --> 00:38:45.359 align:start position:0% look at the broad heads you would be uh 00:38:45.359 --> 00:38:46.470 align:start position:0% look at the broad heads you would be uh you<00:38:45.480> know<00:38:45.680> you<00:38:45.880> you<00:38:46.000> would<00:38:46.160> be<00:38:46.319> very 00:38:46.470 --> 00:38:46.480 align:start position:0% you know you you would be very 00:38:46.480 --> 00:38:48.829 align:start position:0% you know you you would be very comfortable<00:38:46.920> in<00:38:47.359> understanding<00:38:48.040> what<00:38:48.520> is 00:38:48.829 --> 00:38:48.839 align:start position:0% comfortable in understanding what is 00:38:48.839 --> 00:38:51.309 align:start position:0% comfortable in understanding what is being<00:38:49.119> told<00:38:49.560> here<00:38:50.280> so<00:38:50.440> on<00:38:50.560> the<00:38:50.680> one<00:38:50.920> side<00:38:51.160> it 00:38:51.309 --> 00:38:51.319 align:start position:0% being told here so on the one side it 00:38:51.319 --> 00:38:53.990 align:start position:0% being told here so on the one side it talks<00:38:51.640> about<00:38:51.880> the<00:38:52.280> revenues<00:38:53.280> it<00:38:53.440> shows<00:38:53.839> how 00:38:53.990 --> 00:38:54.000 align:start position:0% talks about the revenues it shows how 00:38:54.000 --> 00:38:55.829 align:start position:0% talks about the revenues it shows how much<00:38:54.200> revenue<00:38:54.520> you're<00:38:54.680> generating<00:38:55.119> from<00:38:55.319> your 00:38:55.829 --> 00:38:55.839 align:start position:0% much revenue you're generating from your 00:38:55.839 --> 00:38:57.790 align:start position:0% much revenue you're generating from your uh<00:38:56.000> operations<00:38:56.920> so<00:38:57.119> it<00:38:57.280> could<00:38:57.440> could<00:38:57.599> be<00:38:57.680> in 00:38:57.790 --> 00:38:57.800 align:start position:0% uh operations so it could could be in 00:38:57.800 --> 00:39:00.069 align:start position:0% uh operations so it could could be in our<00:38:58.079> case<00:38:58.599> the<00:38:58.760> OPD<00:38:59.200> consultation<00:38:59.960> the 00:39:00.069 --> 00:39:00.079 align:start position:0% our case the OPD consultation the 00:39:00.079 --> 00:39:02.550 align:start position:0% our case the OPD consultation the inpatient<00:39:00.720> care<00:39:01.040> the<00:39:01.200> Diagnostics<00:39:02.200> how<00:39:02.400> much 00:39:02.550 --> 00:39:02.560 align:start position:0% inpatient care the Diagnostics how much 00:39:02.560 --> 00:39:04.589 align:start position:0% inpatient care the Diagnostics how much you<00:39:02.720> have<00:39:02.920> charged<00:39:03.599> that<00:39:03.800> becomes<00:39:04.160> your 00:39:04.589 --> 00:39:04.599 align:start position:0% you have charged that becomes your 00:39:04.599 --> 00:39:06.750 align:start position:0% you have charged that becomes your revenue<00:39:05.480> and<00:39:05.640> mind<00:39:05.880> you<00:39:06.079> this<00:39:06.240> has<00:39:06.359> to<00:39:06.480> be<00:39:06.599> for 00:39:06.750 --> 00:39:06.760 align:start position:0% revenue and mind you this has to be for 00:39:06.760 --> 00:39:09.910 align:start position:0% revenue and mind you this has to be for a<00:39:06.960> specific<00:39:07.760> or<00:39:08.000> specified<00:39:08.599> time<00:39:09.359> monthly 00:39:09.910 --> 00:39:09.920 align:start position:0% a specific or specified time monthly 00:39:09.920 --> 00:39:12.510 align:start position:0% a specific or specified time monthly quarterly<00:39:10.560> yearly<00:39:11.319> so<00:39:11.480> you<00:39:11.599> have<00:39:11.760> to<00:39:12.040> specify 00:39:12.510 --> 00:39:12.520 align:start position:0% quarterly yearly so you have to specify 00:39:12.520 --> 00:39:15.589 align:start position:0% quarterly yearly so you have to specify that<00:39:12.680> time<00:39:13.400> and<00:39:13.599> then<00:39:13.839> comes<00:39:14.119> the<00:39:14.520> expenses<00:39:15.520> uh 00:39:15.589 --> 00:39:15.599 align:start position:0% that time and then comes the expenses uh 00:39:15.599 --> 00:39:18.750 align:start position:0% that time and then comes the expenses uh you<00:39:15.720> know<00:39:15.960> staff<00:39:16.400> cost<00:39:17.359> uh<00:39:17.520> various<00:39:18.440> it<00:39:18.599> could 00:39:18.750 --> 00:39:18.760 align:start position:0% you know staff cost uh various it could 00:39:18.760 --> 00:39:22.030 align:start position:0% you know staff cost uh various it could be<00:39:19.200> payments<00:39:19.880> uh<00:39:20.200> interest<00:39:20.560> payments<00:39:20.920> to<00:39:21.079> bank 00:39:22.030 --> 00:39:22.040 align:start position:0% be payments uh interest payments to bank 00:39:22.040 --> 00:39:23.750 align:start position:0% be payments uh interest payments to bank uh<00:39:22.160> it<00:39:22.280> could<00:39:22.440> be<00:39:22.640> various<00:39:23.000> other<00:39:23.280> expenses 00:39:23.750 --> 00:39:23.760 align:start position:0% uh it could be various other expenses 00:39:23.760 --> 00:39:26.670 align:start position:0% uh it could be various other expenses that<00:39:23.920> we<00:39:24.160> have<00:39:24.680> on<00:39:25.040> equipment<00:39:25.920> it<00:39:26.040> could<00:39:26.240> be 00:39:26.670 --> 00:39:26.680 align:start position:0% that we have on equipment it could be 00:39:26.680 --> 00:39:29.190 align:start position:0% that we have on equipment it could be expenses<00:39:27.119> that<00:39:27.400> we<00:39:27.560> have<00:39:27.760> on<00:39:28.280> operating<00:39:28.839> costs 00:39:29.190 --> 00:39:29.200 align:start position:0% expenses that we have on operating costs 00:39:29.200 --> 00:39:32.069 align:start position:0% expenses that we have on operating costs on<00:39:29.400> utility<00:39:29.839> cost<00:39:30.119> so<00:39:30.240> on<00:39:30.480> so<00:39:31.480> now<00:39:31.680> when<00:39:31.880> you 00:39:32.069 --> 00:39:32.079 align:start position:0% on utility cost so on so now when you 00:39:32.079 --> 00:39:34.270 align:start position:0% on utility cost so on so now when you minus<00:39:32.560> the<00:39:32.680> two<00:39:33.400> you<00:39:33.560> come<00:39:33.720> to<00:39:33.920> either<00:39:34.119> a 00:39:34.270 --> 00:39:34.280 align:start position:0% minus the two you come to either a 00:39:34.280 --> 00:39:36.270 align:start position:0% minus the two you come to either a profit<00:39:34.560> or<00:39:34.680> a<00:39:34.839> loss<00:39:35.480> and<00:39:35.680> that<00:39:35.800> is<00:39:35.960> what<00:39:36.079> a 00:39:36.270 --> 00:39:36.280 align:start position:0% profit or a loss and that is what a 00:39:36.280 --> 00:39:38.349 align:start position:0% profit or a loss and that is what a profit<00:39:36.560> or<00:39:36.760> loss<00:39:37.040> account<00:39:37.359> statement<00:39:37.800> is<00:39:38.160> a 00:39:38.349 --> 00:39:38.359 align:start position:0% profit or loss account statement is a 00:39:38.359 --> 00:39:41.270 align:start position:0% profit or loss account statement is a pnl<00:39:39.160> so<00:39:39.319> when<00:39:39.440> you<00:39:39.599> look<00:39:39.720> at<00:39:39.839> a<00:39:40.000> pnl<00:39:40.800> usually 00:39:41.270 --> 00:39:41.280 align:start position:0% pnl so when you look at a pnl usually 00:39:41.280 --> 00:39:43.270 align:start position:0% pnl so when you look at a pnl usually you'll<00:39:41.560> find<00:39:42.079> that<00:39:42.280> if<00:39:42.440> it<00:39:42.560> is<00:39:42.839> about<00:39:43.079> a 00:39:43.270 --> 00:39:43.280 align:start position:0% you'll find that if it is about a 00:39:43.280 --> 00:39:44.950 align:start position:0% you'll find that if it is about a quarter<00:39:44.000> then<00:39:44.160> they<00:39:44.280> will<00:39:44.480> also<00:39:44.680> do<00:39:44.800> a 00:39:44.950 --> 00:39:44.960 align:start position:0% quarter then they will also do a 00:39:44.960 --> 00:39:47.190 align:start position:0% quarter then they will also do a comparison<00:39:45.560> of<00:39:45.760> the<00:39:45.920> previous<00:39:46.359> quarter<00:39:47.000> so 00:39:47.190 --> 00:39:47.200 align:start position:0% comparison of the previous quarter so 00:39:47.200 --> 00:39:49.470 align:start position:0% comparison of the previous quarter so let's<00:39:47.400> say<00:39:47.560> January<00:39:48.000> February<00:39:48.440> March<00:39:48.760> of 00:39:49.470 --> 00:39:49.480 align:start position:0% let's say January February March of 00:39:49.480 --> 00:39:52.309 align:start position:0% let's say January February March of 2025<00:39:50.480> uh<00:39:50.960> would<00:39:51.359> would<00:39:51.520> be<00:39:51.680> compared<00:39:52.119> with 00:39:52.309 --> 00:39:52.319 align:start position:0% 2025 uh would would be compared with 00:39:52.319 --> 00:39:55.349 align:start position:0% 2025 uh would would be compared with January<00:39:52.680> February<00:39:53.079> March<00:39:53.440> of<00:39:53.839> 2024<00:39:54.839> so<00:39:55.240> that 00:39:55.349 --> 00:39:55.359 align:start position:0% January February March of 2024 so that 00:39:55.359 --> 00:39:57.670 align:start position:0% January February March of 2024 so that is<00:39:55.520> how<00:39:55.760> profit<00:39:56.000> and<00:39:56.200> loss<00:39:56.480> account<00:39:56.760> is<00:39:56.920> made 00:39:57.670 --> 00:39:57.680 align:start position:0% is how profit and loss account is made 00:39:57.680 --> 00:40:00.069 align:start position:0% is how profit and loss account is made and<00:39:57.960> there<00:39:58.079> are<00:39:58.400> various<00:39:58.800> headings<00:39:59.160> under<00:39:59.440> it 00:40:00.069 --> 00:40:00.079 align:start position:0% and there are various headings under it 00:40:00.079 --> 00:40:03.870 align:start position:0% and there are various headings under it uh<00:40:00.240> which<00:40:00.760> give<00:40:01.200> clear<00:40:01.680> reasoning<00:40:02.680> as<00:40:02.839> to<00:40:03.640> how 00:40:03.870 --> 00:40:03.880 align:start position:0% uh which give clear reasoning as to how 00:40:03.880 --> 00:40:05.470 align:start position:0% uh which give clear reasoning as to how this<00:40:04.000> is<00:40:04.119> a<00:40:04.280> revenue<00:40:04.680> or<00:40:04.839> how<00:40:05.040> this<00:40:05.160> is<00:40:05.240> an 00:40:05.470 --> 00:40:05.480 align:start position:0% this is a revenue or how this is an 00:40:05.480 --> 00:40:08.670 align:start position:0% this is a revenue or how this is an expense<00:40:06.240> if<00:40:06.319> you<00:40:06.480> look<00:40:06.640> at<00:40:06.800> it<00:40:07.440> uh<00:40:07.560> on<00:40:07.800> any<00:40:08.480> uh 00:40:08.670 --> 00:40:08.680 align:start position:0% expense if you look at it uh on any uh 00:40:08.680 --> 00:40:11.470 align:start position:0% expense if you look at it uh on any uh hospital<00:40:09.240> or<00:40:09.480> any<00:40:10.280> organization's<00:40:11.280> uh 00:40:11.470 --> 00:40:11.480 align:start position:0% hospital or any organization's uh 00:40:11.480 --> 00:40:13.950 align:start position:0% hospital or any organization's uh website<00:40:12.119> you'll<00:40:12.359> be<00:40:12.839> very<00:40:13.040> clearly<00:40:13.400> able<00:40:13.599> to 00:40:13.950 --> 00:40:13.960 align:start position:0% website you'll be very clearly able to 00:40:13.960 --> 00:40:15.829 align:start position:0% website you'll be very clearly able to understand<00:40:14.480> what<00:40:14.640> is<00:40:15.000> what<00:40:15.119> is<00:40:15.240> being<00:40:15.440> told 00:40:15.829 --> 00:40:15.839 align:start position:0% understand what is what is being told 00:40:15.839 --> 00:40:18.390 align:start position:0% understand what is what is being told here<00:40:16.200> and<00:40:16.400> then<00:40:16.720> what<00:40:16.960> are<00:40:17.280> the<00:40:17.880> profit<00:40:18.280> what 00:40:18.390 --> 00:40:18.400 align:start position:0% here and then what are the profit what 00:40:18.400 --> 00:40:20.230 align:start position:0% here and then what are the profit what is<00:40:18.480> the<00:40:18.599> current<00:40:18.960> situation<00:40:19.760> that<00:40:20.040> this 00:40:20.230 --> 00:40:20.240 align:start position:0% is the current situation that this 00:40:20.240 --> 00:40:22.829 align:start position:0% is the current situation that this quarter<00:40:20.880> we<00:40:21.040> have<00:40:21.200> made<00:40:21.440> a<00:40:21.640> loss<00:40:22.240> this<00:40:22.440> quarter 00:40:22.829 --> 00:40:22.839 align:start position:0% quarter we have made a loss this quarter 00:40:22.839 --> 00:40:24.950 align:start position:0% quarter we have made a loss this quarter we<00:40:22.960> have<00:40:23.079> made<00:40:23.280> a<00:40:23.440> profit<00:40:24.040> and<00:40:24.240> that<00:40:24.440> helps<00:40:24.760> the 00:40:24.950 --> 00:40:24.960 align:start position:0% we have made a profit and that helps the 00:40:24.960 --> 00:40:27.030 align:start position:0% we have made a profit and that helps the administrator<00:40:25.960> to<00:40:26.200> look<00:40:26.400> at<00:40:26.680> how<00:40:26.839> they 00:40:27.030 --> 00:40:27.040 align:start position:0% administrator to look at how they 00:40:27.040 --> 00:40:29.030 align:start position:0% administrator to look at how they performing<00:40:27.319> performing<00:40:27.880> and<00:40:28.040> see<00:40:28.680> where<00:40:28.920> they 00:40:29.030 --> 00:40:29.040 align:start position:0% performing performing and see where they 00:40:29.040 --> 00:40:31.510 align:start position:0% performing performing and see where they need<00:40:29.240> to<00:40:29.480> either<00:40:29.720> trim<00:40:30.079> their<00:40:30.599> expenses<00:40:31.319> and 00:40:31.510 --> 00:40:31.520 align:start position:0% need to either trim their expenses and 00:40:31.520 --> 00:40:34.230 align:start position:0% need to either trim their expenses and cut<00:40:31.800> the<00:40:31.960> losses<00:40:32.760> or<00:40:32.960> to<00:40:33.200> increase<00:40:34.079> uh 00:40:34.230 --> 00:40:34.240 align:start position:0% cut the losses or to increase uh 00:40:34.240 --> 00:40:36.750 align:start position:0% cut the losses or to increase uh revenues<00:40:35.040> uh<00:40:35.280> by<00:40:35.640> you<00:40:35.760> know<00:40:36.280> increased 00:40:36.750 --> 00:40:36.760 align:start position:0% revenues uh by you know increased 00:40:36.760 --> 00:40:38.790 align:start position:0% revenues uh by you know increased profitability<00:40:37.359> by<00:40:37.520> boosting<00:40:37.880> Revenue<00:40:38.400> so 00:40:38.790 --> 00:40:38.800 align:start position:0% profitability by boosting Revenue so 00:40:38.800 --> 00:40:41.550 align:start position:0% profitability by boosting Revenue so that's<00:40:39.000> the<00:40:39.200> PN<00:40:39.839> statement<00:40:40.839> the<00:40:41.040> third<00:40:41.319> as<00:40:41.440> I 00:40:41.550 --> 00:40:41.560 align:start position:0% that's the PN statement the third as I 00:40:41.560 --> 00:40:43.710 align:start position:0% that's the PN statement the third as I spoke<00:40:41.839> about<00:40:42.040> briefly<00:40:42.440> earlier<00:40:43.000> is<00:40:43.160> the<00:40:43.440> cash 00:40:43.710 --> 00:40:43.720 align:start position:0% spoke about briefly earlier is the cash 00:40:43.720 --> 00:40:46.150 align:start position:0% spoke about briefly earlier is the cash flow<00:40:44.000> statements<00:40:44.520> now<00:40:44.720> this<00:40:44.920> looks<00:40:45.200> at<00:40:45.839> where 00:40:46.150 --> 00:40:46.160 align:start position:0% flow statements now this looks at where 00:40:46.160 --> 00:40:48.990 align:start position:0% flow statements now this looks at where money<00:40:46.560> is<00:40:46.720> flowing<00:40:47.200> in<00:40:47.480> from<00:40:48.200> and<00:40:48.440> where<00:40:48.640> money 00:40:48.990 --> 00:40:49.000 align:start position:0% money is flowing in from and where money 00:40:49.000 --> 00:40:50.710 align:start position:0% money is flowing in from and where money is<00:40:49.119> Flowing<00:40:49.560> out<00:40:49.800> from<00:40:50.040> this<00:40:50.119> is<00:40:50.280> slightly 00:40:50.710 --> 00:40:50.720 align:start position:0% is Flowing out from this is slightly 00:40:50.720 --> 00:40:54.750 align:start position:0% is Flowing out from this is slightly different<00:40:51.480> from<00:40:52.040> the<00:40:53.040> pnl<00:40:53.880> the<00:40:54.040> pnl<00:40:54.520> has 00:40:54.750 --> 00:40:54.760 align:start position:0% different from the pnl the pnl has 00:40:54.760 --> 00:40:57.550 align:start position:0% different from the pnl the pnl has various<00:40:55.200> headings<00:40:56.040> which<00:40:56.240> show<00:40:56.960> that<00:40:57.319> you 00:40:57.550 --> 00:40:57.560 align:start position:0% various headings which show that you 00:40:57.560 --> 00:40:59.750 align:start position:0% various headings which show that you spend<00:40:57.880> X<00:40:58.119> for<00:40:58.319> staff<00:40:58.680> you<00:40:58.880> spend<00:40:59.200> y<00:40:59.400> for<00:40:59.599> this 00:40:59.750 --> 00:40:59.760 align:start position:0% spend X for staff you spend y for this 00:40:59.760 --> 00:41:02.510 align:start position:0% spend X for staff you spend y for this and<00:40:59.960> this<00:41:00.079> and<00:41:00.319> that<00:41:00.839> in<00:41:00.960> the<00:41:01.240> cash<00:41:01.560> flow<00:41:02.240> it 00:41:02.510 --> 00:41:02.520 align:start position:0% and this and that in the cash flow it 00:41:02.520 --> 00:41:05.710 align:start position:0% and this and that in the cash flow it represents<00:41:03.240> various<00:41:03.720> Revenue<00:41:04.440> sources<00:41:05.440> and 00:41:05.710 --> 00:41:05.720 align:start position:0% represents various Revenue sources and 00:41:05.720 --> 00:41:07.550 align:start position:0% represents various Revenue sources and what<00:41:05.839> are<00:41:06.000> the<00:41:06.200> operational<00:41:06.800> costs<00:41:07.319> that<00:41:07.440> you 00:41:07.550 --> 00:41:07.560 align:start position:0% what are the operational costs that you 00:41:07.560 --> 00:41:10.270 align:start position:0% what are the operational costs that you need<00:41:07.760> to<00:41:08.240> then<00:41:08.480> cover<00:41:09.119> so<00:41:09.400> it<00:41:09.640> gives<00:41:09.839> you<00:41:10.040> an 00:41:10.270 --> 00:41:10.280 align:start position:0% need to then cover so it gives you an 00:41:10.280 --> 00:41:14.069 align:start position:0% need to then cover so it gives you an overall<00:41:11.240> view<00:41:12.000> of<00:41:12.319> how<00:41:12.599> your<00:41:12.920> hospital<00:41:13.520> is 00:41:14.069 --> 00:41:14.079 align:start position:0% overall view of how your hospital is 00:41:14.079 --> 00:41:16.950 align:start position:0% overall view of how your hospital is operating<00:41:14.839> and<00:41:15.119> financially<00:41:15.920> functioning<00:41:16.520> so 00:41:16.950 --> 00:41:16.960 align:start position:0% operating and financially functioning so 00:41:16.960 --> 00:41:20.510 align:start position:0% operating and financially functioning so I<00:41:17.079> can<00:41:17.359> say<00:41:18.319> I'm<00:41:18.520> generating<00:41:19.480> x<00:41:19.880> amount<00:41:20.160> of<00:41:20.319> my 00:41:20.510 --> 00:41:20.520 align:start position:0% I can say I'm generating x amount of my 00:41:20.520 --> 00:41:23.030 align:start position:0% I can say I'm generating x amount of my revenue<00:41:20.920> from<00:41:21.280> insurance<00:41:22.160> y<00:41:22.480> from<00:41:22.760> cash 00:41:23.030 --> 00:41:23.040 align:start position:0% revenue from insurance y from cash 00:41:23.040 --> 00:41:25.030 align:start position:0% revenue from insurance y from cash patients<00:41:23.839> and<00:41:24.000> Zed<00:41:24.319> from<00:41:24.560> government 00:41:25.030 --> 00:41:25.040 align:start position:0% patients and Zed from government 00:41:25.040 --> 00:41:27.829 align:start position:0% patients and Zed from government accounts<00:41:25.920> and<00:41:26.079> I<00:41:26.160> can<00:41:26.359> say<00:41:26.960> on<00:41:27.359> this<00:41:27.520> side<00:41:27.680> of 00:41:27.829 --> 00:41:27.839 align:start position:0% accounts and I can say on this side of 00:41:27.839 --> 00:41:31.309 align:start position:0% accounts and I can say on this side of the<00:41:28.040> expense<00:41:28.960> I<00:41:29.079> am<00:41:29.680> uh<00:41:29.960> for<00:41:30.280> my<00:41:30.599> interests<00:41:31.240> I 00:41:31.309 --> 00:41:31.319 align:start position:0% the expense I am uh for my interests I 00:41:31.319 --> 00:41:35.710 align:start position:0% the expense I am uh for my interests I am<00:41:31.800> keeping<00:41:32.200> this<00:41:32.400> much<00:41:33.040> from<00:41:33.599> for<00:41:33.920> my<00:41:34.920> um 00:41:35.710 --> 00:41:35.720 align:start position:0% am keeping this much from for my um 00:41:35.720 --> 00:41:38.150 align:start position:0% am keeping this much from for my um staff<00:41:36.240> I'm<00:41:36.480> you<00:41:36.599> know<00:41:36.839> spending<00:41:37.280> this<00:41:37.480> much<00:41:37.960> so 00:41:38.150 --> 00:41:38.160 align:start position:0% staff I'm you know spending this much so 00:41:38.160 --> 00:41:40.630 align:start position:0% staff I'm you know spending this much so then<00:41:38.319> I'll<00:41:38.680> able<00:41:38.920> to<00:41:39.079> know<00:41:39.680> that<00:41:39.920> in<00:41:40.040> a<00:41:40.200> month<00:41:40.480> I 00:41:40.630 --> 00:41:40.640 align:start position:0% then I'll able to know that in a month I 00:41:40.640 --> 00:41:42.829 align:start position:0% then I'll able to know that in a month I earn<00:41:40.960> this<00:41:41.160> much<00:41:41.680> and<00:41:41.800> in<00:41:41.920> a<00:41:42.079> month<00:41:42.440> I<00:41:42.520> will<00:41:42.680> be 00:41:42.829 --> 00:41:42.839 align:start position:0% earn this much and in a month I will be 00:41:42.839 --> 00:41:45.910 align:start position:0% earn this much and in a month I will be outflowing<00:41:43.599> this<00:41:43.800> month<00:41:44.160> so<00:41:44.720> this<00:41:44.960> helps<00:41:45.400> in 00:41:45.910 --> 00:41:45.920 align:start position:0% outflowing this month so this helps in 00:41:45.920 --> 00:41:48.630 align:start position:0% outflowing this month so this helps in maintaining<00:41:46.560> liquidity<00:41:47.400> so<00:41:47.599> that<00:41:47.760> you<00:41:47.920> know 00:41:48.630 --> 00:41:48.640 align:start position:0% maintaining liquidity so that you know 00:41:48.640 --> 00:41:51.190 align:start position:0% maintaining liquidity so that you know that<00:41:49.040> uh<00:41:49.280> if<00:41:49.400> you're<00:41:49.599> running<00:41:49.920> out<00:41:50.119> of<00:41:50.359> cash 00:41:51.190 --> 00:41:51.200 align:start position:0% that uh if you're running out of cash 00:41:51.200 --> 00:41:52.630 align:start position:0% that uh if you're running out of cash that<00:41:51.440> somewhere<00:41:51.839> down<00:41:52.000> the<00:41:52.160> line<00:41:52.359> if<00:41:52.480> I 00:41:52.630 --> 00:41:52.640 align:start position:0% that somewhere down the line if I 00:41:52.640 --> 00:41:54.829 align:start position:0% that somewhere down the line if I continue<00:41:53.119> this<00:41:53.280> way<00:41:53.720> my<00:41:54.000> cash<00:41:54.200> flow<00:41:54.480> statement 00:41:54.829 --> 00:41:54.839 align:start position:0% continue this way my cash flow statement 00:41:54.839 --> 00:41:57.470 align:start position:0% continue this way my cash flow statement will<00:41:55.040> turn<00:41:55.599> negative<00:41:56.200> which<00:41:56.359> means<00:41:57.079> that<00:41:57.240> that 00:41:57.470 --> 00:41:57.480 align:start position:0% will turn negative which means that that 00:41:57.480 --> 00:42:00.069 align:start position:0% will turn negative which means that that the<00:41:57.680> inflow<00:41:58.440> will<00:41:58.680> not<00:41:58.880> be<00:41:59.040> able<00:41:59.240> to<00:41:59.359> match<00:41:59.680> the 00:42:00.069 --> 00:42:00.079 align:start position:0% the inflow will not be able to match the 00:42:00.079 --> 00:42:03.630 align:start position:0% the inflow will not be able to match the outflow<00:42:01.079> so<00:42:01.440> that<00:42:01.760> will<00:42:02.000> help<00:42:02.200> you<00:42:02.800> maintain 00:42:03.630 --> 00:42:03.640 align:start position:0% outflow so that will help you maintain 00:42:03.640 --> 00:42:06.910 align:start position:0% outflow so that will help you maintain viability<00:42:04.599> of<00:42:04.800> the<00:42:05.400> uh<00:42:05.760> current<00:42:06.119> viability<00:42:06.760> of 00:42:06.910 --> 00:42:06.920 align:start position:0% viability of the uh current viability of 00:42:06.920 --> 00:42:08.950 align:start position:0% viability of the uh current viability of your<00:42:07.319> business<00:42:08.079> so<00:42:08.280> these<00:42:08.440> are<00:42:08.560> the<00:42:08.720> three 00:42:08.950 --> 00:42:08.960 align:start position:0% your business so these are the three 00:42:08.960 --> 00:42:10.510 align:start position:0% your business so these are the three most<00:42:09.240> important<00:42:09.640> statements<00:42:10.079> I<00:42:10.160> will 00:42:10.510 --> 00:42:10.520 align:start position:0% most important statements I will 00:42:10.520 --> 00:42:14.430 align:start position:0% most important statements I will strongly<00:42:10.920> urge<00:42:11.720> all<00:42:11.920> of<00:42:12.079> you<00:42:12.839> uh<00:42:12.960> to<00:42:13.599> really 00:42:14.430 --> 00:42:14.440 align:start position:0% strongly urge all of you uh to really 00:42:14.440 --> 00:42:16.870 align:start position:0% strongly urge all of you uh to really apprise<00:42:14.960> yourself<00:42:15.920> with<00:42:16.359> these<00:42:16.599> three 00:42:16.870 --> 00:42:16.880 align:start position:0% apprise yourself with these three 00:42:16.880 --> 00:42:19.349 align:start position:0% apprise yourself with these three statements<00:42:17.880> very<00:42:18.119> easy<00:42:18.359> to<00:42:18.520> do<00:42:18.960> just<00:42:19.160> go 00:42:19.349 --> 00:42:19.359 align:start position:0% statements very easy to do just go 00:42:19.359 --> 00:42:21.589 align:start position:0% statements very easy to do just go online<00:42:19.800> as<00:42:19.920> I<00:42:20.079> said<00:42:20.559> and<00:42:20.720> please<00:42:20.920> look<00:42:21.119> at<00:42:21.359> any 00:42:21.589 --> 00:42:21.599 align:start position:0% online as I said and please look at any 00:42:21.599 --> 00:42:24.030 align:start position:0% online as I said and please look at any company's<00:42:22.079> profit<00:42:22.359> and<00:42:22.520> loss<00:42:22.760> statements<00:42:23.640> and 00:42:24.030 --> 00:42:24.040 align:start position:0% company's profit and loss statements and 00:42:24.040 --> 00:42:25.910 align:start position:0% company's profit and loss statements and their<00:42:24.240> balance<00:42:24.559> sheet<00:42:24.839> and<00:42:25.000> the<00:42:25.160> cash<00:42:25.359> flow 00:42:25.910 --> 00:42:25.920 align:start position:0% their balance sheet and the cash flow 00:42:25.920 --> 00:42:28.069 align:start position:0% their balance sheet and the cash flow and<00:42:26.040> you<00:42:26.160> will<00:42:26.319> be<00:42:26.480> able<00:42:26.680> to<00:42:27.440> understand<00:42:27.839> where 00:42:28.069 --> 00:42:28.079 align:start position:0% and you will be able to understand where 00:42:28.079 --> 00:42:30.589 align:start position:0% and you will be able to understand where the<00:42:28.240> company<00:42:28.520> is<00:42:28.640> spending<00:42:29.000> money<00:42:29.760> how<00:42:30.200> liquid 00:42:30.589 --> 00:42:30.599 align:start position:0% the company is spending money how liquid 00:42:30.599 --> 00:42:33.030 align:start position:0% the company is spending money how liquid is<00:42:30.760> it<00:42:31.240> what<00:42:31.359> is<00:42:31.480> the<00:42:31.640> financial<00:42:32.079> viability 00:42:33.030 --> 00:42:33.040 align:start position:0% is it what is the financial viability 00:42:33.040 --> 00:42:34.910 align:start position:0% is it what is the financial viability does<00:42:33.200> it<00:42:33.440> have<00:42:33.640> enough<00:42:34.040> strategic<00:42:34.559> reserves 00:42:34.910 --> 00:42:34.920 align:start position:0% does it have enough strategic reserves 00:42:34.920 --> 00:42:38.069 align:start position:0% does it have enough strategic reserves in<00:42:35.079> the<00:42:35.280> bank<00:42:36.040> uh<00:42:36.160> to<00:42:36.400> really<00:42:36.839> get<00:42:37.079> its<00:42:37.319> way<00:42:38.000> uh 00:42:38.069 --> 00:42:38.079 align:start position:0% in the bank uh to really get its way uh 00:42:38.079 --> 00:42:41.069 align:start position:0% in the bank uh to really get its way uh in<00:42:38.240> terms<00:42:38.520> of<00:42:39.079> running<00:42:39.440> smooth<00:42:40.079> operations 00:42:41.069 --> 00:42:41.079 align:start position:0% in terms of running smooth operations 00:42:41.079 --> 00:42:43.309 align:start position:0% in terms of running smooth operations now<00:42:41.240> if<00:42:41.319> you're<00:42:41.480> an<00:42:41.599> entrepreneur<00:42:42.200> as<00:42:42.319> I<00:42:42.480> said 00:42:43.309 --> 00:42:43.319 align:start position:0% now if you're an entrepreneur as I said 00:42:43.319 --> 00:42:45.390 align:start position:0% now if you're an entrepreneur as I said you<00:42:43.720> you<00:42:43.880> would<00:42:44.160> need<00:42:44.359> to<00:42:44.480> do<00:42:44.720> strategic 00:42:45.390 --> 00:42:45.400 align:start position:0% you you would need to do strategic 00:42:45.400 --> 00:42:48.430 align:start position:0% you you would need to do strategic planning<00:42:46.400> to<00:42:46.640> establish<00:42:47.240> clear<00:42:47.960> directions 00:42:48.430 --> 00:42:48.440 align:start position:0% planning to establish clear directions 00:42:48.440 --> 00:42:51.510 align:start position:0% planning to establish clear directions and<00:42:48.640> priorities<00:42:49.119> for<00:42:49.440> resource 00:42:51.510 --> 00:42:51.520 align:start position:0% and priorities for resource 00:42:51.520 --> 00:42:53.790 align:start position:0% and priorities for resource allocation<00:42:52.520> budgeting<00:42:53.040> will<00:42:53.240> play<00:42:53.440> a<00:42:53.559> very 00:42:53.790 --> 00:42:53.800 align:start position:0% allocation budgeting will play a very 00:42:53.800 --> 00:42:56.270 align:start position:0% allocation budgeting will play a very important<00:42:54.160> role<00:42:54.640> so<00:42:54.800> for<00:42:55.040> example<00:42:55.800> if<00:42:55.920> you<00:42:56.079> say 00:42:56.270 --> 00:42:56.280 align:start position:0% important role so for example if you say 00:42:56.280 --> 00:42:57.790 align:start position:0% important role so for example if you say that<00:42:56.440> I'm<00:42:56.599> going<00:42:56.720> to<00:42:56.800> start<00:42:57.000> a<00:42:57.280> 100<00:42:57.520> bed 00:42:57.790 --> 00:42:57.800 align:start position:0% that I'm going to start a 100 bed 00:42:57.800 --> 00:42:59.829 align:start position:0% that I'm going to start a 100 bed hospital<00:42:58.640> and<00:42:58.800> I'm<00:42:59.000> going<00:42:59.160> to<00:42:59.280> be<00:42:59.440> offering 00:42:59.829 --> 00:42:59.839 align:start position:0% hospital and I'm going to be offering 00:42:59.839 --> 00:43:03.230 align:start position:0% hospital and I'm going to be offering three<00:43:00.440> services<00:43:01.440> and<00:43:01.720> this<00:43:01.880> is<00:43:02.520> my<00:43:02.720> strategic 00:43:03.230 --> 00:43:03.240 align:start position:0% three services and this is my strategic 00:43:03.240 --> 00:43:04.950 align:start position:0% three services and this is my strategic plan<00:43:03.520> to<00:43:03.720> get<00:43:03.839> it<00:43:04.040> operational<00:43:04.520> in<00:43:04.640> the<00:43:04.760> next 00:43:04.950 --> 00:43:04.960 align:start position:0% plan to get it operational in the next 00:43:04.960 --> 00:43:07.309 align:start position:0% plan to get it operational in the next three<00:43:05.319> years<00:43:06.319> then<00:43:06.440> the<00:43:06.559> role<00:43:06.760> of<00:43:06.920> budgeting 00:43:07.309 --> 00:43:07.319 align:start position:0% three years then the role of budgeting 00:43:07.319 --> 00:43:09.270 align:start position:0% three years then the role of budgeting becomes<00:43:07.640> very<00:43:07.839> important<00:43:08.599> because<00:43:08.960> that<00:43:09.079> will 00:43:09.270 --> 00:43:09.280 align:start position:0% becomes very important because that will 00:43:09.280 --> 00:43:11.910 align:start position:0% becomes very important because that will do<00:43:09.480> some<00:43:09.800> Financial<00:43:10.359> Horizon<00:43:10.800> scaning<00:43:11.559> into 00:43:11.910 --> 00:43:11.920 align:start position:0% do some Financial Horizon scaning into 00:43:11.920 --> 00:43:13.870 align:start position:0% do some Financial Horizon scaning into how<00:43:12.040> much<00:43:12.240> loss<00:43:12.520> you<00:43:12.640> will<00:43:12.800> make<00:43:13.040> this<00:43:13.319> year 00:43:13.870 --> 00:43:13.880 align:start position:0% how much loss you will make this year 00:43:13.880 --> 00:43:15.870 align:start position:0% how much loss you will make this year how<00:43:14.040> do<00:43:14.200> you<00:43:14.359> break<00:43:14.760> even<00:43:15.160> which<00:43:15.280> means<00:43:15.640> where 00:43:15.870 --> 00:43:15.880 align:start position:0% how do you break even which means where 00:43:15.880 --> 00:43:18.190 align:start position:0% how do you break even which means where my<00:43:16.520> my<00:43:16.720> outflows<00:43:17.200> and<00:43:17.359> inflows<00:43:17.880> start 00:43:18.190 --> 00:43:18.200 align:start position:0% my my outflows and inflows start 00:43:18.200 --> 00:43:20.309 align:start position:0% my my outflows and inflows start matching<00:43:18.960> and<00:43:19.079> then<00:43:19.240> how<00:43:19.400> would<00:43:19.559> you<00:43:19.720> generate 00:43:20.309 --> 00:43:20.319 align:start position:0% matching and then how would you generate 00:43:20.319 --> 00:43:23.150 align:start position:0% matching and then how would you generate a<00:43:20.640> surplus<00:43:21.640> uh<00:43:21.760> and<00:43:22.079> what<00:43:22.200> would<00:43:22.400> be<00:43:22.520> the<00:43:22.680> road 00:43:23.150 --> 00:43:23.160 align:start position:0% a surplus uh and what would be the road 00:43:23.160 --> 00:43:25.670 align:start position:0% a surplus uh and what would be the road towards<00:43:23.559> it<00:43:24.160> it<00:43:24.280> would<00:43:24.599> also<00:43:25.000> need<00:43:25.480> an 00:43:25.670 --> 00:43:25.680 align:start position:0% towards it it would also need an 00:43:25.680 --> 00:43:27.349 align:start position:0% towards it it would also need an alignment<00:43:26.200> of<00:43:26.440> goals<00:43:26.880> because<00:43:27.119> because<00:43:27.240> you 00:43:27.349 --> 00:43:27.359 align:start position:0% alignment of goals because because you 00:43:27.359 --> 00:43:29.829 align:start position:0% alignment of goals because because you have<00:43:27.480> to<00:43:27.599> make<00:43:27.800> sure<00:43:28.240> that<00:43:28.359> you're<00:43:28.680> operating 00:43:29.829 --> 00:43:29.839 align:start position:0% have to make sure that you're operating 00:43:29.839 --> 00:43:31.790 align:start position:0% have to make sure that you're operating efficiently<00:43:30.839> you<00:43:30.920> will<00:43:31.160> also<00:43:31.359> need<00:43:31.520> to<00:43:31.640> look 00:43:31.790 --> 00:43:31.800 align:start position:0% efficiently you will also need to look 00:43:31.800 --> 00:43:33.549 align:start position:0% efficiently you will also need to look at<00:43:32.000> risk<00:43:32.240> management<00:43:32.920> you<00:43:33.040> will<00:43:33.200> have<00:43:33.319> to 00:43:33.549 --> 00:43:33.559 align:start position:0% at risk management you will have to 00:43:33.559 --> 00:43:37.030 align:start position:0% at risk management you will have to identify<00:43:34.359> various<00:43:34.800> risks<00:43:35.640> that<00:43:35.839> could<00:43:36.520> uh<00:43:36.680> be 00:43:37.030 --> 00:43:37.040 align:start position:0% identify various risks that could uh be 00:43:37.040 --> 00:43:39.990 align:start position:0% identify various risks that could uh be overall<00:43:37.640> impeding<00:43:38.200> your<00:43:38.480> financial<00:43:39.040> he<00:43:39.599> so<00:43:39.839> if 00:43:39.990 --> 00:43:40.000 align:start position:0% overall impeding your financial he so if 00:43:40.000 --> 00:43:42.430 align:start position:0% overall impeding your financial he so if there<00:43:40.119> is<00:43:40.240> a<00:43:40.440> very<00:43:40.720> big<00:43:41.559> uh<00:43:41.800> infection<00:43:42.319> that 00:43:42.430 --> 00:43:42.440 align:start position:0% there is a very big uh infection that 00:43:42.440 --> 00:43:44.349 align:start position:0% there is a very big uh infection that breaks<00:43:42.720> out<00:43:42.880> in<00:43:43.079> your<00:43:43.280> hospital<00:43:43.960> and<00:43:44.119> because 00:43:44.349 --> 00:43:44.359 align:start position:0% breaks out in your hospital and because 00:43:44.359 --> 00:43:46.950 align:start position:0% breaks out in your hospital and because of<00:43:44.520> that<00:43:44.720> patient<00:43:45.440> sue<00:43:45.800> you<00:43:46.280> that's<00:43:46.480> a<00:43:46.680> risk 00:43:46.950 --> 00:43:46.960 align:start position:0% of that patient sue you that's a risk 00:43:46.960 --> 00:43:49.190 align:start position:0% of that patient sue you that's a risk that<00:43:47.079> you<00:43:47.200> need<00:43:47.359> to<00:43:47.520> identify<00:43:48.319> to<00:43:48.680> so<00:43:48.920> risk 00:43:49.190 --> 00:43:49.200 align:start position:0% that you need to identify to so risk 00:43:49.200 --> 00:43:50.750 align:start position:0% that you need to identify to so risk management<00:43:49.640> in<00:43:49.839> finance<00:43:50.280> becomes<00:43:50.599> very 00:43:50.750 --> 00:43:50.760 align:start position:0% management in finance becomes very 00:43:50.760 --> 00:43:52.910 align:start position:0% management in finance becomes very important<00:43:51.520> what<00:43:51.680> if<00:43:51.839> my<00:43:52.079> interest<00:43:52.520> rate<00:43:52.760> the 00:43:52.910 --> 00:43:52.920 align:start position:0% important what if my interest rate the 00:43:52.920 --> 00:43:55.510 align:start position:0% important what if my interest rate the borrowing<00:43:53.359> rate<00:43:53.640> goes<00:43:53.880> up<00:43:54.559> I<00:43:54.640> will<00:43:54.920> have<00:43:55.280> cash 00:43:55.510 --> 00:43:55.520 align:start position:0% borrowing rate goes up I will have cash 00:43:55.520 --> 00:43:58.750 align:start position:0% borrowing rate goes up I will have cash flow<00:43:55.800> issues<00:43:56.640> what<00:43:56.800> if<00:43:57.319> I<00:43:57.520> lose<00:43:57.880> a<00:43:58.079> very<00:43:58.359> big 00:43:58.750 --> 00:43:58.760 align:start position:0% flow issues what if I lose a very big 00:43:58.760 --> 00:44:00.829 align:start position:0% flow issues what if I lose a very big government<00:43:59.240> account<00:43:59.680> which<00:43:59.800> was<00:44:00.000> giving<00:44:00.280> 30% 00:44:00.829 --> 00:44:00.839 align:start position:0% government account which was giving 30% 00:44:00.839 --> 00:44:02.910 align:start position:0% government account which was giving 30% of<00:44:01.000> my<00:44:01.160> business<00:44:01.480> goes<00:44:01.800> away<00:44:02.480> those<00:44:02.599> are<00:44:02.760> the 00:44:02.910 --> 00:44:02.920 align:start position:0% of my business goes away those are the 00:44:02.920 --> 00:44:05.790 align:start position:0% of my business goes away those are the types<00:44:03.160> of<00:44:03.359> risks<00:44:03.760> that<00:44:03.839> you<00:44:03.960> need<00:44:04.119> to<00:44:04.319> look<00:44:04.800> at 00:44:05.790 --> 00:44:05.800 align:start position:0% types of risks that you need to look at 00:44:05.800 --> 00:44:08.510 align:start position:0% types of risks that you need to look at and<00:44:06.040> then<00:44:06.440> how<00:44:06.599> are<00:44:06.680> you<00:44:06.839> going<00:44:07.040> to<00:44:08.040> manage 00:44:08.510 --> 00:44:08.520 align:start position:0% and then how are you going to manage 00:44:08.520 --> 00:44:10.349 align:start position:0% and then how are you going to manage those<00:44:08.760> risks<00:44:09.200> so<00:44:09.760> that's<00:44:09.920> the<00:44:10.079> other 00:44:10.349 --> 00:44:10.359 align:start position:0% those risks so that's the other 00:44:10.359 --> 00:44:12.710 align:start position:0% those risks so that's the other important<00:44:10.839> thing<00:44:11.640> and<00:44:11.800> then<00:44:12.000> third<00:44:12.280> and<00:44:12.480> most 00:44:12.710 --> 00:44:12.720 align:start position:0% important thing and then third and most 00:44:12.720 --> 00:44:15.270 align:start position:0% important thing and then third and most important<00:44:13.200> is<00:44:13.640> you<00:44:13.800> will<00:44:14.000> need<00:44:14.240> to<00:44:14.760> invest<00:44:15.079> in 00:44:15.270 --> 00:44:15.280 align:start position:0% important is you will need to invest in 00:44:15.280 --> 00:44:17.910 align:start position:0% important is you will need to invest in technology<00:44:15.720> and<00:44:15.960> Innovation<00:44:16.960> to<00:44:17.200> make<00:44:17.400> sure 00:44:17.910 --> 00:44:17.920 align:start position:0% technology and Innovation to make sure 00:44:17.920 --> 00:44:20.030 align:start position:0% technology and Innovation to make sure that<00:44:18.079> you<00:44:18.359> have<00:44:18.760> operational<00:44:19.319> efficiency<00:44:19.839> and 00:44:20.030 --> 00:44:20.040 align:start position:0% that you have operational efficiency and 00:44:20.040 --> 00:44:22.390 align:start position:0% that you have operational efficiency and patient<00:44:20.400> care<00:44:20.800> but<00:44:21.440> at<00:44:21.599> the<00:44:21.760> same<00:44:22.000> time<00:44:22.280> you 00:44:22.390 --> 00:44:22.400 align:start position:0% patient care but at the same time you 00:44:22.400 --> 00:44:25.750 align:start position:0% patient care but at the same time you will<00:44:22.599> also<00:44:22.839> need<00:44:23.040> to<00:44:23.200> say<00:44:24.160> how<00:44:24.800> can<00:44:24.960> I<00:44:25.160> invest 00:44:25.750 --> 00:44:25.760 align:start position:0% will also need to say how can I invest 00:44:25.760 --> 00:44:28.349 align:start position:0% will also need to say how can I invest because<00:44:26.119> I<00:44:26.280> only<00:44:26.599> have<00:44:27.240> certain<00:44:27.839> Headroom 00:44:28.349 --> 00:44:28.359 align:start position:0% because I only have certain Headroom 00:44:28.359 --> 00:44:31.030 align:start position:0% because I only have certain Headroom that<00:44:28.480> is<00:44:28.640> available<00:44:29.000> to<00:44:29.160> me<00:44:29.680> because<00:44:29.960> of<00:44:30.280> my<00:44:30.880> uh 00:44:31.030 --> 00:44:31.040 align:start position:0% that is available to me because of my uh 00:44:31.040 --> 00:44:33.349 align:start position:0% that is available to me because of my uh Current<00:44:31.440> financial<00:44:32.040> state<00:44:32.480> or 00:44:33.349 --> 00:44:33.359 align:start position:0% Current financial state or 00:44:33.359 --> 00:44:35.829 align:start position:0% Current financial state or performance<00:44:34.359> so<00:44:34.640> those<00:44:34.800> are<00:44:35.160> the<00:44:35.319> areas<00:44:35.720> that 00:44:35.829 --> 00:44:35.839 align:start position:0% performance so those are the areas that 00:44:35.839 --> 00:44:39.270 align:start position:0% performance so those are the areas that I<00:44:35.960> wanted<00:44:36.200> to<00:44:36.400> cover<00:44:37.119> in<00:44:37.520> this<00:44:38.280> presentation 00:44:39.270 --> 00:44:39.280 align:start position:0% I wanted to cover in this presentation 00:44:39.280 --> 00:44:42.390 align:start position:0% I wanted to cover in this presentation and<00:44:39.720> I<00:44:39.839> wanted<00:44:40.119> to<00:44:40.359> give<00:44:40.520> you<00:44:40.680> a<00:44:40.920> highlight<00:44:41.760> of 00:44:42.390 --> 00:44:42.400 align:start position:0% and I wanted to give you a highlight of 00:44:42.400 --> 00:44:45.309 align:start position:0% and I wanted to give you a highlight of various<00:44:42.800> things<00:44:43.640> uh<00:44:43.760> that<00:44:43.920> are<00:44:44.280> important<00:44:45.040> for 00:44:45.309 --> 00:44:45.319 align:start position:0% various things uh that are important for 00:44:45.319 --> 00:44:48.230 align:start position:0% various things uh that are important for a<00:44:45.520> budding<00:44:46.319> administrator<00:44:47.000> who<00:44:47.119> wants<00:44:47.359> to<00:44:47.599> get 00:44:48.230 --> 00:44:48.240 align:start position:0% a budding administrator who wants to get 00:44:48.240 --> 00:44:50.150 align:start position:0% a budding administrator who wants to get nuanced<00:44:48.760> into<00:44:49.200> what<00:44:49.359> financial<00:44:49.760> management 00:44:50.150 --> 00:44:50.160 align:start position:0% nuanced into what financial management 00:44:50.160 --> 00:44:51.870 align:start position:0% nuanced into what financial management could<00:44:50.359> look<00:44:50.520> like<00:44:51.079> I'm<00:44:51.319> just<00:44:51.440> leaving<00:44:51.720> you 00:44:51.870 --> 00:44:51.880 align:start position:0% could look like I'm just leaving you 00:44:51.880 --> 00:44:53.790 align:start position:0% could look like I'm just leaving you with<00:44:52.040> three<00:44:52.280> definitions<00:44:53.240> but<00:44:53.400> there<00:44:53.520> are 00:44:53.790 --> 00:44:53.800 align:start position:0% with three definitions but there are 00:44:53.800 --> 00:44:55.589 align:start position:0% with three definitions but there are many<00:44:54.079> many<00:44:54.319> more<00:44:54.559> definitions<00:44:55.160> if<00:44:55.280> you<00:44:55.440> want 00:44:55.589 --> 00:44:55.599 align:start position:0% many many more definitions if you want 00:44:55.599 --> 00:44:57.470 align:start position:0% many many more definitions if you want to<00:44:55.760> get<00:44:55.920> more<00:44:56.119> interested<00:44:56.520> in<00:44:57.040> but<00:44:57.160> since<00:44:57.359> you 00:44:57.470 --> 00:44:57.480 align:start position:0% to get more interested in but since you 00:44:57.480 --> 00:44:59.190 align:start position:0% to get more interested in but since you would<00:44:57.720> hear<00:44:58.079> these<00:44:58.280> terms<00:44:58.880> I<00:44:59.000> thought<00:44:59.160> it 00:44:59.190 --> 00:44:59.200 align:start position:0% would hear these terms I thought it 00:44:59.200 --> 00:45:01.950 align:start position:0% would hear these terms I thought it would<00:44:59.359> be<00:44:59.480> useful<00:44:59.800> for<00:44:59.960> you<00:45:00.040> to<00:45:00.200> look<00:45:00.400> at<00:45:01.240> a<00:45:01.400> PBT 00:45:01.950 --> 00:45:01.960 align:start position:0% would be useful for you to look at a PBT 00:45:01.960 --> 00:45:03.430 align:start position:0% would be useful for you to look at a PBT a<00:45:02.119> bat<00:45:02.359> and<00:45:02.480> an 00:45:03.430 --> 00:45:03.440 align:start position:0% a bat and an 00:45:03.440 --> 00:45:07.470 align:start position:0% a bat and an ABA<00:45:04.440> PBT<00:45:04.880> is<00:45:05.079> nothing<00:45:05.520> profit<00:45:05.880> before<00:45:06.280> tax<00:45:07.280> and 00:45:07.470 --> 00:45:07.480 align:start position:0% ABA PBT is nothing profit before tax and 00:45:07.480 --> 00:45:10.230 align:start position:0% ABA PBT is nothing profit before tax and this<00:45:07.640> means<00:45:08.000> that<00:45:08.200> when<00:45:08.359> you<00:45:08.520> do<00:45:08.960> a<00:45:09.800> profit<00:45:10.040> and 00:45:10.230 --> 00:45:10.240 align:start position:0% this means that when you do a profit and 00:45:10.240 --> 00:45:13.190 align:start position:0% this means that when you do a profit and loss<00:45:10.520> account<00:45:11.200> after<00:45:11.480> you<00:45:11.720> minus<00:45:12.680> all<00:45:13.000> the 00:45:13.190 --> 00:45:13.200 align:start position:0% loss account after you minus all the 00:45:13.200 --> 00:45:14.950 align:start position:0% loss account after you minus all the expenses<00:45:13.920> from<00:45:14.160> the<00:45:14.319> revenues<00:45:14.720> that<00:45:14.880> You' 00:45:14.950 --> 00:45:14.960 align:start position:0% expenses from the revenues that You' 00:45:14.960 --> 00:45:16.870 align:start position:0% expenses from the revenues that You' have<00:45:15.079> generated<00:45:15.839> you<00:45:16.000> are<00:45:16.200> left<00:45:16.520> with<00:45:16.720> let's 00:45:16.870 --> 00:45:16.880 align:start position:0% have generated you are left with let's 00:45:16.880 --> 00:45:20.230 align:start position:0% have generated you are left with let's say<00:45:17.040> a<00:45:17.200> profit<00:45:17.680> of<00:45:17.839> X<00:45:18.160> so<00:45:18.640> if<00:45:18.760> I<00:45:19.040> generated<00:45:19.880> 20 00:45:20.230 --> 00:45:20.240 align:start position:0% say a profit of X so if I generated 20 00:45:20.240 --> 00:45:23.309 align:start position:0% say a profit of X so if I generated 20 rupees<00:45:20.599> as<00:45:20.839> profit<00:45:21.720> that<00:45:21.960> becomes<00:45:22.520> my<00:45:22.800> profit 00:45:23.309 --> 00:45:23.319 align:start position:0% rupees as profit that becomes my profit 00:45:23.319 --> 00:45:26.990 align:start position:0% rupees as profit that becomes my profit before<00:45:23.760> tax<00:45:24.760> now<00:45:25.119> this<00:45:26.040> taxes<00:45:26.559> are<00:45:26.800> per 00:45:26.990 --> 00:45:27.000 align:start position:0% before tax now this taxes are per 00:45:27.000 --> 00:45:29.549 align:start position:0% before tax now this taxes are per permanent<00:45:27.400> taxes<00:45:27.839> keep<00:45:28.079> changing<00:45:28.960> so<00:45:29.280> it<00:45:29.400> is 00:45:29.549 --> 00:45:29.559 align:start position:0% permanent taxes keep changing so it is 00:45:29.559 --> 00:45:31.549 align:start position:0% permanent taxes keep changing so it is not<00:45:29.760> really<00:45:29.960> in<00:45:30.079> the<00:45:30.240> company's<00:45:30.800> hand<00:45:31.400> and 00:45:31.549 --> 00:45:31.559 align:start position:0% not really in the company's hand and 00:45:31.559 --> 00:45:35.270 align:start position:0% not really in the company's hand and therefore<00:45:32.280> Financial<00:45:33.280> U<00:45:33.680> experts<00:45:34.240> use<00:45:34.599> PBT<00:45:35.160> to 00:45:35.270 --> 00:45:35.280 align:start position:0% therefore Financial U experts use PBT to 00:45:35.280 --> 00:45:37.230 align:start position:0% therefore Financial U experts use PBT to show<00:45:35.599> how<00:45:35.800> good<00:45:36.119> purely<00:45:36.559> the<00:45:36.720> business<00:45:37.079> is 00:45:37.230 --> 00:45:37.240 align:start position:0% show how good purely the business is 00:45:37.240 --> 00:45:39.750 align:start position:0% show how good purely the business is doing<00:45:37.920> that<00:45:38.240> purely<00:45:38.640> they<00:45:38.800> make<00:45:39.040> 20<00:45:39.359> rupees 00:45:39.750 --> 00:45:39.760 align:start position:0% doing that purely they make 20 rupees 00:45:39.760 --> 00:45:42.349 align:start position:0% doing that purely they make 20 rupees unfortunately<00:45:40.440> taxation<00:45:40.920> has<00:45:41.079> gone<00:45:41.319> up<00:45:41.800> so 00:45:42.349 --> 00:45:42.359 align:start position:0% unfortunately taxation has gone up so 00:45:42.359 --> 00:45:44.349 align:start position:0% unfortunately taxation has gone up so you<00:45:42.520> are<00:45:43.040> uh<00:45:43.240> you<00:45:43.319> are<00:45:43.480> not<00:45:43.680> making<00:45:44.040> as<00:45:44.200> much 00:45:44.349 --> 00:45:44.359 align:start position:0% you are uh you are not making as much 00:45:44.359 --> 00:45:46.390 align:start position:0% you are uh you are not making as much money<00:45:44.680> as<00:45:44.839> you<00:45:44.960> would<00:45:45.119> have<00:45:45.280> made<00:45:45.559> previously 00:45:46.390 --> 00:45:46.400 align:start position:0% money as you would have made previously 00:45:46.400 --> 00:45:48.790 align:start position:0% money as you would have made previously but<00:45:46.559> your<00:45:46.800> PBT<00:45:47.359> is<00:45:47.559> good<00:45:47.800> so<00:45:48.280> a<00:45:48.440> lot<00:45:48.599> of 00:45:48.790 --> 00:45:48.800 align:start position:0% but your PBT is good so a lot of 00:45:48.800 --> 00:45:51.670 align:start position:0% but your PBT is good so a lot of financial<00:45:49.280> managers<00:45:50.040> lay<00:45:50.319> a<00:45:50.440> lot<00:45:50.599> of<00:45:50.800> emphasis 00:45:51.670 --> 00:45:51.680 align:start position:0% financial managers lay a lot of emphasis 00:45:51.680 --> 00:45:54.390 align:start position:0% financial managers lay a lot of emphasis on<00:45:52.000> PBT<00:45:52.760> so<00:45:53.000> they<00:45:53.160> know<00:45:53.440> that<00:45:53.640> this<00:45:53.800> company<00:45:54.119> is 00:45:54.390 --> 00:45:54.400 align:start position:0% on PBT so they know that this company is 00:45:54.400 --> 00:45:56.390 align:start position:0% on PBT so they know that this company is profitable<00:45:55.200> unfortunately<00:45:55.920> there<00:45:56.040> is<00:45:56.200> high 00:45:56.390 --> 00:45:56.400 align:start position:0% profitable unfortunately there is high 00:45:56.400 --> 00:45:58.349 align:start position:0% profitable unfortunately there is high taxation<00:45:57.200> cannot<00:45:57.680> nothing<00:45:57.920> can<00:45:58.079> be<00:45:58.200> done 00:45:58.349 --> 00:45:58.359 align:start position:0% taxation cannot nothing can be done 00:45:58.359 --> 00:46:00.190 align:start position:0% taxation cannot nothing can be done about<00:45:58.599> that<00:45:58.720> that's<00:45:58.880> a<00:45:59.000> longw<00:45:59.440> that<00:45:59.920> so 00:46:00.190 --> 00:46:00.200 align:start position:0% about that that's a longw that so 00:46:00.200 --> 00:46:02.270 align:start position:0% about that that's a longw that so investors<00:46:00.800> also<00:46:01.040> like<00:46:01.240> to<00:46:01.359> look<00:46:01.480> at<00:46:01.640> PBT<00:46:02.119> so 00:46:02.270 --> 00:46:02.280 align:start position:0% investors also like to look at PBT so 00:46:02.280 --> 00:46:04.069 align:start position:0% investors also like to look at PBT so PBT<00:46:02.720> is<00:46:02.839> very<00:46:03.040> important<00:46:03.440> when<00:46:03.559> you're 00:46:04.069 --> 00:46:04.079 align:start position:0% PBT is very important when you're 00:46:04.079 --> 00:46:07.510 align:start position:0% PBT is very important when you're looking<00:46:04.400> at<00:46:05.280> uh<00:46:05.559> financial<00:46:06.319> performance<00:46:07.319> and 00:46:07.510 --> 00:46:07.520 align:start position:0% looking at uh financial performance and 00:46:07.520 --> 00:46:10.190 align:start position:0% looking at uh financial performance and then<00:46:07.720> you<00:46:07.880> also<00:46:08.119> have<00:46:08.240> to<00:46:08.400> look<00:46:08.559> at<00:46:08.839> Pat<00:46:09.680> Pat<00:46:10.000> is 00:46:10.190 --> 00:46:10.200 align:start position:0% then you also have to look at Pat Pat is 00:46:10.200 --> 00:46:12.390 align:start position:0% then you also have to look at Pat Pat is really<00:46:10.920> how<00:46:11.119> much<00:46:11.319> money<00:46:11.599> you<00:46:11.760> have<00:46:12.000> finally 00:46:12.390 --> 00:46:12.400 align:start position:0% really how much money you have finally 00:46:12.400 --> 00:46:15.309 align:start position:0% really how much money you have finally made<00:46:13.079> so<00:46:13.280> you<00:46:13.400> may<00:46:13.599> have<00:46:13.720> made<00:46:13.960> that<00:46:14.119> 20<00:46:14.480> rupees 00:46:15.309 --> 00:46:15.319 align:start position:0% made so you may have made that 20 rupees 00:46:15.319 --> 00:46:17.910 align:start position:0% made so you may have made that 20 rupees but<00:46:15.760> since<00:46:16.000> you<00:46:16.200> have<00:46:16.319> to<00:46:16.559> pay<00:46:16.800> 10<00:46:17.119> Rupees<00:46:17.640> as 00:46:17.910 --> 00:46:17.920 align:start position:0% but since you have to pay 10 Rupees as 00:46:17.920 --> 00:46:20.670 align:start position:0% but since you have to pay 10 Rupees as tax<00:46:18.640> so<00:46:18.839> you're<00:46:19.119> only<00:46:19.520> actually<00:46:19.839> a<00:46:20.119> profit 00:46:20.670 --> 00:46:20.680 align:start position:0% tax so you're only actually a profit 00:46:20.680 --> 00:46:24.910 align:start position:0% tax so you're only actually a profit after<00:46:21.119> tax<00:46:21.559> is<00:46:22.480> 10<00:46:23.480> now<00:46:24.119> this<00:46:24.240> is<00:46:24.440> not<00:46:24.599> in<00:46:24.760> the 00:46:24.910 --> 00:46:24.920 align:start position:0% after tax is 10 now this is not in the 00:46:24.920 --> 00:46:26.910 align:start position:0% after tax is 10 now this is not in the company's<00:46:25.400> hands<00:46:26.000> but<00:46:26.240> at<00:46:26.359> least<00:46:26.520> it's<00:46:26.640> an 00:46:26.910 --> 00:46:26.920 align:start position:0% company's hands but at least it's an 00:46:26.920 --> 00:46:28.870 align:start position:0% company's hands but at least it's an indicator<00:46:27.400> that<00:46:27.520> it<00:46:27.599> is<00:46:27.760> still<00:46:28.079> profitable 00:46:28.870 --> 00:46:28.880 align:start position:0% indicator that it is still profitable 00:46:28.880 --> 00:46:31.109 align:start position:0% indicator that it is still profitable even<00:46:29.119> after<00:46:29.359> the<00:46:29.520> taxes<00:46:29.839> are<00:46:30.040> removed<00:46:30.839> now 00:46:31.109 --> 00:46:31.119 align:start position:0% even after the taxes are removed now 00:46:31.119 --> 00:46:33.990 align:start position:0% even after the taxes are removed now this<00:46:31.640> can<00:46:31.880> lead<00:46:32.319> investors<00:46:32.920> or<00:46:33.079> shareholders 00:46:33.990 --> 00:46:34.000 align:start position:0% this can lead investors or shareholders 00:46:34.000 --> 00:46:37.230 align:start position:0% this can lead investors or shareholders to<00:46:34.200> look<00:46:34.480> and<00:46:34.640> say<00:46:35.359> okay<00:46:36.200> actually<00:46:36.640> PBT<00:46:37.079> is 00:46:37.230 --> 00:46:37.240 align:start position:0% to look and say okay actually PBT is 00:46:37.240 --> 00:46:39.549 align:start position:0% to look and say okay actually PBT is very<00:46:37.480> good<00:46:38.000> unfortunate<00:46:38.680> Pat<00:46:39.000> may<00:46:39.160> have<00:46:39.319> come 00:46:39.549 --> 00:46:39.559 align:start position:0% very good unfortunate Pat may have come 00:46:39.559 --> 00:46:42.069 align:start position:0% very good unfortunate Pat may have come down<00:46:39.839> but<00:46:40.040> even<00:46:40.280> the<00:46:40.520> bat<00:46:40.839> is<00:46:41.160> positive<00:46:41.880> and 00:46:42.069 --> 00:46:42.079 align:start position:0% down but even the bat is positive and 00:46:42.079 --> 00:46:44.829 align:start position:0% down but even the bat is positive and therefore<00:46:42.400> we<00:46:42.520> want<00:46:42.720> to<00:46:43.400> uh<00:46:43.559> continue<00:46:44.040> to<00:46:44.680> uh 00:46:44.829 --> 00:46:44.839 align:start position:0% therefore we want to uh continue to uh 00:46:44.839 --> 00:46:48.109 align:start position:0% therefore we want to uh continue to uh invest<00:46:45.200> in<00:46:45.760> so<00:46:46.240> Pat<00:46:46.640> gives<00:46:46.880> you<00:46:47.280> a<00:46:47.599> complete 00:46:48.109 --> 00:46:48.119 align:start position:0% invest in so Pat gives you a complete 00:46:48.119 --> 00:46:50.349 align:start position:0% invest in so Pat gives you a complete analysis<00:46:48.960> or<00:46:49.280> the<00:46:49.440> final<00:46:49.800> picture<00:46:50.079> not<00:46:50.200> a 00:46:50.349 --> 00:46:50.359 align:start position:0% analysis or the final picture not a 00:46:50.359 --> 00:46:52.710 align:start position:0% analysis or the final picture not a complete<00:46:50.680> analysis<00:46:51.319> a<00:46:51.480> final<00:46:51.839> picture<00:46:52.480> of 00:46:52.710 --> 00:46:52.720 align:start position:0% complete analysis a final picture of 00:46:52.720 --> 00:46:54.950 align:start position:0% complete analysis a final picture of where<00:46:52.880> you<00:46:53.000> are<00:46:53.200> in<00:46:53.319> terms<00:46:53.559> of<00:46:53.720> your<00:46:54.160> financial 00:46:54.950 --> 00:46:54.960 align:start position:0% where you are in terms of your financial 00:46:54.960 --> 00:46:57.030 align:start position:0% where you are in terms of your financial performance<00:46:55.960> why<00:46:56.119> is<00:46:56.280> this<00:46:56.440> important<00:46:56.960> you 00:46:57.030 --> 00:46:57.040 align:start position:0% performance why is this important you 00:46:57.040 --> 00:46:59.670 align:start position:0% performance why is this important you could<00:46:57.200> say<00:46:57.440> well<00:46:57.960> if<00:46:58.160> my<00:46:58.720> Pat<00:46:59.000> is<00:46:59.119> zero<00:46:59.440> doesn't 00:46:59.670 --> 00:46:59.680 align:start position:0% could say well if my Pat is zero doesn't 00:46:59.680 --> 00:47:02.430 align:start position:0% could say well if my Pat is zero doesn't matter<00:46:59.920> at<00:47:00.040> least<00:47:00.200> my<00:47:00.359> PBT<00:47:00.800> was<00:47:01.040> positive<00:47:01.880> no 00:47:02.430 --> 00:47:02.440 align:start position:0% matter at least my PBT was positive no 00:47:02.440 --> 00:47:04.510 align:start position:0% matter at least my PBT was positive no because<00:47:02.760> it<00:47:02.880> is<00:47:03.119> only<00:47:03.640> those<00:47:03.960> profits<00:47:04.359> that 00:47:04.510 --> 00:47:04.520 align:start position:0% because it is only those profits that 00:47:04.520 --> 00:47:07.710 align:start position:0% because it is only those profits that you<00:47:04.920> generate<00:47:05.920> which<00:47:06.079> you<00:47:06.200> can<00:47:06.480> use<00:47:07.240> back<00:47:07.559> the 00:47:07.710 --> 00:47:07.720 align:start position:0% you generate which you can use back the 00:47:07.720 --> 00:47:10.829 align:start position:0% you generate which you can use back the next<00:47:08.000> year<00:47:08.480> to<00:47:08.720> grow<00:47:09.440> other<00:47:10.319> unless<00:47:10.640> until 00:47:10.829 --> 00:47:10.839 align:start position:0% next year to grow other unless until 00:47:10.839 --> 00:47:13.109 align:start position:0% next year to grow other unless until you're<00:47:11.040> looking<00:47:11.280> at<00:47:11.480> borrowing<00:47:12.319> which<00:47:12.599> again 00:47:13.109 --> 00:47:13.119 align:start position:0% you're looking at borrowing which again 00:47:13.119 --> 00:47:15.309 align:start position:0% you're looking at borrowing which again will<00:47:13.359> start<00:47:13.720> impacting<00:47:14.280> your<00:47:14.839> profit<00:47:15.119> and 00:47:15.309 --> 00:47:15.319 align:start position:0% will start impacting your profit and 00:47:15.319 --> 00:47:17.670 align:start position:0% will start impacting your profit and loss<00:47:15.720> and<00:47:15.960> your<00:47:16.640> uh<00:47:16.760> balance<00:47:17.160> sheet<00:47:17.440> because 00:47:17.670 --> 00:47:17.680 align:start position:0% loss and your uh balance sheet because 00:47:17.680 --> 00:47:21.349 align:start position:0% loss and your uh balance sheet because your<00:47:17.880> liabilities<00:47:18.480> will<00:47:18.680> grow<00:47:19.200> as<00:47:19.400> you<00:47:20.359> borrow 00:47:21.349 --> 00:47:21.359 align:start position:0% your liabilities will grow as you borrow 00:47:21.359 --> 00:47:23.150 align:start position:0% your liabilities will grow as you borrow and<00:47:21.559> last<00:47:21.960> you<00:47:22.079> would<00:47:22.240> have<00:47:22.400> heard<00:47:22.680> this<00:47:22.839> term 00:47:23.150 --> 00:47:23.160 align:start position:0% and last you would have heard this term 00:47:23.160 --> 00:47:25.790 align:start position:0% and last you would have heard this term very<00:47:23.359> frequently<00:47:23.839> it's<00:47:24.000> called<00:47:24.319> Abita<00:47:25.280> it<00:47:25.440> is 00:47:25.790 --> 00:47:25.800 align:start position:0% very frequently it's called Abita it is 00:47:25.800 --> 00:47:28.430 align:start position:0% very frequently it's called Abita it is actually<00:47:26.200> an<00:47:26.359> acronym<00:47:26.960> for<00:47:27.440> earnings<00:47:27.960> before 00:47:28.430 --> 00:47:28.440 align:start position:0% actually an acronym for earnings before 00:47:28.440 --> 00:47:31.470 align:start position:0% actually an acronym for earnings before interest<00:47:29.359> taxes<00:47:30.160> depreciation<00:47:31.040> and 00:47:31.470 --> 00:47:31.480 align:start position:0% interest taxes depreciation and 00:47:31.480 --> 00:47:35.230 align:start position:0% interest taxes depreciation and amortization<00:47:32.480> what<00:47:32.640> does<00:47:32.839> that<00:47:33.440> mean<00:47:34.440> this<00:47:34.839> is 00:47:35.230 --> 00:47:35.240 align:start position:0% amortization what does that mean this is 00:47:35.240 --> 00:47:40.190 align:start position:0% amortization what does that mean this is a<00:47:35.920> further<00:47:36.920> um<00:47:37.920> uh<00:47:38.119> higher<00:47:38.520> up<00:47:38.920> reading<00:47:39.760> or 00:47:40.190 --> 00:47:40.200 align:start position:0% a further um uh higher up reading or 00:47:40.200 --> 00:47:44.829 align:start position:0% a further um uh higher up reading or even<00:47:40.480> before<00:47:41.319> Pat<00:47:42.319> so<00:47:43.119> when<00:47:43.440> Pat<00:47:43.800> looks<00:47:44.240> at 00:47:44.829 --> 00:47:44.839 align:start position:0% even before Pat so when Pat looks at 00:47:44.839 --> 00:47:48.309 align:start position:0% even before Pat so when Pat looks at expense<00:47:45.839> Revenue<00:47:46.280> minus<00:47:46.960> expense<00:47:47.960> and<00:47:48.160> that 00:47:48.309 --> 00:47:48.319 align:start position:0% expense Revenue minus expense and that 00:47:48.319 --> 00:47:51.910 align:start position:0% expense Revenue minus expense and that is<00:47:48.839> that<00:47:48.920> is<00:47:49.079> PBT<00:47:49.800> and<00:47:49.960> then<00:47:50.119> minus<00:47:50.480> taxes<00:47:51.079> bad 00:47:51.910 --> 00:47:51.920 align:start position:0% is that is PBT and then minus taxes bad 00:47:51.920 --> 00:47:54.790 align:start position:0% is that is PBT and then minus taxes bad if<00:47:52.040> you<00:47:52.200> move<00:47:52.440> up<00:47:52.640> the<00:47:52.800> value<00:47:53.400> chain<00:47:54.400> if<00:47:54.559> you 00:47:54.790 --> 00:47:54.800 align:start position:0% if you move up the value chain if you 00:47:54.800 --> 00:47:57.589 align:start position:0% if you move up the value chain if you can<00:47:55.000> show<00:47:55.960> that<00:47:56.240> earnings 00:47:57.589 --> 00:47:57.599 align:start position:0% can show that earnings 00:47:57.599 --> 00:48:00.870 align:start position:0% can show that earnings before<00:47:58.319> what<00:47:58.480> is<00:47:58.720> my<00:47:59.319> uh<00:47:59.960> uh<00:48:00.240> earnings<00:48:00.720> that 00:48:00.870 --> 00:48:00.880 align:start position:0% before what is my uh uh earnings that 00:48:00.880 --> 00:48:03.030 align:start position:0% before what is my uh uh earnings that I've<00:48:01.119> got<00:48:01.400> my<00:48:01.559> Revenue<00:48:01.960> that<00:48:02.040> I've<00:48:02.200> generated 00:48:03.030 --> 00:48:03.040 align:start position:0% I've got my Revenue that I've generated 00:48:03.040 --> 00:48:06.309 align:start position:0% I've got my Revenue that I've generated I'm<00:48:03.319> only<00:48:03.800> minus<00:48:04.319> the<00:48:04.559> expenses<00:48:05.359> pure<00:48:05.760> expense 00:48:06.309 --> 00:48:06.319 align:start position:0% I'm only minus the expenses pure expense 00:48:06.319 --> 00:48:09.069 align:start position:0% I'm only minus the expenses pure expense nothing<00:48:06.640> else<00:48:06.880> that<00:48:07.040> I<00:48:07.160> have<00:48:07.400> paid<00:48:08.400> that<00:48:08.800> will 00:48:09.069 --> 00:48:09.079 align:start position:0% nothing else that I have paid that will 00:48:09.079 --> 00:48:12.549 align:start position:0% nothing else that I have paid that will then<00:48:09.480> be<00:48:09.800> my<00:48:10.119> AA<00:48:11.079> so<00:48:11.319> I<00:48:11.400> want<00:48:11.640> to<00:48:11.800> be<00:48:12.119> not<00:48:12.280> only 00:48:12.549 --> 00:48:12.559 align:start position:0% then be my AA so I want to be not only 00:48:12.559 --> 00:48:14.670 align:start position:0% then be my AA so I want to be not only AA<00:48:13.040> positive<00:48:13.400> I<00:48:13.480> want<00:48:13.640> to<00:48:13.800> have<00:48:14.040> large<00:48:14.400> amounts 00:48:14.670 --> 00:48:14.680 align:start position:0% AA positive I want to have large amounts 00:48:14.680 --> 00:48:17.549 align:start position:0% AA positive I want to have large amounts OFA<00:48:15.359> positivity<00:48:15.880> so<00:48:16.079> that<00:48:16.200> means<00:48:17.000> I<00:48:17.359> I<00:48:17.440> have 00:48:17.549 --> 00:48:17.559 align:start position:0% OFA positivity so that means I I have 00:48:17.559 --> 00:48:21.510 align:start position:0% OFA positivity so that means I I have generated<00:48:18.079> 100<00:48:18.359> rupees<00:48:19.359> and<00:48:19.880> my<00:48:20.680> uh<00:48:21.079> my 00:48:21.510 --> 00:48:21.520 align:start position:0% generated 100 rupees and my uh my 00:48:21.520 --> 00:48:26.150 align:start position:0% generated 100 rupees and my uh my expenses<00:48:22.520> were<00:48:23.280> um<00:48:23.680> let's<00:48:23.920> say<00:48:24.280> 60<00:48:24.920> rupees<00:48:25.920> so 00:48:26.150 --> 00:48:26.160 align:start position:0% expenses were um let's say 60 rupees so 00:48:26.160 --> 00:48:27.470 align:start position:0% expenses were um let's say 60 rupees so my<00:48:26.400> Abit 00:48:27.470 --> 00:48:27.480 align:start position:0% my Abit 00:48:27.480 --> 00:48:32.109 align:start position:0% my Abit is<00:48:28.119> 40<00:48:29.119> now<00:48:29.559> from<00:48:29.800> AA<00:48:30.480> I<00:48:30.559> am<00:48:30.760> then<00:48:30.960> minusing<00:48:31.839> my 00:48:32.109 --> 00:48:32.119 align:start position:0% is 40 now from AA I am then minusing my 00:48:32.119 --> 00:48:34.030 align:start position:0% is 40 now from AA I am then minusing my earnings<00:48:32.680> before<00:48:33.200> interest<00:48:33.559> so<00:48:33.800> there<00:48:33.880> is 00:48:34.030 --> 00:48:34.040 align:start position:0% earnings before interest so there is 00:48:34.040 --> 00:48:35.589 align:start position:0% earnings before interest so there is interest<00:48:34.400> payment<00:48:34.800> I<00:48:34.880> have<00:48:35.000> to<00:48:35.119> do 00:48:35.589 --> 00:48:35.599 align:start position:0% interest payment I have to do 00:48:35.599 --> 00:48:37.670 align:start position:0% interest payment I have to do depreciation<00:48:36.240> I<00:48:36.359> have<00:48:36.480> to<00:48:36.640> do<00:48:36.880> and<00:48:37.040> others 00:48:37.670 --> 00:48:37.680 align:start position:0% depreciation I have to do and others 00:48:37.680 --> 00:48:41.630 align:start position:0% depreciation I have to do and others then<00:48:37.839> I'm<00:48:38.079> left<00:48:38.400> with<00:48:38.920> 20<00:48:39.920> that<00:48:40.079> is<00:48:40.280> my<00:48:40.480> P<00:48:41.040> now 00:48:41.630 --> 00:48:41.640 align:start position:0% then I'm left with 20 that is my P now 00:48:41.640 --> 00:48:44.109 align:start position:0% then I'm left with 20 that is my P now and<00:48:41.800> when<00:48:41.920> I<00:48:42.119> minus<00:48:42.520> the<00:48:42.800> taxes<00:48:43.240> from<00:48:43.480> it<00:48:43.960> the 00:48:44.109 --> 00:48:44.119 align:start position:0% and when I minus the taxes from it the 00:48:44.119 --> 00:48:46.630 align:start position:0% and when I minus the taxes from it the PBT<00:48:44.559> sorry<00:48:45.040> when<00:48:45.160> I<00:48:45.319> minus<00:48:45.640> the<00:48:45.800> taxes<00:48:46.160> from<00:48:46.319> it 00:48:46.630 --> 00:48:46.640 align:start position:0% PBT sorry when I minus the taxes from it 00:48:46.640 --> 00:48:49.870 align:start position:0% PBT sorry when I minus the taxes from it I<00:48:46.760> come<00:48:46.920> to<00:48:47.079> the<00:48:47.240> P<00:48:47.920> so<00:48:48.119> there<00:48:48.200> is<00:48:48.440> AA<00:48:49.400> there<00:48:49.559> is 00:48:49.870 --> 00:48:49.880 align:start position:0% I come to the P so there is AA there is 00:48:49.880 --> 00:48:53.349 align:start position:0% I come to the P so there is AA there is PBT<00:48:50.520> and<00:48:50.680> then<00:48:50.880> there<00:48:51.000> is<00:48:51.240> p<00:48:52.040> so<00:48:52.359> AA<00:48:52.839> is<00:48:53.000> again 00:48:53.349 --> 00:48:53.359 align:start position:0% PBT and then there is p so AA is again 00:48:53.359 --> 00:48:56.150 align:start position:0% PBT and then there is p so AA is again is<00:48:53.559> some<00:48:53.880> is<00:48:54.000> a<00:48:54.200> performance<00:48:55.079> metric<00:48:55.880> where 00:48:56.150 --> 00:48:56.160 align:start position:0% is some is a performance metric where 00:48:56.160 --> 00:48:58.710 align:start position:0% is some is a performance metric where hospitals<00:48:56.920> are<00:48:57.359> are<00:48:57.599> want<00:48:57.839> to<00:48:57.960> show<00:48:58.559> that 00:48:58.710 --> 00:48:58.720 align:start position:0% hospitals are are want to show that 00:48:58.720 --> 00:49:00.190 align:start position:0% hospitals are are want to show that they're<00:48:59.000> actually<00:48:59.280> generating<00:48:59.720> a<00:48:59.880> lot<00:49:00.040> of 00:49:00.190 --> 00:49:00.200 align:start position:0% they're actually generating a lot of 00:49:00.200 --> 00:49:02.430 align:start position:0% they're actually generating a lot of good<00:49:00.440> revenue<00:49:01.280> and<00:49:01.480> they're<00:49:01.720> managing<00:49:02.160> to 00:49:02.430 --> 00:49:02.440 align:start position:0% good revenue and they're managing to 00:49:02.440 --> 00:49:04.910 align:start position:0% good revenue and they're managing to keep<00:49:02.760> costs<00:49:03.079> under<00:49:03.400> check<00:49:04.000> and<00:49:04.200> therefore<00:49:04.799> we 00:49:04.910 --> 00:49:04.920 align:start position:0% keep costs under check and therefore we 00:49:04.920 --> 00:49:07.789 align:start position:0% keep costs under check and therefore we are<00:49:05.240> financially<00:49:05.760> very<00:49:05.960> prudent<00:49:06.440> so<00:49:07.079> this<00:49:07.680> uh 00:49:07.789 --> 00:49:07.799 align:start position:0% are financially very prudent so this uh 00:49:07.799 --> 00:49:10.630 align:start position:0% are financially very prudent so this uh in<00:49:07.960> summon<00:49:08.359> summary<00:49:08.920> is<00:49:09.400> what<00:49:09.559> I<00:49:09.720> wanted<00:49:10.079> to<00:49:10.520> uh 00:49:10.630 --> 00:49:10.640 align:start position:0% in summon summary is what I wanted to uh 00:49:10.640 --> 00:49:13.030 align:start position:0% in summon summary is what I wanted to uh touch<00:49:10.920> upon<00:49:11.160> in<00:49:11.319> my<00:49:11.599> presentation<00:49:12.599> um<00:49:12.880> this 00:49:13.030 --> 00:49:13.040 align:start position:0% touch upon in my presentation um this 00:49:13.040 --> 00:49:15.870 align:start position:0% touch upon in my presentation um this time<00:49:13.280> around<00:49:14.160> um<00:49:14.400> I<00:49:14.520> know<00:49:14.839> this<00:49:14.960> is<00:49:15.119> a<00:49:15.359> subject 00:49:15.870 --> 00:49:15.880 align:start position:0% time around um I know this is a subject 00:49:15.880 --> 00:49:18.549 align:start position:0% time around um I know this is a subject which<00:49:16.280> uh<00:49:16.720> very<00:49:16.960> many<00:49:17.640> uh<00:49:17.839> Hospital 00:49:18.549 --> 00:49:18.559 align:start position:0% which uh very many uh Hospital 00:49:18.559 --> 00:49:20.950 align:start position:0% which uh very many uh Hospital administrators<00:49:19.559> sometimes<00:49:20.040> feel<00:49:20.400> very<00:49:20.760> of 00:49:20.950 --> 00:49:20.960 align:start position:0% administrators sometimes feel very of 00:49:20.960 --> 00:49:23.349 align:start position:0% administrators sometimes feel very of touching<00:49:21.799> because<00:49:22.359> they<00:49:22.480> are<00:49:22.640> not<00:49:22.799> well<00:49:23.000> wors 00:49:23.349 --> 00:49:23.359 align:start position:0% touching because they are not well wors 00:49:23.359 --> 00:49:26.349 align:start position:0% touching because they are not well wors with<00:49:23.480> it<00:49:24.000> but<00:49:24.200> I<00:49:24.319> have<00:49:24.480> given<00:49:24.799> broad<00:49:25.359> Concepts 00:49:26.349 --> 00:49:26.359 align:start position:0% with it but I have given broad Concepts 00:49:26.359 --> 00:49:29.349 align:start position:0% with it but I have given broad Concepts uh<00:49:26.520> and<00:49:26.720> and<00:49:26.920> Broad<00:49:27.440> theories<00:49:28.440> I<00:49:28.559> have<00:49:28.839> also 00:49:29.349 --> 00:49:29.359 align:start position:0% uh and and Broad theories I have also 00:49:29.359 --> 00:49:31.670 align:start position:0% uh and and Broad theories I have also outlined<00:49:30.040> three<00:49:30.319> very<00:49:30.559> important<00:49:31.079> aspects<00:49:31.520> of 00:49:31.670 --> 00:49:31.680 align:start position:0% outlined three very important aspects of 00:49:31.680 --> 00:49:34.069 align:start position:0% outlined three very important aspects of reading<00:49:32.079> financial<00:49:32.640> statements<00:49:33.640> those<00:49:33.880> three 00:49:34.069 --> 00:49:34.079 align:start position:0% reading financial statements those three 00:49:34.079 --> 00:49:36.510 align:start position:0% reading financial statements those three statements<00:49:34.480> I<00:49:34.680> would<00:49:35.000> strongly<00:49:35.319> urge<00:49:35.640> you<00:49:36.119> to 00:49:36.510 --> 00:49:36.520 align:start position:0% statements I would strongly urge you to 00:49:36.520 --> 00:49:38.829 align:start position:0% statements I would strongly urge you to please<00:49:37.520> you<00:49:37.599> know<00:49:37.720> sort<00:49:37.880> of<00:49:38.040> apprise<00:49:38.440> yourself 00:49:38.829 --> 00:49:38.839 align:start position:0% please you know sort of apprise yourself 00:49:38.839 --> 00:49:41.150 align:start position:0% please you know sort of apprise yourself with<00:49:39.000> the<00:49:39.119> Nuance<00:49:39.520> of<00:49:39.760> that<00:49:40.280> because<00:49:40.799> once<00:49:41.040> you 00:49:41.150 --> 00:49:41.160 align:start position:0% with the Nuance of that because once you 00:49:41.160 --> 00:49:42.910 align:start position:0% with the Nuance of that because once you do<00:49:41.359> that<00:49:41.520> you'll<00:49:41.720> feel<00:49:41.920> more<00:49:42.160> confident<00:49:42.720> with 00:49:42.910 --> 00:49:42.920 align:start position:0% do that you'll feel more confident with 00:49:42.920 --> 00:49:45.270 align:start position:0% do that you'll feel more confident with handling<00:49:43.359> financial<00:49:43.920> data<00:49:44.599> and<00:49:44.760> then<00:49:44.960> help 00:49:45.270 --> 00:49:45.280 align:start position:0% handling financial data and then help 00:49:45.280 --> 00:49:48.109 align:start position:0% handling financial data and then help with<00:49:45.799> budgeting<00:49:46.799> and<00:49:47.000> lastly<00:49:47.760> there<00:49:47.880> are 00:49:48.109 --> 00:49:48.119 align:start position:0% with budgeting and lastly there are 00:49:48.119 --> 00:49:50.230 align:start position:0% with budgeting and lastly there are certain<00:49:48.520> terms<00:49:49.200> and<00:49:49.359> terminologies<00:49:50.040> I've 00:49:50.230 --> 00:49:50.240 align:start position:0% certain terms and terminologies I've 00:49:50.240 --> 00:49:51.990 align:start position:0% certain terms and terminologies I've just<00:49:50.359> touched<00:49:50.720> upon<00:49:51.000> three<00:49:51.559> but<00:49:51.680> there<00:49:51.799> are 00:49:51.990 --> 00:49:52.000 align:start position:0% just touched upon three but there are 00:49:52.000 --> 00:49:53.270 align:start position:0% just touched upon three but there are many<00:49:52.280> others<00:49:52.640> that<00:49:52.799> you<00:49:52.880> know<00:49:53.040> if<00:49:53.119> you're 00:49:53.270 --> 00:49:53.280 align:start position:0% many others that you know if you're 00:49:53.280 --> 00:49:55.349 align:start position:0% many others that you know if you're interested<00:49:53.720> in<00:49:54.200> you<00:49:54.400> you<00:49:54.520> could<00:49:54.720> look<00:49:54.880> at<00:49:55.119> a 00:49:55.349 --> 00:49:55.359 align:start position:0% interested in you you could look at a 00:49:55.359 --> 00:49:57.990 align:start position:0% interested in you you could look at a financial<00:49:55.839> dictionary<00:49:56.720> to<00:49:57.119> uh<00:49:57.240> to<00:49:57.640> uh<00:49:57.799> keep 00:49:57.990 --> 00:49:58.000 align:start position:0% financial dictionary to uh to uh keep 00:49:58.000 --> 00:50:00.309 align:start position:0% financial dictionary to uh to uh keep yourself<00:49:58.319> a<00:49:58.480> breast<00:49:59.119> but<00:49:59.359> as<00:49:59.640> a<00:49:59.839> performance 00:50:00.309 --> 00:50:00.319 align:start position:0% yourself a breast but as a performance 00:50:00.319 --> 00:50:03.430 align:start position:0% yourself a breast but as a performance metric<00:50:00.720> a<00:50:00.880> beta<00:50:01.400> PBT<00:50:01.839> and<00:50:02.079> Pat<00:50:02.640> are<00:50:03.000> the<00:50:03.160> most 00:50:03.430 --> 00:50:03.440 align:start position:0% metric a beta PBT and Pat are the most 00:50:03.440 --> 00:50:05.789 align:start position:0% metric a beta PBT and Pat are the most important<00:50:03.839> and<00:50:04.000> critical<00:50:04.880> and<00:50:05.079> with<00:50:05.319> that<00:50:05.720> I 00:50:05.789 --> 00:50:05.799 align:start position:0% important and critical and with that I 00:50:05.799 --> 00:50:08.549 align:start position:0% important and critical and with that I will<00:50:06.119> end<00:50:06.559> today's<00:50:07.240> session<00:50:07.960> and<00:50:08.079> I'm<00:50:08.280> very 00:50:08.549 --> 00:50:08.559 align:start position:0% will end today's session and I'm very 00:50:08.559 --> 00:50:11.549 align:start position:0% will end today's session and I'm very happy<00:50:08.799> to<00:50:08.960> take<00:50:09.440> if<00:50:09.920> there<00:50:10.040> are<00:50:10.240> any<00:50:10.559> questions 00:50:11.549 --> 00:50:11.559 align:start position:0% happy to take if there are any questions 00:50:11.559 --> 00:50:14.150 align:start position:0% happy to take if there are any questions uh<00:50:11.680> that<00:50:11.839> you<00:50:11.960> may<00:50:12.280> have<00:50:13.000> uh<00:50:13.160> you<00:50:13.280> know<00:50:13.599> and 00:50:14.150 --> 00:50:14.160 align:start position:0% uh that you may have uh you know and 00:50:14.160 --> 00:50:16.309 align:start position:0% uh that you may have uh you know and handing<00:50:14.480> it<00:50:14.680> over<00:50:15.000> back<00:50:15.240> to<00:50:15.440> the<00:50:15.599> secretary 00:50:16.309 --> 00:50:16.319 align:start position:0% handing it over back to the secretary 00:50:16.319 --> 00:50:18.789 align:start position:0% handing it over back to the secretary please<00:50:17.200> thank<00:50:17.400> you<00:50:17.559> so<00:50:17.799> much<00:50:18.000> sir<00:50:18.280> for<00:50:18.480> taking 00:50:18.789 --> 00:50:18.799 align:start position:0% please thank you so much sir for taking 00:50:18.799 --> 00:50:20.390 align:start position:0% please thank you so much sir for taking your<00:50:19.000> time<00:50:19.200> out<00:50:19.480> for<00:50:19.799> giving<00:50:20.040> such<00:50:20.240> a 00:50:20.390 --> 00:50:20.400 align:start position:0% your time out for giving such a 00:50:20.400 --> 00:50:22.910 align:start position:0% your time out for giving such a wonderful<00:50:20.839> session<00:50:21.160> today<00:50:22.079> it<00:50:22.240> was<00:50:22.440> really<00:50:22.720> an 00:50:22.910 --> 00:50:22.920 align:start position:0% wonderful session today it was really an 00:50:22.920 --> 00:50:25.789 align:start position:0% wonderful session today it was really an informative<00:50:23.480> to<00:50:23.640> know<00:50:23.920> how<00:50:24.480> uh<00:50:24.760> it<00:50:25.240> starts<00:50:25.640> to 00:50:25.789 --> 00:50:25.799 align:start position:0% informative to know how uh it starts to 00:50:25.799 --> 00:50:27.829 align:start position:0% informative to know how uh it starts to learn<00:50:26.079> a<00:50:26.240> business<00:50:26.720> and<00:50:26.880> how<00:50:27.079> to<00:50:27.240> manage<00:50:27.680> the 00:50:27.829 --> 00:50:27.839 align:start position:0% learn a business and how to manage the 00:50:27.839 --> 00:50:31.230 align:start position:0% learn a business and how to manage the financial<00:50:28.359> aids<00:50:28.720> of<00:50:29.160> it<00:50:30.160> uh<00:50:30.319> sir<00:50:30.640> we<00:50:30.760> have<00:50:30.960> few 00:50:31.230 --> 00:50:31.240 align:start position:0% financial aids of it uh sir we have few 00:50:31.240 --> 00:50:32.990 align:start position:0% financial aids of it uh sir we have few questions<00:50:31.599> we'll<00:50:31.799> go<00:50:31.960> with<00:50:32.119> those 00:50:32.990 --> 00:50:33.000 align:start position:0% questions we'll go with those 00:50:33.000 --> 00:50:35.549 align:start position:0% questions we'll go with those questions<00:50:34.000> uh<00:50:34.119> so<00:50:34.280> sir<00:50:34.559> the<00:50:34.799> first<00:50:35.119> question 00:50:35.549 --> 00:50:35.559 align:start position:0% questions uh so sir the first question 00:50:35.559 --> 00:50:37.710 align:start position:0% questions uh so sir the first question is<00:50:35.920> when<00:50:36.079> we<00:50:36.240> are<00:50:36.440> planning<00:50:36.799> the<00:50:37.000> financial 00:50:37.710 --> 00:50:37.720 align:start position:0% is when we are planning the financial 00:50:37.720 --> 00:50:39.829 align:start position:0% is when we are planning the financial budget<00:50:38.079> for<00:50:38.319> any<00:50:38.599> kind<00:50:38.799> of<00:50:39.000> startup<00:50:39.440> or<00:50:39.599> any 00:50:39.829 --> 00:50:39.839 align:start position:0% budget for any kind of startup or any 00:50:39.839 --> 00:50:42.430 align:start position:0% budget for any kind of startup or any kind<00:50:40.079> of<00:50:40.720> hospitals<00:50:41.720> uh<00:50:41.839> what<00:50:41.920> are<00:50:42.079> the<00:50:42.240> key 00:50:42.430 --> 00:50:42.440 align:start position:0% kind of hospitals uh what are the key 00:50:42.440 --> 00:50:44.190 align:start position:0% kind of hospitals uh what are the key steps<00:50:42.799> we<00:50:42.920> have<00:50:43.079> to<00:50:43.280> keep<00:50:43.440> in<00:50:43.559> our<00:50:43.720> mind<00:50:44.040> while 00:50:44.190 --> 00:50:44.200 align:start position:0% steps we have to keep in our mind while 00:50:44.200 --> 00:50:46.030 align:start position:0% steps we have to keep in our mind while planning<00:50:44.559> the<00:50:44.680> financial 00:50:46.030 --> 00:50:46.040 align:start position:0% planning the financial 00:50:46.040 --> 00:50:48.430 align:start position:0% planning the financial budget<00:50:47.040> the<00:50:47.200> first<00:50:47.520> important<00:50:48.000> aspect<00:50:48.319> that's 00:50:48.430 --> 00:50:48.440 align:start position:0% budget the first important aspect that's 00:50:48.440 --> 00:50:49.990 align:start position:0% budget the first important aspect that's a<00:50:48.520> very<00:50:48.720> good<00:50:48.880> question<00:50:49.160> the<00:50:49.319> first<00:50:49.559> important 00:50:49.990 --> 00:50:50.000 align:start position:0% a very good question the first important 00:50:50.000 --> 00:50:52.990 align:start position:0% a very good question the first important aspect<00:50:50.359> is<00:50:50.520> to<00:50:50.760> do<00:50:51.319> a<00:50:51.520> market<00:50:51.960> analysis<00:50:52.720> of 00:50:52.990 --> 00:50:53.000 align:start position:0% aspect is to do a market analysis of 00:50:53.000 --> 00:50:55.150 align:start position:0% aspect is to do a market analysis of what<00:50:53.160> you're<00:50:53.440> trying<00:50:53.680> to<00:50:53.880> solve<00:50:54.760> actually 00:50:55.150 --> 00:50:55.160 align:start position:0% what you're trying to solve actually 00:50:55.160 --> 00:50:57.589 align:start position:0% what you're trying to solve actually there<00:50:55.280> is<00:50:55.400> a<00:50:55.599> market<00:50:55.960> that<00:50:56.160> exists<00:50:56.680> for<00:50:56.880> it<00:50:57.359> how 00:50:57.589 --> 00:50:57.599 align:start position:0% there is a market that exists for it how 00:50:57.599 --> 00:50:59.870 align:start position:0% there is a market that exists for it how large<00:50:57.880> is<00:50:58.079> that<00:50:58.280> market<00:50:59.280> uh<00:50:59.440> what<00:50:59.559> is<00:50:59.680> the 00:50:59.870 --> 00:50:59.880 align:start position:0% large is that market uh what is the 00:50:59.880 --> 00:51:02.109 align:start position:0% large is that market uh what is the paying<00:51:00.319> capacity<00:51:01.079> or<00:51:01.240> or<00:51:01.480> the<00:51:01.680> revenue 00:51:02.109 --> 00:51:02.119 align:start position:0% paying capacity or or the revenue 00:51:02.119 --> 00:51:04.950 align:start position:0% paying capacity or or the revenue generating<00:51:02.680> capacity<00:51:03.200> of<00:51:03.400> that<00:51:03.599> market<00:51:04.319> or<00:51:04.760> of 00:51:04.950 --> 00:51:04.960 align:start position:0% generating capacity of that market or of 00:51:04.960 --> 00:51:06.430 align:start position:0% generating capacity of that market or of that<00:51:05.200> product<00:51:05.559> that<00:51:05.720> you<00:51:05.799> are<00:51:05.920> wanting<00:51:06.280> to 00:51:06.430 --> 00:51:06.440 align:start position:0% that product that you are wanting to 00:51:06.440 --> 00:51:09.789 align:start position:0% that product that you are wanting to sell<00:51:07.440> uh<00:51:07.599> whether<00:51:07.920> it<00:51:08.040> is<00:51:08.240> viable<00:51:09.040> number<00:51:09.319> two 00:51:09.789 --> 00:51:09.799 align:start position:0% sell uh whether it is viable number two 00:51:09.799 --> 00:51:12.030 align:start position:0% sell uh whether it is viable number two you<00:51:09.920> will<00:51:10.079> need<00:51:10.280> to<00:51:10.440> see<00:51:11.079> what<00:51:11.280> are<00:51:11.640> the 00:51:12.030 --> 00:51:12.040 align:start position:0% you will need to see what are the 00:51:12.040 --> 00:51:13.910 align:start position:0% you will need to see what are the various<00:51:12.520> inputs<00:51:12.960> that<00:51:13.079> would<00:51:13.240> be<00:51:13.400> required 00:51:13.910 --> 00:51:13.920 align:start position:0% various inputs that would be required 00:51:13.920 --> 00:51:16.710 align:start position:0% various inputs that would be required I.E<00:51:14.799> what<00:51:15.040> are<00:51:15.559> the<00:51:15.839> Investments<00:51:16.480> that<00:51:16.599> you 00:51:16.710 --> 00:51:16.720 align:start position:0% I.E what are the Investments that you 00:51:16.720 --> 00:51:19.870 align:start position:0% I.E what are the Investments that you will<00:51:16.920> need<00:51:17.119> to<00:51:17.520> make<00:51:18.040> to<00:51:18.280> make<00:51:18.559> that<00:51:18.880> product 00:51:19.870 --> 00:51:19.880 align:start position:0% will need to make to make that product 00:51:19.880 --> 00:51:22.349 align:start position:0% will need to make to make that product product<00:51:20.200> or<00:51:20.359> service<00:51:20.920> available<00:51:21.319> to<00:51:21.559> people 00:51:22.349 --> 00:51:22.359 align:start position:0% product or service available to people 00:51:22.359 --> 00:51:24.390 align:start position:0% product or service available to people that<00:51:22.480> is<00:51:22.640> the<00:51:22.839> first<00:51:23.160> most<00:51:23.440> important<00:51:23.880> step<00:51:24.240> is 00:51:24.390 --> 00:51:24.400 align:start position:0% that is the first most important step is 00:51:24.400 --> 00:51:27.510 align:start position:0% that is the first most important step is to<00:51:25.000> identify<00:51:25.760> a<00:51:26.000> gap<00:51:26.160> in<00:51:26.280> the<00:51:26.359> market<00:51:26.599> Market 00:51:27.510 --> 00:51:27.520 align:start position:0% to identify a gap in the market Market 00:51:27.520 --> 00:51:30.910 align:start position:0% to identify a gap in the market Market identify<00:51:28.440> how<00:51:28.640> big<00:51:28.920> that<00:51:29.079> market<00:51:29.480> is<00:51:30.319> how 00:51:30.910 --> 00:51:30.920 align:start position:0% identify how big that market is how 00:51:30.920 --> 00:51:32.710 align:start position:0% identify how big that market is how you're<00:51:31.119> going<00:51:31.280> to<00:51:31.520> address<00:51:31.960> that<00:51:32.160> market<00:51:32.599> in 00:51:32.710 --> 00:51:32.720 align:start position:0% you're going to address that market in 00:51:32.720 --> 00:51:35.230 align:start position:0% you're going to address that market in terms<00:51:33.040> of<00:51:33.359> providing<00:51:33.760> Your<00:51:33.960> solution<00:51:34.960> and 00:51:35.230 --> 00:51:35.240 align:start position:0% terms of providing Your solution and 00:51:35.240 --> 00:51:37.510 align:start position:0% terms of providing Your solution and then<00:51:35.640> you<00:51:35.799> get<00:51:35.960> into<00:51:36.200> the<00:51:36.400> budgeting<00:51:36.920> of<00:51:37.079> it 00:51:37.510 --> 00:51:37.520 align:start position:0% then you get into the budgeting of it 00:51:37.520 --> 00:51:40.230 align:start position:0% then you get into the budgeting of it and<00:51:37.720> that<00:51:37.839> is<00:51:38.119> a<00:51:38.680> fairly<00:51:39.160> serious<00:51:39.640> exercise<00:51:40.079> of 00:51:40.230 --> 00:51:40.240 align:start position:0% and that is a fairly serious exercise of 00:51:40.240 --> 00:51:42.549 align:start position:0% and that is a fairly serious exercise of looking<00:51:40.559> at<00:51:41.079> how<00:51:41.280> much<00:51:41.599> you<00:51:41.720> are<00:51:41.920> expecting<00:51:42.280> to 00:51:42.549 --> 00:51:42.559 align:start position:0% looking at how much you are expecting to 00:51:42.559 --> 00:51:45.390 align:start position:0% looking at how much you are expecting to generate<00:51:43.440> how<00:51:43.640> much<00:51:43.960> of<00:51:44.200> this<00:51:44.799> you<00:51:44.960> are<00:51:45.200> going 00:51:45.390 --> 00:51:45.400 align:start position:0% generate how much of this you are going 00:51:45.400 --> 00:51:47.470 align:start position:0% generate how much of this you are going to<00:51:45.599> then<00:51:45.799> have<00:51:45.920> to<00:51:46.079> spend<00:51:46.440> on<00:51:46.680> building 00:51:47.470 --> 00:51:47.480 align:start position:0% to then have to spend on building 00:51:47.480 --> 00:51:50.710 align:start position:0% to then have to spend on building material<00:51:48.359> machinery<00:51:49.359> and<00:51:49.880> uh<00:51:50.000> your<00:51:50.240> operating 00:51:50.710 --> 00:51:50.720 align:start position:0% material machinery and uh your operating 00:51:50.720 --> 00:51:52.390 align:start position:0% material machinery and uh your operating cost<00:51:50.960> so<00:51:51.119> those<00:51:51.240> are<00:51:51.359> the<00:51:51.480> four<00:51:51.799> main<00:51:52.079> headings 00:51:52.390 --> 00:51:52.400 align:start position:0% cost so those are the four main headings 00:51:52.400 --> 00:51:55.030 align:start position:0% cost so those are the four main headings that<00:51:52.520> you<00:51:52.599> would<00:51:52.799> look<00:51:52.960> at<00:51:53.440> Building<00:51:54.160> Material 00:51:55.030 --> 00:51:55.040 align:start position:0% that you would look at Building Material 00:51:55.040 --> 00:51:56.990 align:start position:0% that you would look at Building Material Machinery<00:51:55.799> it<00:51:55.960> covers<00:51:56.280> every<00:51:56.599> everything<00:51:56.880> on 00:51:56.990 --> 00:51:57.000 align:start position:0% Machinery it covers every everything on 00:51:57.000 --> 00:51:58.750 align:start position:0% Machinery it covers every everything on your<00:51:57.200> infrastructure<00:51:57.880> side<00:51:58.400> and<00:51:58.559> then 00:51:58.750 --> 00:51:58.760 align:start position:0% your infrastructure side and then 00:51:58.760 --> 00:52:00.950 align:start position:0% your infrastructure side and then operating<00:51:59.319> expenses<00:52:00.119> once<00:52:00.359> you<00:52:00.520> have<00:52:00.760> those 00:52:00.950 --> 00:52:00.960 align:start position:0% operating expenses once you have those 00:52:00.960 --> 00:52:03.430 align:start position:0% operating expenses once you have those two<00:52:01.200> rounded<00:52:01.599> up<00:52:02.000> you<00:52:02.119> will<00:52:02.400> then<00:52:02.599> see<00:52:03.119> how<00:52:03.280> the 00:52:03.430 --> 00:52:03.440 align:start position:0% two rounded up you will then see how the 00:52:03.440 --> 00:52:05.069 align:start position:0% two rounded up you will then see how the financial<00:52:03.920> performance<00:52:04.359> of<00:52:04.559> your<00:52:04.760> business 00:52:05.069 --> 00:52:05.079 align:start position:0% financial performance of your business 00:52:05.079 --> 00:52:07.309 align:start position:0% financial performance of your business is<00:52:05.240> going<00:52:05.440> to<00:52:05.559> be<00:52:05.960> in<00:52:06.119> the<00:52:06.240> years 00:52:07.309 --> 00:52:07.319 align:start position:0% is going to be in the years 00:52:07.319 --> 00:52:09.270 align:start position:0% is going to be in the years ahead<00:52:08.319> all<00:52:08.480> right<00:52:08.640> sir<00:52:08.880> thank<00:52:09.040> you<00:52:09.119> for 00:52:09.270 --> 00:52:09.280 align:start position:0% ahead all right sir thank you for 00:52:09.280 --> 00:52:11.470 align:start position:0% ahead all right sir thank you for sharing<00:52:09.760> that<00:52:09.960> information<00:52:10.520> with<00:52:10.720> us<00:52:11.200> sir 00:52:11.470 --> 00:52:11.480 align:start position:0% sharing that information with us sir 00:52:11.480 --> 00:52:13.309 align:start position:0% sharing that information with us sir we'll<00:52:11.680> further<00:52:12.040> proceed<00:52:12.400> with<00:52:12.559> the<00:52:12.720> next 00:52:13.309 --> 00:52:13.319 align:start position:0% we'll further proceed with the next 00:52:13.319 --> 00:52:15.349 align:start position:0% we'll further proceed with the next question<00:52:14.319> uh<00:52:14.480> as<00:52:14.599> we're<00:52:14.839> talking<00:52:15.119> about 00:52:15.349 --> 00:52:15.359 align:start position:0% question uh as we're talking about 00:52:15.359 --> 00:52:17.510 align:start position:0% question uh as we're talking about financial<00:52:15.880> planning<00:52:16.240> and<00:52:16.480> management<00:52:17.359> can 00:52:17.510 --> 00:52:17.520 align:start position:0% financial planning and management can 00:52:17.520 --> 00:52:20.990 align:start position:0% financial planning and management can you<00:52:17.680> also<00:52:18.040> explain<00:52:18.359> us<00:52:18.599> what<00:52:18.720> is<00:52:18.880> Break<00:52:19.200> Even 00:52:20.990 --> 00:52:21.000 align:start position:0% you also explain us what is Break Even 00:52:21.000 --> 00:52:23.870 align:start position:0% you also explain us what is Break Even analysis<00:52:22.000> yes<00:52:22.359> uh<00:52:22.480> so<00:52:22.640> I<00:52:22.760> touched<00:52:23.119> upon<00:52:23.440> that 00:52:23.870 --> 00:52:23.880 align:start position:0% analysis yes uh so I touched upon that 00:52:23.880 --> 00:52:26.230 align:start position:0% analysis yes uh so I touched upon that um<00:52:24.799> when<00:52:24.960> you<00:52:25.079> are<00:52:25.280> doing<00:52:25.599> a<00:52:25.799> financial 00:52:26.230 --> 00:52:26.240 align:start position:0% um when you are doing a financial 00:52:26.240 --> 00:52:28.470 align:start position:0% um when you are doing a financial project<00:52:26.559> ejection<00:52:27.559> uh<00:52:27.680> so<00:52:27.920> that<00:52:28.040> means<00:52:28.319> that 00:52:28.470 --> 00:52:28.480 align:start position:0% project ejection uh so that means that 00:52:28.480 --> 00:52:30.829 align:start position:0% project ejection uh so that means that you<00:52:28.599> are<00:52:28.760> looking<00:52:29.079> at<00:52:29.240> your<00:52:29.559> operations<00:52:30.240> from 00:52:30.829 --> 00:52:30.839 align:start position:0% you are looking at your operations from 00:52:30.839 --> 00:52:35.589 align:start position:0% you are looking at your operations from year<00:52:31.160> 1<00:52:31.839> to<00:52:32.119> year<00:52:32.599> 678<00:52:33.599> let's<00:52:33.880> say<00:52:34.599> so<00:52:35.079> on<00:52:35.319> year 00:52:35.589 --> 00:52:35.599 align:start position:0% year 1 to year 678 let's say so on year 00:52:35.599 --> 00:52:38.950 align:start position:0% year 1 to year 678 let's say so on year one<00:52:36.079> I<00:52:36.160> will<00:52:36.480> generate<00:52:37.359> x<00:52:37.680> amount<00:52:38.000> of<00:52:38.200> Revenue 00:52:38.950 --> 00:52:38.960 align:start position:0% one I will generate x amount of Revenue 00:52:38.960 --> 00:52:41.670 align:start position:0% one I will generate x amount of Revenue and<00:52:39.119> my<00:52:39.319> expenses<00:52:39.799> will<00:52:39.960> be<00:52:40.200> this<00:52:40.359> much<00:52:41.200> and 00:52:41.670 --> 00:52:41.680 align:start position:0% and my expenses will be this much and 00:52:41.680 --> 00:52:43.309 align:start position:0% and my expenses will be this much and therefore<00:52:42.119> I<00:52:42.240> will<00:52:42.480> be<00:52:42.640> making<00:52:42.960> either<00:52:43.160> a 00:52:43.309 --> 00:52:43.319 align:start position:0% therefore I will be making either a 00:52:43.319 --> 00:52:45.589 align:start position:0% therefore I will be making either a profit<00:52:43.599> or<00:52:43.720> a<00:52:43.839> loss<00:52:44.160> now<00:52:44.640> say<00:52:44.880> for<00:52:45.079> example<00:52:45.440> and 00:52:45.589 --> 00:52:45.599 align:start position:0% profit or a loss now say for example and 00:52:45.599 --> 00:52:46.990 align:start position:0% profit or a loss now say for example and this<00:52:45.680> is<00:52:45.839> mostly<00:52:46.200> the<00:52:46.359> case<00:52:46.599> because<00:52:46.799> you<00:52:46.920> have 00:52:46.990 --> 00:52:47.000 align:start position:0% this is mostly the case because you have 00:52:47.000 --> 00:52:48.710 align:start position:0% this is mostly the case because you have to<00:52:47.160> borrow<00:52:47.520> money<00:52:48.079> to<00:52:48.280> create<00:52:48.559> an 00:52:48.710 --> 00:52:48.720 align:start position:0% to borrow money to create an 00:52:48.720 --> 00:52:49.950 align:start position:0% to borrow money to create an infrastructure<00:52:49.319> you're<00:52:49.480> not<00:52:49.640> going<00:52:49.760> to<00:52:49.839> be 00:52:49.950 --> 00:52:49.960 align:start position:0% infrastructure you're not going to be 00:52:49.960 --> 00:52:53.190 align:start position:0% infrastructure you're not going to be putting<00:52:50.200> all<00:52:50.359> your<00:52:50.559> money<00:52:51.200> uh<00:52:51.319> in<00:52:51.520> it<00:52:52.359> um<00:52:52.960> and 00:52:53.190 --> 00:52:53.200 align:start position:0% putting all your money uh in it um and 00:52:53.200 --> 00:52:55.309 align:start position:0% putting all your money uh in it um and obviously<00:52:53.680> even<00:52:53.880> if<00:52:54.000> you<00:52:54.119> put<00:52:54.319> all<00:52:54.480> your<00:52:54.640> money 00:52:55.309 --> 00:52:55.319 align:start position:0% obviously even if you put all your money 00:52:55.319 --> 00:52:56.829 align:start position:0% obviously even if you put all your money you're<00:52:55.559> not<00:52:55.720> going<00:52:55.839> to<00:52:55.960> be<00:52:56.040> generating<00:52:56.640> enough 00:52:56.829 --> 00:52:56.839 align:start position:0% you're not going to be generating enough 00:52:56.839 --> 00:52:58.510 align:start position:0% you're not going to be generating enough Revenue<00:52:57.160> it's<00:52:57.280> not<00:52:57.480> as<00:52:57.599> if<00:52:57.760> if<00:52:57.880> you<00:52:58.000> open<00:52:58.160> a<00:52:58.319> 100 00:52:58.510 --> 00:52:58.520 align:start position:0% Revenue it's not as if if you open a 100 00:52:58.520 --> 00:53:00.349 align:start position:0% Revenue it's not as if if you open a 100 bed<00:52:58.760> hospital<00:52:59.119> on<00:52:59.280> day<00:52:59.400> one<00:52:59.599> all<00:52:59.799> 100<00:53:00.000> beds<00:53:00.240> are 00:53:00.349 --> 00:53:00.359 align:start position:0% bed hospital on day one all 100 beds are 00:53:00.359 --> 00:53:02.109 align:start position:0% bed hospital on day one all 100 beds are going<00:53:00.520> to<00:53:00.599> be<00:53:00.760> occupied<00:53:01.400> so<00:53:01.520> you<00:53:01.680> make<00:53:01.920> some 00:53:02.109 --> 00:53:02.119 align:start position:0% going to be occupied so you make some 00:53:02.119 --> 00:53:03.870 align:start position:0% going to be occupied so you make some assumptions<00:53:03.040> that<00:53:03.280> I'm<00:53:03.400> going<00:53:03.559> to<00:53:03.640> have<00:53:03.760> an 00:53:03.870 --> 00:53:03.880 align:start position:0% assumptions that I'm going to have an 00:53:03.880 --> 00:53:06.190 align:start position:0% assumptions that I'm going to have an occupancy<00:53:04.280> of<00:53:04.480> 20%<00:53:04.960> for<00:53:05.119> the<00:53:05.240> first<00:53:05.480> year<00:53:05.880> 30 00:53:06.190 --> 00:53:06.200 align:start position:0% occupancy of 20% for the first year 30 00:53:06.200 --> 00:53:08.430 align:start position:0% occupancy of 20% for the first year 30 40%<00:53:06.720> in<00:53:06.839> the<00:53:06.960> next<00:53:07.160> few<00:53:07.359> years<00:53:07.920> and<00:53:08.079> my 00:53:08.430 --> 00:53:08.440 align:start position:0% 40% in the next few years and my 00:53:08.440 --> 00:53:12.030 align:start position:0% 40% in the next few years and my revenues<00:53:08.839> will<00:53:09.040> also<00:53:09.559> increase<00:53:10.079> by<00:53:10.440> X<00:53:10.760> Y<00:53:10.920> or<00:53:11.119> Z 00:53:12.030 --> 00:53:12.040 align:start position:0% revenues will also increase by X Y or Z 00:53:12.040 --> 00:53:14.430 align:start position:0% revenues will also increase by X Y or Z Now<00:53:12.599> initially<00:53:13.040> in<00:53:13.160> the<00:53:13.319> first<00:53:13.520> few<00:53:13.760> years<00:53:14.319> you 00:53:14.430 --> 00:53:14.440 align:start position:0% Now initially in the first few years you 00:53:14.440 --> 00:53:16.069 align:start position:0% Now initially in the first few years you will<00:53:14.599> be<00:53:14.760> making<00:53:15.000> a<00:53:15.160> loss<00:53:15.640> that<00:53:15.760> means<00:53:16.000> you 00:53:16.069 --> 00:53:16.079 align:start position:0% will be making a loss that means you 00:53:16.079 --> 00:53:17.510 align:start position:0% will be making a loss that means you have<00:53:16.240> spent<00:53:16.520> money<00:53:17.000> but<00:53:17.160> you've<00:53:17.319> not 00:53:17.510 --> 00:53:17.520 align:start position:0% have spent money but you've not 00:53:17.520 --> 00:53:20.670 align:start position:0% have spent money but you've not generated<00:53:18.000> enough<00:53:18.680> Revenue<00:53:19.680> at<00:53:19.880> some<00:53:20.119> stage 00:53:20.670 --> 00:53:20.680 align:start position:0% generated enough Revenue at some stage 00:53:20.680 --> 00:53:22.309 align:start position:0% generated enough Revenue at some stage and<00:53:20.880> this<00:53:21.000> is<00:53:21.280> where<00:53:21.480> financial<00:53:21.960> planning 00:53:22.309 --> 00:53:22.319 align:start position:0% and this is where financial planning 00:53:22.319 --> 00:53:25.270 align:start position:0% and this is where financial planning comes<00:53:22.559> in<00:53:23.119> you<00:53:23.240> are<00:53:23.480> going<00:53:23.720> to<00:53:24.040> have<00:53:24.319> a<00:53:24.559> stage 00:53:25.270 --> 00:53:25.280 align:start position:0% comes in you are going to have a stage 00:53:25.280 --> 00:53:28.829 align:start position:0% comes in you are going to have a stage where<00:53:25.520> the<00:53:25.720> revenues<00:53:26.520> outdo<00:53:27.119> the<00:53:27.839> expenses 00:53:28.829 --> 00:53:28.839 align:start position:0% where the revenues outdo the expenses 00:53:28.839 --> 00:53:30.990 align:start position:0% where the revenues outdo the expenses once<00:53:29.079> you've<00:53:29.359> done<00:53:29.640> that<00:53:30.040> you<00:53:30.200> have<00:53:30.440> broken 00:53:30.990 --> 00:53:31.000 align:start position:0% once you've done that you have broken 00:53:31.000 --> 00:53:33.349 align:start position:0% once you've done that you have broken even<00:53:31.720> which<00:53:31.880> means<00:53:32.440> that<00:53:32.599> you<00:53:32.680> are<00:53:32.880> at<00:53:33.079> now 00:53:33.349 --> 00:53:33.359 align:start position:0% even which means that you are at now 00:53:33.359 --> 00:53:36.589 align:start position:0% even which means that you are at now zero<00:53:33.920> 100<00:53:34.240> rupees<00:53:34.680> earned<00:53:35.160> 100<00:53:35.440> rupees<00:53:35.720> spent 00:53:36.589 --> 00:53:36.599 align:start position:0% zero 100 rupees earned 100 rupees spent 00:53:36.599 --> 00:53:38.309 align:start position:0% zero 100 rupees earned 100 rupees spent and<00:53:36.839> the<00:53:37.000> trajectory<00:53:37.520> should<00:53:37.720> be<00:53:37.920> that<00:53:38.079> that 00:53:38.309 --> 00:53:38.319 align:start position:0% and the trajectory should be that that 00:53:38.319 --> 00:53:41.309 align:start position:0% and the trajectory should be that that 100<00:53:38.559> rupees<00:53:39.079> earned<00:53:39.599> should<00:53:39.880> get<00:53:40.040> to<00:53:40.440> 200<00:53:41.119> and 00:53:41.309 --> 00:53:41.319 align:start position:0% 100 rupees earned should get to 200 and 00:53:41.319 --> 00:53:43.549 align:start position:0% 100 rupees earned should get to 200 and hopefully<00:53:41.799> the<00:53:42.000> 100<00:53:42.200> rupees<00:53:42.559> spent<00:53:43.119> gets<00:53:43.359> to 00:53:43.549 --> 00:53:43.559 align:start position:0% hopefully the 100 rupees spent gets to 00:53:43.559 --> 00:53:46.190 align:start position:0% hopefully the 100 rupees spent gets to 80<00:53:44.359> and<00:53:44.559> that's<00:53:44.799> how<00:53:45.040> then<00:53:45.240> the<00:53:45.720> financial 00:53:46.190 --> 00:53:46.200 align:start position:0% 80 and that's how then the financial 00:53:46.200 --> 00:53:48.390 align:start position:0% 80 and that's how then the financial viability<00:53:46.920> or<00:53:47.079> the<00:53:47.240> profitability<00:53:48.200> then 00:53:48.390 --> 00:53:48.400 align:start position:0% viability or the profitability then 00:53:48.400 --> 00:53:52.150 align:start position:0% viability or the profitability then improves<00:53:48.880> so<00:53:49.880> uh<00:53:50.200> a<00:53:50.359> break<00:53:50.640> even<00:53:51.000> analysis<00:53:52.000> uh 00:53:52.150 --> 00:53:52.160 align:start position:0% improves so uh a break even analysis uh 00:53:52.160 --> 00:53:54.069 align:start position:0% improves so uh a break even analysis uh again<00:53:52.520> you<00:53:52.760> you<00:53:53.119> there<00:53:53.240> are<00:53:53.440> Excel<00:53:53.720> sheets 00:53:54.069 --> 00:53:54.079 align:start position:0% again you you there are Excel sheets 00:53:54.079 --> 00:53:55.549 align:start position:0% again you you there are Excel sheets available<00:53:54.480> online<00:53:54.839> where<00:53:54.960> you<00:53:55.040> can<00:53:55.200> just<00:53:55.319> feed 00:53:55.549 --> 00:53:55.559 align:start position:0% available online where you can just feed 00:53:55.559 --> 00:53:58.510 align:start position:0% available online where you can just feed in<00:53:55.760> all<00:53:55.880> the<00:53:56.040> data<00:53:56.680> it<00:53:56.839> looks<00:53:57.160> at<00:53:57.720> the<00:53:57.960> point<00:53:58.240> in 00:53:58.510 --> 00:53:58.520 align:start position:0% in all the data it looks at the point in 00:53:58.520 --> 00:54:02.230 align:start position:0% in all the data it looks at the point in time<00:53:59.520> that<00:53:59.799> your<00:54:00.520> profitability<00:54:01.520> your<00:54:01.960> uh 00:54:02.230 --> 00:54:02.240 align:start position:0% time that your profitability your uh 00:54:02.240 --> 00:54:04.630 align:start position:0% time that your profitability your uh revenue<00:54:02.760> and<00:54:02.920> your<00:54:03.119> expenses<00:54:03.880> will<00:54:04.119> meet<00:54:04.480> each 00:54:04.630 --> 00:54:04.640 align:start position:0% revenue and your expenses will meet each 00:54:04.640 --> 00:54:06.750 align:start position:0% revenue and your expenses will meet each other<00:54:05.200> and<00:54:05.480> that<00:54:05.920> that<00:54:06.079> that<00:54:06.200> is<00:54:06.440> most 00:54:06.750 --> 00:54:06.760 align:start position:0% other and that that that is most 00:54:06.760 --> 00:54:08.510 align:start position:0% other and that that that is most important<00:54:07.480> when<00:54:07.640> you're<00:54:07.839> looking<00:54:08.119> at<00:54:08.240> it<00:54:08.359> from 00:54:08.510 --> 00:54:08.520 align:start position:0% important when you're looking at it from 00:54:08.520 --> 00:54:11.069 align:start position:0% important when you're looking at it from an<00:54:08.720> investment<00:54:09.359> standpoint<00:54:10.280> if<00:54:10.520> I<00:54:10.680> make<00:54:10.880> an 00:54:11.069 --> 00:54:11.079 align:start position:0% an investment standpoint if I make an 00:54:11.079 --> 00:54:13.430 align:start position:0% an investment standpoint if I make an investment<00:54:11.559> I<00:54:11.640> need<00:54:11.799> to<00:54:12.040> ask<00:54:12.839> by<00:54:13.040> when<00:54:13.240> will 00:54:13.430 --> 00:54:13.440 align:start position:0% investment I need to ask by when will 00:54:13.440 --> 00:54:15.109 align:start position:0% investment I need to ask by when will this<00:54:13.680> project<00:54:13.960> break<00:54:14.240> even<00:54:14.520> so<00:54:14.680> somebody<00:54:15.000> can 00:54:15.109 --> 00:54:15.119 align:start position:0% this project break even so somebody can 00:54:15.119 --> 00:54:17.349 align:start position:0% this project break even so somebody can say<00:54:15.359> year<00:54:15.640> five<00:54:15.960> year<00:54:16.200> three<00:54:16.799> and<00:54:16.920> then<00:54:17.040> I<00:54:17.160> can 00:54:17.349 --> 00:54:17.359 align:start position:0% say year five year three and then I can 00:54:17.359 --> 00:54:19.789 align:start position:0% say year five year three and then I can say<00:54:17.760> show<00:54:18.000> me<00:54:18.119> the<00:54:18.280> assumptions<00:54:19.200> oh<00:54:19.559> your 00:54:19.789 --> 00:54:19.799 align:start position:0% say show me the assumptions oh your 00:54:19.799 --> 00:54:21.230 align:start position:0% say show me the assumptions oh your assumption<00:54:20.200> says<00:54:20.520> that<00:54:20.640> in<00:54:20.760> year<00:54:20.960> three<00:54:21.160> you 00:54:21.230 --> 00:54:21.240 align:start position:0% assumption says that in year three you 00:54:21.240 --> 00:54:22.950 align:start position:0% assumption says that in year three you will<00:54:21.359> have<00:54:21.559> 100%<00:54:22.000> occupancy<00:54:22.480> is<00:54:22.559> not<00:54:22.680> going<00:54:22.839> to 00:54:22.950 --> 00:54:22.960 align:start position:0% will have 100% occupancy is not going to 00:54:22.960 --> 00:54:24.829 align:start position:0% will have 100% occupancy is not going to happen<00:54:23.400> you<00:54:23.520> need<00:54:23.640> to<00:54:23.760> lower<00:54:24.079> that<00:54:24.280> down<00:54:24.720> that 00:54:24.829 --> 00:54:24.839 align:start position:0% happen you need to lower that down that 00:54:24.839 --> 00:54:26.710 align:start position:0% happen you need to lower that down that means<00:54:25.079> your<00:54:25.559> break<00:54:25.839> even<00:54:26.079> will<00:54:26.240> get<00:54:26.400> get<00:54:26.559> to 00:54:26.710 --> 00:54:26.720 align:start position:0% means your break even will get get to 00:54:26.720 --> 00:54:28.750 align:start position:0% means your break even will get get to seven<00:54:27.000> years<00:54:27.240> not<00:54:27.520> five<00:54:27.920> so<00:54:28.119> that<00:54:28.240> is<00:54:28.440> why<00:54:28.680> this 00:54:28.750 --> 00:54:28.760 align:start position:0% seven years not five so that is why this 00:54:28.760 --> 00:54:30.349 align:start position:0% seven years not five so that is why this is<00:54:28.920> such<00:54:29.079> a<00:54:29.200> critical 00:54:30.349 --> 00:54:30.359 align:start position:0% is such a critical 00:54:30.359 --> 00:54:32.630 align:start position:0% is such a critical metric<00:54:31.359> thank<00:54:31.520> you<00:54:31.680> so<00:54:31.799> much<00:54:32.000> sir<00:54:32.240> once<00:54:32.440> again 00:54:32.630 --> 00:54:32.640 align:start position:0% metric thank you so much sir once again 00:54:32.640 --> 00:54:34.190 align:start position:0% metric thank you so much sir once again for<00:54:32.839> coming<00:54:33.079> to<00:54:33.200> our<00:54:33.359> platform<00:54:33.760> and<00:54:33.839> sharing 00:54:34.190 --> 00:54:34.200 align:start position:0% for coming to our platform and sharing 00:54:34.200 --> 00:54:36.230 align:start position:0% for coming to our platform and sharing all<00:54:34.400> the<00:54:34.559> wonderful<00:54:34.960> insights<00:54:35.440> with 00:54:36.230 --> 00:54:36.240 align:start position:0% all the wonderful insights with 00:54:36.240 --> 00:54:38.549 align:start position:0% all the wonderful insights with us<00:54:37.240> thank<00:54:37.400> you<00:54:37.559> the<00:54:37.680> pleasure<00:54:37.960> has<00:54:38.240> all<00:54:38.359> been 00:54:38.549 --> 00:54:38.559 align:start position:0% us thank you the pleasure has all been 00:54:38.559 --> 00:54:40.870 align:start position:0% us thank you the pleasure has all been mine<00:54:38.799> and<00:54:38.920> I<00:54:39.040> hope<00:54:39.280> this<00:54:39.640> session<00:54:39.960> was<00:54:40.160> useful 00:54:40.870 --> 00:54:40.880 align:start position:0% mine and I hope this session was useful 00:54:40.880 --> 00:54:41.829 align:start position:0% mine and I hope this session was useful and<00:54:41.040> thank<00:54:41.160> you<00:54:41.280> for<00:54:41.400> your<00:54:41.559> time<00:54:41.680> and 00:54:41.829 --> 00:54:41.839 align:start position:0% and thank you for your time and 00:54:41.839 --> 00:54:44.839 align:start position:0% and thank you for your time and attention