21/03/2018
ANNOUNCING 2018 AMLSN FESTAC/SATELLITE CORPORATE BUSINESS WORKSHOP
Preambles
Private medical Laboratory facilities together with the other private healthcare providers are believed to be responsible for the delivery of over 60% of healthcare service in our system. They are also believed to be the employers of close to 70% of medical laboratory scientists, technicians and assistances. The survivals of private practices are crucial to the wellbeing of our profession. In fact, they are the mainstay of our professional Commonwealth's economy.
However, the increasing competitiveness in the diagnostic service market coupled with hostile business environment makes starting up a new medical laboratory facility and trying to comply with state and federal laws and regulations confusing.
Sadly, there is now little doubt that this hostile environment will continue and perhaps even worsen in the coming years ahead, reflecting the combined effects of the following:
-Poorer, erratic electricity supply and high cost of running generators.
-High exchange rate that adversely affects cost of imported supplies and reagents
-Intensified inflationary pressures on service and distribution costs.
-Intensified regulatory pressures on business conduct and investment decisions.
-Intensified competition, both from traditional domestic competitors and also from the new wave of foreign competitors entering the diagnostic business markets with different objectives and frequently lower ROI expectations.
During such periods of financial turmoil, businesses face a unique set of challenges. By employing certain strategies, not only can businesses survive slumping demand and low consumer confidence, they can thrive. Getting your business to survive the bad times takes planning, and it takes a clear-headed ex*****on of those plans when the bad times do show themselves.
Fortunately, this Professional Business Retreat, as the content suggest, is organized to contain everything you need to know to run and grow your practice in face of challenging business environment. It will provides you information on laws and taxes, business risks, other state and federal requirements and it will guide you through the whole process of establishing your practice, including a checklist of everything you need to excel in your practice.
If you are planning to start a practice or expanding an existing practice, I urge you to participate in this retreat. I think you will find it answers many of the questions you may have about undertaking a new dimension that will turn around your practice.
Alex Uneze - (0803 377 2189)
Chairman,
AMLSN Festac/Satellite
