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A Man On a Mission
He formed Meenakshi Mission with 100 beds with 20 doctors
in 1990. Today, the hospital boasts of 600 beds and 250 doctors
Dr N Sethuraman (65)
Chairman, Meenakshi Mission Hospital and Research Centre, Madurai
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Born in 1943, he did his MBBS from Madurai Medical College,
MS from Madurai university, MCh, Urology from Madras University, MNAMS in Genito
urinary,
Why an entrepreneur?
While he was working as Assistant Professor of urology in Madurai Medical College,
he was disturbed to see the plight of poor patients in Government hospitals.
"Being a person who hailed from the deepest rural part of Tamil Nadu, I
understood their pain. So I decided to start a hospital where all the sectors
of the society can get treatment without economic hurdles. This idea had come
as a vision of our hospital 'no man is too poor to afford first grade
medical treatment'," says Dr Sethuraman.
The first move
Dr Sethuraman established SR Trust, a non-profit, public charitable trust to
make healthcare services available to rural areas. He found a surgical set-up
in Madurai, a 60-bed hospital with just three departments (urology, surgery
and orthopaedics) in Munichalai Road, Madurai. Later on, a cancer department
was added. In 1990, he established Meenakshi Mission Hospital and Research Centre
(MMHRC) a charitable, multi-speciality, non-profit, teaching institution
at Madurai, with 100 beds.
Over the years
Today, the hospital has become one of the largest hospitals in Tamil Nadu with
600 beds and 250 doctors. "The revenue in the first year of operations
was Rs 4.8 crore which has grown to Rs 58 crore with an average of Rs 27 crore.
The hospital has been adding speciality divisions every year to the mission
and social commitment," says Dr Sethuraman.
MMHRC has expanded its wings to provide treatment to the poor and needy in Tamil
Nadu in collaboration with the District authorities of Thirunvelvel and Tuticorin
and with support of the Smile Train, USA, MMHRC has met the district free from
cleft lip/ palate problems and received citation from the respective collectors.
"In collaboration with Smile Train, USA we have performed more than 3,000
quality corrective surgeries free of cost," he beams.
It has also set up health centres in remote village areas. "Five peripheral
health centres are maintained by MMHRC in collaboration with the village improvement
committee, instituted with the help of social and health workers. Community
health services are offered by these centres to benefit the villagers,"
states Dr Sethuraman.
Awards
He has been conferred with BC Roy National Award and Life Time Achievement Award
awarded by the Federation of Tamil Sangams of North America.
Fears and apprehensions
"I would rather say passion than fear. The unearthed seed of cultivating
health for poor gave birth to MMHRC. The ray of hope sometimes got strayed due
to delayed initial response from others. I should also admit that I come from
background where no one was in business and there was no great financial acumen
or anything. I struggled a lot but some how muddled through," he says on
his struggling years.
Any formal degree in management?
"Getting a degree on management may be an additional feather for an entrepreneur.
In my perception, understanding about managerial concepts, context of management,
specific subjects and functions help aspirations to understand things more easily
and clearly also a person can relate everything they learn with the reality
of organisations and understand how organisations really work," he sums
up.
Overcoming roadblocks
He calls roadblocks stepping-stones which have sharpened his skill and enhanced
his productivity. "I had decided not to entertain part time doctors in
my hospital. But it was very difficult to appoint full-time doctors," he
remembers.
Any corporate hospital take a lean period of five years to break even, but at
that time, the bankers were not flexible. "So, we faced losses in the first
five years and we were not able to pay the dues to the financial institutions
after meeting the statutory and basic expenses. At that time, we adopted turnaround
strategies and our joint effort took the hospital to gigantic height,"
says he.
Initially, getting patients was an uphill task. We made some efforts to
create fame. The domain was not built in a day," adds he.
Tips for entrepreneurship
"The question that every start-up must ask itself is what is the problem
that this idea is trying to solve? Very often there is no problem to solve or
the startup is addressing a problem that is not top-of- the-mind for the users,
he opines.
Any organisation is only as good as the people that it employs and that
is even more so for a start-up. Often due to time pressure and lack of patience,
sub optimal personal are hired and nothing can be worse than not having the
right team in place to executive against the strong idea that the team started
with. Often start-ups stretch themselves too thin and start focusing on too
many opportunities. Even worse is when the founding team spends their team raising
money, taking focus away from building the product / service," suggests
Dr Sethuraman.
An entrepreneur that he admires in healthcare
Dr G Venkatasamy, Founder, Aravind Eye Hospital and a renowned ophthalmologist
was a major source of inspiration for Dr Sethuraman. "He had an amazing
inner strength, the ability to deal with adversity and had humility and perseverance
and patience in abundance. He remains a spark of inspiration in me. While marching
towards his footpath, I visualise the transition of success over experiences,"
concludes Dr Sethuraman.
The road ahead
"I foresee a lot of activities in the future, mainly launching a TV channel
and opening a medical university. However, there are other things too, which
need my attention, like raising funds for social activities," he exclaims.
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