| Have you ever wondered why malls are so | | | | Here is the list of the different types of retail |
| successful especially around the Christmastime? The | | | | reimbursed health care." |
| answer is, malls come as a blessing if you need | | | | Due to this ever growing numbers now several |
| several items as they offer an assortment of varied | | | | hospitals are catching on the concept of retail medicine. |
| type of items all under one roof. The mall idea has | | | | Services in healthcare settings:o catering serviceso |
| been largely taken by the hospitals who offers | | | | retail clinicso optical and contact lenses storeso dental |
| convenience to clientele through retail within the hospital | | | | and orthodontic serviceso hearing serviceso pharmacy |
| itself. This is indeed the secret of the successful | | | | and supplement needso healthy food marketso |
| concept of retail medicine. And, in recent tight | | | | prosthetics serviceso specialty cancer shopso new |
| economic times, when hospitals are faced with the | | | | mom shopso cosmetic surgery centerso health library |
| challenge of increasing revenue retail medicine has | | | | and book stores and many more... |
| offered them with the desired O2 in order to survive. | | | | The retail healthcare industry is nowadays being |
| The typical concept of retail medicine ideally refers to | | | | estimated at$500 billion in revenues and is also |
| the health care related products which are usually | | | | projected to reach at $1 trillion dollars. The retail |
| offered by the hospital, which are not covered by | | | | healthcare industry has an immense future and is |
| insurance. Reports unveil that the, "average hospital | | | | expected to grow further. Here comes the million dollar |
| makes $500,000 annually from retail such as gift and | | | | question "what should we be asking as you put |
| coffee shops, but has the potential of $5 million to $15 | | | | together a hospital retail strategy?" The answer is a |
| million annually with the extended retail medicine. The | | | | razor-sharp concentration on the consumer. The |
| return on investment is higher in retail than in | | | | marketing department for the retail healthcare should |
| reimbursed health care, with 15 percent to 20 percent | | | | focus on every detail from store design to convenient |
| returns in retail, compared with 2 percent to 3 percent | | | | placement of the stores within the hospital to add |
| return in | | | | value to your consumers. |