Franchise Radiology Labs – Business Model
1. Introduction
SRL Diagnostics invites healthcare providers, hospitals, and investors to partner in establishing state-of-the-art Radiology Labs under a strategic business model. This partnership aims to enhance diagnostic capabilities, improve patient care, and expand the reach of advanced imaging services.
2. Partnership Models
We offer multiple collaboration models to suit different business needs:
A. Franchise Model
Partner operates the radiology lab under the SRL Diagnostics brand.
Complete support in infrastructure setup, equipment procurement, and operations.
Standardized protocols and training to ensure quality services.
Revenue sharing model based on predefined agreements.
B. Joint Venture (JV) Model
SRL Diagnostics and the partner co-invest in the radiology lab.
Joint management with clearly defined roles and responsibilities.
Profit-sharing mechanism based on investment ratios.
Technology and training support from SRL Diagnostics.
C. Revenue Sharing Model
The partner provides infrastructure, and SRL Diagnostics manages operations.
Investment in high-end imaging equipment is shared or provided by SRL Diagnostics.
Revenue is split based on a pre-agreed percentage.
Ideal for hospitals and healthcare facilities wanting to add radiology services.
3. Services Offered
The partnered Radiology Labs will provide:
MRI (Magnetic Resonance Imaging)
CT Scan (Computed Tomography)
Ultrasound & Doppler Studies
X-Ray & Digital Radiography
Mammography & Bone Densitometry
Interventional Radiology
4. Benefits of Partnering with SRL Diagnostics
✅ Established brand reputation in diagnostics & healthcare.
✅ Access to advanced radiology technology & AI-powered reporting.
✅ Quality assurance with NABL & CAP-accredited protocols.
✅ Expert guidance in business operations & marketing support.
✅ Seamless integration with existing healthcare infrastructure.
5. Partner Requirements
Interested partners should meet the following criteria:
Adequate space & infrastructure (as per SRL Diagnostics SOPs & Guidelines).
Compliance with local regulatory & licensing norms.
Investment capability for equipment & operational setup.
Strong commitment to quality patient care & service excellence.
6. How to Apply
Interested businesses or healthcare providers can connect with us at:
Contact Us 📞 +91-9472 909 606 | 📧 connect@srldiagnostics.in
Let’s build a strong diagnostic network together and revolutionize radiology services!
Did You Already Setup Lab? Just Become “SRL Diagnostics” Partner @ Without Investment.
Setting up a new radiology lab under SRL Diagnostics involves several steps and considerations. Below is a comprehensive outline of the business model, key aspects to consider, and the approximate cost structure.
1. Business Model:
The SRL Diagnostics Radiology Lab will provide diagnostic imaging services to hospitals, clinics, and patients. These services include X-ray, CT scan, MRI, Ultrasound, and other advanced diagnostic techniques. The revenue model will be based on fee-for-service and possibly partnerships with healthcare providers. Below is the detailed breakdown:
Target Market:
Hospitals and Clinics: Partnering with hospitals, private clinics, and healthcare providers to offer diagnostic services.
Direct Patients: Offering walk-in services for imaging tests.
Corporate Tie-ups: Providing radiology services for employee health check-ups.
Revenue Streams:
Per Test Charges: Fees per diagnostic test (e.g., X-ray, CT scan).
Subscription Models: Providing package deals for patients requiring regular testing.
Contractual Agreements: Collaborating with healthcare institutions on a contract basis for imaging services.
Service Portfolio:
X-ray
CT Scans
MRI
Ultrasound
Fluoroscopy
Mammography (if applicable)
Interventional Radiology (if applicable)
Operations Model:
Technician Staff: Trained radiology technologists and technicians will handle imaging equipment.
Radiologists: Experienced radiologists to interpret images.
Quality Control: Ensuring high-quality imaging results through regular calibration and maintenance.
IT & Backend: Digitalization of reports, access through web portals or mobile apps, integration with hospital management systems (HMS).
2. Initial Setup Costs:
Here’s a breakdown of the major costs to set up the radiology lab:
A. Infrastructure Setup:
Space Rental/Real Estate: A dedicated space for the lab, including the diagnostic imaging room(s) and waiting area.
Estimated Cost: Rs.1,00,000 to Rs.3,00,000 per month (depending on location and size)
Interior Design and Equipment Setup: Designing the lab to ensure a smooth flow of operations.
Estimated Cost: Rs.5,00,000 to Rs.15,00,000
Furniture & Fixtures: Reception desk, waiting chairs, lab counters, storage units.
Estimated Cost: Rs.2,00,000 to Rs.5,00,000
B. Radiology Equipment:
X-ray Machine: A basic X-ray machine can cost between Rs.10,00,000 and Rs.50,00,000 based on the technology (digital or analog).
Estimated Cost: Rs.15,00,000 (mid-range)
CT Scanner: High-end CT machines can cost anywhere from Rs.50,00,000 to Rs.2,00,00,000.
Estimated Cost: Rs.1,00,00,000 (mid-range)
MRI Machine: MRI machines are typically the highest cost and can range from Rs.1,00,00,000 to Rs.10,00,00,000.
Estimated Cost: Rs.4,00,00,000 (mid-range)
Ultrasound Machine: Prices range from Rs.2,00,000 to Rs.20,00,000.
Estimated Cost: Rs.10,00,000 (mid-range)
Mammography Machine (Optional): For specialized imaging, this could cost between Rs.50,00,000 and Rs.2,00,00,000.
Estimated Cost: Rs.1,00,00,000 (if applicable)
Other Small Equipment (e.g., ECG, Fluoroscopy, etc.):
Estimated Cost: Rs.2,00,000 to Rs.5,00,000
C. IT Infrastructure and Software:
PACS (Picture Archiving and Communication System): Software to store, manage, and share diagnostic images.
Estimated Cost: Rs.10,00,000 to Rs.30,00,000 (depending on scale)
HIS (Hospital Information System): Integration for patient management and test data collection.
Estimated Cost: Rs.5,00,000 to Rs.20,00,000
Backup & Data Storage: Servers, cloud storage solutions.
Estimated Cost: Rs.5,00,000 to Rs.10,00,000
Digital Report Management System: Software to handle report generation and sharing.
Estimated Cost: Rs.2,00,000 to Rs.5,00,000
D. Staff Hiring:
Radiologists: Experienced professionals to read and interpret the images.
Salary Range: Rs.1,00,000 to Rs.5,00,000 per month (depending on expertise)
Radiology Technicians: Trained professionals to operate diagnostic machines.
Salary Range: Rs.30,000 to Rs.80,000 per month (per technician)
Admin & Support Staff: Front desk, billing, and technical support.
Salary Range: Rs.20,000 to Rs.50,000 per month
E. Regulatory & Legal Compliance:
License and Permits: Legal approvals, certifications, and licenses for operating medical diagnostic services.
Estimated Cost: Rs.2,00,000 to Rs.5,00,000
Insurance: Coverage for equipment, staff, and liability.
Estimated Cost: Rs.5,00,000 to Rs.15,00,000 annually
3. Operating Costs:
Maintenance and Calibration: Regular upkeep of the diagnostic equipment to ensure smooth operation.
Estimated Cost: Rs.5,00,000 to Rs.10,00,000 annually
Consumables and Supplies: Items like films, contrast media, etc.
Estimated Cost: Rs.1,00,000 to Rs.5,00,000 annually
Marketing and Branding: Promotions for local visibility and marketing efforts.
Estimated Cost: Rs.2,00,000 to Rs.5,00,000 annually
Utilities and Other Overheads: Electricity, water, internet, etc.
Estimated Cost: Rs.5,00,000 to Rs.10,00,000 annually
4. Revenue Projections:
Assuming an average diagnostic test price:
X-ray: Rs.500 to Rs.2,000 per scan
CT Scan: Rs.5,000 to Rs.20,000 per scan
MRI: Rs.7,000 to Rs.30,000 per scan
Ultrasound: Rs.1,000 to Rs.5,000 per scan
If the lab performs an average of 20-50 tests per day (depending on scale), you can calculate the monthly revenue.
Approximate Total Initial Investment (Setup Cost):
Low-End Setup: Rs.2,50,00,000 to Rs.5,00,00,000
High-End Setup: Rs.10,00,00,000 to Rs.15,00,00,000
5. Return on Investment (ROI):
Typically, ROI for a diagnostic radiology lab is realized over 2-3 years, depending on the scale, location, and market demand. Your breakeven point will depend on volume, partnerships with hospitals, and direct patient footfall.
By focusing on quality, fast turnaround times, and strong partnerships, the SRL Diagnostics radiology lab can establish itself as a reputable player in the medical diagnostic space.
Would you like to dive deeper into any specific section or need help with further planning or financial forecasts?