Vice Chairman’s Report Dear Friends, I am very pleased to report that 2007-2008 was another year of continued growth and strong performance for Meenakshi Mission Hospital and Research Centre. Our commitment to the hospital is the guarantee of quality and we are proud of the changes that have been brought about by MMHRC team. Along with the commitment of all of our medical colleagues and the great team of people, MMHRC will continue to meet and exceed standards required by the Health care providers and the Indian Council on Healthcare Standards to achieve our stated goal of making MMHRC the best. The patient occupancy rate was above 95% over the year. We have successfully completed 'D wing' project, which ensures more patient flow and bed occupancy with streamlined efficacy and still we are in expansion of our building. When we consider the strong fundamentals of Indian private hospital industry, MMHRC's pipeline of expansion projects and quality in patient care delivery systems at home and abroad has very well positioned it for future growth. Proudly we can say that our lab is on par with International standards. We strive hard to get 5 S certification for quality maintenance. This year is the tremendous year for MMHRC performance. The 21st National Convention on Quality Circles at Kolkata has awarded our hospital for QCFI – Canara Bank Award – 2007 for Service Sector Organization, Excellent Award for 'ROSE QC', Distinguished Award for 'GEM QC. It is my pleasure to say that MMHRC is under NGO accreditation from “The Credibility Alliance”. We are in the process of obtaining “NABH“ certification. In the fiscal year 2008, we expect new projects, services and specialists, equipments & technology, ambience and service quality and continue to prove well to deliver growth and earnings progressively toward the end of the year and beyond. The skilled nurses, technologists and administrators at MMHRC, aided by state-of-the-art equipment provide a congenial infrastructure for the medical professionals in providing health care of International Standards. Looking ahead, I am optimistic and excited about MMHRC's future. Our growth potential is underpinned by very strong industry fundamentals, led by growing private health insurance, an ageing population and high quality suite of assets. Over the coming year, the hospital will continue to invest in growth and additional acquisition opportunities in the private hospital sector, as well as actively explore ways to leverage our management expertise in related markets within wider health care environment. The success and eminence of MMHRC began as the dream of one man extended to be transformed into the dream of many. We strive to accomplish our dreams and goals to bring greater effulgence in the future. I would like to thank our doctors, our employees, bankers, suppliers and all our stakeholders for their hard work and commitment and their ongoing support to achieve our Vision : “ No man is too poor to afford first grade medical treatment”.
Dr. S. Gurushankar Vice Chairman