- The business is a referral/ central laboratory in Muscat .
- The total investment already made by us as the owners is in the tune of USD 300,000
- The lab is operational since the last 2 months and has achieved all its estimated goals till now.
- Presently there are only 2 laboratories that are a central laboratory in the true sense. When we say true sense we mean that the laboratory is not sending all tests to centres outside the country but are doing majority tests here in the country and referring only some specialist tests outside.
- It is the need for the hour to have a fully specialised Laboratory to do tests here and also be able to deliver results for treatment to start in the shortest time span.
- Presently tests are being sent out of the country thereby having turn around time of 2-3 weeks before right treatment can be started for the patient
- After analysing the market we saw a huge opportunity in this business model.–We have opened a centre for Pathological tests with major tests being done in-house which will reduce the Turn Around time for the doctors from days to Hours.–We plan to Open of collection centres in and around the city of Muscat in the 4 wilayats will prove to be a definite advantage as there is a lack of these services in the interiors.–Collection centres in Nizwa, Sur, Sohar, Ibri, Ibraand other surrounding areas is a great opportunity for the business.
- Achieving a target of 200 samples per day over a period of one year and then taking it to 250 to stabalise is not an un-achievable target keeping in mind the volumes being done by other referral labs and single labs in the city.Labs presently are still highly priced and our pricing structure which is to be 50% cheaper than a hospital and 20% more cost effective than a lab in the city shall help in achieving our target without any trouble
TARGETS ACHIEVED AS PER PROJECTIONSBuying of all state of the art machinery Starting the laboratory in record time of 6 months Hiring of Lab Technicians and having them licensed Tie up with a CAP accredited laboratory for Genetic and high end testingHaving a very senior Pathologist on our panel for reporting Signing on 4 & 10 clinics in the first two months of operations Achieving a sale of USD 5000 and USD 7000 in the first 2 months of operations