Published Paper Details:

Hospitals play a vital role in delivering healthcare services to communities. Hospitals are unique facilities that rely on numerous specialized and sometime complex systems to deliver healthcare services to patients. Indian hospitals are run by the private sector as well as the government sector, although there is lack of cost information from the hospitals. Costs of operations and maintenance (O&M) are important part of the Life cycle costs. This research describes framework for development of model for predicting Annual costs of Operations and Maintenance Cost for Hospital Building. It is essential for managers, to recognizing the O&M cost of Hospitals. The framework would be beneficial for the hospital administrators to have an understanding of their cost structures, control over their expenditure in the area of O&M expenses and also help in efficient functioning of the facilities. With this process of developing a cost prediction model, the predictions and the budgeting for the upcoming years during the operational period of hospital will become easier. The framework is applied on various Private Hospitals in India to check the suitability and applicability of the study.