Lanka Hospitals adjudged 1st runner up at CIMA Business Case Awards 2013
Lanka Hospitals was adjudged 1st runner up at the recent CIMA Business Case Awards 2013 held in Colombo, for its case study on ‘A Thriving Business Model in the State Sector - the Lanka Hospitals Story.’
Chaaminda Kumarasiri – Chief Financial Officer, Ms. Dinupa Peiris – Management Accountant and Ms. Gayani Kahandawala – Management Accountant were among the team that spearheaded the case study for Lanka Hospitals, the hospital company said.
The CIMA Business Case Awards is a competition that recognises organisational success and turnarounds, whilst identifying what drove such outcomes. This year corporates were invited to compete in the business arena, submitting business cases on ‘ground breaking’ initiatives which have built and sustained success, whilst beating competition.
“The case study by Lanka Hospitals clearly detailed how the business model of a poorly performing private sector entity was completely revolutionized when it came under the ownership of the state sector and how the negative perceptions of the public towards state sector entities were successfully managed. The case study clearly showcased with factual evidence how Lanka Hospital faced this challenge successfully and ultimately delivered superior business performance within a short span after coming under state control,” the statement said.
Speaking about this accolade Lanka Hospitals CEO Lakith Peiris praised the diligence and commitment of the team that worked on the case study while highlighting the important role played by all staff in maintaining the highest standards so that patients are afforded the best possible clinical outcome. “This is a fantastic ach- ievement by Lanka Hospitals in securing the runner up position at this flagship event from over 30 applicants”.
CFO of Lanka Hospitals who was also the Team Leader for the Business Case Study, Chaaminda Kumarasiri said; “When we got together to look at options for the Business Case we realized it’s not any element in isolation that has contributed to the success and we observed there are many unique features in the Lanka Hospitals’ Business Model. We decided to unfold these unique features for any organization that seeks business excellence to review and adopt accordingly. The main point we wanted to stress is ‘being in the state sector is not a hindrance for business excellence as long as you have the right recipe in your Business Model”.