CEO Insights Magazine

Dr. Kaung Myint Mo

CEO

When it comes to the success of a business, the role of a CEO is pivotal in shaping the direction and success of a business. As the highest-ranking executive, a CEO serves as the visionary leader, responsible for defining a company's mission, values, and overall strategy. They play a crucial role in decision-making, setting goals, and ensuring the effective execution of plans. Instrumental in fostering a positive organizational culture, CEOs also promote innovation and navigate the company through challenges and opportunities. Additionally, they often serve as the face of the organization, representing its values and commitments to stakeholders, investors, and the public.

Dr. Kaung Myint Mo, CEO of Royal Care Plus is a dynamic leader who is taking the center stage in steering the company's course within the healthcare sector. An industry veteran, Dr. Kaung plays a crucial role in defining and implementing strategies that align with the company's vision, ensuring the delivery of quality healthcare solutions, and driving Royal Care Plus towards continued growth and success. His leadership style, experience, and strategic insights are likely to contribute significantly to the company's impact in the healthcare industry. Let’s hear more from him in this one on one interaction.

Could you share a brief overview of your professional journey and the driving forces behind your daily routines?

Certainly! To begin my professional journey, I transitioned from practicing medicine to pioneering healthcare management solutions. After obtaining a Bachelor of Medicine and Bachelor of Surgery, my early years as a Medical Officer in Myanmar laid the groundwork. Subsequent Cardiology training in Hyderabad, India, and a Cardiology fellowship in Myanmar, coupled with the challenges of the MRCP exam, fueled my thirst for knowledge.

In 2019, I co-founded Win Hospital in Myanmar, where I assumed the role of Clinical Director. This marked a shift from clinical practice to healthcare management, sparking a passion for addressing industry challenges. This passion culminated in the establishment of Royal Care Plus in 2021, dedicated to optimizing medical supply chains. Over the past three years, the company has successfully provided evidence-based medical products, ensuring accessibility across all socioeconomic levels.

Taking the vision further, after years of planning, 'TRAVELPATIENT,' an innovative platform integrating medical inquiries and tourism, is set to launch in 2024. This initiative underscores my commitment to bridging gaps in healthcare accessibility. Fueled by a desire to simplify processes and improve lives, I am at the forefront of reshaping healthcare landscapes in Myanmar. This vision serves as a daily motivator, driving me to give my best.

Describe Royal Care Plus as an organization and its standing in the market.

Guided by my vision, Royal Care Plus is positioned as a trailblazer in shaping the future of health. We bring forth numerous innovative concepts in hospital start-up management, medical product distribution, and healthcare IT solutions, aiming to simplify and expedite access to medical necessities for patients. Within a span of three years, we have emerged as a rapidly expanding presence in Myanmar's healthcare market. However, our journey is still in its infancy, with the ultimate goal of becoming the preferred destination for all medical requirements within a comprehensive supply chain.

As the CEO, what factors do you consider when formulating effective corporate growth strategies for the company?

At Royal Care Plus, our success is grounded in core values such as teamwork, discipline, honesty, respect, and clear communication. Under the guidance of experienced department heads, we place a strong emphasis on the continual growth and development of each team member through educational initiatives, contributing significantly to our overall success. With a workforce of over 70 professionals nationwide, the company's achievements are bolstered by the enduring leadership of over 90 percent of our original team members.

Our central team in Yangon has successfully implemented efficient distribution, reporting, and financial systems, ensuring a seamless product flow across the country. Since the company's inception, our emphasis on doctor networking has played a pivotal role in promoting our scientific products nationwide, with a network of over 1500 specialists. This network remains crucial for the future of our company.

How is the team constructed, and what measures do you take to guarantee they provide a smooth experience in supplying medical products and nutritional supplements to customers?

By prioritizing the delivery of maximum value to patients, I cultivate a robust sense of teamwork by promoting education and fostering camaraderie within my team. This approach ensures that every team member comprehends and actively contributes to the company's vision, thereby paving the way for sustained success.

Share insights into your leadership approach. What principles or methodologies guide you as a leader?

Within the healthcare sector, emphasizing the highest value for patients is paramount for achieving enduring success. By concentrating on providing exceptional value to both patients and the community, our company positions itself as a leader with a commitment to sustainability. The foundation of this success lies in cultivating a knowledgeable and cohesive team that shares a unified vision. Through investments in education and the cultivation of robust relationships within our team, including junior members, we ensure that everyone comprehends and collaboratively works toward the company's objectives, propelling us efficiently toward our goals.

What future destination are you aiming for?

Looking ahead, our objective is to transform into a comprehensive supply chain for all medical needs. Through extensive surveys spanning various development sectors, we are embracing the IT-centric characteristics of this century to enhance accessibility and efficiency in healthcare. In the coming years, our company is poised for substantial growth, shaping a future where healthcare needs are met effortlessly through innovation.

Considering your robust professional experience, what advice would you offer to emerging industry leaders?

In the realm of entrepreneurship, I believe that your professional background holds utmost significance. Whether rooted in healthcare or engineering, carving out your identity within a specific industry lays the groundwork for building a robust network and gaining valuable experience. Highlighting your expertise and accumulated experience is crucial, as it serves as the bedrock for fostering innovation. Commitment to your profession will inevitably lead to recognition and success on your entrepreneurial path.

Dr. Kaung Myint Mo, CEO, Royal Care Plus

Dr. Kaung Myint Mo, CEO of Royal Care Plus is a dynamic leader who is taking the center stage in steering the company's course towards success within the healthcare sector.