In the current financial year, 65 to 70 percent of the rooms in private hospitals will be filled. This will increase the income of private hospitals. Last year, an average of 58 per cent rooms were full.
The demand for rooms in private hospitals has been very high amid the increase in cases of COVID-19 infection. Rating agency Crisil said on Tuesday that due to the increase in infection cases, the income of private hospitals will increase by 15 to 17 percent in the current financial year, which is slightly higher than 2020-21.
Crisil said in the statement that due to increase in income, the operating margin of such hospitals is also expected to increase by 1-2 percent to 13-14 percent. Despite this, the margin will remain below 2020-21. The reason for this is that the proportion of treatment for COVID-19 in hospitals was high during this period, while the profit in it is relatively low.
Rooms filled up to 75 percent
Manish Gupta, Senior Director, Crisil Ratings said, “The first quarter of the current financial year will be better on a year-on-year basis due to the second wave of the pandemic in April. During this, 75 percent of the rooms in the hospitals were filled with patients. This is almost double on an annual basis. The main reason for this is the increase in the number of patients admitted to the hospital for the treatment of COVID-19.
Rooms will remain full even after Corona
Gupta said that suppressed demand for non-Covid treatment will emerge after the second wave weakens in the second quarter. He said that in the current financial year, 65 to 70 percent of the rooms in the hospitals will be filled. This will increase the income of private hospitals. Last year, an average of 58 per cent rooms were full. In fact, in the second web of Corona, there was a sudden increase in hospitals. There was panic in many hospitals due to many problems including oxygen and non-availability of beds. However, the matter was gradually brought under control. But it is believed that due to the symptoms of post covid and other diseases, the condition of the hospitals is going to be more or less the same. In fact, there has been a sharp increase in the number of private hospitals in the country in the last few years, but even after this, due to the sudden increase in the demand of hospitals due to Corona, such an environment has become. Experts believe that still a large section of the country turns to private hospitals for treatment.
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