Stock Market Today- Fortis Healthcare gains more than 2% on Thursday adding to around 50% gains seen in the last one year. Analysts expect more gains led by rising average revenues per operating bed and multiple levers to support margin improvement leading to improved earnings outlook.
Hospital chains in India are experiencing a rise in average revenue per operating bed (ARPOB) and a decrease in average length of stay (ALOS) for patients. This has resulted in improved operational performance and higher valuations on the stock market. However, patients are facing increased treatment costs, even with shorter hospital stays, due to medical inflation and rising expenses for hospitals.