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Coronavirus has made a deep dent in the revenues of Indian hospitals big and small

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Coronavirus has made a deep dent in the revenues of Indian hospitals big and small
India’s leading listed private hospitals have started filing financial results for the first quarter and the impact of Covid-19 is clear to see.
Most people postponed their elective surgeries during the Covid-19 lockdown
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Xavier Galiana/AFP
Max Healthcare tweeted a rate card in June indicating the minimum cost of various Covid-19 treatments at one of its Delhi hospitals. The cost for the intensive care unit with ventilator was set at Rs 72,500. Eight days later, the Delhi government said that private hospitals in the national capital could not charge more than Rs 18,000 for ICU with ventilator – Rs 54,500 less than Max Hospital’s rate card price. Meanwhile, Covid-19 treatment in a government hospital is largely free.

BBMP Notice to 36 Pvt Hospitals in Bengaluru for Not Allocating 50% Beds for Govt-referred Covid Patients

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»BBMP Notice to 36 Pvt Hospitals in Bengaluru for Not Allocating 50% Beds for Govt-referred Covid Patients
1-MIN READ
BBMP Notice to 36 Pvt Hospitals in Bengaluru for Not Allocating 50% Beds for Govt-referred Covid Patients
Thirty-six private hospitals in Bengaluru have been show-caused for not making available 50 per cent of the mandated number of beds for government-referred patients.
The private hospitals have now been given 48 hours to file compliance report to the BBMP commissioner failing which action would be initiated against them.
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The Bruhat Bengaluru Mahanagar Palike (BBMP) on Wednesday issued show-cause notices to 36 private hospitals in the city for not making available 50 per cent of the mandated number of beds for government-referred coronavirus-infected patients.

Life at XIME


Life at XIME
Updated 6 days ago
About this group
Learn more about the life at Xaviers Institute of Management & Entrepreneurship (XIME). Feel free to ask questions and comment.
Life at XIME
Learn more about the life at Xaviers Institute of Management & Entrepreneurship (XIME). Feel free to ask questions and comment.
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Here's what mutual funds bought & sold in January; do you own any?

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Here's what mutual funds bought & sold in January; do you own any?
Among largecaps, Piramal Enterprices, Havells India, NMDC, Power Grid, and United Spirits witnessed the highest buying
Sunil Shankar Matkar
February 14, 2020 / 10:07 AM IST
The benchmark indices hit a record high in mid-January due to the run-up ahead of Union Budget, but the correction towards the end of month wiped out those as well as the previous month's gains.
The major reason - the widespread Coronavirus (death toll in China around 1,300). The novel coronavirus has dented global sentiment, including in India. At the end of January, Sensex had fallen more than 500 points and Nifty50 was below the psychological 12,000-mark.

ICRA Analysis: Hospital sector performance on the growth path after two years of subdued performance

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ICRA Analysis: Hospital sector performance on the growth path after two years of subdued performance
Posted On:
2019-12-26 06:55:00
- Aggregate revenues of companies in sample set grew by a healthy ~14% on a Y-o-Y basis in Q2 FY2020 over Q2 FY2019; EBITDA grew by a robust ~38% and EBITDA margin improved from 13.0% to 15.7%
The Hospital sector has come out of troubled times after more than two years of subdued performance on account of several regulatory measures. As per ICRA analysis, during Q2 FY2020 the aggregate revenues of companies in its sample set[1] grew by a healthy ~14% on a Y-o-Y basis, from Rs. 4,206 crore in Q2 FY2019 to Rs. 4,807 crore in Q2 FY2020. The EBITDA grew by a robust ~38%, from Rs. 547 crore to Rs. 757 crore, and the EBITDA margin improved substantially from 13.0% to 15.7% during the same period on account of better revenues and; the positive impact of implementation of IndAS 116.

Leading private hospitals likely to grow 10-12% next year

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Leading private hospitals likely to grow 10-12% next year
ICRA which studied the revenues of top six listed hospitals for the second quarter of FY20, said the aggregate revenues of these companies grew 14 per cent year-on-year to Rs 4,807 crore
PB Jayakumar | December 25, 2019 | Updated 00:31 IST
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After two years of muted growth and regulatory challenges, India's hospital sector is now on a growth path and is likely to continue the momentum in the coming year. The hospital sector, which posted the best growth in revenues and earnings before interest, tax, depreciation and amortisation (EBITDA) in the second quarter of FY20 since the first quarter of FY17, is likely to report a 10-12 per cent growth in revenues in short-to-medium term during the new year, said credit rating and industry analysis firm ICRA.

4 hospitalised forfirecracker burns | Mysuru News

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MYSURU: Over the past two days, four persons, including a 17-year-old boy undergoing treatment at KR Hospital Burn Injury Ward here, suffered injuries due to negligence while bursting crackers.
Dr Kausthubha, working in the Out Patient Department where cases are first reported, said, “Since Monday, we got four cases, three on Tuesday alone. These are all due to negligence while bursting crackers. It’s always adviceable to be doubly careful while bursting crackers.”
She added: “The four cases include Bhavya, 30, whose eye was injured, Darshan, 17, of Harve village in Hunsur whose eyes and face were injured, Syed Asif of Kolar whose eyes were injured and Manish, 5, whose hand was injured,” she added.

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