Bitter Pill
Forbes India|September 11, 2020
With patients staying away due to the panic created around contracting Covid-19, top hospitals are losing crores from postponement of elective surgeries and check-ups
POOJA SARKAR
Bitter Pill

Hospital bills running into lakhs for Covid-19 treatment have often made headlines over the last few months, leading to a public perception that health care companies are minting money out of a crisis. But the latest quarter results of a number of top hospitals indicate otherwise.

Most of the top listed health care companies have ended up in red for the April-June quarter: While Apollo Hospitals, the largest by market capitalisation, is yet to report its results, the others on top—Fortis Healthcare, Narayana Health and Aster DM Healthcare—reported losses. In some cases, revenues from operations and profits had started falling or were flat during the end of March quarter too.

Take Fortis Healthcare Ltd (FHL) and its listed subsidiary Fortis Malar Hospitals Ltd; both reported losses for the quarter. FHL’s consolidated revenue from operations stood at ₹606 crore during the June-ended quarter as compared to ₹1,138 crore during the corresponding period last year, a drop of 47 percent. It recorded losses of ₹188 crore against a profit of ₹78 crore for the same period last year, while its hospital occupancy during the quarter was at 37 percent as against 66 percent in FY20.

Fortis’s average revenue per occupied bed (ARPOB), a metric hospitals closely look at, stood at ₹1.51 crore during the quarter as against ₹1.58 crore during the same period last year, which means patients are paying less than before. Fortis Malar’s revenues dropped by 70 percent on a year-on-year basis and stood at ₹9.43 crore.

Esta historia es de la edición September 11, 2020 de Forbes India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 11, 2020 de Forbes India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FORBES INDIAVer todo
Home-Cooked Meal Is Now Greatly Valued
Forbes India

Home-Cooked Meal Is Now Greatly Valued

The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients

time-read
8 minutos  |
May 21, 2021
Paytm 3.0 - Reaching Near Breakeven In Two Years
Forbes India

Paytm 3.0 - Reaching Near Breakeven In Two Years

As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years

time-read
10+ minutos  |
June 4, 2021
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Forbes India

THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN

Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse

time-read
8 minutos  |
May 21, 2021
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Forbes India

LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE

Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment

time-read
7 minutos  |
May 21, 2021
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Forbes India

PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST

Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground

time-read
9 minutos  |
May 21, 2021
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
Forbes India

INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR

While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term

time-read
8 minutos  |
May 21, 2021
DIGITALISATION WILL HELP IN VALUE CREATION
Forbes India

DIGITALISATION WILL HELP IN VALUE CREATION

As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India

time-read
8 minutos  |
May 21, 2021
Industry 4.0: Climate Revolution?
Forbes India

Industry 4.0: Climate Revolution?

Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent

time-read
10 minutos  |
June 4, 2021
EV Dream Still Miles Away
Forbes India

EV Dream Still Miles Away

Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure

time-read
6 minutos  |
June 4, 2021
Living Waters
Forbes India

Living Waters

A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet

time-read
4 minutos  |
June 4, 2021