Fortis to add 1,300 new beds in existing facilities in the next...

Fortis to add 1,300 new beds in existing facilities in the next 2-3 years

27
0
SHARE


Healthcare, one of the leading hospital chains in the country, is planning to add 1,300 new beds across the country in the next 2-3 years. The hospital chain has said that occupancy levels across its centers have reached around 70 per cent.

is also working on a new digital platform which will be a one-stop solution for all needs. The hospital chain is planning to rope in partners for the digital platform.

Speaking to Business Standard on the sidelines of the inauguration of a 250-bed multispeciality Hospital at Vadapalani, Chennai today Ashutosh Raghuvanshi, MD & CEO, Fortis said that currently the hospital chain operates around 4,700 beds across the country and it plans to add 1,300 new beds in the next 2-3 years.

While refusing to share capex behind the new beds, he said they will come at the existing facilities, so capex will be low. The capex will be funded through internal accruals, said Raghuvanshi.

Last year the company capex was Rs 300 crore, a portion of which included the Rs 250 crore on the new hospital which was inaugurated today. For 2020-21, the company said that it will be conservative on the spending with about Rs 150 crore.

He said that the lockdown had impacted routine work at the hospital at the start of the first quarter. Occupancy levels currently are at around 70 per cent, improving constantly. For Covid beds occupancy is at around 80 per cent, while for the non-Covid beds occupancy levels are at around 50 per cent.

ALSO READ: Fortis Hospital inaugurates 250-bed multispecialty facility in Chennai

Fortis used the pandemic to restructure and make the organisation leaner, worked on various cost initiatives, upgraded the infrastructure, brought some of the outsourced works like radiology in-house to improve profitability. “All these initiatives will help our profitability at the industry level in the two years,” said Raghuvanshi.

He added, Fortis is working on a digital platform, which will be a one-stop solution for The platform is expected to be launched by March-April next year.

During the first phase, all the internal health care offerings of Fortis will be on the platform, in the phase-II it is planning to rope in partners, including diagnostics centers, pharmacies or medicine delivery chains, laboratories,

Fortis Healthcare is one of the largest integrated healthcare service providers in the country that is now part of a leading international healthcare provider –IHH Healthcare Berhad.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



Source link

LEAVE A REPLY