Private hospitals' operating profit to decline 35-40% in FY21 : Bulletin: Business Today
Business Today

Private hospitals' operating profit to decline 35-40% in FY21

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Rashi Bisaria | October 21, 2020

COVID-19 impact: Private hospitals' operating profit to decline 35-40% in FY21

Private hospitals in India are in a tight spot. A triple whammy of postponement in elective surgeries, revenue loss from highly profitable medical tourism segment, and increasing costs will lead to 35-40 per cent drop in operating profits of private hospitals this fiscal, reveals a CRISIL report. The rating agency has also downgraded credit outlook of private hospitals to moderately negative amidst cash flow challenges in wake of COVID-19 pandemic.

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