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Despite setting aside 1 in 3 beds for COVID cases, Fortis Healthcare says occupancy, realisations are subdued

Most Fortis hospitals are concentrated in Delhi NCR and Mumbai, where Covid cases are on the decline and price caps are in place. With elective surgeries getting postponed, restrictions on international travel, and limited lockdowns in select States, non-Covid realisations have also taken a hit

August 18, 2020 / 03:50 PM IST
 
 
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Fortis Healthcare, which has seen occupancy levels nosedive due to the sharp fall in elective surgeries, outpatient consultations and stoppage of international patients, has struggled to capture the Covid-19 opportunity. That, too, despite setting aside a major part of its infrastructure to treat patients afflicted by the disease.

The company says the reason for low realisations from Covid-19 is due to the price caps imposed by State governments and the declining trend of cases in the geographies that it operates in.

Of the 3,650 operational beds in its network, Fortis Healthcare has currently allocated around 1,260 beds for Covid-19 patients.

Battered by COVID