Health services to grow by 20% in FY13: Survey

After growing at over 18% in 2011-12, health services sector revenues are expected to grow at a faster clip in the next fiscal on the back of higher hospital occupancy levels and sales per occupied bed.

"During 2011-12 and 2012-13, sales are expected to grow by a healthy 18.6% and 20.5% respectively on the back of higher occupancy levels in hospitals and revenues per occupied bed," the survey said.

According to survey, which was released today, the healthcare sector grew by 25.4% in 2010-11.

The survey, however, noted that major cost components like salaries and wages and other operating expenses are expected to grow at a faster rate of 21.7% and 21.1%, respectively.

The document said the profit after tax (PAT) of the sector will decline by 24% this fiscal.

"The profit after tax (PAT) of the sector is expected to fall by 24% in 2011-12 and grow by 17% in 2012-13," it said.