Corporate hospitals expect double-digit revenue growth in FY22: Icra

Blended occupancy of Covid and non-Covid patients was 64.2% in Q1FY22 as against 36.9% in Q1FY21 and 58.8% in Q4FY21. Therefore, the growth is not just on a low base, but also sequential

The corporate hospital sector, which witnessed a spike in occupancies during the first quarter of the fiscal year thanks to Covid-19 cases, is now banking on elective procedures to achieve a double digit revenue growth in FY22, showed a latest study by credit rating agency Icra.  

What is interesting is that the sector expects to have better operating margins in FY22 compared to FY20.

The blended occupancy level of Covid and non-Covid patients in the Icra sample set was 64.2 per cent in Q1FY22 as against 36.9 per cent in Q1FY21 and 58.8 per cent in Q4FY21. Therefore, the growth is not