Non-Covid services may boost hospital SMEs in FY23: CRISIL SME Tracker

Small and medium enterprises (SMEs), which account for 60-65 per cent of the health care delivery market, stand to benefit from the improvement

CRISIL MI&A Research expects the revenues of hospitals and nursing homes to grow by a healthy 13-18 per cent year on year in the current fiscal year (FY23) too, after a high optical growth of 25-27 per cent in FY22 owing to the low base of 2020-21 (FY21).

Growth will ride on revival in demand for non-Covid-19 treatments — or regular services such as elective surgeries, outpatient department and other treatments — along with price hikes by health care providers, which will increase average revenue per operational bed.

Small and medium enterprises (SMEs), which account for 60-65 per cent of the health