Page 13 - Hospitals

MSME hospitals in the pink of health; revenue, margins to remain healthy

Revenue and margins to remain healthy next financial year, too

'Cashless everywhere' may cut claims cost, say insurance companies

The 'Cashless Everywhere' initiative aimed at making cashless treatment available for policyholders even in non-empanelled hospitals registered under the Clinical Establishment Act

Cashless treatment facility to be available across hospitals, says GIC

Currently, only 63 per cent of customers avail cashless treatment, whereas the remaining 47 per cent opt for reimbursement claims

Aster DM Healthcare shareholders approve proposal to hive off Gulf biz

Hospital chain Aster DM Healthcare on Tuesday said its shareholders have approved the proposal to hive off its Gulf business in a deal valued at USD 1.01 billion. The proposed resolutions were passed with the requisite majority by shareholders on January 22, the company said in a regulatory filing. Over 99 per cent of the votes polled were in favour of the deal, it added. On November 28 last year, Aster DM Healthcare announced that it would separate its India and Gulf businesses by way of a deal worth over USD 1 billion. The company stated that it has received approval from its board and subsidiary Affinity Holdings Pvt Ltd to separate the India and GCC businesses into two distinct and standalone entities. Under the separation plan, Affinity entered into a definitive agreement with a consortium of investors led by Fajr Capital, a private equity firm headquartered in the UAE, to invest in Aster's GCC business. Upon completion, the separation of the India and GCC businesses will ..

Murugappa Group's CSR subsidiary AMM Foundation completes 100 years

Established a century ago, the AMM Hospital, known locally as the 'oru ruba' (one rupee, which is the fee charged from patients) hospital, has been a beacon of quality healthcare for local community

Active Covid cases hit one-month low, shows health ministry data

Doctors say JN.1 not the only reason for Covid spike last month

Central govt hospitals in Delhi to remain closed till 2:30 pm on January 22

All four Central government-run hospitals, including AIIMS and Safdarjung Hospital, in Delhi will remain closed till 2:30 pm on January 22, on the occasion of the consecration ceremony at Ram temple, but critical and emergency services will be functional. According to an official notice by AIIMS, Delhi, the central government has declared January 22 as a half-day holiday till 2.30 pm. It is notified for information of all the employees that the institute will remain half day closed till 2.30 pm on January 22. All Chiefs of Centres, Heads of the Departments, Units and Branch Officers are requested to bring this to the notice of all staff working under them, it said. "...all critical clinical services shall remain functional," it said. All appointments are being rescheduled and critical clinical services will remain functional, an AIIMS official said. If any patients come, we will try to accommodate them. Evening OPDs will be functioning, the official said. According to a circular

Israeli tanks renew push towards biggest hospital still working in Gaza

People inside Khan Younis' Nasser Hospital, forced to house displaced Gazans as well as patients, reported hearing shellfire from tanks advancing into the west of the city

Pvt hospitals projected to add 30,000 beds over next 5 yrs: ICRA

The projection indicated a rise in capacity building and occupancy, translating into a year-on-year (Y-o-Y) revenue growth to the tune of 12 to 14 per cent in FY24

Expect private hospitals to invest Rs 32,000 cr, add over 30,000 beds: ICRA

Private hospital chains are expected add over 30,000 beds at an investment of Rs 32,500 crore in the country over the next four to five years, rating agency Icra said on Wednesday. It expects the aggregate occupancy for its sample set companies to remain healthy at 64-65 per cent in FY24 backed by sustained healthy demand for healthcare services, continued market share gains for organised players and revival in medical tourism after the pandemic. "Overall, most private players are expected to add over 30,000 beds in the next four to five years at an investment of Rs 32,500 crore," ICRA Assistant Vice President & Sector Head Mythri Macherla said. Metro cities are expected to remain focal points for this capacity expansion, she added. Centres such as Delhi-NCR, Mumbai, and Bengaluru are expected to witness sizeable bed additions in the next few years, Mythri said. In addition to setting up new greenfield and brownfield facilities to enhance their capacities, hospital chains are also

Fortis Healthcare plans acquisitions, may opt for neutral brand name

We have taken a calculative view that at least for SRL, we have moved to the Agilus brand, and we have successfully completed that last year, said CFO of Fortis Healthcare

Delhi govt issues show-cause notice to LNJP for not admitting injured man

The Delhi government has issued a show-cause notice to the LNJP Hospital authorities asking them to terminate the services of a senior resident doctor, days after the death of an injured man who was allegedly denied admission at four different hospitals. A similar show-cause notice was issued by the health and family welfare department of the Delhi government to the Guru Teg Bahadur (GTB) Hospital authorities asking them to terminate the services of a senior resident doctor. Pramod, 47, who was arrested after a 21-year-old woman alleged that he had molested her in an inebriated state, died of the injuries he suffered after jumping out of a moving police van on January 3, a senior officer said. He was allegedly denied admission by four government hospitals, including three Delhi government-run facilities, due to unavailability of beds or equipment, a senior officer had said earlier. Officials said a meeting was also held with medical directors and medical superintendents of all Delh

Going viral: How is the pharma market coping with Janaushadhi Kendras?

Janaushadhi Kendras sell generic drugs that are priced 50 to 60 per cent lower than the popular brands

PMO imposter case: CBI files charge sheet against Ahmedabad-based person

The CBI has filed a charge sheet against Ahmedabad-based Maayank Tiwari who allegedly posed as a high-ranking official of the Prime Minister's Office to force an eye hospital chain to forfeit more than Rs 16 crore owed to it by an Indore-based hospital under a legal dispute, according to officials. After a nearly three-month-long probe, the CBI filed the first charge sheet in the case in a special CBI court here. In October, the agency had carried out searches at several locations, including Ahmedabad and Indore, during which a number of documents were seized. Tiwari had allegedly called and sent messages from his mobile phone, asking the promoters of Dr Agarwal's - a chain of eye hospitals - to settle a dispute with the hospital in Indore, which allegedly had to return Rs 16 crore to the hospital chain, according to the charge sheet. It is alleged that Dr Agarwal's had entered an agreement with two doctors who ran the Indore-based hospital to join the franchise for which over Rs 1

India reports 12 Covid-19 deaths, active cases remain above 4,000

The country has recorded 72 deaths across twelve states and union territories due to the Covid-19 infection since December 17, with Kerala reporting the most deaths at 33

Investor perception about Aster DM Healthcare is 'very upbeat': CEO

Group will avoid being 'one of those players' with a token presence through a single hospital, says Nitish Shetty

Medway Hospitals raises $5m in funding round led by Kyra Ventures

Chennai-based group operates eight multi-multispeciality hospitals that provide range of services

Health Ministry gives patients right to refuse ICU in new guidelines

The guidelines were compiled by a body of 24 experts having different levels of expertise in critical care medicine

IDF uncovers Hamas' tunnels inside, around multiple hospitals within Gaza

The tunnel shafts, that the Hamas fighters used are dozens of metres deep and are linked by an underground network that runs beneath the hospital and into Gaza City

New Delhi: Lady Hardinge Hospital reserves 48 beds for Covid patients

Apart from this, six ICU beds and a ward with 30 beds have also been reserved for Covid patients in the new building of Lady Hardinge Hospital