Surgical cases account for 50%-60% of private hospital revenues and occupancies are now down as the focus is on coronavirus, writes Liza Eustace
Surgical cases account for 50%-60% of private hospital revenues and occupancies are now down as the focus is on coronavirusThough the health-care sector is normally seen as a defensive investment and on the surface should benefit from a health crisis such as the coronavirus pandemic, it is also feeling a significant effect from the lockdown and other remedial measures, which have curtailed most revenues other than those from Covid-19 treatment.
The increasing pressure for surgeries to recommence relates primarily to medically necessary time-sensitive procedures. This includes treatment of malignancies and other potentially life or limb-threatening medical conditions, alleviation of pain, improvement of function and quality of life, and prevention of serious complications of disease progression associated with surgically treated conditions.
The pharmaceutical companies have been less affected. While experiencing a change in demand in various product streams, they have not yet seen significant interruptions to supply chains, despite several logistical hurdles such as border closures, regional lockdowns and flight restrictions. Logistics channels within and out of Europe and the East are presently slower than normal, causing delays in incoming raw materials and finished goods.
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