Fortis Healthcare reports fall in hospital occupancy due to Covid-19 crisis

The company's diagnostics business also witnessed 75 per cent drop in volumes in April. Patients choose to postpone elective procedures while there was a significant drop in footfalls in OPD

Fortis Healthcare has said that the Covid-19 pandemic led its occupancy in hospital business falling to 29 per cent during April versus 66 per cent in the year-ago period, impacting significantly the revenues, profitability and cash flows.

The company's diagnostics business also witnessed 75 per cent drop in volumes in April. Patients choose to postpone elective procedures while there was a significant drop in footfalls in the outpatient department (OPD).

The inter-state and intra-state movement restrictions impacted both patients and healthcare workers. The complete shutdown of international travel resulted in the cancellation of planned surgeries of international patients.

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