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Hospitals are structurally well placed with momentum expected to continue from a robust Q1 FY23. The momentum is likely to be driven by sequential in-patient volume and, thus, higher In-patient conversion. One important lever could be incremental elective surgeries, due to-
continuum of pentup demand,
post Covid led complications and
higher international patients mix.
International patient mix is expected to improve sequentially although various management commentaries have indicated it to be ~85- 90% of pre-Covid level.
Amid optical initiatives like tele-consultation, digital app based drives for treating patients at remote locations, zoning of patients besides higher focus on insurance/out of pocket payees, we expect the hospitals universe to maintain Q1 FY23 performance trajectory.
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