COVID booster shots to help vaccine revenue uptick; increasing online diabetic clinics: Narayana Health

She said, "Like every other hospital chain, we have also been looking at various initiatives. We continue to invest in our NH Care app to be digitally connected with our patients. Our online diabetic clinic has picked up a lot of traction. We have also been adding clinics, mainly to reach out to patients who cannot reach the hospital. So there is a lot of investments that are going into new business models, digitally connecting with the patients, etc."

Narayana Health recently posted its Q3 earnings. On its quarterly performance, she said that this quarter is generally a festive quarter however this time has been an exception. She explained that average revenue per patient has remained constant. She also mentioned that the company saw positive movement in footfalls both for in and out-patients. Additionally, she shared that COVID revenue remained small in the previous quarter.

She said, "This quarter has been an exception, maybe because there was pent-up demand in Q1. I think that effect has come through. Our average revenue per patient has been more or less constant, but we have seen a very positive movement in our in-patients and out-patients footfall. So if I give a year-on-year number, our in-patient (IP) footfall would have gone up by some 20 percent, out-patient (OP) footfall would have gone up by some 50 percent so we are seeing a flow through into the revenue numbers of the quarter."

On business operations excluding the new units, she mentioned that they have hit a threshold. She explained that the company will go with the continued run rate for Cayman Island unit. She said, “Similar run rate like you have seen is what we are continuing to expect. I think going into next quarter, we will hold the run rate.”